Re-rating volume held broadly steady (1,485), but the credit-leaning cohort shows real concentration: food & beverage service and wholesale both stand out (2.1x and 1.8x their share of the day's re-ratings respectively), with real estate also over-represented at scale (37 companies, 1.5x) — and Wales leads regionally at 2.0x. On the exit side, IT & software services and Retail carry a modest tilt (1.5x, 1.4x), though on smaller counts than yesterday, so treat this snapshot as early rather than a settled pattern; the day's stand-out pattern surge was Z-distress matches (31), worth flagging on volume alone even before scores catch up.
Anonymised by design: cohorts and counts only, never a named company.
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