Q18, run 2026-11-04-1824-haiku

Which issuers were on Rating Watch Negative on 1 October 2026?

Tests: Watch over time: Marlow's Watch ended with its 2026 affirmation.

Expected: issuers = ['E06']

✅ R1 csv run 1 graded by code

E06. A17 (2026-09-03) placed it on Rating Watch Negative with no later resolving action. E14's watch (A35) was cleared by the 2026-05-01 affirmation with no watch flag (A33).

JSON: {"issuers": ["E06"]}

✅ R1 csv run 2 graded by code

E06. A17 (2026-09-03) placed it on RWN. E14's watch from A35 (2025-11-20) appears cleared by the 2026-05-01 affirmation (A33), which has no watch flag. This assumes an affirmation resolves the watch.

JSON: {"issuers": ["E06"]}

✅ R1 csv run 3 graded by code

E06. A17 (RWN, 2026-09-03) is the only active watch; E14's A35 watch (RWN) was resolved by the A33 affirmation with no watch flag.

JSON: {"issuers": ["E06"]}

✅ R1 csv run 4 graded by code

E06. Its watch was placed on 2026-09-03 (A17). E14's 2025-11-20 watch (A35) appears cleared by the 2026-05-01 affirmation (A33), which carries no watch flag. That clearance is inferred.

JSON: {"issuers": ["E06"]}

✅ R1 csv run 5 graded by code

E06. A17 (2026-09-03) is active on 1 Oct 2026. E14's watch from A35 appears cleared by A33 (2026-05-01, watch blank), though the data does not state this explicitly.

JSON: {"issuers": ["E06"]}

✅ R5 csv+ontology run 1 graded by code

E06. Its RWN was set on 2026-09-03 (A17). E14's 2025 RWN (A35) was superseded by the 2026-05-01 affirmation (A33), which set no watch.

JSON: {"issuers": ["E06"]}

✅ R5 csv+ontology run 2 graded by code

E06. Its RWN was set on 2026-09-03 (A17) and nothing later resolves it. E14's watch from 2025-11-20 (A35) was cleared by the later affirmation (A33), which carries no watch.

JSON: {"issuers": ["E06"]}

✅ R5 csv+ontology run 3 graded by code

E06. Its latest action, A17 (2026-09-03), carries RWN. E14's watch from A35 was followed by an affirmation on 2026-05-01 with the watch cleared, so E14 is not on watch.

JSON: {"issuers": ["E06"]}

✅ R5 csv+ontology run 4 graded by code

E06.
A17 places E06 on Rating Watch Negative (2026-09-03) with no later action. E14's Watch (A35) was cleared by its affirmation A33 on 2026-05-01.

JSON: {"issuers": ["E06"]}

✅ R5 csv+ontology run 5 graded by code

E06 (A17, RWN, 2026-09-03). E14's Watch (A35) was cleared by the affirmation in A33, which has no watch flag.

JSON: {"issuers": ["E06"]}

✅ R8 csv+axioms run 1 graded by code

E06. A17 (2026-09-03) places Orrin Bank on RWN. E14's watch from A35 was superseded by the 2026-05-01 affirmation A33, which carries no watch.

JSON: {"issuers": ["E06"]}

✅ R8 csv+axioms run 2 graded by code

E06
A17 (RWN, 2026-09-03) is current. E14's RWN (A35) was superseded by A33 (AF, no watch) on 2026-05-01.

JSON: {"issuers": ["E06"]}

✅ R8 csv+axioms run 3 graded by code

E06 (Orrin Bank AG). Its Rating Watch Negative (A17) is in force. Marlow's watch (A35) was superseded by the 2026 affirmation (A33).

JSON: {"issuers": ["E06"]}

✅ R8 csv+axioms run 4 graded by code

E06
A17 (2026-09-03) carries RWN and is the latest watch-bearing action. E14's RWN (A35) was followed by an affirmation (A33) with no watch recorded, so I treated it as resolved. This is an inference, since the data has no explicit watch-removal action.

JSON: {"issuers": ["E06"]}

✅ R8 csv+axioms run 5 graded by code

E06 only. Its Rating Watch Negative (A17) is in force, while E14's watch (A35) was superseded by the 2026-05-01 affirmation (A33), which has no watch.

JSON: {"issuers": ["E06"]}

✅ R9 csv+axioms+markdown run 1 graded by code

E06. Orrin Bank AG was placed on Rating Watch Negative on 2026-09-03 (A17). Marlow Utilities (E14) had a Watch placement (A35), but its later affirmation (A33) carries no watch flag.

JSON: {"issuers": ["E06"]}

✅ R9 csv+axioms+markdown run 2 graded by code

E06. A17 (2026-09-03) placed it on RWN. E14's watch (A35) appears to have been cleared by the blank-watch affirmation A33 (2026-05-01); the data does not state this explicitly.

JSON: {"issuers": ["E06"]}

✅ R9 csv+axioms+markdown run 3 graded by code

E06. A17 (2026-09-03) carries RWN, and no later action clears it. E14's watch (A35) was cleared by A33 on 2026-05-01.

JSON: {"issuers": ["E06"]}

✅ R9 csv+axioms+markdown run 4 graded by code

E06. A17 placed it on Rating Watch Negative and no later action exists. E14's watch (A35) was cleared by A33 (AF, watch blank).

JSON: {"issuers": ["E06"]}

✅ R9 csv+axioms+markdown run 5 graded by code

E06
E06's watch placed on 2026-09-03 (A17) is still in force. E14's watch (A35) was not carried by its later affirmation (A33) with no watch set, so I treat it as resolved.

JSON: {"issuers": ["E06"]}