Re-ratings eased across the board today — 3,239 companies against 3,643 the day before — but retail produced the sharpest exit-leaning skew: 1.5x its share of the day's movements, on 35 companies, a fresh read not seen in recent issues. Real estate remains the deepest, best-evidenced credit-leaning pull (1.6x on 98 companies, essentially matching last issue's 1.7x on 123), while accommodation's skew (2.0x) is now into its second straight day, still on thin volume. Nearly all of today's activity fell within a single day, so treat this as an early snapshot rather than an established trend.
Anonymised by design: cohorts and counts only, never a named company.
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