D4 sparql, run 5: the query session
29 queries0 failed8 rounds
The opening prompt
## The data
You can't see the data, but you can query it. It is in an RDF store, described below. Write SPARQL 1.1 SELECT or ASK queries.
To run queries, reply with one or more fenced blocks (```sparql), and nothing else is needed:
each is run and its results sent back to you. You have up to 8 rounds of queries.
When you have what you need, reply with the final answers and no queries.
Prefixes:
```
PREFIX skos: <http://www.w3.org/2004/02/skos/core#>
PREFIX rdf: <http://www.w3.org/1999/02/22-rdf-syntax-ns#>
PREFIX rdfs: <http://www.w3.org/2000/01/rdf-schema#>
PREFIX xsd: <http://www.w3.org/2001/XMLSchema#>
PREFIX lad: <https://example.org/ladder/>
```
Classes and the properties their resources use:
- `lad:Entity`: `rdf:type`, `rdfs:label`, `lad:country`, `lad:entityType`, `lad:lei`, `lad:name`, `lad:parent`, `lad:sourceSystem`
- `lad:Instrument`: `rdf:type`, `rdfs:label`, `lad:currency`, `lad:description`, `lad:guarantor`, `lad:issuer`, `lad:maturity`, `lad:seniority`
- `lad:RatingAction`: `rdf:type`, `rdfs:label`, `lad:action`, `lad:ccyBasis`, `lad:comment`, `lad:date`, `lad:outlook`, `lad:ratedThing`, `lad:rating`, `lad:ratingType`, `lad:watch`
## Questions
Answer each question below from the data above. Start each answer on a new line with its
number in bold, like **Q1.**, give the direct answer first, then at most two sentences of
reasoning that cite the records (IDs) you relied on.
Then end with one JSON block (```json) holding the structured answer to each question listed
here, with exactly these fields, shaped like {"Q1": {"field": value}, ...}. Name entities by their record ID: the entity_id in the CSV files, or the part of the IRI after lad: in the RDF (E01, not Kestrel Energy plc).
- Q1: rating (a rating, or "none")
- Q2: downgraded ("yes", "no" or "depends")
- Q3: investment_grade ("yes", "no" or "depends"), rating (a rating, or "none")
- Q4: outlook (an outlook)
- Q5: risk_of (a record ID), rating (a rating, or "none")
- Q7: issuers (a list of record IDs)
- Q8: entities (a list of record IDs)
- Q9: count (a number)
- Q10: investment_grade ("yes", "no" or "depends")
- Q11: rating (a rating, or "none")
- Q12: rating (a rating, or "none")
- Q13: count (a number)
- Q14: rating (a rating, or "none")
- Q15: rating (a rating, or "none")
- Q16: changed ("yes", "no" or "depends")
- Q17: downgraded ("yes", "no" or "depends")
- Q18: issuers (a list of record IDs)
- Q19: issuers (a list of record IDs)
- Q20: in_default ("yes", "no" or "depends")
- Q21: entities (a list of record IDs)
- Q22: entities (a list of record IDs)
- Q23: rating (a rating, or "none")
- Q24: investment_grade ("yes", "no" or "depends")
- Q25: count (a number)
- Q26: rating (a rating, or "none")
- Q27: rating (a rating, or "none")
- Q28: rating (a rating, or "none")
- Q29: rating (a rating, or "none")
- Q30: entities (a list of record IDs)
- Q31: any ("yes", "no" or "depends")
- Q32: parent (a record ID)
- Q33: risk_of (a record ID), rating (a rating, or "none")
- Q34: same_group ("yes", "no" or "depends")
- Q35: count (a number)
- Q36: count (a number)
- Q37: count (a number)
- Q38: same ("yes", "no" or "depends")
- Q39: rating (a rating, or "none")
- Q40: count (a number)
- Q41: rating (a rating, or "none")
- Q42: country (a country code)
- Q43: count (a number)
- Q44: local_currency ("yes", "no" or "depends")
- Q45: above_ceiling ("yes", "no" or "depends")
- Q46: issuer_rating ("yes", "no" or "depends")
- Q47: rating (a rating, or "none")
- Q48: count (a number)
Q1. What was Kestrel Energy's rating on 1 January 2025?
Q2. Has Kestrel Energy been downgraded in 2026?
Q3. Is Kestrel Energy's 2031 note investment grade?
Q4. What is Northwind Holdings' current outlook?
Q5. Whose credit risk does a holder of the Northwind Finance 2030 notes take, and how is it rated?
Q6. Why is Valdoria Telecom's foreign-currency rating lower than its local-currency rating?
Q7. Which issuers were downgraded in 2026?
Q8. Which entities were in default on 1 October 2026?
Q9. As of 1 October 2026, how many distinct issuers hold an issuer rating?
Q10. Is Valdoria Telecom investment grade?
Q11. What was Marlow Utilities' rating on 1 June 2025?
Q12. What was Marlow Utilities' rating on 1 January 2024?
Q13. How many times has Marlow Utilities been downgraded?
Q14. What was Halden Foods' rating on 1 January 2024?
Q15. What was Halden Bank's rating on 1 January 2026?
Q16. Has Marlow Utilities' rating changed since 1 January 2025?
Q17. Was Orrin Bank downgraded in 2026?
Q18. Which issuers were on Rating Watch Negative on 1 October 2026?
Q19. Which issuers had a Negative outlook on 1 October 2026?
Q20. Is Pellam Retail in default?
Q21. Which entities had an issuer rating at some point but no longer had one on 1 October 2026?
Q22. Which entities have ever been in default?
Q23. What is Kestrel Energy's short-term rating?
Q24. Is Kestrel Energy's issuer rating investment grade?
Q25. How many instruments held an investment-grade rating on 1 October 2026?
Q26. What is Corvenia Power's local-currency rating?
Q27. How is Corvenia Power's 2032 note rated?
Q28. What is the Republic of Corvenia's foreign-currency issuer rating?
Q29. What is the Republic of Valdoria's issuer rating?
Q30. Which entities had a foreign-currency issuer rating exactly at their country's ceiling on 1 October 2026?
Q31. Did any company have a foreign-currency issuer rating above its country's ceiling on 1 October 2026?
Q32. Who is Halden Leasing's ultimate parent?
Q33. Whose credit risk does a holder of the Halden Leasing 2028 notes take, and how is it rated?
Q34. Is Halden Foods part of the same group as Halden Bank?
Q35. How many entities are in the Halden group, the parent included?
Q36. How many entities are in the Northwind group, the parent included?
Q37. How many distinct legal entities does the data describe?
Q38. Are Orrin Bank AG and Orrin Bancorp Inc the same entity?
Q39. What is Northwind Holdings' current rating?
Q40. How many distinct issuers domiciled in GB held an issuer rating on 1 October 2026?
Q41. What is Brindle Capital's current rating?
Q42. In which country is Halden Bank domiciled?
Q43. How many distinct entities are domiciled in Luxembourg (LU)?
Q44. Is Valdoria Telecom's 2027 note a local-currency obligation?
Q45. Is Valdoria Telecom's 2027 note rated above what Valdoria's Country Ceiling allows?
Q46. Does Halden Leasing have an issuer rating?
Q47. How is Corvenia Power's 2034 note rated?
Q48. How many instruments held a rating on 1 October 2026?The model
I'll start by exploring the data.
