Wholesale and real estate both nudged into the borrowing-appetite half today, but with only 605 re-ratings on the board — a fraction of yesterday's 2,876 — this reads as an early snapshot rather than a settled pattern. The firmest thing in the data: credit-leaning names ran roughly 4x exit-leaning ones (140 vs 33), with real estate alone accounting for over half the credit cohort at a modest 1.3x concentration. Bank-entry was the standout live pattern (10 matches), worth watching as the sample builds.
Anonymised by design: cohorts and counts only, never a named company.
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