Scientific R&D firms are taking the clearest skew towards borrowing appetite this period — 1.7x their share of all re-ratings, though the underlying count (17) is modest, so treat it as an early snapshot rather than a trend. Telecommunications shows up on both sides at once (1.6x exit-leaning, 1.5x credit-leaning), which reads as a sector in flux rather than a single direction. With 98% of today's 15,310 re-ratings landing in one day, this is a first read on live register activity, not an established pattern — worth watching, not yet calling.
Anonymised by design: cohorts and counts only, never a named company.
← the full journal