Q46, run 2026-11-04-1738-sonnet

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Does Halden Leasing have an issuer rating?

Tests: Local type: a credit opinion (CO) is not a rating.

Expected: issuer_rating = no

✅ R1 csv run 1 graded by code

No. E11 has no LTIDR, only a CO record (A46, BBB), which the data does not define as an issuer rating.

JSON: {"issuer_rating": "no"}

✅ R1 csv run 2 graded by code

No. E11 has only a CO rating (A46) and no LTIDR.

JSON: {"issuer_rating": "no"}

✅ R1 csv run 3 graded by code

No. E11 has only a counterparty rating (A46, CO).

JSON: {"issuer_rating": "no"}

✅ R1 csv run 4 graded by code

No. E11 has only a counterparty rating (A46, CO, BBB), not an issuer rating.

JSON: {"issuer_rating": "no"}

✅ R1 csv run 5 graded by code

No. E11 only has a CO rating (A46), not an LTIDR.

JSON: {"issuer_rating": "no"}

✅ R4 csv+markdown run 1 graded by code

No. E11 only has a Credit Opinion (A46), which is not an issuer rating.

JSON: {"issuer_rating": "no"}

✅ R4 csv+markdown run 2 graded by code

No. E11 has only a Credit Opinion (A46), which is not an issuer rating.

JSON: {"issuer_rating": "no"}

✅ R4 csv+markdown run 3 graded by code

No. E11 has only a credit opinion (A46), which is not a rating.

JSON: {"issuer_rating": "no"}

✅ R4 csv+markdown run 4 graded by code

No. E11 has only a credit opinion (A46, CO), which is not an issuer rating.

JSON: {"issuer_rating": "no"}

✅ R4 csv+markdown run 5 graded by code

No. E11 is a finance subsidiary with only a credit opinion (A46), which is not a rating.

JSON: {"issuer_rating": "no"}

✅ R10 executed run 1 graded by code

No. E11 has no rows in ratings.csv. Only I05 is rated, and it takes E10's credit risk.

JSON: {"issuer_rating": "no"}

✅ R10 executed run 2 graded by code

No. E11 has no rating records of its own; its notes are rated through the guarantor E10.

JSON: {"issuer_rating": "no"}

✅ R10 executed run 3 graded by code

No. E11 has no rating rows; I05 is rated on E10's credit.

JSON: {"issuer_rating": "no"}

✅ R10 executed run 4 graded by code

No. E11 has no ratings of its own; I05 is rated through guarantor E10.

JSON: {"issuer_rating": "no"}

✅ R10 executed run 5 graded by code

No. E11 has no rating rows; I05 is rated through its guarantor E10.

JSON: {"issuer_rating": "no"}