Distressed Investing Is Back. These Trades Are Defining the Game
Savvy investors seized tightening credit markets this year to reshape the distressed investing playing field just as more companies look destined for default in 2023.
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### Instruction: Distressed Investing Is Back. These Trades Are Defining the Game

### Response: Savvy investors seized tightening credit markets this year to reshape the distressed investing playing field just as more companies look destined for default in 2023.