In this episode of All the Credit®, Credit Markets in Transition , we explore the evolving role of liability management in global credit markets and how they're reshaping outcomes for investors, creditors, and the broader credit market. PGIM Fixed Income's Brian Barnhurst, CFA , Head of Global Credit Research, hosts Ryan Kelly, CFA , Lead Portfolio Manager and Head of Special Situations, and Rishav Puri , Special Situations Credit Analyst. Recorded on May 21, 2025.