Morgan Stanley looks to raise $2B for Puerto Rico - NYT.

Morgan Stanley (MS) has contacted large investors to see how interested they would be in providing $2B in financing to Puerto Rico in return for yields as high as 10%, the NYT reports. The Commonwealth hasn't actually hired Morgan Stanley, which is acting on its own to put together a proposal that the bank can take to the government. Puerto Rico is struggling with high unemployment and massive debt, and is facing a downgrade into junk territory from Moody's.