Q28, run 2026-11-05-1233-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 from A38. The sovereign's A-rated country ceiling (A37) is a separate record.

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

✅ R1 csv run 2 graded by code

BBB+. The Republic of Corvenia's foreign-currency issuer rating is BBB+ (A38). Its A is a country ceiling (A37), not an issuer rating.

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

✅ R1 csv run 3 graded by code

BBB+. CV's foreign-currency LTIDR is BBB+ (A38).

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

✅ R1 csv run 4 graded by code

BBB+. A38 (CV LTIDR FC, 2024-01-01) is the only FC issuer rating for CV.

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

✅ R1 csv run 5 graded by code

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

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

✅ R2 rdf run 1 graded by code

BBB+. Republic of Corvenia's FC long-term rating is BBB+ (A38).

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

✅ R2 rdf run 2 graded by code

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

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

✅ R2 rdf run 3 graded by code

BBB+
The Republic of Corvenia (CV) has a foreign-currency LTIDR of BBB+ (A38). Its A rating (A37) is a country ceiling, not an issuer rating.

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

✅ R2 rdf run 4 graded by code

BBB+. A38 (foreign currency, long-term issuer, 2024-01-01) is the Republic of Corvenia's (CV) foreign-currency issuer rating.

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

✅ R2 rdf run 5 graded by code

BBB+. CV's foreign-currency issuer rating is A38; A37 (A) is its country ceiling and A39 is its local-currency rating.

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

✅ R6 rdf+ontology run 1 graded by code

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

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

✅ R6 rdf+ontology run 2 graded by code

BBB+
CV's FC issuer rating is BBB+ (A38). Its A rating (A37) is a Country Ceiling, not the sovereign's issuer rating.

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

❌ R6 rdf+ontology run 3 graded by code

None. The Republic of Corvenia (CV) has no rating actions.

JSON: {"rating": "none"}

Why: rating: expected BBB+, got none

✅ R6 rdf+ontology run 4 graded by code

**BBB+.** This is the FC long-term rating of CV (A38).

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

✅ R6 rdf+ontology run 5 graded by code

BBB+
CV's FC issuer rating is BBB+ (A38). A37 is a Country Ceiling (type CC), not an issuer rating.

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

✅ R5 csv+ontology run 1 graded by code

BBB+. A38 (2024-01-01) sets the FC issuer rating of sovereign CV. A39 is the LC rating, and the A ceiling (A37) is not the issuer rating.

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

✅ R5 csv+ontology run 2 graded by code

BBB+. CV's FC issuer rating was assigned BBB+ by A38 (2024-01-01) and has not changed. A37 is a Country Ceiling (CC), not an issuer rating.

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

✅ R5 csv+ontology run 3 graded by code

BBB+. A38 (2024-01-01) is the FC issuer rating for CV. A37 is the Country Ceiling (A), not an issuer rating.

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

✅ R5 csv+ontology run 4 graded by code

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

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

✅ R5 csv+ontology run 5 graded by code

BBB+. This is the Republic of Corvenia's FC issuer rating (A38). Its Country Ceiling of A (A37) is a different thing.

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

✅ R4 csv+markdown run 1 graded by code

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

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

✅ R4 csv+markdown run 2 graded by code

BBB+. The Republic of Corvenia (CV) has an FC issuer rating of BBB+ (A38). Its A (A37) is the Country Ceiling, which is not the sovereign's rating.

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

✅ R4 csv+markdown run 3 graded by code

BBB+. This is CV's LTIDR FC from A38 (2024-01-01).

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

✅ R4 csv+markdown run 4 graded by code

BBB+. A38 (CV, LTIDR, FC, 2024-01-01) is the latest FC issuer rating.

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

✅ R4 csv+markdown run 5 graded by code

BBB+. A38 sets the sovereign's foreign-currency issuer rating at BBB+. Its A is the Country Ceiling (A37), not its rating.

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

✅ R3 csv+padding run 1 graded by code

BBB+, from A38 (foreign currency, 2024-01-01).

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

✅ R3 csv+padding run 2 graded by code

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

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

✅ R3 csv+padding run 3 graded by code

BBB+. Corvenia's foreign-currency issuer rating is BBB+ (A38).

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

✅ R3 csv+padding run 4 graded by code

BBB+. CV's FC LTIDR is BBB+ (A38, 2024-01-01); the CC record A37 (A) is a ceiling, not an issuer rating.

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

✅ R3 csv+padding run 5 graded by code

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

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

✅ R10 executed run 1 graded by code

BBB+. CV's FC rating is BBB+ (action A38), in force since 2024-01-01.

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

✅ R10 executed run 2 graded by code

BBB+. CV's FC LTIDR is BBB+ (A38).

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

✅ R10 executed run 3 graded by code

BBB+. The Republic of Corvenia's FC rating (A38) has been in force since 2024-01-01.

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

✅ R10 executed run 4 graded by code

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

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

✅ R10 executed run 5 graded by code

BBB+. The Republic of Corvenia's FC rating is BBB+ (CV, FC record).

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

✅ R7 csv+neutral run 1 graded by code

BBB+. The Republic of Corvenia's foreign-currency rating was assigned on 2024-01-01 (A38, CV). Its A figure (A37) is the Country Ceiling, not its issuer rating.

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

✅ R7 csv+neutral run 2 graded by code

BBB+. The FC issuer rating of CV is BBB+ (A38). Its A rating (A37) is a Country Ceiling, not an issuer rating.

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

✅ R7 csv+neutral run 3 graded by code

BBB+. The Republic of Corvenia (CV) has a foreign-currency issuer rating of BBB+ from 2024-01-01 (A38).

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

✅ R7 csv+neutral run 4 graded by code

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

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

✅ R7 csv+neutral run 5 graded by code

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

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

✅ R8 csv+axioms run 1 graded by code

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

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

✅ R8 csv+axioms run 2 graded by code

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

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

✅ R8 csv+axioms run 3 graded by code

BBB+. The Republic of Corvenia's FC LTIDR was assigned BBB+ on 2024-01-01 (A38).

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

✅ R8 csv+axioms run 4 graded by code

BBB+. The sovereign's FC LTIDR was assigned on 2024-01-01 (A38).

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

✅ R8 csv+axioms run 5 graded by code

BBB+
CV's foreign-currency LTIDR is BBB+ (A38).

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

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

BBB+. The Republic of Corvenia's FC issuer rating is A38 (2024-01-01). Its A37 action is a Country Ceiling, not an issuer rating.

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

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

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

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

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

BBB+, the Republic of Corvenia's FC LTIDR (A38).

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

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

BBB+. A38 is CV's foreign-currency issuer rating. A37 is a Country Ceiling, not an issuer rating.

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

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

BBB+. CV's FC issuer rating is BBB+ from A38 (2024-01-01). Its ceiling in A37 (CC, A) is not an issuer rating.

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