Volumes dropped sharply overnight (560 re-rated vs 4,903 the day before), so treat today as an early snapshot rather than a trend. The firmest thread in it: East region exit-leaning re-ratings ran at twice their usual share of the day's activity, with Financial services also over-represented — both on modest counts, so worth watching rather than calling yet. On the credit side nothing sector-wise stood out, though North West names took a notably larger slice of borrowing-appetite re-ratings than their overall footprint would suggest.
Anonymised by design: cohorts and counts only, never a named company.
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