Q17, run 2026-11-04-2022-sonnet

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Was Orrin Bank downgraded in 2026?

Tests: Watch versus rating: Rating Watch Negative is not a downgrade.

Expected: downgraded = no

✅ R1 csv run 1 graded by code

No. Orrin Bank's only 2026 action is a Rating Watch Negative at A- (A17).

JSON: {"downgraded": "no"}

✅ R1 csv run 2 graded by code

No. E06's only 2026 action is A17, a Rating Watch Negative at A-.

JSON: {"downgraded": "no"}

✅ R1 csv run 3 graded by code

No. E06's only 2026 action is A17, Rating Watch Negative at A-.

JSON: {"downgraded": "no"}

✅ R1 csv run 4 graded by code

No. E06 only went on Rating Watch Negative at A- (A17).

JSON: {"downgraded": "no"}

✅ R1 csv run 5 graded by code

No. A17 (2026-09-03) is a Rating Watch Negative placement at A-, not a downgrade. Orrin Bancorp (E13) is a different entity.

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 1 graded by code

No. E06's only 2026 action, A17, is a Rating Watch placement with the rating unchanged at A-.

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 2 graded by code

No. E06's only 2026 action, A17, is a Rating Watch placement with the rating unchanged.

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 3 graded by code

No. E06's only 2026 action is a Rating Watch (A17), which is not a downgrade.

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 4 graded by code

No. E06's only 2026 action is a Rating Watch (A17), which is not a downgrade.

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 5 graded by code

No. E06's only 2026 action is A17, a Rating Watch Negative placement, which is not a downgrade.

JSON: {"downgraded": "no"}

✅ R10 executed run 1 graded by code

No. E06 stayed at A- and was only placed on Rating Watch Negative on 2026-09-03 (A17).

JSON: {"downgraded": "no"}

✅ R10 executed run 2 graded by code

No. E06's 2026-09-03 action (A17) put it on Rating Watch Negative, with the rating still A-.

JSON: {"downgraded": "no"}

✅ R10 executed run 3 graded by code

No. E06's A- was unchanged; A17 on 2026-09-03 only added Rating Watch Negative.

JSON: {"downgraded": "no"}

✅ R10 executed run 4 graded by code

No. E06 stayed A- and was only placed on RWN on 2026-09-03 (A17).

JSON: {"downgraded": "no"}

✅ R10 executed run 5 graded by code

No. E06's 2026 action is Rating Watch Negative at an unchanged A- (A17).

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 1 graded by code

No. The only 2026 action on Orrin Bank (E06) is A17, a Rating Watch Negative at A-.

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 2 graded by code

No. E06's only 2026 action is a Rating Watch (A17). Orrin Bancorp (E13) has a different LEI and no 2026 action.

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 3 graded by code

No. E06's only 2026 action, A17, places it on Rating Watch at A- and does not change the rating.

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 4 graded by code

No. A17 (2026-09-03) is a Rating Watch Negative placement at A-, not a downgrade.

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 5 graded by code

No. The only 2026 action on E06 is A17, a Rating Watch placement.

JSON: {"downgraded": "no"}