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  "docSlug": "2cca3d3b7979101b",
  "documentTitle": "Distress Alert July 2025",
  "authorId": "AlvarezMarsal",
  "authorName": "Alvarez & Marsal",
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  "notes": "Includes a data table summarizing distress, performance, and robustness metrics across sectors and years.",
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      "text": "The proportion of Nordic companies classified as distressed has decreased to 8.5% in our latest analysis, from 9.7% in the previous year.",
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      "text": "Elsewhere, stress in the Real Estate industry has eased as debt capital markets reopened, enabling refinancings. Renewables and Project Finance sectors continue to see challenges.",
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      "text": "The proportion of Nordic companies classified as distressed has decreased to 8.5% in our latest analysis, from 9.7% in the previous year. However, 32.3% of businesses are still struggling with weak balance sheets.",
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      "kind": "paragraph",
      "text": "Firms in the Business Services sector have been affected by tighter corporate budgets and capex wallets, leading to less room to acquire services and consultancies.",
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      "text": "The region has seen a number of rescue equity rights issues last year, which helped secure liquidity and resolved many stressed and distressed situations.",
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      "text": "Specialised Retail, Business Services and Travel, Hospitality & Leisure are facing the highest levels of distress in the region. Retail businesses are under pressure due to weak consumer spending.",
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      "text": "NORDICS",
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