Q17, run 2026-11-04-2013-sonnet

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Was Orrin Bank downgraded in 2026?

Tests: Watch versus rating: Rating Watch Negative is not a downgrade.

Expected: downgraded = no

✅ R1 csv run 1 graded by code

No. A17 is a Rating Watch Negative, with the rating kept at A-.

JSON: {"downgraded": "no"}

✅ R1 csv run 2 graded by code

No. A17 (2026-09-03) places it on Rating Watch Negative at A-, which is not a downgrade.

JSON: {"downgraded": "no"}

✅ R1 csv run 3 graded by code

No. A17 is only a Rating Watch Negative with the rating unchanged at A-.

JSON: {"downgraded": "no"}

✅ R1 csv run 4 graded by code

No. The only 2026 action on Orrin Bank is a Rating Watch Negative with the rating held at A- (A17).

JSON: {"downgraded": "no"}

✅ R1 csv run 5 graded by code

No. A17 is a Rating Watch Negative placement with the rating still A-, not a downgrade.

JSON: {"downgraded": "no"}

✅ R5 csv+ontology run 1 graded by code

No. E06's only 2026 action is a Rating Watch (A17), which is not a downgrade.

JSON: {"downgraded": "no"}

✅ R5 csv+ontology run 2 graded by code

No. A17 is a Rating Watch, which is not a downgrade.

JSON: {"downgraded": "no"}

✅ R5 csv+ontology run 3 graded by code

No. E06's only 2026 action (A17) is a Rating Watch, and the rating stays A-.

JSON: {"downgraded": "no"}

✅ R5 csv+ontology run 4 graded by code

No. The only 2026 action on E06 is A17, a Rating Watch, which is not a downgrade.

JSON: {"downgraded": "no"}

✅ R5 csv+ontology run 5 graded by code

No. A17 is a Rating Watch action with the rating unchanged at A-.

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 1 graded by code

No. E06's only 2026 action is A17, a Rating Watch placement, and the rating stays at A-.

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 2 graded by code

No. E06's only 2026 action is A17, a Rating Watch with the rating unchanged at A-.

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 3 graded by code

No. E06's only 2026 action, A17, is a Rating Watch placement, which is not a downgrade.

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 4 graded by code

No. A17 is a Rating Watch placement and leaves the rating at A-.

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 5 graded by code

No. Orrin Bank AG (E06) only had a Rating Watch placed in 2026 (A17), and its rating stayed A-.

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 1 graded by code

No. A17 is a Rating Watch placement at unchanged A-, not a downgrade.

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 2 graded by code

No. E06's only 2026 action is A17, a Rating Watch placement that kept the A- rating.

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 3 graded by code

No. The only 2026 action on E06 is A17, a Rating Watch placement with the rating unchanged at A-.

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 4 graded by code

No. A17 is a Rating Watch placement that keeps the rating at A-.

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 5 graded by code

No. A17 is a Rating Watch placement with the rating unchanged at A-.

JSON: {"downgraded": "no"}