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

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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 (A12, BB) and no issuer rating.

JSON: {"rating": "none"}

✅ R1 csv run 2 graded by code

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

JSON: {"rating": "none"}

✅ R1 csv run 3 graded by code

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

JSON: {"rating": "none"}

✅ R1 csv run 4 graded by code

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

JSON: {"rating": "none"}

✅ R1 csv run 5 graded by code

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

JSON: {"rating": "none"}

✅ R2 rdf run 1 graded by code

None. The Republic of Valdoria has only a country-ceiling record of BB (A12), no issuer rating.

JSON: {"rating": "none"}

✅ R2 rdf run 2 graded by code

None. VD only has a Country Ceiling record, BB (A12), and no long-term IDR.

JSON: {"rating": "none"}

✅ R2 rdf run 3 graded by code

None. The only rating on VD is the Country Ceiling of BB (A12), which is not an issuer rating.

JSON: {"rating": "none"}

✅ R2 rdf run 4 graded by code

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

JSON: {"rating": "none"}

✅ R2 rdf run 5 graded by code

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

JSON: {"rating": "none"}

✅ R6 rdf+ontology run 1 graded by code

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

JSON: {"rating": "none"}

✅ R6 rdf+ontology run 2 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 3 graded by code

None. VD only has a Country Ceiling (A12).

JSON: {"rating": "none"}

✅ R6 rdf+ontology run 4 graded by code

None. VD has only a Country Ceiling (A12).

JSON: {"rating": "none"}

✅ R6 rdf+ontology run 5 graded by code

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

JSON: {"rating": "none"}

✅ R5 csv+ontology run 1 graded by code

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

JSON: {"rating": "none"}

✅ R5 csv+ontology run 2 graded by code

None. The sovereign record VD only carries a Country Ceiling (A12).

JSON: {"rating": "none"}

✅ R5 csv+ontology run 3 graded by code

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

JSON: {"rating": "none"}

✅ R5 csv+ontology run 4 graded by code

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

JSON: {"rating": "none"}

✅ R5 csv+ontology run 5 graded by code

None. VD has only a Country Ceiling (A12).

JSON: {"rating": "none"}

✅ R4 csv+markdown run 1 graded by code

None. VD has only a Country Ceiling (A12) and no issuer rating.

JSON: {"rating": "none"}

✅ R4 csv+markdown run 2 graded by code

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

JSON: {"rating": "none"}

✅ R4 csv+markdown run 3 graded by code

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

JSON: {"rating": "none"}

✅ R4 csv+markdown run 4 graded by code

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

JSON: {"rating": "none"}

✅ R4 csv+markdown run 5 graded by code

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

JSON: {"rating": "none"}

✅ R3 csv+padding run 1 graded by code

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

JSON: {"rating": "none"}

✅ R3 csv+padding run 3 graded by code

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

JSON: {"rating": "none"}

✅ R3 csv+padding run 4 graded by code

None. VD has only a Country Ceiling record (A12, BB) and no long-term issuer rating.

JSON: {"rating": "none"}

✅ R3 csv+padding run 5 graded by code

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

JSON: {"rating": "none"}

✅ R10 executed run 1 graded by code

None. VD has no entry in ratings.csv.

JSON: {"rating": "none"}

✅ R10 executed run 2 graded by code

None. VD has no rating records.

JSON: {"rating": "none"}

✅ R10 executed run 3 graded by code

None. VD has no rating records.

JSON: {"rating": "none"}

✅ R10 executed run 4 graded by code

None. VD has no rating rows.

JSON: {"rating": "none"}

✅ R10 executed run 5 graded by code

None. VD has no rating records.

JSON: {"rating": "none"}

✅ R7 csv+neutral run 1 graded by code

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

JSON: {"rating": "none"}

✅ R7 csv+neutral run 2 graded by code

None. VD has only a Country Ceiling record (A12, BB), and the ceiling is not the sovereign's own rating.

JSON: {"rating": "none"}

✅ R7 csv+neutral run 3 graded by code

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

JSON: {"rating": "none"}

✅ R7 csv+neutral run 4 graded by code

None. VD only has a Country Ceiling (A12).

JSON: {"rating": "none"}

✅ R7 csv+neutral run 5 graded by code

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

JSON: {"rating": "none"}

✅ R8 csv+axioms run 1 graded by code

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

JSON: {"rating": "none"}

✅ R8 csv+axioms run 2 graded by code

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

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 is not an issuer rating.

JSON: {"rating": "none"}

✅ R8 csv+axioms run 5 graded by code

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

JSON: {"rating": "none"}

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

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

JSON: {"rating": "none"}

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

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

JSON: {"rating": "none"}

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

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

JSON: {"rating": "none"}

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

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

JSON: {"rating": "none"}

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

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

JSON: {"rating": "none"}