Accommodation stands out today: within the credit-leaning cohort it's taking 3.3x its normal share of re-ratings, albeit on a modest 16 companies — borrowing appetite, not a solvency call, and worth watching as the sample builds. Scotland also shows a firmer skew toward credit-leaning moves (1.6x, 46 companies), while the exit-leaning side is thinner and more diffuse, with Head office & management consultancy the largest single cluster (31 companies, 1.6x). This is a single-day snapshot, not a trend — but the Accommodation concentration is the sharpest signal in the detail behind today's figures.
Anonymised by design: cohorts and counts only, never a named company.
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