Q27, run 2026-11-05-2135-sonnet
How is Corvenia Power's 2032 note rated?
Tests: Instrument versus issuer: the subordinated note sits below the issuer.
Expected: rating = A-
csv run 1
A- (A42).
JSON: {"rating": "A-"}
csv run 2
A-. The 2032 note is I06, rated by A42.
JSON: {"rating": "A-"}
csv run 3
A- (A42).
JSON: {"rating": "A-"}
csv run 4
A-, from A42 (I06).
JSON: {"rating": "A-"}
csv run 5
A-. I06 is rated A- (A42).
JSON: {"rating": "A-"}
rdf run 1
A- (A42, I06 subordinated).
JSON: {"rating": "A-"}
rdf run 2
A-. I06 is a subordinated note rated A- (A42).
JSON: {"rating": "A-"}
rdf run 3
A- (A42 on I06, a subordinated note).
JSON: {"rating": "A-"}
rdf run 4
A-. I06 is rated by A42.
JSON: {"rating": "A-"}
rdf run 5
A- (A42).
JSON: {"rating": "A-"}
rdf+ontology run 1
A-. I06 is rated A- (A42).
JSON: {"rating": "A-"}
rdf+ontology run 2
A- (A42 on I06).
JSON: {"rating": "A-"}
rdf+ontology run 3
A-. I06 is rated A- in A42.
JSON: {"rating": "A-"}
rdf+ontology run 4
A- (I06, A42).
JSON: {"rating": "A-"}
rdf+ontology run 5
A-. The 2032 note is I06, rated A- (A42).
JSON: {"rating": "A-"}
csv+ontology run 1
A-. I06 is rated A- (A42).
JSON: {"rating": "A-"}
csv+ontology run 2
A- (A42, instrument I06).
JSON: {"rating": "A-"}
csv+ontology run 3
A-. I06 is subordinated and carries the instrument rating A- (A42).
JSON: {"rating": "A-"}
csv+ontology run 4
A-. I06 was rated A- by A42, which is below the CV ceiling of A (A37).
JSON: {"rating": "A-"}
csv+ontology run 5
A- (A42), below the CV ceiling of A (A37).
JSON: {"rating": "A-"}
csv+markdown run 1
A- (A42).
JSON: {"rating": "A-"}
csv+markdown run 2
A-. I06 carries A- from A42.
JSON: {"rating": "A-"}
csv+markdown run 3
A-, from A42 (I06).
JSON: {"rating": "A-"}
csv+markdown run 4
A-. A42 rated I06 (subordinated, in USD). That is below the CV ceiling of A (A37).
JSON: {"rating": "A-"}
csv+markdown run 5
A- (A42). This is below the CV ceiling of A.
JSON: {"rating": "A-"}
csv+padding run 1
A- (A42, I06).
JSON: {"rating": "A-"}
csv+padding run 2
A- (A42, I06).
JSON: {"rating": "A-"}
csv+padding run 3
A- (A42, I06).
JSON: {"rating": "A-"}
csv+padding run 4
A-. A42 rated I06.
JSON: {"rating": "A-"}
csv+padding run 5
A- (A42, I06).
JSON: {"rating": "A-"}
executed run 1
A- (A42). That is the rating on I06.
JSON: {"rating": "A-"}
executed run 2
A- (I06, A42).
JSON: {"rating": "A-"}
executed run 3
A- (I06, A42).
JSON: {"rating": "A-"}
executed run 4
A- (A42). I06 is the 2032 note.
JSON: {"rating": "A-"}
executed run 5
A- (A42).
JSON: {"rating": "A-"}
csv+neutral run 1
A-. I06 is subordinated and rated A- (A42), which is below Corvenia's A ceiling (A37).
JSON: {"rating": "A-"}
csv+neutral run 2
A-. I06 was assigned A- in A42, and it is subordinated.
JSON: {"rating": "A-"}
csv+neutral run 3
A-, from A42.
JSON: {"rating": "A-"}
csv+neutral run 4
A- (A42). That is below Corvenia's ceiling of A (A37), so it is not capped.
JSON: {"rating": "A-"}
csv+neutral run 5
A- (A42).
JSON: {"rating": "A-"}
csv+axioms run 1
A- (A42 on I06).
JSON: {"rating": "A-"}
csv+axioms run 2
A-, from A42.
JSON: {"rating": "A-"}
csv+axioms run 3
A- (A42).
JSON: {"rating": "A-"}
csv+axioms run 4
A-, from A42 (I06).
JSON: {"rating": "A-"}
csv+axioms run 5
A-, from A42.
JSON: {"rating": "A-"}
csv+axioms+markdown run 1
A-, from A42 (I06).
JSON: {"rating": "A-"}
csv+axioms+markdown run 2
A- (A42).
JSON: {"rating": "A-"}
csv+axioms+markdown run 3
A- (A42).
JSON: {"rating": "A-"}
csv+axioms+markdown run 4
A-. A42 rated I06, which is subordinated.
JSON: {"rating": "A-"}
csv+axioms+markdown run 5
A- (A42).
JSON: {"rating": "A-"}