Re-ratings jumped sharply on the day (1,245 vs 869), with the clearest new movement on the exit side: Motor trade is modestly over-represented among sale-leaning re-ratings (1.4x, 13 firms) — worth flagging, though the numbers are still small. On the distress side, Food & beverage service remains the persistent lead for a fourth straight issue, still running hot at 2.0x concentration (63 firms); Construction (buildings) shows a smaller secondary skew (1.4x, 10 firms). With activity this concentrated in a single day, treat both reads as an early snapshot rather than a settled trend.
Anonymised by design: cohorts and counts only, never a named company.
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