Q30, run 2026-11-04-2028-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']

✅ R1 csv run 1 graded by code

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

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

✅ R1 csv run 2 graded by code

E05 (FC BB, A14, equal to the Valdoria ceiling of BB) and E15 (FC A, A41, equal to the Corvenia ceiling of A, A37).

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

✅ R1 csv run 3 graded by code

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

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

✅ R1 csv run 4 graded by code

E05 and E15. E05's FC rating is BB (A14), which matches VD's ceiling of BB (A12). E15's FC rating is A (A41), which matches CV's ceiling of A (A37).

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

✅ R1 csv run 5 graded by code

Valdoria Telecom (E05) and Corvenia Power (E15). E05's foreign-currency BB (A14) equals the Valdoria ceiling BB (A12), and E15's foreign-currency A (A41) equals the Corvenia ceiling A (A37). No ceilings are recorded for other countries.

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

✅ R5 csv+ontology run 1 graded by code

E05, E15
E05 (VD) has an FC rating of BB (A14) against a Valdoria ceiling of BB (A12). E15 (CV) has an FC rating of A (A41) against a Corvenia ceiling of A (A37).

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

✅ R5 csv+ontology run 2 graded by code

E05 and E15. E05 is domiciled in VD with FC BB, which equals the VD ceiling of BB, and E15 is domiciled in CV with FC A, which equals the CV ceiling of A (A37).

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

✅ R5 csv+ontology run 3 graded by code

E05 and E15. E05 (domiciled in VD) has FC BB (A14), equal to the VD ceiling of BB (A12). E15 (domiciled in CV) has FC A (A41), equal to the CV ceiling of A (A37).

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

✅ R5 csv+ontology run 4 graded by code

E05 and E15. The VD ceiling is BB (A12) and E05's FC rating is BB (A14). The CV ceiling is A (A37) and E15's FC rating is A (A41).

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

✅ R5 csv+ontology run 5 graded by code

E05 and E15. E05 (Valdoria Telecom) has an FC rating of BB, equal to the Valdoria ceiling (A12), and E15 (Corvenia Power) has an FC rating of A, equal to the Corvenia ceiling (A37).

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

✅ R4 csv+markdown run 1 graded by code

E05 (FC BB against a Valdoria ceiling of BB) and E15 (FC A against a Corvenia ceiling of A).

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

✅ R4 csv+markdown run 2 graded by code

E05 and E15. Valdoria Telecom's FC rating of BB equals the VD ceiling of BB, and Corvenia Power's FC rating of A equals the CV ceiling of A.

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

✅ R4 csv+markdown run 3 graded by code

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

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

❌ R4 csv+markdown run 4 graded by code

E05 (Valdoria Telecom). Its FC rating of BB (A14) equals the VD ceiling of BB (A12). No Country Ceiling is recorded for CV, so E15 is not measured against one.

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

Why: entities: expected ['E05', 'E15'], got ['E05']

✅ R4 csv+markdown run 5 graded by code

E05 and E15. Valdoria Telecom (BB) is exactly at the VD ceiling (BB, A12), and Corvenia Power (A) is exactly at the CV ceiling (A, A37).

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

✅ R8 csv+axioms run 1 graded by code

E05 (FC BB, at Valdoria's ceiling BB from A12) and E15 (FC A, at Corvenia's ceiling A from A37).

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

✅ R8 csv+axioms run 2 graded by code

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

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

✅ R8 csv+axioms run 3 graded by code

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

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

✅ R8 csv+axioms run 4 graded by code

E05 and E15. E05's FC rating BB (A14) equals Valdoria's CC of BB (A12), and E15's FC rating A (A41) equals Corvenia's CC of A (A37). Sovereigns are excluded from the ceiling check.

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

✅ R8 csv+axioms run 5 graded by code

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

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