D6 sparql+axioms, run 4: the query session
14 queries0 failed8 rounds
The opening prompt
## The data
You can't see the data, but you can query it. It is in an RDF store, described below. Write SPARQL 1.1 SELECT or ASK queries.
To run queries, reply with one or more fenced blocks (```sparql), and nothing else is needed:
each is run and its results sent back to you. You have up to 8 rounds of queries.
When you have what you need, reply with the final answers and no queries.
Prefixes:
```
PREFIX skos: <http://www.w3.org/2004/02/skos/core#>
PREFIX rdf: <http://www.w3.org/1999/02/22-rdf-syntax-ns#>
PREFIX rdfs: <http://www.w3.org/2000/01/rdf-schema#>
PREFIX xsd: <http://www.w3.org/2001/XMLSchema#>
PREFIX lad: <https://example.org/ladder/>
```
Classes and the properties their resources use:
- `lad:Entity`: `rdf:type`, `rdfs:label`, `lad:ancestor`, `lad:country`, `lad:domicile`, `lad:entityType`, `lad:lei`, `lad:name`, `lad:parent`, `lad:parentEntity`, `lad:sameEntityAs`, `lad:sourceSystem`, `lad:ultimateParent`
- `lad:Instrument`: `rdf:type`, `rdfs:label`, `lad:creditRiskOf`, `lad:currency`, `lad:description`, `lad:guarantor`, `lad:issuer`, `lad:localCurrency`, `lad:maturity`, `lad:seniority`
- `lad:RatingAction`: `rdf:type`, `rdfs:label`, `lad:action`, `lad:ccyBasis`, `lad:comment`, `lad:date`, `lad:outlook`, `lad:ratedThing`, `lad:rating`, `lad:ratingType`, `lad:validTo`, `lad:watch`
- `lad:RatingInForce`: `rdf:type`, `rdfs:label`, `lad:action`, `lad:ccyBasis`, `lad:comment`, `lad:date`, `lad:outlook`, `lad:ratedThing`, `lad:rating`, `lad:ratingType`, `lad:watch`
The store holds the data after the rules of its axioms have run, with no definitions alongside. Besides the data's own properties, it holds what the rules derived: lad:sameEntityAs links the records of one entity; lad:domicile is the country that holds for an entity; lad:parentEntity, lad:ancestor and lad:ultimateParent give ownership entity by entity (an entity with no parent is its own ultimate parent); lad:validTo is when a rating stopped holding, and the class lad:RatingInForce holds the actions whose rating was in force on 1 October 2026; lad:creditRiskOf and lad:localCurrency describe instruments.
## Questions
Answer each question below from the data above. Start each answer on a new line with its
number in bold, like **Q1.**, give the direct answer first, then at most two sentences of
reasoning that cite the records (IDs) you relied on.
Then end with one JSON block (```json) holding the structured answer to each question listed
here, with exactly these fields, shaped like {"Q1": {"field": value}, ...}. Name entities by their record ID: the entity_id in the CSV files, or the part of the IRI after lad: in the RDF (E01, not Kestrel Energy plc).
- Q1: rating (a rating, or "none")
- Q2: downgraded ("yes", "no" or "depends")
- Q3: investment_grade ("yes", "no" or "depends"), rating (a rating, or "none")
- Q4: outlook (an outlook)
- Q5: risk_of (a record ID), rating (a rating, or "none")
- Q7: issuers (a list of record IDs)
- Q8: entities (a list of record IDs)
- Q9: count (a number)
- Q10: investment_grade ("yes", "no" or "depends")
- Q11: rating (a rating, or "none")
- Q12: rating (a rating, or "none")
- Q13: count (a number)
- Q14: rating (a rating, or "none")
- Q15: rating (a rating, or "none")
- Q16: changed ("yes", "no" or "depends")
- Q17: downgraded ("yes", "no" or "depends")
- Q18: issuers (a list of record IDs)
- Q19: issuers (a list of record IDs)
- Q20: in_default ("yes", "no" or "depends")
- Q21: entities (a list of record IDs)
- Q22: entities (a list of record IDs)
- Q23: rating (a rating, or "none")
- Q24: investment_grade ("yes", "no" or "depends")
- Q25: count (a number)
- Q26: rating (a rating, or "none")
- Q27: rating (a rating, or "none")
- Q28: rating (a rating, or "none")
- Q29: rating (a rating, or "none")
- Q30: entities (a list of record IDs)
- Q31: any ("yes", "no" or "depends")
- Q32: parent (a record ID)
- Q33: risk_of (a record ID), rating (a rating, or "none")
- Q34: same_group ("yes", "no" or "depends")
- Q35: count (a number)
- Q36: count (a number)
- Q37: count (a number)
- Q38: same ("yes", "no" or "depends")
- Q39: rating (a rating, or "none")
- Q40: count (a number)
- Q41: rating (a rating, or "none")
- Q42: country (a country code)
- Q43: count (a number)
- Q44: local_currency ("yes", "no" or "depends")
- Q45: above_ceiling ("yes", "no" or "depends")
- Q46: issuer_rating ("yes", "no" or "depends")
- Q47: rating (a rating, or "none")
- Q48: count (a number)
- Q49: parent (a record ID)
- Q50: count (a number)
- Q51: count (a number)
- Q52: count (a number)
- Q53: same_group ("yes", "no" or "depends")
- Q54: entities (a list of record IDs)
- Q55: count (a number)
- Q56: rating (a rating, or "none")
- Q57: entity (a record ID)
- Q58: entities (a list of record IDs)
- Q59: count (a number)
- Q60: risk_of (a record ID), same_group ("yes", "no" or "depends")
- Q61: count (a number)
Q1. What was Kestrel Energy's rating on 1 January 2025?
