Re-ratings spiked hard (5,752 versus 605 the day before), but with 95% of that activity landing in a single day, this reads as an early snapshot rather than an established trend. The firmest signal sits on the credit-leaning side: the East picked up 2.0x its share of this period's re-ratings (52 companies) skewing toward secured-borrowing appetite, with Northern Ireland showing an even sharper 2.1x lift, though on a thin base of just 13 — worth watching rather than banking on yet. Real estate and construction (buildings) added modest, larger-volume credit tilts (143 and 40 respectively), while the exit-leaning half stayed comparatively diffuse, with only mild concentration in retail and food & beverage service.
Anonymised by design: cohorts and counts only, never a named company.
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