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  "docSlug": "2cca3d3b7979101b",
  "documentTitle": "Distress Alert July 2025",
  "authorId": "AlvarezMarsal",
  "authorName": "Alvarez & Marsal",
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  "notes": "Includes a table summarizing distress, performance, and robustness metrics across years and sectors.",
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      "kind": "callout",
      "text": "Distress has accelerated markedly in France, reaching 10.5% of all companies, up from 8.1% the previous year – an increase of nearly 30%.",
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      "text": "Distress rate: 10.5%",
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      "text": "Distress has accelerated markedly in France, reaching 10.5% of all companies... The percentage of underperforming businesses has also climbed... Reflecting an economy under pressure, business failures are at a historically high level...",
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      "kind": "paragraph",
      "text": "Rising costs are placing a heavy burden on French businesses... According to our analysis, Healthcare companies are the most troubled... The Media & Entertainment industry remains strained...",
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      "text": "FRANCE",
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