Yesterday's re-rating activity — compressed almost entirely into a single day — shows concentrated credit appetite in real estate (1.3x, 122 companies), hospitality (2.3x, 14 companies), and Northern Ireland (2.0x, 16 companies). These are early readings from a snapshot dataset; the pattern will clarify as the register continues.
Anonymised by design: cohorts and counts only, never a named company.
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