Q2, run 2026-11-04-1723-haiku

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Has Kestrel Energy been downgraded in 2026?

Tests: Outlook versus rating: an affirmation with a negative outlook is not a rating change.

Expected: downgraded = no

✅ R5 csv+ontology run 1 graded by code

No. The only 2026 actions on E01 are affirmations (A03, A04), and the last downgrade was A02 in 2025.

JSON: {"downgraded": "no"}

✅ R5 csv+ontology run 2 graded by code

No. The only 2025 downgrade (A02) falls outside 2026, and the 2026 actions (A03, A04) are affirmations.

JSON: {"downgraded": "no"}

✅ R5 csv+ontology run 3 graded by code

No. E01's 2026 actions are A03 and A04, both affirmations.

JSON: {"downgraded": "no"}

✅ R5 csv+ontology run 4 graded by code

No. The only 2026 actions on E01 are affirmations (A03, A04).

JSON: {"downgraded": "no"}

✅ R5 csv+ontology run 5 graded by code

No. The 2026 actions on E01 are affirmations (A03, A04).

JSON: {"downgraded": "no"}

✅ R7 csv+neutral run 1 graded by code

No. The 2026 actions on E01 (A03, A04) are affirmations, and A03 only revised the outlook to NEG.

JSON: {"downgraded": "no"}

✅ R7 csv+neutral run 2 graded by code

No. The 2026 actions on E01 are affirmations (A03, A04), not downgrades.

JSON: {"downgraded": "no"}

✅ R7 csv+neutral run 3 graded by code

No. The only 2026 action on E01 is an affirmation (A03, A04); the downgrade to BBB was A02 in 2025.

JSON: {"downgraded": "no"}

✅ R7 csv+neutral run 4 graded by code

No. The 2026 actions on E01 are affirmations (A03 LTIDR, A04 STIDR), and neither changes the rating.

JSON: {"downgraded": "no"}

✅ R7 csv+neutral run 5 graded by code

No.
The 2026 actions on E01 (A03, A04) are affirmations, and A03 only moved the outlook to NEG.

JSON: {"downgraded": "no"}