Q28, run 2026-11-04-1616-sonnet

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What is the Republic of Corvenia's foreign-currency issuer rating?

Tests: Ceiling versus sovereign rating: Corvenia's ceiling (A) is not its rating (BBB+).

Expected: rating = BBB+

✅ R1 csv run 1 graded by code

BBB+ (A38).

JSON: {"rating": "BBB+"}

✅ R1 csv run 2 graded by code

BBB+ (A38).

JSON: {"rating": "BBB+"}

✅ R1 csv run 3 graded by code

BBB+, from A38.

JSON: {"rating": "BBB+"}

✅ R1 csv run 4 graded by code

BBB+, from A38.

JSON: {"rating": "BBB+"}

✅ R1 csv run 5 graded by code

BBB+, from A38. The A rating in A37 is the country ceiling, not the issuer rating.

JSON: {"rating": "BBB+"}

✅ R2 rdf run 1 graded by code

BBB+, from A38. The A in A37 is the country ceiling, not an issuer rating.

JSON: {"rating": "BBB+"}

✅ R2 rdf run 2 graded by code

BBB+ (A38).

JSON: {"rating": "BBB+"}

✅ R2 rdf run 3 graded by code

BBB+, from A38.

JSON: {"rating": "BBB+"}

✅ R2 rdf run 4 graded by code

BBB+ (A38). The local-currency rating is A- (A39) and the country-ceiling record is A (A37).

JSON: {"rating": "BBB+"}

✅ R2 rdf run 5 graded by code

BBB+ (A38). The LC rating is A- (A39).

JSON: {"rating": "BBB+"}

✅ R6 rdf+ontology run 1 graded by code

BBB+. CV's FC LTIDR comes from A38. The Country Ceiling of A (A37) is a different thing.

JSON: {"rating": "BBB+"}

✅ R6 rdf+ontology run 2 graded by code

BBB+ (A38, CV LTIDR FC). A37 is the Country Ceiling of A, which is not the sovereign's rating.

JSON: {"rating": "BBB+"}

✅ R6 rdf+ontology run 3 graded by code

BBB+ (A38).

JSON: {"rating": "BBB+"}

✅ R6 rdf+ontology run 4 graded by code

BBB+ (A38, foreign-currency long-term IDR for CV). A37 is the Country Ceiling, not the sovereign's rating.

JSON: {"rating": "BBB+"}

✅ R6 rdf+ontology run 5 graded by code

BBB+ (A38). A37 is the Country Ceiling (A), which is not the sovereign's rating, and A39 is the LC rating (A-).

JSON: {"rating": "BBB+"}

✅ R5 csv+ontology run 1 graded by code

BBB+ (A38).

JSON: {"rating": "BBB+"}

✅ R5 csv+ontology run 2 graded by code

BBB+ (A38).

JSON: {"rating": "BBB+"}

✅ R5 csv+ontology run 3 graded by code

BBB+, from A38. The A in A37 is the Country Ceiling, not a rating.

JSON: {"rating": "BBB+"}

✅ R5 csv+ontology run 4 graded by code

BBB+, from A38.

JSON: {"rating": "BBB+"}

✅ R5 csv+ontology run 5 graded by code

BBB+ (A38). The A rating in A37 is the Country Ceiling, not the sovereign's own rating.

JSON: {"rating": "BBB+"}