```sparql
SELECT ?s ?p ?o WHERE { ?s ?p ?o . ?s a lad:Entity } ORDER BY ?s ?p
```
```sparql
SELECT ?s ?p ?o WHERE { ?s ?p ?o . ?s a lad:Instrument } ORDER BY ?s ?p
```
```sparql
SELECT ?s ?p ?o WHERE { ?s ?p ?o . ?s a lad:RatingAction } ORDER BY ?s ?p
```
```sparql
SELECT ?s ?p ?o WHERE { ?s ?p ?o . FILTER NOT EXISTS { ?s a ?t . FILTER(?t IN (lad:Entity, lad:Instrument, lad:RatingAction)) } } LIMIT 300
```Query results
Query 1:
| s | p | o |
|---|---|---|
| lad:CV | rdf:type | lad:Entity |
| lad:CV | rdfs:label | Republic of Corvenia |
| lad:CV | lad:country | CV |
| lad:CV | lad:entityType | lad:etype-SOV |
| lad:CV | lad:name | Republic of Corvenia |
| lad:CV | lad:sourceSystem | RATINGS |
| lad:E01 | rdf:type | lad:Entity |
| lad:E01 | rdfs:label | Kestrel Energy plc |
| lad:E01 | lad:country | GB |
| lad:E01 | lad:entityType | lad:etype-CORP |
| lad:E01 | lad:lei | 7245002OOPBG04092E43 |
| lad:E01 | lad:name | Kestrel Energy plc |
| lad:E01 | lad:sourceSystem | RATINGS |
| lad:E02 | rdf:type | lad:Entity |
| lad:E02 | rdfs:label | Northwind Holdings plc |
| lad:E02 | lad:country | GB |
| lad:E02 | lad:entityType | lad:etype-CORP |
| lad:E02 | lad:lei | 213800PHEIYNJMHTDV74 |
| lad:E02 | lad:name | Northwind Holdings plc |
| lad:E02 | lad:sourceSystem | RATINGS |
| lad:E03 | rdf:type | lad:Entity |
| lad:E03 | rdfs:label | NORTHWIND HLDGS |
| lad:E03 | lad:country | GB |
| lad:E03 | lad:entityType | lad:etype-CORP |
| lad:E03 | lad:lei | 213800PHEIYNJMHTDV74 |
| lad:E03 | lad:name | NORTHWIND HLDGS |
| lad:E03 | lad:sourceSystem | RESEARCH |
| lad:E04 | rdf:type | lad:Entity |
| lad:E04 | rdfs:label | Northwind Finance BV |
| lad:E04 | lad:country | NL |
| lad:E04 | lad:entityType | lad:etype-FINSUB |
| lad:E04 | lad:lei | 213800LA5RYJLGXV2T85 |
| lad:E04 | lad:name | Northwind Finance BV |
| lad:E04 | lad:parent | lad:E02 |
| lad:E04 | lad:sourceSystem | RATINGS |
| lad:E05 | rdf:type | lad:Entity |
| lad:E05 | rdfs:label | Valdoria Telecom SA |
| lad:E05 | lad:country | VD |
| lad:E05 | lad:entityType | lad:etype-CORP |
| lad:E05 | lad:lei | 391200LESH03LMOY2U61 |
| lad:E05 | lad:name | Valdoria Telecom SA |
| lad:E05 | lad:sourceSystem | RATINGS |
| lad:E06 | rdf:type | lad:Entity |
| lad:E06 | rdfs:label | Orrin Bank AG |
| lad:E06 | lad:country | DE |
| lad:E06 | lad:entityType | lad:etype-BANK |
| lad:E06 | lad:lei | 549300AMVE3VRVG7HK43 |
| lad:E06 | lad:name | Orrin Bank AG |
| lad:E06 | lad:sourceSystem | RATINGS |
| lad:E07 | rdf:type | lad:Entity |
| lad:E07 | rdfs:label | Pellam Retail Ltd |
| lad:E07 | lad:country | GB |
| lad:E07 | lad:entityType | lad:etype-CORP |
| lad:E07 | lad:lei | 969500B6IUACELPI2291 |
| lad:E07 | lad:name | Pellam Retail Ltd |
| lad:E07 | lad:sourceSystem | RATINGS |
| lad:E08 | rdf:type | lad:Entity |
| lad:E08 | rdfs:label | Saxby Shipping SA |
| lad:E08 | lad:country | GR |
| lad:E08 | lad:entityType | lad:etype-CORP |
(2578 more rows not shown)
Query 2:
| s | p | o |
|---|---|---|
| lad:I01 | rdf:type | lad:Instrument |
| lad:I01 | rdfs:label | Kestrel Energy 4.50% 2030 |
| lad:I01 | lad:currency | GBP |
| lad:I01 | lad:description | Kestrel Energy 4.50% notes due 2030 |
| lad:I01 | lad:issuer | lad:E01 |
| lad:I01 | lad:maturity | 2030-03-15 |
| lad:I01 | lad:seniority | lad:seniority-SU |
| lad:I02 | rdf:type | lad:Instrument |
| lad:I02 | rdfs:label | Kestrel Energy 6.25% 2031 |
| lad:I02 | lad:currency | GBP |
| lad:I02 | lad:description | Kestrel Energy 6.25% notes due 2031 |
| lad:I02 | lad:issuer | lad:E01 |
| lad:I02 | lad:maturity | 2031-09-30 |
| lad:I02 | lad:seniority | lad:seniority-SUB |
| lad:I03 | rdf:type | lad:Instrument |
| lad:I03 | rdfs:label | Northwind Finance 3.75% 2030 |
| lad:I03 | lad:currency | EUR |
| lad:I03 | lad:description | Northwind Finance 3.75% notes due 2030 |
| lad:I03 | lad:guarantor | lad:E02 |
| lad:I03 | lad:issuer | lad:E04 |
| lad:I03 | lad:maturity | 2030-05-01 |
| lad:I03 | lad:seniority | lad:seniority-SU |
| lad:I04 | rdf:type | lad:Instrument |
| lad:I04 | rdfs:label | Valdoria Telecom 5.00% 2029 |
| lad:I04 | lad:currency | USD |
| lad:I04 | lad:description | Valdoria Telecom 5.00% notes due 2029 |
| lad:I04 | lad:issuer | lad:E05 |
| lad:I04 | lad:maturity | 2029-11-20 |
| lad:I04 | lad:seniority | lad:seniority-SU |
| lad:I05 | rdf:type | lad:Instrument |
| lad:I05 | rdfs:label | Halden Leasing 2.90% 2028 |
| lad:I05 | lad:currency | EUR |
| lad:I05 | lad:description | Halden Leasing 2.90% notes due 2028 |
| lad:I05 | lad:guarantor | lad:E10 |
| lad:I05 | lad:issuer | lad:E11 |
| lad:I05 | lad:maturity | 2028-06-30 |
| lad:I05 | lad:seniority | lad:seniority-SU |
| lad:I06 | rdf:type | lad:Instrument |
| lad:I06 | rdfs:label | Corvenia Power 7.10% 2032 |
| lad:I06 | lad:currency | USD |
| lad:I06 | lad:description | Corvenia Power 7.10% notes due 2032 |
| lad:I06 | lad:issuer | lad:E15 |
| lad:I06 | lad:maturity | 2032-02-15 |
| lad:I06 | lad:seniority | lad:seniority-SUB |
| lad:I07 | rdf:type | lad:Instrument |
| lad:I07 | rdfs:label | Valdoria Telecom 4.25% 2027 |
| lad:I07 | lad:currency | XVD |
| lad:I07 | lad:description | Valdoria Telecom 4.25% notes due 2027 |
| lad:I07 | lad:issuer | lad:E05 |
| lad:I07 | lad:maturity | 2027-08-31 |
| lad:I07 | lad:seniority | lad:seniority-SU |
| lad:I08 | rdf:type | lad:Instrument |
| lad:I08 | rdfs:label | Corvenia Power 6.00% 2034 |
| lad:I08 | lad:currency | USD |
| lad:I08 | lad:description | Corvenia Power 6.00% notes due 2034 |
| lad:I08 | lad:issuer | lad:E15 |
| lad:I08 | lad:maturity | 2034-09-01 |
| lad:I08 | lad:seniority | lad:seniority-SU |
| lad:I1001 | rdf:type | lad:Instrument |
| lad:I1001 | rdfs:label | Soson Airlines 5.50% 2031 |
(762 more rows not shown)
Query 3:
| s | p | o |
|---|---|---|
| lad:A01 | rdf:type | lad:RatingAction |
| lad:A01 | rdfs:label | E01 AS A- 2024-03-12 |
| lad:A01 | lad:action | lad:action-AS |
| lad:A01 | lad:ccyBasis | lad:basis-FC |
| lad:A01 | lad:date | 2024-03-12 |
| lad:A01 | lad:outlook | lad:outlook-STA |
| lad:A01 | lad:ratedThing | lad:E01 |
| lad:A01 | lad:rating | A- |
| lad:A01 | lad:ratingType | lad:type-LTIDR |
| lad:A02 | rdf:type | lad:RatingAction |
| lad:A02 | rdfs:label | E01 DG BBB 2025-06-20 |
| lad:A02 | lad:action | lad:action-DG |
| lad:A02 | lad:ccyBasis | lad:basis-FC |
| lad:A02 | lad:comment | weaker cash flow after asset sale |
| lad:A02 | lad:date | 2025-06-20 |
| lad:A02 | lad:outlook | lad:outlook-STA |
| lad:A02 | lad:ratedThing | lad:E01 |
| lad:A02 | lad:rating | BBB |
| lad:A02 | lad:ratingType | lad:type-LTIDR |
| lad:A03 | rdf:type | lad:RatingAction |
| lad:A03 | rdfs:label | E01 AF BBB 2026-02-10 |
| lad:A03 | lad:action | lad:action-AF |
| lad:A03 | lad:ccyBasis | lad:basis-FC |
| lad:A03 | lad:date | 2026-02-10 |
| lad:A03 | lad:outlook | lad:outlook-NEG |
| lad:A03 | lad:ratedThing | lad:E01 |
| lad:A03 | lad:rating | BBB |
| lad:A03 | lad:ratingType | lad:type-LTIDR |
| lad:A04 | rdf:type | lad:RatingAction |
| lad:A04 | rdfs:label | E01 AF F2 2026-02-10 |
| lad:A04 | lad:action | lad:action-AF |
| lad:A04 | lad:ccyBasis | lad:basis-FC |
| lad:A04 | lad:date | 2026-02-10 |
| lad:A04 | lad:ratedThing | lad:E01 |
| lad:A04 | lad:rating | F2 |
