Q31, run 2026-11-05-2135-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-domiciled entity is rated above BB FC and no CV-domiciled entity is rated above A FC.

JSON: {"any": "no"}

✅ R1 csv run 2 graded by code

No. Every FC rating for a Valdoria or Corvenia company is at or below its ceiling.

JSON: {"any": "no"}

✅ R1 csv run 3 graded by code

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

JSON: {"any": "no"}

✅ R1 csv run 4 graded by code

No. No Valdoria or Corvenia entity has a foreign-currency rating above its country's ceiling. Ceilings exist in the data only for VD and CV.

JSON: {"any": "no"}

✅ R1 csv run 5 graded by code

No. No VD or CV company has an FC rating above its country's ceiling.

JSON: {"any": "no"}

✅ R2 rdf run 1 graded by code

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

JSON: {"any": "no"}

✅ R2 rdf run 2 graded by code

No. No VD entity has an FC rating above BB and no CV entity has one above A. E15 and E1039 have local-currency ratings above the ceiling, but the ceiling applies to foreign currency, and no other country has a ceiling record.

JSON: {"any": "no"}

✅ R2 rdf run 3 graded by code

No. No foreign-currency rating exceeds the VD ceiling (BB) or the CV ceiling (A). A few local-currency ratings are higher, for example E1039 at AA-, but the ceiling applies to foreign currency.

JSON: {"any": "no"}

✅ R2 rdf run 4 graded by code

No. No company's foreign-currency rating exceeds BB in VD or A in CV.

JSON: {"any": "no"}

✅ R2 rdf run 5 graded by code

No. None of the entities in ceiling countries (VD, CV) had a foreign-currency rating above the ceiling.

JSON: {"any": "no"}

✅ R6 rdf+ontology run 1 graded by code

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

JSON: {"any": "no"}

✅ R6 rdf+ontology run 2 graded by code

No. No foreign-currency rating is above its country's ceiling.

JSON: {"any": "no"}

✅ R6 rdf+ontology run 3 graded by code

No. No VD or CV entity has a foreign-currency rating above BB or A respectively.

JSON: {"any": "no"}

✅ R6 rdf+ontology run 4 graded by code

No. None of the CV or VD entities has a foreign-currency rating above its ceiling.

JSON: {"any": "no"}

✅ R6 rdf+ontology run 5 graded by code

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

JSON: {"any": "no"}

✅ R5 csv+ontology run 1 graded by code

No. Every FC rating in VD and CV is at or below its ceiling.

JSON: {"any": "no"}

✅ R5 csv+ontology run 2 graded by code

No. None of the entities in VD or CV have an FC rating above their ceiling.

JSON: {"any": "no"}

✅ R5 csv+ontology run 3 graded by code

No. Every FC rating for a CV or VD entity is at or below its ceiling.

JSON: {"any": "no"}

✅ R5 csv+ontology run 4 graded by code

No. No FC rating of an entity in CV or VD exceeds A or BB respectively.

JSON: {"any": "no"}

✅ R5 csv+ontology run 5 graded by code

No. No VD or CV company has an FC rating above its ceiling. E1246 (the RESEARCH record for Gater Holdings) places it in FR.

JSON: {"any": "no"}

✅ R4 csv+markdown run 1 graded by code

No. No entity's FC rating exceeds its country's ceiling.

JSON: {"any": "no"}

✅ R4 csv+markdown run 2 graded by code

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

JSON: {"any": "no"}

✅ R4 csv+markdown run 3 graded by code

No. No foreign-currency rating exceeds BB in VD or A in CV.

JSON: {"any": "no"}

✅ R4 csv+markdown run 4 graded by code

No. No foreign-currency rating exceeds BB for Valdoria entities or A for Corvenia entities.

JSON: {"any": "no"}

✅ R4 csv+markdown run 5 graded by code

No. No VD or CV entity has an FC rating above its ceiling.

