the scout, on the record
Daily 4 September 2026

What moved on the register

Sector fingerprint of the day: Construction (buildings) is pulling the credit-leaning cohort at 1.4x its share of today's re-ratings — the clearest signal on offer, though these are early-day numbers and shouldn't be read as a trend yet. Northern Ireland shows up on both sides at once (1.4x exit-leaning, 1.6x credit-leaning), which reads more as a locally busy register than a directional story. Elsewhere the movement was diffuse — no other cohort stands out enough to build a line on.

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Anonymised by design: cohorts and counts only, never a named company.

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