Q33, run 2026-11-04-2022-sonnet

← back to the run

Whose credit risk does a holder of the Halden Leasing 2028 notes take, and how is it rated?

Tests: Roles: the guarantor is the parent, not the ultimate parent.

Expected: risk_of = E10 rating = BBB+

✅ R1 csv run 1 graded by code

The guarantor Halden Bank (E10), rated BBB+ (A27). I05 is issued by E11 and guaranteed by E10.

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R1 csv run 2 graded by code

The holder takes the risk of E10, the guarantor of I05, which is rated BBB+ after A27.

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R1 csv run 3 graded by code

The holder takes E10 (Halden Bank AG) risk, rated BBB+. E10 is the guarantor of I05, and A27 downgraded it to BBB+.

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R1 csv run 4 graded by code

Guarantor E10 (Halden Bank), rated BBB+ after the 2026-04-15 downgrade (I05, A27).

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R1 csv run 5 graded by code

The guarantor E10, rated BBB+. I05 is guaranteed by E10, and A27 downgraded it to BBB+.

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R4 csv+markdown run 1 graded by code

The holder takes E10's (Halden Bank) credit risk, rated BBB+. I05 is guaranteed by E10, whose latest rating is A27's BBB+.

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R4 csv+markdown run 2 graded by code

E10, rated BBB+. I05 is guaranteed by E10, which A27 downgraded to BBB+.

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R4 csv+markdown run 3 graded by code

E10, rated BBB+. I05 is guaranteed by E10, which was downgraded to BBB+ (A27).

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R4 csv+markdown run 4 graded by code

E10, rated BBB+. I05 is guaranteed by E10, which was downgraded to BBB+ on 2026-04-15 (A27).

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R4 csv+markdown run 5 graded by code

E10 (Halden Bank), rated BBB+. I05 is guaranteed by E10, whose latest rating is BBB+ (A27).

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R10 executed run 1 graded by code

E10 (Halden Bank AG), rated BBB+. I05 is guaranteed by E10 (credit_risk_of), and both I05 and E10 are BBB+ (A29, A27).

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R10 executed run 2 graded by code

E10 (Halden Bank), the guarantor (I05), rated BBB+. I05 is itself rated BBB+ (A29), and E10's LTIDR is BBB+ (A27).

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R10 executed run 3 graded by code

E10 (Halden Bank), the guarantor, per I05. I05 is rated BBB+ (A29), and E10 is also BBB+.

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R10 executed run 4 graded by code

The credit risk of E10 (Halden Bank), the guarantor of I05, rated BBB+ (A29, A27).

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R10 executed run 5 graded by code

E10, rated BBB+. I05's credit_risk_of is the guarantor E10, and I05 is rated BBB+ (A29).

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R8 csv+axioms run 1 graded by code

The guarantor, Halden Bank (E10), rated BBB+. I05 is guaranteed by E10, and A27 downgraded it to BBB+.

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R8 csv+axioms run 2 graded by code

The holder takes the credit risk of E10, the guarantor of I05. E10 is rated BBB+ (A27).

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R8 csv+axioms run 3 graded by code

The guarantor, E10, which is rated BBB+ after A27.

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R8 csv+axioms run 4 graded by code

E10, rated BBB+. I05 is guaranteed by E10, and A27 downgraded E10 to BBB+.

JSON: {"risk_of": "E10", "rating": "BBB+"}

✅ R8 csv+axioms run 5 graded by code

Halden Bank AG (E10), rated BBB+. I05 is guaranteed by E10, and A27 downgraded it.

JSON: {"risk_of": "E10", "rating": "BBB+"}