JSON: {"any": "no"}

✅ R3 csv+padding run 1 graded by code

No. No VD or CV company has an FC rating above its ceiling.

JSON: {"any": "no"}

✅ R3 csv+padding run 2 graded by code

No. No VD or CV company has a foreign-currency rating above its ceiling.

JSON: {"any": "no"}

✅ R3 csv+padding run 3 graded by code

No. Within the only two ceilings in the data (VD, CV), no company's foreign-currency rating is above its ceiling; other countries have no ceiling data.

JSON: {"any": "no"}

✅ R3 csv+padding run 4 graded by code

No. No VD entity's foreign-currency rating is above BB and no CV entity's is above A.

JSON: {"any": "no"}

✅ R3 csv+padding run 5 graded by code

No. No company has a foreign-currency rating above its country's ceiling.

JSON: {"any": "no"}

✅ R10 executed run 1 graded by code

No. No CV entity is rated above A and no VD entity above BB on a foreign-currency basis. E1101's LC rating of BB+ is local currency, so the ceiling does not bind it.

JSON: {"any": "no"}

✅ R10 executed run 2 graded by code

No. No company's open FC rating exceeds its country's ceiling.

JSON: {"any": "no"}

✅ R10 executed run 3 graded by code

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

JSON: {"any": "no"}

✅ R10 executed run 4 graded by code

No. No CV or VD entity has a foreign-currency rating above its ceiling. The higher ratings, such as E1039's AA- (A1081), are local currency.

JSON: {"any": "no"}

✅ R10 executed run 5 graded by code

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

JSON: {"any": "no"}

✅ R7 csv+neutral run 1 graded by code

No. No VD entity is rated above BB and no CV entity is rated above A on a foreign-currency basis. E1245 is domiciled in FR per RESEARCH.

JSON: {"any": "no"}

✅ R7 csv+neutral run 2 graded by code

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

JSON: {"any": "no"}

✅ R7 csv+neutral run 3 graded by code

No. No foreign-currency rating exceeds BB for VD entities or A for CV entities. Gater Holdings (E1245) is not a CV entity because its RESEARCH record E1246 gives domicile FR.

JSON: {"any": "no"}

✅ R7 csv+neutral run 4 graded by code

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

JSON: {"any": "no"}

✅ R7 csv+neutral run 5 graded by code

No. No entity's FC rating is above its ceiling. E1245's research record places it in FR, not CV.

JSON: {"any": "no"}

✅ R8 csv+axioms run 1 graded by code

No. No foreign-currency issuer rating from a VD- or CV-domiciled company exceeds its ceiling.

JSON: {"any": "no"}

✅ R8 csv+axioms run 2 graded by code

No. Nothing sits above its ceiling, and the closest cases are exactly at it (see Q30).

JSON: {"any": "no"}

✅ R8 csv+axioms run 3 graded by code

No. No entity has an FC LTIDR above its ceiling: VD entities are at BB or below, and CV entities are at A or below. E1039's LC AA- is not an FC rating.

JSON: {"any": "no"}

✅ R8 csv+axioms run 4 graded by code

No. Every FC rating for VD- or CV-domiciled entities is at or below its ceiling.

JSON: {"any": "no"}

✅ R8 csv+axioms run 5 graded by code

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

JSON: {"any": "no"}

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

No. Every VD-domiciled company's FC rating is at or below BB, and every CV-domiciled company's is at or below A.

JSON: {"any": "no"}

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

No. No FC rating of a company domiciled in VD or CV is above its ceiling.

JSON: {"any": "no"}

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

No. No entity domiciled in VD or CV has a foreign-currency rating above its ceiling.

JSON: {"any": "no"}

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

No. Every FC rating in VD and CV is at or below its ceiling, and E1245's country is FR once the RESEARCH record is applied.

JSON: {"any": "no"}

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

No. Every FC rating for VD- and CV-domiciled companies is at or below the ceiling (BB for VD, A for CV).

JSON: {"any": "no"}