Q2, run 2026-11-04-2022-sonnet

← back to the run

Has Kestrel Energy been downgraded in 2026?

Tests: Outlook versus rating: an affirmation with a negative outlook is not a rating change.

Expected: downgraded = no

✅ R1 csv run 1 graded by code

No. The only 2026 action on Kestrel (E01) is an affirmation at BBB with Negative outlook (A03).

JSON: {"downgraded": "no"}

✅ R1 csv run 2 graded by code

No. E01's only 2026 action is A03, an affirmation at BBB.

JSON: {"downgraded": "no"}

✅ R1 csv run 3 graded by code

No. 2026 has only A03, an affirmation at BBB (NEG) on 2026-02-10. The downgrade (A02) was in 2025.

JSON: {"downgraded": "no"}

✅ R1 csv run 4 graded by code

No. The only 2026 action on E01 is an affirmation at BBB with a Negative outlook (A03).

JSON: {"downgraded": "no"}

✅ R1 csv run 5 graded by code

No. The only 2026 action on E01 is A03, an affirmation at BBB with a Negative outlook. The downgrade was A02 in 2025.

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 1 graded by code

No. The only 2026 action on E01 is A03, an affirmation at BBB.

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 2 graded by code

No. E01's only 2026 action, A03, is an affirmation (BBB, outlook NEG).

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 3 graded by code

No. The only 2026 action on E01 is an affirmation of BBB (A03).

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 4 graded by code

No. The only 2026 action on E01 is an affirmation (A03/A04); the downgrade was in 2025 (A02).

JSON: {"downgraded": "no"}

✅ R4 csv+markdown run 5 graded by code

No. E01's only 2026 action is A03, an affirmation at BBB with a Negative outlook.

JSON: {"downgraded": "no"}

✅ R10 executed run 1 graded by code

No. In 2026 E01 only had an outlook change to Negative at BBB (A03) and a new STIDR of F2 (A04); the downgrade to BBB was in 2025 (A02).

JSON: {"downgraded": "no"}

✅ R10 executed run 2 graded by code

No. E01's only downgrade was on 2025-06-20 (A02). The 2026-02-10 action (A03) only changed the outlook to Negative.

JSON: {"downgraded": "no"}

✅ R10 executed run 3 graded by code

No. E01's only 2026 action (A03, 2026-02-10) kept it at BBB and moved the outlook to Negative; the downgrade to BBB was A02 in 2025.

JSON: {"downgraded": "no"}

✅ R10 executed run 4 graded by code

No. In 2026 E01 had only an outlook change to Negative at BBB, an affirmation (A03). Its downgrade to BBB was in 2025 (A02).

JSON: {"downgraded": "no"}

✅ R10 executed run 5 graded by code

No. The only 2026 action for E01 is an affirmation at BBB with Negative outlook (A03); the downgrade to BBB was in 2025 (A02).

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 1 graded by code

No. The only 2026 action on Kestrel Energy (E01) is A03, an affirmation of BBB.

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 2 graded by code

No. The only 2026 action on E01 is an affirmation at BBB (A03, 2026-02-10); the downgrade was in 2025 (A02).

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 3 graded by code

No. The only 2026 action on E01's issuer rating is A03, an affirmation at BBB with a Negative outlook.

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 4 graded by code

No. E01's downgrade was A02 in 2025; the 2026 action A03 is an affirmation at BBB with a Negative outlook.

JSON: {"downgraded": "no"}

✅ R8 csv+axioms run 5 graded by code

No. The only 2026 action on E01 is A03, an affirmation at BBB.

JSON: {"downgraded": "no"}