| lad:A04 | lad:ratingType | lad:type-STIDR |
| lad:A05 | rdf:type | lad:RatingAction |
| lad:A05 | rdfs:label | I01 AS A- 2024-03-12 |
| lad:A05 | lad:action | lad:action-AS |
| lad:A05 | lad:date | 2024-03-12 |
| lad:A05 | lad:ratedThing | lad:I01 |
| lad:A05 | lad:rating | A- |
| lad:A05 | lad:ratingType | lad:type-INST |
| lad:A06 | rdf:type | lad:RatingAction |
| lad:A06 | rdfs:label | I01 DG BBB 2025-06-20 |
| lad:A06 | lad:action | lad:action-DG |
| lad:A06 | lad:date | 2025-06-20 |
| lad:A06 | lad:ratedThing | lad:I01 |
| lad:A06 | lad:rating | BBB |
| lad:A06 | lad:ratingType | lad:type-INST |
| lad:A07 | rdf:type | lad:RatingAction |
| lad:A07 | rdfs:label | I02 DG BB+ 2025-06-20 |
| lad:A07 | lad:action | lad:action-DG |
| lad:A07 | lad:date | 2025-06-20 |
| lad:A07 | lad:ratedThing | lad:I02 |
| lad:A07 | lad:rating | BB+ |
| lad:A07 | lad:ratingType | lad:type-INST |
| lad:A08 | rdf:type | lad:RatingAction |
| lad:A08 | rdfs:label | E02 AS A 2023-11-01 |
| lad:A08 | lad:action | lad:action-AS |
(6767 more rows not shown)
Query 4:
(no rows)
Run more queries, or give the final answers.The model
<sparql>
SELECT ?s ?name ?c ?t ?par ?src ?lei WHERE { ?s a lad:Entity ; lad:name ?name ; lad:country ?c ; lad:entityType ?t ; lad:sourceSystem ?src . OPTIONAL{?s lad:parent ?par} OPTIONAL{?s lad:lei ?lei} } ORDER BY ?s LIMIT 400
```
```sparql
SELECT ?a ?thing ?type ?act ?r ?d ?o ?w ?b ?cm WHERE { ?a a lad:RatingAction ; lad:ratedThing ?thing ; lad:ratingType ?type ; lad:action ?act ; lad:rating ?r ; lad:date ?d . OPTIONAL{?a lad:outlook ?o} OPTIONAL{?a lad:watch ?w} OPTIONAL{?a lad:ccyBasis ?b} OPTIONAL{?a lad:comment ?cm} FILTER(?thing IN (lad:E01, lad:I01, lad:I02, lad:E02, lad:E03, lad:E04, lad:I03, lad:E05, lad:I04, lad:I07)) } ORDER BY ?thing ?d
```Query results
Query 1:
| a | thing | type | act | r | d | o | w | b | cm |
|---|---|---|---|---|---|---|---|---|---|
| lad:A01 | lad:E01 | lad:type-LTIDR | lad:action-AS | A- | 2024-03-12 | lad:outlook-STA | | lad:basis-FC | |
| lad:A02 | lad:E01 | lad:type-LTIDR | lad:action-DG | BBB | 2025-06-20 | lad:outlook-STA | | lad:basis-FC | weaker cash flow after asset sale |
| lad:A03 | lad:E01 | lad:type-LTIDR | lad:action-AF | BBB | 2026-02-10 | lad:outlook-NEG | | lad:basis-FC | |
| lad:A04 | lad:E01 | lad:type-STIDR | lad:action-AF | F2 | 2026-02-10 | | | lad:basis-FC | |
| lad:A08 | lad:E02 | lad:type-LTIDR | lad:action-AS | A | 2023-11-01 | lad:outlook-STA | | lad:basis-FC | |
| lad:A09 | lad:E03 | lad:type-LTIDR | lad:action-AF | A | 2025-09-15 | lad:outlook-POS | | lad:basis-FC | |
| lad:A13 | lad:E05 | lad:type-LTIDR | lad:action-AS | BBB- | 2025-04-01 | lad:outlook-STA | | lad:basis-LC | |
| lad:A14 | lad:E05 | lad:type-LTIDR | lad:action-AS | BB | 2025-04-01 | lad:outlook-STA | | lad:basis-FC | |
| lad:A05 | lad:I01 | lad:type-INST | lad:action-AS | A- | 2024-03-12 | | | | |
| lad:A06 | lad:I01 | lad:type-INST | lad:action-DG | BBB | 2025-06-20 | | | | |
| lad:A23 | lad:I02 | lad:type-INST | lad:action-AS | BBB | 2024-03-12 | | | | |
| lad:A07 | lad:I02 | lad:type-INST | lad:action-DG | BB+ | 2025-06-20 | | | | |
| lad:A10 | lad:I03 | lad:type-INST | lad:action-AS | A | 2023-11-01 | | | | |
| lad:A11 | lad:I03 | lad:type-INST | lad:action-AF | A | 2025-09-15 | | | | |
| lad:A15 | lad:I04 | lad:type-INST | lad:action-AS | BB | 2025-04-01 | | | | |
| lad:A45 | lad:I07 | lad:type-INST | lad:action-AS | BBB- | 2025-04-01 | | | | |
Run more queries, or give the final answers.The model
```sparql
SELECT ?s ?name ?c ?t ?par ?src ?lei WHERE { ?s a lad:Entity ; lad:name ?name ; lad:country ?c ; lad:entityType ?t ; lad:sourceSystem ?src . OPTIONAL{?s lad:parent ?par} OPTIONAL{?s lad:lei ?lei} FILTER(regex(?name,"Halden|Marlow|Orrin|Pellam|Corvenia|Brindle|Valdoria|Northwind|NORTHWIND|Kestrel","i") || ?c IN ("LU","CV","VD")) } ORDER BY ?s
```
```sparql
SELECT ?i ?l ?cur ?iss ?g WHERE { ?i a lad:Instrument ; rdfs:label ?l ; lad:currency ?cur ; lad:issuer ?iss . OPTIONAL{?i lad:guarantor ?g} FILTER(regex(?l,"Halden|Marlow|Orrin|Pellam|Corvenia|Brindle|Valdoria","i")) } ORDER BY ?i
```
```sparql
SELECT ?a ?thing ?type ?act ?r ?d ?o ?w ?b ?cm WHERE { ?a a lad:RatingAction ; lad:ratedThing ?thing ; lad:ratingType ?type ; lad:action ?act ; lad:rating ?r ; lad:date ?d . OPTIONAL{?a lad:outlook ?o} OPTIONAL{?a lad:watch ?w} OPTIONAL{?a lad:ccyBasis ?b} OPTIONAL{?a lad:comment ?cm} FILTER(?thing IN (lad:E06,lad:E07,lad:CV,lad:E15,lad:E10,lad:E11,lad:E09,lad:E12,lad:E13,lad:E14,lad:E16,lad:E17,lad:E18,lad:E19,lad:E20,lad:I05,lad:I06,lad:I08)) } ORDER BY ?thing ?d
```Query results
Query 1:
| s | name | c | t | par | src | lei |
|---|---|---|---|---|---|---|
| lad:CV | Republic of Corvenia | CV | lad:etype-SOV | | RATINGS | |
| lad:E01 | Kestrel Energy plc | GB | lad:etype-CORP | | RATINGS | 7245002OOPBG04092E43 |
| lad:E02 | Northwind Holdings plc | GB | lad:etype-CORP | | RATINGS | 213800PHEIYNJMHTDV74 |
| lad:E03 | NORTHWIND HLDGS | GB | lad:etype-CORP | | RESEARCH | 213800PHEIYNJMHTDV74 |
| lad:E04 | Northwind Finance BV | NL | lad:etype-FINSUB | lad:E02 | RATINGS | 213800LA5RYJLGXV2T85 |
| lad:E05 | Valdoria Telecom SA | VD | lad:etype-CORP | | RATINGS | 391200LESH03LMOY2U61 |
| lad:E06 | Orrin Bank AG | DE | lad:etype-BANK | | RATINGS | 549300AMVE3VRVG7HK43 |
| lad:E07 | Pellam Retail Ltd | GB | lad:etype-CORP | | RATINGS | 969500B6IUACELPI2291 |
| lad:E09 | Halden Group plc | GB | lad:etype-CORP | | RATINGS | 815600ASM9EHDG931T89 |
| lad:E10 | Halden Bank AG | DE | lad:etype-BANK | lad:E09 | RATINGS | 391200QYPVFF2O9K2039 |
| lad:E1019 | Losol Mining SA | CV | lad:etype-CORP | | RATINGS | 391200GSFO0F68KKUC67 |
| lad:E1028 | Mutir Retail SA | VD | lad:etype-CORP | | RATINGS | 213800TJ32NARU0BI982 |
| lad:E1039 | Pulor Airlines SA | CV | lad:etype-BANK | | RATINGS | 969500HA9D5I7F73PW83 |
| lad:E1059 | Kelim Media SA | CV | lad:etype-CORP | lad:E1015 | RATINGS | 549300CRXZL5I1OT6L14 |
| lad:E1060 | KELIM MEDIA SA | CV | lad:etype-CORP | | RESEARCH | 549300CRXZL5I1OT6L14 |
| lad:E1071 | Mored Utilities SA | CV | lad:etype-CORP | | RATINGS | 213800CG5LUFZKTQXL65 |
| lad:E1096 | Ravon Capital SA | CV | lad:etype-CORP | | RATINGS | 549300NTCTGRKRYIAN83 |
| lad:E1097 | RAVON CAPITAL SA | CV | lad:etype-CORP | | RESEARCH | 549300NTCTGRKRYIAN83 |
| lad:E11 | Halden Leasing SA | FR | lad:etype-FINSUB | lad:E10 | RATINGS | 549300XBZH4ULO9MQV55 |
| lad:E1101 | Doror Telecom SA | VD | lad:etype-CORP | lad:E1083 | RATINGS | 815600YUVYKAXDN9LE93 |
| lad:E1106 | Reril Pharma SA | VD | lad:etype-BANK | | RATINGS | 724500MTRZ5RNJAKRB00 |
| lad:E1126 | Goter Capital SA | VD | lad:etype-BANK | | RATINGS | 213800QG4ZGLWRUBIQ31 |
| lad:E1136 | Lenom Shipping SA | CV | lad:etype-CORP | | RATINGS | 391200C93222W97BIT34 |
| lad:E1144 | Witan Logistics SA | CV | lad:etype-CORP | | RATINGS | 213800QV7J1EXLC4YX51 |
| lad:E1185 | Tosal Property SA | CV | lad:etype-CORP | | RATINGS | 724500H78R8WU6K0T524 |
| lad:E1194 | Litem Industries SA | CV | lad:etype-CORP | | RATINGS | 815600GVTRTKVHG8BO41 |
| lad:E12 | Halden Foods Ltd | GB | lad:etype-CORP | | RATINGS | 213800IJDL4OJ4DG5T19 |
| lad:E1217 | Worol Logistics SA | CV | lad:etype-CORP | | RATINGS | 815600AJPH2BBLTIYW38 |
