Q29, run 2026-11-05-2135-haiku

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What is the Republic of Valdoria's issuer rating?

Tests: Ceilings: Valdoria has a Country Ceiling and no issuer rating.

Expected: rating = none

✅ R1 csv run 1 graded by code

None
VD has only a country-ceiling record (CC BB, A12) and no LTIDR.

JSON: {"rating": "none"}

✅ R1 csv run 2 graded by code

None. Valdoria (VD) has only a Country Ceiling rating of BB (A12), not an issuer rating.

JSON: {"rating": "none"}

✅ R1 csv run 3 graded by code

None. VD has only a CC-type rating (BB, A12), not an LTIDR issuer rating; BB is its country ceiling.

JSON: {"rating": "none"}

✅ R1 csv run 4 graded by code

None. The Republic of Valdoria (VD) has only a country ceiling rating of BB (A12), not an issuer rating.

JSON: {"rating": "none"}

✅ R1 csv run 5 graded by code

None. The Republic of Valdoria (VD) has only a country ceiling of BB (A12), not an issuer rating.

JSON: {"rating": "none"}

✅ R2 rdf run 1 graded by code

None. The only VD record is A12, typed CC and rated BB, which appears to be the country ceiling rather than an issuer rating.

JSON: {"rating": "none"}

❌ R2 rdf run 2 graded by code

BB. The Republic of Valdoria has A12 (BB), but that record is a country-ceiling type (CC) rating, not an LTIDR.

JSON: {"rating": "BB"}

Why: rating: expected none, got BB

❌ R2 rdf run 3 graded by code

BB. The Republic of Valdoria (VD) record (A12) is rated BB. Its ratingType is CC, which I am reading as a country-ceiling record.

JSON: {"rating": "BB"}

Why: rating: expected none, got BB

✅ R2 rdf run 4 graded by code

None. Republic of Valdoria (VD) has only a CC-type rating of BB (A12). I read CC as Country Ceiling, not an issuer rating.

JSON: {"rating": "none"}

❌ R2 rdf run 5 graded by code

BB. VD's only rating is A12 (BB), but it is typed CC rather than LTIDR, so the issuer-rating status is ambiguous.

JSON: {"rating": "BB"}

Why: rating: expected none, got BB

✅ R6 rdf+ontology run 1 graded by code

None.
VD has only a Country Ceiling (A12, BB), which is not an issuer rating.

JSON: {"rating": "none"}

✅ R6 rdf+ontology run 2 graded by code

None. The Republic of Valdoria (VD) has only a Country Ceiling of BB (A12), which is not an issuer rating.

JSON: {"rating": "none"}

✅ R6 rdf+ontology run 3 graded by code

None. VD has only a Country Ceiling (A12, type CC, BB), which is not an issuer rating.

JSON: {"rating": "none"}

✅ R6 rdf+ontology run 4 graded by code

None. Valdoria's only entry is A12 (Country Ceiling BB), which is not an issuer rating.

JSON: {"rating": "none"}

✅ R6 rdf+ontology run 5 graded by code

None
VD has only a Country Ceiling (A12, CC BB), which is not a sovereign issuer rating.

JSON: {"rating": "none"}

✅ R5 csv+ontology run 1 graded by code

None. VD has only a Country Ceiling (A12, BB), which is not an issuer rating.

JSON: {"rating": "none"}

✅ R5 csv+ontology run 2 graded by code

None. The Republic of Valdoria (VD) has only a Country Ceiling (A12), and a ceiling is not an issuer rating.

JSON: {"rating": "none"}

✅ R5 csv+ontology run 3 graded by code

None
VD has only a Country Ceiling (A12, BB). It has no issuer rating.

JSON: {"rating": "none"}

✅ R5 csv+ontology run 4 graded by code

None. VD has only a Country Ceiling (A12, BB), which is not a sovereign issuer rating.

JSON: {"rating": "none"}

✅ R5 csv+ontology run 5 graded by code

None. VD has only a Country Ceiling (A12, BB), which is not an issuer rating.

JSON: {"rating": "none"}

✅ R4 csv+markdown run 1 graded by code

None. VD has only a Country Ceiling (A12), which is not the sovereign's issuer rating.

JSON: {"rating": "none"}

✅ R4 csv+markdown run 2 graded by code

None. VD's only action is a Country Ceiling (A12, BB), which is not a sovereign issuer rating.

JSON: {"rating": "none"}

✅ R4 csv+markdown run 3 graded by code

None. VD has only a Country Ceiling (A12, BB), which is not the sovereign's issuer rating. (VD)

JSON: {"rating": "none"}

✅ R4 csv+markdown run 4 graded by code

None. Valdoria has only a Country Ceiling (A12), which is not a sovereign issuer rating.

