Q28, run 2026-11-04-1711-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+ (A38).

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

✅ R1 csv run 4 graded by code

BBB+ (A38). The A-rated record A39 is the local-currency rating.

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

✅ R1 csv run 5 graded by code

BBB+ (A38).

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

✅ R2 rdf run 1 graded by code

BBB+ (A38).

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. A37 is the country ceiling, not the issuer rating.

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

✅ R2 rdf run 4 graded by code

BBB+ (A38). The country ceiling for CV is A (A37).

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

✅ R2 rdf run 5 graded by code

BBB+ (A38, foreign-currency LTIDR for CV).

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

✅ R6 rdf+ontology run 1 graded by code

BBB+ (A38). The CV record's A in A37 is the Country Ceiling, not its rating.

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

✅ R6 rdf+ontology run 2 graded by code

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

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

✅ R6 rdf+ontology run 3 graded by code

BBB+. CV's foreign-currency long-term rating is A38; A37 is the ceiling, not its rating.

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

✅ R6 rdf+ontology run 4 graded by code

BBB+ (A38, CV's foreign-currency rating).

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

✅ R6 rdf+ontology run 5 graded by code

BBB+ (A38, FC basis). A37 is the ceiling, not a rating.

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

✅ R5 csv+ontology run 1 graded by code

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

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

✅ R5 csv+ontology run 2 graded by code

BBB+, from A38. The CV Country Ceiling of A (A37) is not its rating.

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

✅ R5 csv+ontology run 3 graded by code

BBB+ (A38).

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

✅ R5 csv+ontology run 4 graded by code

BBB+ (A38).

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

✅ R5 csv+ontology run 5 graded by code

BBB+, from A38. The Country Ceiling (A37) is a separate thing.

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

✅ R4 csv+markdown run 1 graded by code

BBB+ (A38). The ceiling A37 is not the sovereign's rating.

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

✅ R4 csv+markdown run 2 graded by code

BBB+ (A38). The CC of A (A37) is a ceiling, not a rating.

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

✅ R4 csv+markdown run 3 graded by code

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

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

✅ R4 csv+markdown run 4 graded by code

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

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

✅ R4 csv+markdown run 5 graded by code

BBB+ (A38). A37 is the Country Ceiling, which is a different thing.

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

✅ R3 csv+padding run 1 graded by code

BBB+ (A38).

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

✅ R3 csv+padding run 2 graded by code

BBB+, from A38.

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

✅ R3 csv+padding run 3 graded by code

BBB+ (A38).

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

✅ R3 csv+padding run 4 graded by code

BBB+ (A38).

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

✅ R3 csv+padding run 5 graded by code

BBB+ (A38).

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