| lad:E1223 | Hilim Shipping SA | CV | lad:etype-CORP | | RATINGS | 549300DESCLQXTLMLJ26 |
| lad:E1229 | Fetam Mining SA | CV | lad:etype-BANK | | RATINGS | 549300GJM0MMFEH84V77 |
| lad:E1236 | Nitel Retail SA | VD | lad:etype-BANK | | RATINGS | 3912002FNTE1EKOY9W74 |
| lad:E1243 | Herar Foods SA | CV | lad:etype-BANK | | RATINGS | 2138008SWUJK7JUSMR14 |
| lad:E1245 | Gater Holdings SA | CV | lad:etype-CORP | | RATINGS | 815600LRX1P8142NMF42 |
| lad:E1279 | Denim Water SA | VD | lad:etype-CORP | | RATINGS | 8156000D8CUMX9DLYO45 |
| lad:E1283 | Norad Airlines SA | CV | lad:etype-CORP | | RATINGS | 724500B6N6CB70KO0R91 |
| lad:E13 | Orrin Bancorp Inc | US | lad:etype-BANK | | RATINGS | 815600O8X8K2F154N214 |
| lad:E1304 | Peson Shipping SA | CV | lad:etype-CORP | | RATINGS | 969500BPQVYYSLHHCK81 |
| lad:E1307 | Vevom Retail SA | VD | lad:etype-CORP | | RATINGS | 969500CNC5SOCN5K2N29 |
| lad:E1313 | Divim Holdings SA | VD | lad:etype-BANK | | RATINGS | 213800P5J80HH9LC8L85 |
| lad:E14 | Marlow Utilities plc | GB | lad:etype-CORP | | RATINGS | 3912005AH2C1I9YF8106 |
| lad:E15 | Corvenia Power SA | CV | lad:etype-CORP | | RATINGS | 213800PBQVHVBBH6GV02 |
| lad:E16 | Brindle Capital Ltd | GB | lad:etype-CORP | | QA | 5493003Z3PXXR7KNFM81 |
| lad:E17 | HALDEN BANK | LU | lad:etype-BANK | | RESEARCH | 391200QYPVFF2O9K2039 |
| lad:VD | Republic of Valdoria | VD | lad:etype-SOV | | RATINGS | |
Query 2:
| i | l | cur | iss | g |
|---|---|---|---|---|
| lad:I04 | Valdoria Telecom 5.00% 2029 | USD | lad:E05 | |
| lad:I05 | Halden Leasing 2.90% 2028 | EUR | lad:E11 | lad:E10 |
| lad:I06 | Corvenia Power 7.10% 2032 | USD | lad:E15 | |
| lad:I07 | Valdoria Telecom 4.25% 2027 | XVD | lad:E05 | |
| lad:I08 | Corvenia Power 6.00% 2034 | USD | lad:E15 | |
Query 3:
| a | thing | type | act | r | d | o | w | b | cm |
|---|---|---|---|---|---|---|---|---|---|
| lad:A37 | lad:CV | lad:type-CC | lad:action-AS | A | 2024-01-01 | | | | |
| lad:A38 | lad:CV | lad:type-LTIDR | lad:action-AS | BBB+ | 2024-01-01 | lad:outlook-STA | | lad:basis-FC | |
| lad:A39 | lad:CV | lad:type-LTIDR | lad:action-AS | A- | 2024-01-01 | lad:outlook-STA | | lad:basis-LC | |
| lad:A16 | lad:E06 | lad:type-LTIDR | lad:action-AS | A- | 2024-05-01 | lad:outlook-STA | | lad:basis-FC | |
| lad:A17 | lad:E06 | lad:type-LTIDR | lad:action-RW | A- | 2026-09-03 | | lad:watch-RWN | lad:basis-FC | |
| lad:A18 | lad:E07 | lad:type-LTIDR | lad:action-AS | BB | 2024-01-10 | lad:outlook-STA | | lad:basis-FC | |
| lad:A19 | lad:E07 | lad:type-LTIDR | lad:action-WD | WD | 2026-05-12 | | | lad:basis-FC | commercial reasons |
| lad:A24 | lad:E09 | lad:type-LTIDR | lad:action-AS | A | 2023-05-01 | lad:outlook-STA | | lad:basis-FC | |
| lad:A25 | lad:E09 | lad:type-LTIDR | lad:action-AF | A | 2026-03-01 | lad:outlook-NEG | | lad:basis-FC | |
| lad:A26 | lad:E10 | lad:type-LTIDR | lad:action-AS | A- | 2023-05-01 | lad:outlook-STA | | lad:basis-FC | support from parent |
| lad:A27 | lad:E10 | lad:type-LTIDR | lad:action-DG | BBB+ | 2026-04-15 | lad:outlook-STA | | lad:basis-FC | |
| lad:A46 | lad:E11 | lad:type-CO | lad:action-AS | BBB | 2025-02-01 | | | | |
| lad:A30 | lad:E12 | lad:type-LTIDR | lad:action-AS | BB- | 2024-02-01 | lad:outlook-STA | | lad:basis-FC | |
| lad:A31 | lad:E12 | lad:type-LTIDR | lad:action-UG | BB | 2025-08-01 | lad:outlook-STA | | lad:basis-FC | |
| lad:A32 | lad:E13 | lad:type-LTIDR | lad:action-AS | BBB | 2024-07-01 | lad:outlook-STA | | lad:basis-FC | |
| lad:A34 | lad:E14 | lad:type-LTIDR | lad:action-AS | A- | 2023-01-15 | lad:outlook-STA | | lad:basis-FC | |
| lad:A36 | lad:E14 | lad:type-LTIDR | lad:action-DG | BBB+ | 2024-09-30 | lad:outlook-STA | | lad:basis-FC | |
| lad:A35 | lad:E14 | lad:type-LTIDR | lad:action-RW | BBB+ | 2025-11-20 | | lad:watch-RWN | lad:basis-FC | |
| lad:A33 | lad:E14 | lad:type-LTIDR | lad:action-AF | BBB+ | 2026-05-01 | lad:outlook-STA | | lad:basis-FC | |
| lad:A40 | lad:E15 | lad:type-LTIDR | lad:action-AS | A+ | 2024-03-01 | lad:outlook-STA | | lad:basis-LC | |
| lad:A41 | lad:E15 | lad:type-LTIDR | lad:action-AS | A | 2024-03-01 | lad:outlook-STA | | lad:basis-FC | |
| lad:A43 | lad:E16 | lad:type-LTIDR | lad:action-AS | BBB- | 2024-04-01 | lad:outlook-STA | | lad:basis-FC | |
| lad:A44 | lad:E16 | lad:type-LTIDR | lad:action-DG | BB+ | 2026-06-01 | lad:outlook-STA | | lad:basis-FC | |
| lad:A28 | lad:I05 | lad:type-INST | lad:action-AS | A- | 2023-06-01 | | | | |
| lad:A29 | lad:I05 | lad:type-INST | lad:action-DG | BBB+ | 2026-04-15 | | | | |
| lad:A42 | lad:I06 | lad:type-INST | lad:action-AS | A- | 2024-03-01 | | | | |
| lad:A47 | lad:I08 | lad:type-INST | lad:action-EX | A | 2026-09-01 | | | | |
Run more queries, or give the final answers.The model
```sparql
SELECT ?a ?thing ?act ?r ?d ?cm WHERE { ?a lad:ratedThing ?thing ; lad:action ?act ; lad:rating ?r ; lad:date ?d . OPTIONAL{?a lad:comment ?cm} FILTER(?act IN (lad:action-DG, lad:action-WD, lad:action-EX) || ?r IN ("D","RD","SD","C","WD")) FILTER(?d >= "2026-01-01"^^xsd:date || ?r IN ("D","RD","SD")) } ORDER BY ?d
```
```sparql
SELECT ?e ?name ?c ?b ?r ?o ?w ?d WHERE { ?a lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:rating ?r ; lad:date ?d . ?e a lad:Entity ; lad:name ?name ; lad:country ?c . OPTIONAL{?a lad:ccyBasis ?b} OPTIONAL{?a lad:outlook ?o} OPTIONAL{?a lad:watch ?w} FILTER(?d <= "2026-10-01"^^xsd:date) FILTER NOT EXISTS { ?a2 lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:date ?d2 . FILTER(?d2 > ?d) OPTIONAL{?a2 lad:ccyBasis ?b2} FILTER(COALESCE(STR(?b2),"") = COALESCE(STR(?b),"")) } FILTER(?r != "WD") FILTER(?o = lad:outlook-NEG || ?w = lad:watch-RWN || ?e IN (lad:E05,lad:E15,lad:CV,lad:VD,lad:E07,lad:E17)) } ORDER BY ?e
```
```sparql
SELECT (COUNT(DISTINCT ?e) AS ?n) WHERE { ?a lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:rating ?r ; lad:date ?d . ?e a lad:Entity . FILTER(?d <= "2026-10-01"^^xsd:date) FILTER NOT EXISTS { ?a2 lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:date ?d2 . FILTER(?d2 > ?d) } FILTER(?r != "WD") }
```
```sparql
SELECT (COUNT(DISTINCT ?i) AS ?n) (COUNT(DISTINCT ?ig) AS ?nig) WHERE { ?a lad:ratedThing ?i ; lad:ratingType lad:type-INST ; lad:rating ?r ; lad:date ?d . ?i a lad:Instrument . FILTER(?d <= "2026-10-01"^^xsd:date) FILTER NOT EXISTS { ?a2 lad:ratedThing ?i ; lad:ratingType lad:type-INST ; lad:date ?d2 . FILTER(?d2 > ?d) } FILTER(?r != "WD") BIND(IF(?r IN ("AAA","AA+","AA","AA-","A+","A","A-","BBB+","BBB","BBB-"),?i,?unb) AS ?ig) }
```
```sparql
SELECT ?e ?name ?c ?lei WHERE { ?e a lad:Entity ; lad:name ?name ; lad:country ?c . OPTIONAL{?e lad:lei ?lei} FILTER(?c IN ("LU","GB")) } ORDER BY ?c ?e
```
```sparql
SELECT (COUNT(?e) AS ?n) (COUNT(DISTINCT ?lei) AS ?nlei) (SUM(IF(BOUND(?lei),0,1)) AS ?nolei) WHERE { ?e a lad:Entity . OPTIONAL{?e lad:lei ?lei} }
```Query results
Query 1:
| a | thing | act | r | d | cm |
|---|---|---|---|---|---|
| lad:A1395 | lad:E1186 | lad:action-DG | BBB+ | 2026-01-04 | |
| lad:A1516 | lad:E1243 | lad:action-DG | BB | 2026-01-13 | |
| lad:A1545 | lad:E1255 | lad:action-DG | BBB+ | 2026-01-19 | |
| lad:A21 | lad:E08 | lad:action-DG | CCC | 2026-01-20 | |
| lad:A1326 | lad:E1151 | lad:action-DG | BBB | 2026-01-26 | |
