Moelis Seeks Debt Restructuring Deals in Argentina as Economy Slows
- Currency plunge, revenue contraction weigh on corporate debt
- New York firm hopes success in Brazil translates to Argentina
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Moelis & Co. is making a push in Argentina.
The U.S. investment bank has started looking for debt-restructuring opportunities in the South American nation, where a weakening currency and economic contraction are making it harder for firms and governments to pay their obligations on time.