Legal & accounting firms carried nearly twice their share of today's exit-leaning re-ratings, the firmest skew in an early, single-day snapshot of 4,943 live register updates. Real estate dominated the credit-leaning cohort by volume (171 companies, 1.4x its share), alongside accommodation at 1.5x — both read as borrowing appetite, not distress. With one day's data we'd call this a signal worth watching rather than a trend; the sector-level detail behind these counts is where it gets interesting.
Anonymised by design: cohorts and counts only, never a named company.
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