| lad:A1636 | lad:E1299 | lad:action-DG | BBB | 2026-02-06 | |
| lad:A1660 | lad:E1307 | lad:action-DG | BB- | 2026-02-08 | |
| lad:A1450 | lad:E1213 | lad:action-DG | A- | 2026-02-13 | |
| lad:A1174 | lad:E1080 | lad:action-DG | A- | 2026-02-14 | |
| lad:A1608 | lad:E1285 | lad:action-DG | A | 2026-02-17 | |
| lad:A1244 | lad:E1112 | lad:action-DG | BBB | 2026-02-20 | |
| lad:A1339 | lad:E1158 | lad:action-WD | WD | 2026-02-27 | commercial reasons |
| lad:A1561 | lad:E1263 | lad:action-DG | BBB | 2026-03-03 | |
| lad:A1140 | lad:E1064 | lad:action-DG | BBB+ | 2026-03-04 | |
| lad:A1732 | lad:E1347 | lad:action-DG | BBB- | 2026-03-10 | |
| lad:A1371 | lad:E1172 | lad:action-WD | WD | 2026-03-12 | commercial reasons |
| lad:A1357 | lad:I1049 | lad:action-EX | BB- | 2026-03-17 | |
| lad:A1726 | lad:E1344 | lad:action-DG | A- | 2026-03-18 | |
| lad:A1734 | lad:E1348 | lad:action-DG | BBB- | 2026-03-18 | |
| lad:A1350 | lad:E1163 | lad:action-DG | BB+ | 2026-03-19 | |
| lad:A1109 | lad:E1053 | lad:action-DG | BB | 2026-03-20 | |
| lad:A1332 | lad:E1155 | lad:action-WD | WD | 2026-03-22 | commercial reasons |
| lad:A1650 | lad:E1303 | lad:action-WD | WD | 2026-03-26 | commercial reasons |
| lad:A1102 | lad:E1051 | lad:action-DG | A+ | 2026-04-05 | |
| lad:A1639 | lad:E1300 | lad:action-DG | BBB+ | 2026-04-09 | |
| lad:A1462 | lad:E1219 | lad:action-WD | WD | 2026-04-11 | commercial reasons |
| lad:A27 | lad:E10 | lad:action-DG | BBB+ | 2026-04-15 | |
| lad:A29 | lad:I05 | lad:action-DG | BBB+ | 2026-04-15 | |
| lad:A1070 | lad:E1034 | lad:action-DG | BBB+ | 2026-05-02 | |
| lad:A1482 | lad:E1229 | lad:action-DG | BB | 2026-05-06 | |
| lad:A1640 | lad:E1300 | lad:action-DG | BBB | 2026-05-06 | |
| lad:A19 | lad:E07 | lad:action-WD | WD | 2026-05-12 | commercial reasons |
| lad:A1345 | lad:I1046 | lad:action-EX | B+ | 2026-05-18 | |
| lad:A1459 | lad:E1218 | lad:action-WD | WD | 2026-05-22 | commercial reasons |
| lad:A1033 | lad:I1008 | lad:action-EX | B+ | 2026-05-23 | |
| lad:A1104 | lad:E1051 | lad:action-DG | A+ | 2026-06-01 | |
| lad:A44 | lad:E16 | lad:action-DG | BB+ | 2026-06-01 | |
| lad:A1481 | lad:E1229 | lad:action-DG | BB+ | 2026-06-02 | |
| lad:A1310 | lad:E1144 | lad:action-DG | B+ | 2026-06-06 | |
| lad:A1341 | lad:E1159 | lad:action-DG | BBB+ | 2026-06-16 | |
| lad:A1451 | lad:E1213 | lad:action-DG | BBB+ | 2026-06-16 | |
| lad:A1562 | lad:E1263 | lad:action-DG | BBB- | 2026-06-16 | |
| lad:A1122 | lad:E1057 | lad:action-DG | BB | 2026-06-25 | |
| lad:A1718 | lad:E1340 | lad:action-DG | BBB+ | 2026-06-26 | |
| lad:A1013 | lad:E1007 | lad:action-WD | WD | 2026-06-27 | commercial reasons |
| lad:A1479 | lad:E1228 | lad:action-DG | BB+ | 2026-06-28 | |
| lad:A22 | lad:E08 | lad:action-DG | RD | 2026-07-08 | distressed debt exchange completed |
| lad:A1627 | lad:E1294 | lad:action-DG | A+ | 2026-07-11 | |
| lad:A1127 | lad:E1058 | lad:action-DG | BBB- | 2026-07-14 | |
| lad:A1722 | lad:E1342 | lad:action-DG | BBB+ | 2026-07-17 | |
| lad:A1051 | lad:I1012 | lad:action-EX | A- | 2026-07-22 | |
| lad:A1202 | lad:E1093 | lad:action-DG | B | 2026-07-25 | |
| lad:A1344 | lad:E1161 | lad:action-DG | B | 2026-07-28 | |
| lad:A1724 | lad:E1343 | lad:action-DG | BBB+ | 2026-08-08 | |
| lad:A1366 | lad:E1170 | lad:action-DG | BB- | 2026-08-16 | |
| lad:A1620 | lad:E1290 | lad:action-DG | B | 2026-08-16 | |
| lad:A47 | lad:I08 | lad:action-EX | A | 2026-09-01 | |
| lad:A1738 | lad:E1350 | lad:action-DG | BB | 2026-09-03 | |
| lad:A1360 | lad:E1167 | lad:action-DG | BB | 2026-09-07 | |
| lad:A1067 | lad:E1032 | lad:action-WD | WD | 2026-09-15 | commercial reasons |
(12 more rows not shown)
Query 2:
| e | name | c | b | r | o | w | d |
|---|---|---|---|---|---|---|---|
| lad:CV | Republic of Corvenia | CV | lad:basis-FC | BBB+ | lad:outlook-STA | | 2024-01-01 |
| lad:CV | Republic of Corvenia | CV | lad:basis-LC | A- | lad:outlook-STA | | 2024-01-01 |
| lad:E01 | Kestrel Energy plc | GB | lad:basis-FC | BBB | lad:outlook-NEG | | 2026-02-10 |
| lad:E05 | Valdoria Telecom SA | VD | lad:basis-LC | BBB- | lad:outlook-STA | | 2025-04-01 |
| lad:E05 | Valdoria Telecom SA | VD | lad:basis-FC | BB | lad:outlook-STA | | 2025-04-01 |
| lad:E06 | Orrin Bank AG | DE | lad:basis-FC | A- | | lad:watch-RWN | 2026-09-03 |
| lad:E09 | Halden Group plc | GB | lad:basis-FC | A | lad:outlook-NEG | | 2026-03-01 |
| lad:E1005 | Setan Airlines Inc | US | lad:basis-FC | BB | lad:outlook-NEG | | 2025-08-02 |
| lad:E1006 | Soson Airlines Inc | US | lad:basis-FC | AA | | lad:watch-RWN | 2026-06-17 |
| lad:E1013 | Pisol Pharma BV | NL | lad:basis-FC | BB- | | lad:watch-RWN | 2025-07-09 |
| lad:E1019 | Losol Mining SA | CV | lad:basis-LC | BBB- | | lad:watch-RWN | 2024-03-20 |
| lad:E1029 | Leson Telecom Inc | US | lad:basis-FC | A- | lad:outlook-NEG | | 2025-08-08 |
| lad:E1034 | Tanad Capital SpA | IT | lad:basis-FC | BBB+ | lad:outlook-NEG | | 2026-05-02 |
| lad:E1037 | Natil Retail SA | FR | lad:basis-FC | A | | lad:watch-RWN | 2022-05-07 |
| lad:E1039 | Pulor Airlines SA | CV | lad:basis-FC | A | | lad:watch-RWN | 2025-12-09 |
| lad:E1046 | Ditin Shipping Inc | US | lad:basis-FC | AA- | lad:outlook-NEG | | 2025-05-28 |
| lad:E1055 | Muran Property plc | GB | lad:basis-FC | BBB- | lad:outlook-NEG | | 2024-12-04 |
| lad:E1056 | Duver Shipping SpA | IT | lad:basis-FC | A+ | lad:outlook-NEG | | 2023-01-01 |
| lad:E1059 | Kelim Media SA | CV | lad:basis-LC | BB- | | lad:watch-RWN | 2026-02-23 |
| lad:E1060 | KELIM MEDIA SA | CV | lad:basis-FC | BB- | lad:outlook-NEG | | 2025-02-16 |
| lad:E1061 | Dotan Retail AG | DE | lad:basis-FC | A | | lad:watch-RWN | 2025-06-06 |
| lad:E1064 | Renil Media BV | NL | lad:basis-FC | A- | lad:outlook-NEG | | 2026-06-03 |
| lad:E1066 | Lolil Industries SA | ES | lad:basis-FC | A- | | lad:watch-RWN | 2026-05-03 |
| lad:E1072 | Delil Chemicals plc | GB | lad:basis-FC | BB- | lad:outlook-NEG | | 2026-02-07 |
| lad:E1079 | Nevar Property plc | GB | lad:basis-FC | BB+ | lad:outlook-NEG | | 2024-01-26 |
| lad:E1080 | Gatad Property Inc | US | lad:basis-FC | A- | lad:outlook-NEG | | 2026-02-14 |
| lad:E1088 | Koved Holdings SA | FR | lad:basis-FC | B+ | | lad:watch-RWN | 2024-01-16 |
| lad:E1098 | Wirim Water Inc | US | lad:basis-FC | BBB- | | lad:watch-RWN | 2026-04-28 |
| lad:E1099 | Nasad Shipping SA | FR | lad:basis-FC | BB+ | | lad:watch-RWN | 2023-11-05 |
| lad:E1105 | Betin Pharma SA | GR | lad:basis-FC | A+ | lad:outlook-NEG | | 2024-01-13 |
| lad:E1109 | Susal Energy BV | NL | lad:basis-FC | A+ | | lad:watch-RWN | 2025-12-25 |
| lad:E1118 | Reter Shipping AG | DE | lad:basis-FC | BB+ | lad:outlook-NEG | | 2025-07-14 |
| lad:E1126 | Goter Capital SA | VD | lad:basis-FC | BB | | lad:watch-RWN | 2025-07-10 |
| lad:E1132 | Deler Logistics Inc | US | lad:basis-FC | B+ | | lad:watch-RWN | 2025-08-24 |
| lad:E1133 | Sorir Water Inc | US | lad:basis-FC | B+ | | lad:watch-RWN | 2025-10-11 |
| lad:E1146 | Taril Industries Inc | US | lad:basis-FC | BB | | lad:watch-RWN | 2025-08-12 |
| lad:E1158 | Nular Energy SA | ES | lad:basis-FC | BBB | lad:outlook-NEG | | 2026-08-14 |
| lad:E1161 | DILED STEEL SA | FR | lad:basis-FC | B | lad:outlook-NEG | | 2026-07-28 |
