Q31, run 2026-11-04-1738-sonnet

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Did any company have a foreign-currency issuer rating above its country's ceiling on 1 October 2026?

Tests: Ceilings: the sovereign's own rating can be below its ceiling, and a local-currency rating above it.

Expected: any = no

✅ R1 csv run 1 graded by code

No. No VD or CV company has an FC rating above BB or A respectively. Local-currency ratings above the ceiling, such as E1039's AA- (A1081), are not a breach.

JSON: {"any": "no"}

✅ R1 csv run 2 graded by code

No. No foreign-currency rating exceeds the VD (BB) or CV (A) ceiling, and the data gives no ceilings for other countries.

JSON: {"any": "no"}

✅ R1 csv run 3 graded by code

No. No foreign-currency rating exceeds BB for VD or A for CV; E1039's local-currency AA- (A81) is not a foreign-currency rating.

JSON: {"any": "no"}

✅ R1 csv run 4 graded by code

No. No Valdoria or Corvenia company has a foreign-currency rating above BB or A respectively.

JSON: {"any": "no"}

✅ R1 csv run 5 graded by code

No. No Valdoria or Corvenia company has a foreign-currency rating above its ceiling. E1039's AA- is a local-currency rating (A81), and its foreign-currency rating is A.

JSON: {"any": "no"}

✅ R4 csv+markdown run 1 graded by code

No. No VD entity has an FC rating above BB, and no CV entity has one above A.

JSON: {"any": "no"}

✅ R4 csv+markdown run 2 graded by code

No. No VD or CV entity's FC rating is above its ceiling.

JSON: {"any": "no"}

✅ R4 csv+markdown run 3 graded by code

No. Every foreign-currency rating in VD or CV is at or below its ceiling.

JSON: {"any": "no"}

✅ R4 csv+markdown run 4 graded by code

No. No VD or CV company has a latest FC rating above its ceiling; E1039 and E1194 sit exactly at A, and E1039's AA- is local-currency, which is not capped.

JSON: {"any": "no"}

✅ R4 csv+markdown run 5 graded by code

No. No VD or CV company has an FC rating above its ceiling (BB or A).

JSON: {"any": "no"}

✅ R10 executed run 1 graded by code

No. No CV entity is above A and no VD entity is above BB.

JSON: {"any": "no"}

✅ R10 executed run 2 graded by code

No. No CV entity is above A and no VD entity is above BB.

JSON: {"any": "no"}

✅ R10 executed run 3 graded by code

No. No foreign-currency rating exceeds the A ceiling for CV or the BB ceiling for VD.

JSON: {"any": "no"}

✅ R10 executed run 4 graded by code

No. No CV company is above A and no VD company is above BB.

JSON: {"any": "no"}

✅ R10 executed run 5 graded by code

No. No CV entity is rated above A and no VD entity above BB in foreign currency.

JSON: {"any": "no"}