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  "documentTitle": "Distress Alert July 2024",
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      "text": "U.K., Germany and the Benelux are the most distressed markets. Benelux is the most distressed market covered in the ADA, with 10.2% of companies in distress in 2023.",
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      "text": "Distress is growing in most countries and sectors. Levels of financial distress have risen to the highest since the pandemic, with 9.2% of companies in the ADA dataset (which includes over 8,200 firms) facing distress.",
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      "text": "Balance sheets fragile as companies struggle to deleverage. Since 2020, the share of businesses lacking balance sheet robustness has steadily increased, reaching a record 31.2%, which represents over 2,500 corporates.",
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      "text": "02 EXECUTIVE SUMMARY",
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