| lad:E1168 | Fivan Holdings Inc | US | lad:basis-FC | BBB- | | lad:watch-RWN | 2023-10-12 |
| lad:E1181 | Mosal Logistics SpA | IT | lad:basis-FC | A- | | lad:watch-RWN | 2025-01-06 |
| lad:E1188 | Molar Shipping SA | GR | lad:basis-FC | BB- | lad:outlook-NEG | | 2024-09-05 |
| lad:E1190 | Piran Logistics plc | GB | lad:basis-FC | BBB | lad:outlook-NEG | | 2025-05-24 |
| lad:E1194 | Litem Industries SA | CV | lad:basis-FC | A | | lad:watch-RWN | 2025-01-20 |
| lad:E1203 | Fusir Steel AG | DE | lad:basis-FC | BBB+ | | lad:watch-RWN | 2023-09-02 |
| lad:E1210 | MALID MINING SPA | DE | lad:basis-FC | BB | | lad:watch-RWN | 2024-09-09 |
| lad:E1211 | Cinam Energy plc | GB | lad:basis-FC | BBB- | lad:outlook-NEG | | 2024-09-26 |
| lad:E1228 | Cevad Chemicals plc | GB | lad:basis-FC | BB+ | lad:outlook-NEG | | 2026-06-28 |
| lad:E1238 | Wevin Capital SA | GR | lad:basis-FC | AA- | | lad:watch-RWN | 2026-07-27 |
| lad:E1242 | Botin Logistics SpA | IT | lad:basis-FC | BBB | | lad:watch-RWN | 2025-09-11 |
| lad:E1248 | Hivod Mining Inc | US | lad:basis-FC | A- | lad:outlook-NEG | | 2026-05-02 |
| lad:E1260 | Votim Industries Inc | US | lad:basis-FC | BBB- | | lad:watch-RWN | 2025-09-05 |
| lad:E1262 | MUNAM WATER SA | ES | lad:basis-FC | B+ | lad:outlook-NEG | | 2024-10-13 |
| lad:E1263 | Sotin Property Inc | US | lad:basis-FC | BBB- | lad:outlook-NEG | | 2026-06-16 |
| lad:E1264 | Devam Water plc | GB | lad:basis-FC | B+ | | lad:watch-RWN | 2024-05-18 |
| lad:E1266 | Culed Chemicals BV | NL | lad:basis-FC | BBB | | lad:watch-RWN | 2026-07-20 |
| lad:E1267 | Gutin Water SA | FR | lad:basis-FC | A- | | lad:watch-RWN | 2023-12-15 |
| lad:E1271 | Rarid Logistics AG | DE | lad:basis-FC | A- | lad:outlook-NEG | | 2025-10-15 |
| lad:E1282 | Falan Mining Inc | US | lad:basis-FC | BB+ | lad:outlook-NEG | | 2024-03-20 |
| lad:E1294 | Runor Media SpA | IT | lad:basis-FC | A+ | lad:outlook-NEG | | 2026-07-11 |
| lad:E1297 | Kotim Pharma SpA | IT | lad:basis-FC | BBB | | lad:watch-RWN | 2026-09-01 |
(15 more rows not shown)
Query 3:
| n |
|---|
| 288 |
Query 4:
| n | nig |
|---|---|
| 112 | 69 |
Query 5:
| e | name | c | lei |
|---|---|---|---|
| lad:E01 | Kestrel Energy plc | GB | 7245002OOPBG04092E43 |
| lad:E02 | Northwind Holdings plc | GB | 213800PHEIYNJMHTDV74 |
| lad:E03 | NORTHWIND HLDGS | GB | 213800PHEIYNJMHTDV74 |
| lad:E07 | Pellam Retail Ltd | GB | 969500B6IUACELPI2291 |
| lad:E09 | Halden Group plc | GB | 815600ASM9EHDG931T89 |
| lad:E1003 | Rilol Telecom plc | GB | 3912009W4J483WB8PZ97 |
| lad:E1007 | Golod Property plc | GB | 815600N2UAHQREHHWF76 |
| lad:E1008 | Sotil Retail plc | GB | 213800RPNJ2OSQ387M40 |
| lad:E1021 | Niner Pharma plc | GB | 391200KLG6G4KVIMIU52 |
| lad:E1022 | NINER PHARMA | GB | 391200KLG6G4KVIMIU52 |
| lad:E1023 | Heled Water plc | GB | 3912006FHXTH5V6WNK07 |
| lad:E1043 | Vitom Property plc | GB | 5493007IVTPIWJZLFF29 |
| lad:E1047 | Vaved Pharma plc | GB | 391200WGA8OE30KZUD08 |
| lad:E1049 | Paser Utilities plc | GB | 391200R2EH7FELZFOV27 |
| lad:E1055 | Muran Property plc | GB | 724500WWWM8KJ2Q08398 |
| lad:E1057 | Batan Foods plc | GB | 2138009BPHEDKSZHFF68 |
| lad:E1062 | Puver Shipping plc | GB | 549300QT2LSIX31F9O17 |
| lad:E1070 | Valon Foods plc | GB | 213800HFIA87YIFJMK56 |
| lad:E1072 | Delil Chemicals plc | GB | 969500W1RDU3ZPX1YB94 |
| lad:E1074 | Kuron Steel plc | GB | 3912006TI0YGHZXX0R89 |
| lad:E1079 | Nevar Property plc | GB | 5493000MDIWO1KHI0272 |
| lad:E1083 | Senir Mining plc | GB | 213800OK3464E1I8MT49 |
| lad:E1093 | Nulil Airlines plc | GB | 969500IYLWO8RRIOIL83 |
| lad:E1094 | Rever Airlines plc | GB | 969500RR7OZYXQG3H145 |
| lad:E1114 | Verod Logistics plc | GB | 213800VNSK3FDUWI9Q67 |
| lad:E1115 | Piren Foods plc | GB | 724500MTPRXFHT68GB84 |
| lad:E1116 | Hener Energy plc | GB | 391200JN4T4KY2HCRU75 |
| lad:E1117 | HENER ENERGY | GB | 391200JN4T4KY2HCRU75 |
| lad:E1122 | Gesed Capital plc | GB | 391200ACJQ1TIF3U6I69 |
| lad:E1123 | Suler Water plc | GB | 815600M9GYQA4WWV6W37 |
| lad:E1124 | Dolom Steel plc | GB | 815600NAKDQJ2L7WWJ01 |
| lad:E1128 | Lunel Media plc | GB | 9695008ZNRDSQ5T1SG98 |
| lad:E1135 | Bosar Retail plc | GB | 549300C138N2A3615Y70 |
| lad:E1141 | Larid Steel plc | GB | 391200W47D7VYX9MFZ96 |
| lad:E1152 | Kivel Property plc | GB | 549300E50JHDJNBUGF22 |
| lad:E1153 | KIVEL PROPERTY | GB | 549300E50JHDJNBUGF22 |
| lad:E1169 | Seren Telecom plc | GB | 549300XV49ES64RGNQ00 |
| lad:E1170 | SEREN TELECOM | GB | 549300XV49ES64RGNQ00 |
| lad:E1176 | Navor Holdings plc | GB | 8156009KMEPDX5HOT275 |
| lad:E1178 | Vuvel Airlines plc | GB | 213800OE6A1LJDGIKA27 |
| lad:E1183 | Danad Pharma plc | GB | 96950015W720OD9VIA28 |
| lad:E1184 | Gavom Airlines plc | GB | 549300FC2Z3B4E5GEQ28 |
| lad:E1189 | Divid Property plc | GB | 549300EK7E9K0SBA9583 |
| lad:E1190 | Piran Logistics plc | GB | 549300ENXJ8RIUXUHZ80 |
| lad:E1193 | Geson Industries plc | GB | 815600XCZ1DW0R3UPV62 |
| lad:E1195 | Lenam Industries plc | GB | 5493006Q9GZQ3SSPKD32 |
| lad:E1196 | Norin Holdings plc | GB | 815600TWQWCHVZCRGX36 |
| lad:E1197 | Kaval Property plc | GB | 8156000IN4HMEEM2ON82 |
| lad:E12 | Halden Foods Ltd | GB | 213800IJDL4OJ4DG5T19 |
| lad:E1200 | Ganid Holdings plc | GB | 724500L96DLBJOLSDZ06 |
| lad:E1211 | Cinam Energy plc | GB | 2138006JVQYZA2IAU357 |
| lad:E1221 | Nolor Airlines plc | GB | 969500UNOYV72E8TPM83 |
| lad:E1224 | Serom Mining plc | GB | 7245008Z90UQ7BI0C100 |
| lad:E1226 | Huvel Telecom plc | GB | 724500FIVWDYH3PC6Q57 |
| lad:E1228 | Cevad Chemicals plc | GB | 724500JFK718P3DNW233 |
| lad:E1231 | Ralir Pharma plc | GB | 815600F5LE0N42IQ6631 |
| lad:E1237 | Lisid Capital plc | GB | 391200FPZ6MLSMQPC418 |
| lad:E1256 | Poven Airlines plc | GB | 549300NRX9W7B8DIPZ84 |
| lad:E1264 | Devam Water plc | GB | 549300HH75F3NXLKV336 |
| lad:E1278 | Bavil Chemicals plc | GB | 815600LDQIUCNNTOL286 |
(33 more rows not shown)
Query 6:
| n | nlei | nolei |
|---|---|---|
| 370 | 342 | 2 |
Run more queries, or give the final answers.The model
```sparql
SELECT ?a ?e ?act ?r ?d WHERE { ?a lad:ratedThing ?e ; lad:action ?act ; lad:rating ?r ; lad:date ?d . FILTER(?r IN ("D","RD","SD","C","DD") || ?e IN (lad:E08)) } ORDER BY ?e ?d
```
```sparql
SELECT (GROUP_CONCAT(DISTINCT STRAFTER(STR(?e),"ladder/");separator=" ") AS ?dg) WHERE { ?a lad:ratedThing ?e ; lad:action lad:action-DG ; lad:date ?d . ?e a lad:Entity . FILTER(?d >= "2026-01-01"^^xsd:date && ?d <= "2026-12-31"^^xsd:date) }
```
```sparql
SELECT (GROUP_CONCAT(DISTINCT STRAFTER(STR(?e),"ladder/");separator=" ") AS ?rwn) WHERE { ?a lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:date ?d ; lad:watch lad:watch-RWN . ?e a lad:Entity . FILTER(?d <= "2026-10-01"^^xsd:date) FILTER NOT EXISTS { ?a2 lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:date ?d2 . FILTER(?d2 > ?d) OPTIONAL{?a2 lad:ccyBasis ?b2} OPTIONAL{?a lad:ccyBasis ?b} FILTER(COALESCE(STR(?b2),"") = COALESCE(STR(?b),"")) FILTER(?d2 <= "2026-10-01"^^xsd:date) } }
```
```sparql
SELECT (GROUP_CONCAT(DISTINCT STRAFTER(STR(?e),"ladder/");separator=" ") AS ?neg) WHERE { ?a lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:date ?d ; lad:outlook lad:outlook-NEG . ?e a lad:Entity . FILTER(?d <= "2026-10-01"^^xsd:date) FILTER NOT EXISTS { ?a2 lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:date ?d2 . FILTER(?d2 > ?d) OPTIONAL{?a2 lad:ccyBasis ?b2} OPTIONAL{?a lad:ccyBasis ?b} FILTER(COALESCE(STR(?b2),"") = COALESCE(STR(?b),"")) FILTER(?d2 <= "2026-10-01"^^xsd:date) } }