JSON: {"rating": "none"}

✅ R4 csv+markdown run 5 graded by code

None. The VD record has only a Country Ceiling (A12), which is not a sovereign issuer rating.

JSON: {"rating": "none"}

✅ R3 csv+padding run 1 graded by code

None. VD has only a country ceiling of BB (A12) and no issuer rating.

JSON: {"rating": "none"}

✅ R3 csv+padding run 2 graded by code

None. VD has only a country-ceiling rating (BB, A12) and no issuer rating.

JSON: {"rating": "none"}

❌ R3 csv+padding run 3 graded by code

BB. The Republic of Valdoria (VD) has a counterparty credit rating of BB (A12).

JSON: {"rating": "BB"}

Why: rating: expected none, got BB

✅ R3 csv+padding run 4 graded by code

None. VD has a country ceiling of BB (A12) but no issuer rating record.

JSON: {"rating": "none"}

✅ R3 csv+padding run 5 graded by code

None as an issuer rating. The only Valdoria entry is a country ceiling of BB (A12, CC type), which is not an issuer rating.

JSON: {"rating": "none"}

✅ R10 executed run 1 graded by code

None. VD (Republic of Valdoria) has no rating records.

JSON: {"rating": "none"}

✅ R10 executed run 2 graded by code

None. VD has no entity rating in the ratings table; only its country ceiling of BB (ceilings.csv).

JSON: {"rating": "none"}

✅ R10 executed run 3 graded by code

None. VD has no rows in ratings.csv (its ceiling is BB, but that is not an issuer rating).

JSON: {"rating": "none"}

✅ R10 executed run 4 graded by code

None. The Republic of Valdoria (VD) has no rating records.

JSON: {"rating": "none"}

✅ R10 executed run 5 graded by code

None. VD (Republic of Valdoria) has no rating record in ratings.csv; only its ceiling is given.

JSON: {"rating": "none"}

✅ R7 csv+neutral run 1 graded by code

None. VD has only a Country Ceiling (A12, BB), which is not an issuer rating.

JSON: {"rating": "none"}

✅ R7 csv+neutral run 2 graded by code

None. The Republic of Valdoria (VD) has only a Country Ceiling of BB (A12), which is not an issuer rating.

JSON: {"rating": "none"}

✅ R7 csv+neutral run 3 graded by code

None. VD has only a Country Ceiling (A12, BB), which is not an issuer rating.

JSON: {"rating": "none"}

✅ R7 csv+neutral run 4 graded by code

None. VD has only a Country Ceiling (A12, BB) and no LTIDR action.

JSON: {"rating": "none"}

✅ R7 csv+neutral run 5 graded by code

None. VD has only a Country Ceiling (A12, BB), not an issuer rating.

JSON: {"rating": "none"}

✅ R8 csv+axioms run 1 graded by code

None. VD has only a Country Ceiling (A12, BB), which is not an issuer rating.

JSON: {"rating": "none"}

✅ R8 csv+axioms run 2 graded by code

None. VD has no issuer rating, only a Country Ceiling of BB (A12).

JSON: {"rating": "none"}

✅ R8 csv+axioms run 3 graded by code

None. VD has only a Country Ceiling (A12, BB), which is not an issuer rating.

JSON: {"rating": "none"}

✅ R8 csv+axioms run 4 graded by code

None. VD has only a Country Ceiling (A12, BB), which the ontology does not count as an issuer rating.

JSON: {"rating": "none"}

✅ R8 csv+axioms run 5 graded by code

None. VD has only a country ceiling rating (CC BB, A12) and no LTIDR.

JSON: {"rating": "none"}

✅ R9 csv+axioms+markdown run 1 graded by code

None. Valdoria (VD) has only a Country Ceiling (BB, A12), not an issuer rating.

JSON: {"rating": "none"}

✅ R9 csv+axioms+markdown run 2 graded by code

None.
VD has only a Country Ceiling (A12, CC, BB), which is not the sovereign's issuer rating.

JSON: {"rating": "none"}

✅ R9 csv+axioms+markdown run 3 graded by code

None. The only VD record is a Country Ceiling (A12, BB), which the ontology says is not the sovereign's issuer rating.

JSON: {"rating": "none"}

✅ R9 csv+axioms+markdown run 4 graded by code

None. Valdoria has only a Country Ceiling (BB, A12), which is not its issuer rating.

JSON: {"rating": "none"}

✅ R9 csv+axioms+markdown run 5 graded by code

None. VD has only a Country Ceiling (A12, BB), which the data says is not the sovereign's issuer rating.

JSON: {"rating": "none"}