Q31, run 2026-11-04-2013-sonnet

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Did any company have a foreign-currency issuer rating above its country's ceiling on 1 October 2026?

Tests: Ceilings: the sovereign's own rating can be below its ceiling, and a local-currency rating above it.

Expected: any = no

✅ R1 csv run 1 graded by code

No. No company's foreign-currency rating is above its country's ceiling.

JSON: {"any": "no"}

✅ R1 csv run 2 graded by code

No. Only VD and CV have ceilings, and no company exceeds them.

JSON: {"any": "no"}

✅ R1 csv run 3 graded by code

No. No company's FC rating exceeds its ceiling.

JSON: {"any": "no"}

✅ R1 csv run 4 graded by code

No. No company's foreign-currency rating exceeds its ceiling, and only VD and CV have ceilings in the data.

JSON: {"any": "no"}

✅ R1 csv run 5 graded by code

No. Only E05 and E15 have ceilings in the data, and both are at their ceiling, not above it. The other companies' countries have no ceiling in the data.

JSON: {"any": "no"}

✅ R5 csv+ontology run 1 graded by code

No. E05 and E15 are at their ceilings, not above them.

JSON: {"any": "no"}

✅ R5 csv+ontology run 2 graded by code

No. E05 and E15 are exactly at their ceilings, and no other company's country has a ceiling.

JSON: {"any": "no"}

✅ R5 csv+ontology run 3 graded by code

No. E05 and E15 are exactly at their ceilings, not above them.

JSON: {"any": "no"}

✅ R5 csv+ontology run 4 graded by code

No. E05 and E15 sit exactly at their ceilings, and no other company's FC rating is above a ceiling.

JSON: {"any": "no"}

✅ R5 csv+ontology run 5 graded by code

No. E05 and E15 are exactly at their ceilings, and no other company has a country with a ceiling.

JSON: {"any": "no"}

✅ R4 csv+markdown run 1 graded by code

No. E05 and E15 sit exactly at their ceilings, and no other entity has a ceiling that applies.

JSON: {"any": "no"}

✅ R4 csv+markdown run 2 graded by code

No. Both capped entities are exactly at their ceilings, not above.

JSON: {"any": "no"}

✅ R4 csv+markdown run 3 graded by code

No. No company's FC rating exceeds its country's ceiling.

JSON: {"any": "no"}

✅ R4 csv+markdown run 4 graded by code

No. No company's FC rating is above its country's ceiling.

JSON: {"any": "no"}

✅ R4 csv+markdown run 5 graded by code

No.

JSON: {"any": "no"}

✅ R8 csv+axioms run 1 graded by code

No. E05 and E15 are exactly at their ceilings, and no other company has a ceiling to compare against.

JSON: {"any": "no"}

✅ R8 csv+axioms run 2 graded by code

No. E05 sits at its ceiling, and E15 and the other companies are at or below theirs.

JSON: {"any": "no"}

✅ R8 csv+axioms run 3 graded by code

No. E05 and E15 sit exactly at their ceilings, not above them.

JSON: {"any": "no"}

✅ R8 csv+axioms run 4 graded by code

No. E05 sits at the ceiling and E15 sits at the ceiling.

JSON: {"any": "no"}

✅ R8 csv+axioms run 5 graded by code

No. Neither E05 nor E15 is above its ceiling, and CV's own BBB+ is a sovereign rating, which the ceiling constraint excludes.

JSON: {"any": "no"}