```
```sparql
SELECT ?a ?e ?type ?r ?d ?b WHERE { ?a lad:ratedThing ?e ; lad:ratingType ?type ; lad:rating ?r ; lad:date ?d . OPTIONAL{?a lad:ccyBasis ?b} FILTER(?e IN (lad:VD, lad:E17, lad:E11, lad:E12, lad:E13, lad:E14) || ?type = lad:type-CC) } ORDER BY ?e ?d
```
```sparql
SELECT ?e ?c WHERE { ?e a lad:Entity ; lad:country ?c . FILTER(?c="LU") }
```Query results
Query 1:
| a | e | act | r | d |
|---|---|---|---|---|
| lad:A20 | lad:E08 | lad:action-AS | B | 2024-06-01 |
| lad:A21 | lad:E08 | lad:action-DG | CCC | 2026-01-20 |
| lad:A22 | lad:E08 | lad:action-DG | RD | 2026-07-08 |
Query 2:
| dg |
|---|
| E1034 E1051 E1053 E1057 E1058 E1064 E1080 E1093 E1112 E1144 E1151 E1159 E1161 E1163 E1167 E1170 E1186 E1213 E1228 E1229 E1243 E1255 E1263 E1285 E1290 E1294 E1299 E1300 E1307 E1340 E1341 E1342 E1343 E1344 E1345 E1346 E1347 E1348 E1349 E1350 E1351 E08 E10 E16 |
Query 3:
| rwn |
|---|
| E1006 E1013 E1019 E1037 E1039 E1059 E1061 E1066 E1088 E1098 E1099 E1109 E1126 E1132 E1133 E1146 E1168 E1181 E1194 E1203 E1210 E1238 E1242 E1260 E1264 E1266 E1267 E1297 E1314 E1317 E1323 E06 |
Query 4:
| neg |
|---|
| E01 E1005 E1029 E1034 E1046 E1055 E1056 E1060 E1064 E1072 E1079 E1080 E1105 E1118 E1158 E1161 E1188 E1190 E1211 E1228 E1248 E1262 E1263 E1271 E1282 E1294 E1300 E1340 E1342 E1343 E1344 E1345 E1347 E1348 E1350 E1351 E09 |
Query 5:
| a | e | type | r | d | b |
|---|---|---|---|---|---|
| lad:A37 | lad:CV | lad:type-CC | A | 2024-01-01 | |
| lad:A46 | lad:E11 | lad:type-CO | BBB | 2025-02-01 | |
| lad:A30 | lad:E12 | lad:type-LTIDR | BB- | 2024-02-01 | lad:basis-FC |
| lad:A31 | lad:E12 | lad:type-LTIDR | BB | 2025-08-01 | lad:basis-FC |
| lad:A32 | lad:E13 | lad:type-LTIDR | BBB | 2024-07-01 | lad:basis-FC |
| lad:A34 | lad:E14 | lad:type-LTIDR | A- | 2023-01-15 | lad:basis-FC |
| lad:A36 | lad:E14 | lad:type-LTIDR | BBB+ | 2024-09-30 | lad:basis-FC |
| lad:A35 | lad:E14 | lad:type-LTIDR | BBB+ | 2025-11-20 | lad:basis-FC |
| lad:A33 | lad:E14 | lad:type-LTIDR | BBB+ | 2026-05-01 | lad:basis-FC |
| lad:A12 | lad:VD | lad:type-CC | BB | 2025-04-01 | |
Query 6:
| e | c |
|---|---|
| lad:E17 | LU |
Run more queries, or give the final answers.The model
I need a few more queries to settle the counts and lists that were truncated.
```sparql
SELECT (COUNT(DISTINCT ?lk) AS ?n) WHERE { ?a lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:rating ?r ; lad:date ?d . ?e a lad:Entity ; lad:country ?c . OPTIONAL{?e lad:lei ?l} BIND(COALESCE(?l,STR(?e)) AS ?lk) FILTER(?d <= "2026-10-01"^^xsd:date) FILTER NOT EXISTS { ?a2 lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:date ?d2 . FILTER(?d2 > ?d && ?d2 <= "2026-10-01"^^xsd:date) } FILTER(?r != "WD") }
```
```sparql
SELECT (COUNT(DISTINCT ?lk) AS ?n) WHERE { ?a lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:rating ?r ; lad:date ?d . ?e a lad:Entity ; lad:country "GB" . OPTIONAL{?e lad:lei ?l} BIND(COALESCE(?l,STR(?e)) AS ?lk) FILTER(?d <= "2026-10-01"^^xsd:date) FILTER NOT EXISTS { ?a2 lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:date ?d2 . FILTER(?d2 > ?d && ?d2 <= "2026-10-01"^^xsd:date) } FILTER(?r != "WD") }
```
```sparql
SELECT (GROUP_CONCAT(DISTINCT STRAFTER(STR(?e),"ladder/");separator=" ") AS ?lost) WHERE { ?a lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR . ?e a lad:Entity . FILTER NOT EXISTS { ?a3 lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:date ?d3 ; lad:rating ?r3 . FILTER(?d3 <= "2026-10-01"^^xsd:date && ?r3 != "WD") FILTER NOT EXISTS { ?a4 lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:date ?d4 . FILTER(?d4 > ?d3 && ?d4 <= "2026-10-01"^^xsd:date) } } }
```
```sparql
SELECT (COUNT(DISTINCT ?i) AS ?n) WHERE { ?a lad:ratedThing ?i ; lad:ratingType lad:type-INST ; lad:rating ?r ; lad:date ?d . ?i a lad:Instrument . FILTER(?d <= "2026-10-01"^^xsd:date) FILTER NOT EXISTS { ?a2 lad:ratedThing ?i ; lad:ratingType lad:type-INST ; lad:date ?d2 . FILTER(?d2 > ?d && ?d2 <= "2026-10-01"^^xsd:date) } FILTER(?r != "WD" && ?r != "NR") }
```
```sparql
SELECT ?e ?c ?r ?d WHERE { ?a lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:ccyBasis lad:basis-FC ; lad:rating ?r ; lad:date ?d . ?e a lad:Entity ; lad:country ?c . FILTER(?c IN ("CV","VD")) FILTER(?d <= "2026-10-01"^^xsd:date) FILTER NOT EXISTS { ?a2 lad:ratedThing ?e ; lad:ratingType lad:type-LTIDR ; lad:ccyBasis lad:basis-FC ; lad:date ?d2 . FILTER(?d2 > ?d && ?d2 <= "2026-10-01"^^xsd:date) } } ORDER BY ?c ?e
```Query results
Query 1:
| n |
|---|
| 289 |
Query 2:
| n |
|---|
| 74 |
Query 3:
| lost |
|---|
| E1002 E1007 E1021 E1032 E1041 E1048 E1057 E1062 E1063 E1076 E1084 E1106 E1107 E1121 E1124 E1138 E1140 E1155 E1159 E1166 E1172 E1200 E1205 E1206 E1218 E1219 E1225 E1233 E1234 E1244 E1254 E1277 E1279 E1308 E1316 E1320 E07 |
Query 4:
| n |
|---|
| 112 |
Query 5:
| e | c | r | d |
|---|---|---|---|
| lad:CV | CV | BBB+ | 2024-01-01 |
| lad:E1019 | CV | BB+ | 2022-12-11 |
| lad:E1039 | CV | A | 2025-12-09 |
| lad:E1060 | CV | BB- | 2025-02-16 |
| lad:E1071 | CV | B+ | 2023-01-11 |
| lad:E1096 | CV | BBB | 2024-04-04 |
| lad:E1136 | CV | A- | 2023-07-04 |
| lad:E1144 | CV | B+ | 2026-06-06 |
| lad:E1185 | CV | BB+ | 2025-02-28 |
| lad:E1194 | CV | A | 2025-01-20 |
| lad:E1217 | CV | BB- | 2025-09-07 |
| lad:E1223 | CV | BB+ | 2023-08-20 |
| lad:E1229 | CV | BB+ | 2026-06-02 |
| lad:E1243 | CV | BB | 2026-08-19 |
| lad:E1245 | CV | B+ | 2025-09-11 |
| lad:E1283 | CV | BB | 2024-11-03 |
| lad:E1304 | CV | BB | 2026-07-25 |
| lad:E15 | CV | A | 2024-03-01 |
| lad:E05 | VD | BB | 2025-04-01 |
| lad:E1028 | VD | BB | 2025-12-25 |
| lad:E1101 | VD | BB | 2022-10-26 |
| lad:E1106 | VD | B+ | 2024-10-26 |
| lad:E1126 | VD | BB | 2025-07-10 |
| lad:E1236 | VD | BB | 2023-09-17 |
| lad:E1279 | VD | WD | 2024-11-17 |
| lad:E1307 | VD | BB- | 2026-09-25 |
| lad:E1313 | VD | BB- | 2025-09-02 |
Run more queries, or give the final answers.The model
```sparql
SELECT ?x ?l WHERE { ?x rdfs:label ?l . FILTER(STRSTARTS(STR(?x),"https://example.org/ladder/action-") || STRSTARTS(STR(?x),"https://example.org/ladder/type-") || STRSTARTS(STR(?x),"https://example.org/ladder/basis-")) }
```
```sparql
SELECT ?a ?type ?b ?r ?o ?d WHERE { ?a lad:ratedThing lad:VD ; lad:ratingType ?type ; lad:rating ?r ; lad:date ?d . OPTIONAL{?a lad:ccyBasis ?b} OPTIONAL{?a lad:outlook ?o} }
```
```sparql
SELECT (COUNT(DISTINCT ?i) AS ?nEX) WHERE { ?a lad:ratedThing ?i ; lad:ratingType lad:type-INST ; lad:rating ?r ; lad:date ?d ; lad:action lad:action-EX . ?i a lad:Instrument . FILTER(?d <= "2026-10-01"^^xsd:date) FILTER NOT EXISTS { ?a2 lad:ratedThing ?i ; lad:ratingType lad:type-INST ; lad:date ?d2 . FILTER(?d2 > ?d && ?d2 <= "2026-10-01"^^xsd:date) } }
```Query results
Query 1:
(no rows)
Query 2:
| a | type | b | r | o | d |
|---|---|---|---|---|---|
| lad:A12 | lad:type-CC | | BB | | 2025-04-01 |
Query 3:
| nEX |
|---|
| 6 |
Run more queries, or give the final answers.The model
I need one more check on the expired instrument ratings before the final counts.
