Q10, run 2026-11-06-0935-sonnet-query

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Is Valdoria Telecom investment grade?

Tests: Ambiguity: 'the rating' of a company is several ratings; the investment-grade line is BBB-.

Expected: investment_grade = depends

✅ D1 sql run 1 graded by code · query session

Depends. Its local-currency rating is BBB- (investment grade) and its foreign-currency rating is BB (not investment grade).

JSON: {"investment_grade": "depends"}

✅ D1 sql run 2 graded by code · query session

Depends. Its local-currency rating is BBB- (investment grade, A13) but its foreign-currency rating is BB (not investment grade, A14).

JSON: {"investment_grade": "depends"}

✅ D1 sql run 3 graded by code · query session

Depends. Valdoria Telecom's local-currency rating is BBB- (investment grade, A13). Its foreign-currency rating is BB (not investment grade, A14).

JSON: {"investment_grade": "depends"}

✅ D1 sql run 4 graded by code · query session

Depends. The local-currency rating is BBB- (investment grade, A13) and the foreign-currency rating is BB (not investment grade, A14).

JSON: {"investment_grade": "depends"}

✅ D1 sql run 5 graded by code · query session

Depends. The foreign-currency rating is BB (not investment grade) and the local-currency rating is BBB- (investment grade).

JSON: {"investment_grade": "depends"}

✅ D2 sql+markdown run 1 graded by code · query session

Depends. Its LC rating is BBB- (investment grade), but its FC rating is BB (speculative).

JSON: {"investment_grade": "depends"}

✅ D2 sql+markdown run 2 graded by code · query session

Depends. E05's FC rating is BB (speculative) and its LC rating is BBB- (investment grade).

JSON: {"investment_grade": "depends"}

✅ D2 sql+markdown run 3 graded by code · query session

Depends. Its FC rating is BB (speculative), but its LC rating is BBB- (investment grade).

JSON: {"investment_grade": "depends"}

✅ D2 sql+markdown run 4 graded by code · query session

Depends. Its FC rating is BB (speculative) and its LC rating is BBB- (investment grade).

JSON: {"investment_grade": "depends"}

✅ D2 sql+markdown run 5 graded by code · query session

Depends. E05's FC rating is BB, which is speculative grade, while its LC rating is BBB-, which is investment grade.

JSON: {"investment_grade": "depends"}

✅ D4 sparql run 1 graded by code · query session

Depends. E05 is BB on an FC basis (A14) and BBB- on an LC basis (A13).

JSON: {"investment_grade": "depends"}

✅ D4 sparql run 2 graded by code · query session

Depends. Its local-currency rating is BBB- (investment grade) and its foreign-currency rating is BB (not investment grade).

JSON: {"investment_grade": "depends"}

✅ D4 sparql run 3 graded by code · query session

Depends. The LC rating is BBB- (investment grade, A13) and the FC rating is BB (not investment grade, A14).

JSON: {"investment_grade": "depends"}

✅ D4 sparql run 4 graded by code · query session

Depends. The LC rating is BBB- (investment grade) and the FC rating is BB (not), per A13/A14.

JSON: {"investment_grade": "depends"}

✅ D4 sparql run 5 graded by code · query session

Depends. E05's LC rating is BBB- (investment grade) and its FC rating is BB (not).

JSON: {"investment_grade": "depends"}

✅ D5 sparql+ontology run 1 graded by code · query session

Depends. Its FC rating is BB (speculative grade) and its LC rating is BBB- (investment grade).

JSON: {"investment_grade": "depends"}

✅ D5 sparql+ontology run 2 graded by code · query session

Depends. E05's FC rating is BB (speculative) and its LC rating is BBB- (investment grade).

JSON: {"investment_grade": "depends"}

✅ D5 sparql+ontology run 3 graded by code · query session

Depends. E05's FC rating is BB (speculative) and its LC rating is BBB- (investment grade).

JSON: {"investment_grade": "depends"}

✅ D5 sparql+ontology run 4 graded by code · query session

Depends. The FC rating is BB (speculative grade) and the LC rating is BBB- (investment grade).

JSON: {"investment_grade": "depends"}

✅ D5 sparql+ontology run 5 graded by code · query session

Depends. Its FC rating is BB (speculative grade) and its LC rating is BBB- (investment grade).

JSON: {"investment_grade": "depends"}

✅ D3 sql+executed run 1 graded by code · query session

Depends. The foreign-currency rating is BB (not investment grade), but the local-currency rating is BBB- (investment grade).

JSON: {"investment_grade": "depends"}

✅ D3 sql+executed run 2 graded by code · query session

Depends. E05 is BB on the foreign-currency scale (not investment grade) and BBB- on the local-currency scale (investment grade).

JSON: {"investment_grade": "depends"}

✅ D3 sql+executed run 3 graded by code · query session

Depends. E05 is BB in foreign currency (non-investment grade) and BBB- in local currency (investment grade).

JSON: {"investment_grade": "depends"}

✅ D3 sql+executed run 4 graded by code · query session

Depends. E05's foreign-currency rating is BB, which is not investment grade, but its local-currency rating is BBB-, which is (A14, A13).

JSON: {"investment_grade": "depends"}

✅ D3 sql+executed run 5 graded by code · query session

Depends. E05 is BB in foreign currency (A14, sub-investment grade) but BBB- in local currency (A13, investment grade).

JSON: {"investment_grade": "depends"}

✅ D6 sparql+axioms run 1 graded by code · query session

Depends. The local-currency rating is BBB- (investment grade) and the foreign-currency rating is BB (not).

JSON: {"investment_grade": "depends"}

✅ D6 sparql+axioms run 2 graded by code · query session

Depends. Valdoria Telecom is BB on foreign currency, which is not investment grade, and BBB- on local currency, which is.

JSON: {"investment_grade": "depends"}

✅ D6 sparql+axioms run 3 graded by code · query session

Depends. The local-currency rating is BBB- (investment grade, A13). The foreign-currency rating is BB (not investment grade, A14).

JSON: {"investment_grade": "depends"}

✅ D6 sparql+axioms run 4 graded by code · query session

Depends. The foreign-currency rating is BB (not investment grade) and the local-currency rating is BBB- (investment grade).

JSON: {"investment_grade": "depends"}

✅ D6 sparql+axioms run 5 graded by code · query session

Depends. The local-currency rating is BBB- (investment grade, A13) but the foreign-currency rating is BB (not investment grade, A14).

JSON: {"investment_grade": "depends"}