Printing & reproduction is turning up on both sides of the board this week, but it's the credit lean that's harder to ignore: accommodation (1.4x), real estate (1.3x, on a chunky 776 names) and printing (1.3x) all over-indexed among the 3,525 companies now showing live-event-driven appetite for secured debt. Exit-leaning re-ratings were lighter this week (2,401, down from 3,781) and clustered in professional and publishing niches — legal & accounting, publishing, information services — rather than anywhere geographic. Pattern-wise, sector laggard overtook quiet compounder as the most frequently matched live archetype, with debtor-heavy and the two distress-flagged patterns all landing in the 230-250 range — worth a closer look at the detail behind any one that touches your watchlist.
Anonymised by design: cohorts and counts only, never a named company.
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