Q30, run 2026-11-04-1723-haiku

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Which entities had a foreign-currency issuer rating exactly at their country's ceiling on 1 October 2026?

Tests: Ceilings: which ratings the cap binds.

Expected: entities = ['E05', 'E15']

✅ R5 csv+ontology run 1 graded by code

E05 and E15. Their FC ratings (BB, A) equal their country ceilings (VD BB from A12; CV A from A37). No other entity is domiciled in a country with a ceiling.

JSON: {"entities": ["E05", "E15"]}

✅ R5 csv+ontology run 2 graded by code

E05 and E15. E05 (FC BB, A14) is at the Valdorian ceiling of BB (A12), and E15 (FC A, A41) is at the Corvenian ceiling of A (A37). The sovereign CV's own FC rating (BBB+) is not an entity domiciled in CV at the ceiling.

JSON: {"entities": ["E05", "E15"]}

✅ R5 csv+ontology run 3 graded by code

E05 and E15. E05 (domiciled in VD) has an FC rating of BB (A14), which equals VD's ceiling of BB (A12). E15 (domiciled in CV) has an FC rating of A (A41), which equals CV's ceiling of A (A37).

JSON: {"entities": ["E05", "E15"]}

✅ R5 csv+ontology run 4 graded by code

E05 (FC BB, ceiling BB) and E15 (FC A, ceiling A). CV's own FC rating is BBB+, which is not at its ceiling.

JSON: {"entities": ["E05", "E15"]}

✅ R5 csv+ontology run 5 graded by code

E05 (BB, at VD's ceiling of BB, A12) and E15 (A, at CV's ceiling of A, A37).

JSON: {"entities": ["E05", "E15"]}

✅ R7 csv+neutral run 1 graded by code

E05 (FC BB, A14) and E15 (FC A, A41). Each equals its country's ceiling (A12 BB for VD, A37 A for CV). The CV sovereign (BBB+) is below its ceiling of A.

JSON: {"entities": ["E05", "E15"]}

✅ R7 csv+neutral run 2 graded by code

E05 and E15. E05's FC rating (BB, A14) equals Valdoria's ceiling of BB (A12), and E15's FC rating (A, A41) equals Corvenia's ceiling of A (A37).

JSON: {"entities": ["E05", "E15"]}

✅ R7 csv+neutral run 3 graded by code

E05 and E15. E05's FC rating is BB, equal to the VD ceiling of BB (A12/A14). E15's FC rating is A, equal to the CV ceiling of A (A37/A41).

JSON: {"entities": ["E05", "E15"]}

✅ R7 csv+neutral run 4 graded by code

E05 and E15. E05's FC rating (BB) equals Valdoria's ceiling (BB), and E15's FC rating (A) equals Corvenia's ceiling (A).

JSON: {"entities": ["E05", "E15"]}

✅ R7 csv+neutral run 5 graded by code

E05, E15.
E05 (FC BB, A14) matches the VD ceiling of BB (A12), and E15 (FC A, A41) matches the CV ceiling of A (A37). E06, E08 and E13 have no ceilings in the data.

JSON: {"entities": ["E05", "E15"]}