Q28, run 2026-11-04-1824-haiku

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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+. This is the foreign-currency rating on CV (A38).

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

✅ R1 csv run 2 graded by code

BBB+ (FC LTIDR, A38).

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

✅ R1 csv run 3 graded by code

BBB+. The Republic of Corvenia's FC LTIDR is BBB+ (A38). Its A rating (A37) is a country ceiling.

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

✅ R1 csv run 4 graded by code

BBB+. This is the FC LTIDR from A38.

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

✅ R1 csv run 5 graded by code

BBB+. A38 (2024-01-01) is the FC LTIDR for CV, with a stable outlook.

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

✅ R5 csv+ontology run 1 graded by code

BBB+. CV's LTIDR FC rating is A38. The A rating in A37 is a Country Ceiling, which is not an issuer rating.

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

✅ R5 csv+ontology run 2 graded by code

BBB+. CV's FC issuer rating is BBB+ (A38). A37 is the country ceiling, which is not the sovereign's own rating.

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

✅ R5 csv+ontology run 3 graded by code

BBB+. This is the FC issuer rating from A38. The A rating in A37 is the Country Ceiling, not the sovereign's rating.

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

✅ R5 csv+ontology run 4 graded by code

BBB+.
CV's FC issuer rating is BBB+ (A38).

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

✅ R5 csv+ontology run 5 graded by code

BBB+. CV's FC LTIDR (A38) is BBB+; the Country Ceiling (A37, A) is not its issuer rating.

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

✅ R8 csv+axioms run 1 graded by code

BBB+. The Republic of Corvenia's FC issuer rating is BBB+ (A38, 2024-01-01).

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

✅ R8 csv+axioms run 2 graded by code

BBB+
CV's FC issuer rating is BBB+ (A38).

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

✅ R8 csv+axioms run 3 graded by code

BBB+. The Republic of Corvenia's FC rating is BBB+ (A38).

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

✅ R8 csv+axioms run 4 graded by code

BBB+
CV's FC issuer rating is BBB+ (A38, 2024-01-01).

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

✅ R8 csv+axioms run 5 graded by code

BBB+. The Republic of Corvenia's FC LTIDR is BBB+ (A38).

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

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

BBB+. The Republic of Corvenia's foreign-currency issuer rating is BBB+ (A38). Its A (A37) is the Country Ceiling, which is not its issuer rating.

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

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

BBB+. CV's FC issuer rating is BBB+ (A38). Its CC action (A37) is a ceiling, not an issuer rating.

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

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

BBB+. CV's FC issuer rating is A38 (2024-01-01).

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

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

BBB+. A38 (CV, FC, LTIDR) is the sovereign's FC issuer rating. A37 (CC, A) is a ceiling, not the issuer rating.

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

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

BBB+
The FC issuer rating of CV is BBB+ (A38).

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