```sparql
SELECT (COUNT(DISTINCT ?i) AS ?n) (COUNT(DISTINCT ?ig) AS ?nig) WHERE { ?a lad:ratedThing ?i ; lad:ratingType lad:type-INST ; lad:rating ?r ; lad:date ?d ; lad:action ?act . ?i a lad:Instrument . FILTER(?d <= "2026-10-01"^^xsd:date) FILTER NOT EXISTS { ?a2 lad:ratedThing ?i ; lad:ratingType lad:type-INST ; lad:date ?d2 . FILTER(?d2 > ?d && ?d2 <= "2026-10-01"^^xsd:date) } FILTER(?act NOT IN (lad:action-EX, lad:action-WD)) FILTER(?r != "WD") BIND(IF(?r IN ("AAA","AA+","AA","AA-","A+","A","A-","BBB+","BBB","BBB-"),?i,?unb) AS ?ig) }
```Query results
Query 1:
| n | nig |
|---|---|
| 106 | 66 |
This was the last round: give the final answers now, with no more queries.The model
**Q1.** A-. E01's A- (A01, 2024-03-12) was still in force until the downgrade to BBB (A02) on 2025-06-20.
**Q2.** No. The only 2026 action on E01 was an affirmation at BBB with a Negative outlook (A03, 2026-02-10).
**Q3.** No, BB+. I02 was downgraded from BBB to BB+ on 2025-06-20 (A07), which is sub-investment grade.
**Q4.** Positive. E03 is the same entity as E02 (same LEI) and carries the later action, A09 (2025-09-15, A, Positive), which supersedes A08 (Stable).
**Q5.** E02, rated A. I03 is issued by E04 but guaranteed by E02, so the holder takes E02's credit risk (A08/A09, I03 rated A).
**Q6.** Valdoria's Country Ceiling is BB (A12), which caps foreign-currency ratings. E05's foreign-currency rating is BB (A14) against BBB- in local currency (A13).
**Q7.** 44 issuers had a downgrade action in 2026, listed in the JSON, including E08, E10 and E16. This includes duplicate records such as E1170, which is a research copy of E1169.
**Q8.** E08. It was downgraded to RD on 2026-07-08 (A22), and E07's withdrawal (A19) is not a default.
**Q9.** 289. This counts distinct LEIs with a latest long-term issuer rating that is not a withdrawal, as of 2026-10-01, so duplicate records are merged. The count includes the two sovereigns, CV and VD, and it is sensitive to that choice.
**Q10.** Depends. E05 is BBB- (investment grade) in local currency but BB (not investment grade) in foreign currency (A13/A14).
**Q11.** BBB+. E14 was downgraded to BBB+ on 2024-09-30 (A36), and the 2025-11-20 action (A35) was only a watch.
**Q12.** A-. E14 held A- from A34 (2023-01-15) until A36.
**Q13.** 1. The only downgrade of E14 is A36.
**Q14.** None. E12's first rating (A30) is dated 2024-02-01, after the requested date.
**Q15.** A-. E10 was A- (A26) until the downgrade to BBB+ on 2026-04-15 (A27). E17 is a research duplicate of E10, since it shares E10's LEI.
**Q16.** No. E14 was BBB+ on 2025-01-01 and is still BBB+ (A36, A35, A33).
**Q17.** No. E06's only 2026 action is a Rating Watch Negative at A- (A17), not a downgrade.
**Q18.** 32 issuers, listed in the JSON, including E06.
**Q19.** 37 issuers, listed in the JSON, including E01 and E09.
**Q20.** No. E07's rating was withdrawn for commercial reasons (A19), which is not a default.
**Q21.** 37 entities, listed in the JSON, including E07. Their latest rating before 2026-10-01 is a withdrawal, or they had no valid rating by that date.
**Q22.** E08 only. It was downgraded to CCC (A21) and then to RD (A22).
**Q23.** F2 (A04).
**Q24.** Yes. E01's issuer rating is BBB (A03).
**Q25.** 66. This counts instruments whose latest rating is investment grade, excluding expired or withdrawn ratings.
**Q26.** A+ (A40, local-currency basis).
**Q27.** A- (A42).
**Q28.** BBB+ (A38).
**Q29.** None. VD has only a Country Ceiling of BB (A12), not an issuer rating.
**Q30.** E15 and E1039 and E1194 at the CV ceiling of A, plus E05, E1028, E1101, E1126 and E1236 at the VD ceiling of BB.
**Q31.** No. No company in CV or VD has a foreign-currency rating above its country's ceiling of A and BB respectively.
**Q32.** E09. E11's parent is E10, and E10's parent is E09.
**Q33.** E10, rated BBB+. I05 is issued by E11 but guaranteed by E10, whose issuer rating (A27) and I05's rating (A29) are both BBB+.
**Q34.** No. E12 has no parent link, whereas E10 sits under E09.
**Q35.** 3: E09, E10 and E11. E17 is a duplicate of E10.
**Q36.** 2: E02 and E04. E03 is a duplicate of E02.
**Q37.** 344. There are 370 entity records with 342 distinct LEIs, and the two sovereigns have no LEI.
**Q38.** No. They have different LEIs, countries (E06 DE, E13 US) and entity records.
**Q39.** A. E02 and E03 are the same entity, and the latest action (A09) affirmed A.
**Q40.** 74. This counts distinct LEIs among GB-domiciled entities with a valid issuer rating as of 2026-10-01.
**Q41.** BB+. E16 was downgraded from BBB- on 2026-06-01 (A44).
**Q42.** DE. E10 is domiciled in Germany; E17's LU record is a research duplicate with the same LEI.
**Q43.** 1. Only the record E17 is LU, and it appears to duplicate E10, so this depends on whether duplicates count.
**Q44.** Yes. I07 is denominated in XVD, Valdoria's local currency.
**Q45.** No. I07 is rated BBB- (A45), above the BB ceiling, but the ceiling applies to foreign-currency ratings and I07 is a local-currency obligation.
**Q46.** No. E11 has only a Corporate Obligation rating of BBB (A46), not an issuer rating.
**Q47.** None. I08's A rating was expired on 2026-09-01 (A47).
**Q48.** 106. This counts instruments with a current, non-expired and non-withdrawn rating on 2026-10-01.
```json
{
"Q1":{"rating":"A-"},
"Q2":{"downgraded":"no"},
"Q3":{"investment_grade":"no","rating":"BB+"},
"Q4":{"outlook":"Positive"},
"Q5":{"risk_of":"E02","rating":"A"},
"Q7":{"issuers":["E1034","E1051","E1053","E1057","E1058","E1064","E1080","E1093","E1112","E1144","E1151","E1159","E1161","E1163","E1167","E1170","E1186","E1213","E1228","E1229","E1243","E1255","E1263","E1285","E1290","E1294","E1299","E1300","E1307","E1340","E1341","E1342","E1343","E1344","E1345","E1346","E1347","E1348","E1349","E1350","E1351","E08","E10","E16"]},
"Q8":{"entities":["E08"]},
"Q9":{"count":289},
"Q10":{"investment_grade":"depends"},
"Q11":{"rating":"BBB+"},
"Q12":{"rating":"A-"},
"Q13":{"count":1},
"Q14":{"rating":"none"},
"Q15":{"rating":"A-"},
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}
```