Q10, run 2026-11-04-1738-sonnet

← back to the run

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

✅ R1 csv run 1 graded by code

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

JSON: {"investment_grade": "depends"}

✅ R1 csv run 2 graded by code

Depends. E05's foreign-currency rating is BB (non-investment grade, A14) and its local-currency rating is BBB- (investment grade, A13).

JSON: {"investment_grade": "depends"}

✅ R1 csv run 3 graded by code

Depends. Local currency is BBB- (investment grade, A13) and foreign currency is BB (not investment grade, A14).

JSON: {"investment_grade": "depends"}

✅ R1 csv run 4 graded by code

Depends on currency basis. A13 gives local currency BBB- (investment grade) and A14 gives foreign currency BB (not).

JSON: {"investment_grade": "depends"}

✅ R1 csv run 5 graded by code

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

JSON: {"investment_grade": "depends"}

✅ R4 csv+markdown run 1 graded by code

Depends. E05's FC rating is BB (speculative grade, A14) and its LC rating is BBB- (investment grade, A13).

JSON: {"investment_grade": "depends"}

✅ R4 csv+markdown run 2 graded by code

Depends. E05's FC rating is BB (speculative) but its LC rating is BBB- (investment grade) (A13, A14).

JSON: {"investment_grade": "depends"}

✅ R4 csv+markdown run 3 graded by code

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

JSON: {"investment_grade": "depends"}

✅ R4 csv+markdown run 4 graded by code

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

JSON: {"investment_grade": "depends"}

✅ R4 csv+markdown run 5 graded by code

Depends. E05's foreign-currency rating is BB (speculative grade, A14) and its local-currency rating is BBB- (investment grade, A13).

JSON: {"investment_grade": "depends"}

✅ R10 executed run 1 graded by code

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

JSON: {"investment_grade": "depends"}

✅ R10 executed run 2 graded by code

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

JSON: {"investment_grade": "depends"}

✅ R10 executed run 3 graded by code

Depends on the currency basis. E05's foreign-currency rating is BB (not investment grade) and its local-currency rating is BBB- (investment grade).

JSON: {"investment_grade": "depends"}

✅ R10 executed run 4 graded by code

Depends. E05 is BB in foreign currency, which is not investment grade, and BBB- in local currency, which is.

JSON: {"investment_grade": "depends"}

✅ R10 executed run 5 graded by code

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

JSON: {"investment_grade": "depends"}