Q2. Has Kestrel Energy been downgraded in 2026?
Q3. Is Kestrel Energy's 2031 note investment grade?
Q4. What is Northwind Holdings' current outlook?
Q5. Whose credit risk does a holder of the Northwind Finance 2030 notes take, and how is it rated?
Q6. Why is Valdoria Telecom's foreign-currency rating lower than its local-currency rating?
Q7. Which issuers were downgraded in 2026?
Q8. Which entities were in default on 1 October 2026?
Q9. As of 1 October 2026, how many distinct issuers hold an issuer rating?
Q10. Is Valdoria Telecom investment grade?
Q11. What was Marlow Utilities' rating on 1 June 2025?
Q12. What was Marlow Utilities' rating on 1 January 2024?
Q13. How many times has Marlow Utilities been downgraded?
Q14. What was Halden Foods' rating on 1 January 2024?
Q15. What was Halden Bank's rating on 1 January 2026?
Q16. Has Marlow Utilities' rating changed since 1 January 2025?
Q17. Was Orrin Bank downgraded in 2026?
Q18. Which issuers were on Rating Watch Negative on 1 October 2026?
Q19. Which issuers had a Negative outlook on 1 October 2026?
Q20. Is Pellam Retail in default?
Q21. Which entities had an issuer rating at some point but no longer had one on 1 October 2026?
Q22. Which entities have ever been in default?
Q23. What is Kestrel Energy's short-term rating?
Q24. Is Kestrel Energy's issuer rating investment grade?
Q25. How many instruments held an investment-grade rating on 1 October 2026?
Q26. What is Corvenia Power's local-currency rating?
Q27. How is Corvenia Power's 2032 note rated?
Q28. What is the Republic of Corvenia's foreign-currency issuer rating?
Q29. What is the Republic of Valdoria's issuer rating?
Q30. Which entities had a foreign-currency issuer rating exactly at their country's ceiling on 1 October 2026?
Q31. Did any company have a foreign-currency issuer rating above its country's ceiling on 1 October 2026?
Q32. Who is Halden Leasing's ultimate parent?
Q33. Whose credit risk does a holder of the Halden Leasing 2028 notes take, and how is it rated?
Q34. Is Halden Foods part of the same group as Halden Bank?
Q35. How many entities are in the Halden group, the parent included?
Q36. How many entities are in the Northwind group, the parent included?
Q37. How many distinct legal entities does the data describe?
Q38. Are Orrin Bank AG and Orrin Bancorp Inc the same entity?
Q39. What is Northwind Holdings' current rating?
Q40. How many distinct issuers domiciled in GB held an issuer rating on 1 October 2026?
Q41. What is Brindle Capital's current rating?
Q42. In which country is Halden Bank domiciled?
Q43. How many distinct entities are domiciled in Luxembourg (LU)?
Q44. Is Valdoria Telecom's 2027 note a local-currency obligation?
Q45. Is Valdoria Telecom's 2027 note rated above what Valdoria's Country Ceiling allows?
Q46. Does Halden Leasing have an issuer rating?
Q47. How is Corvenia Power's 2034 note rated?
Q48. How many instruments held a rating on 1 October 2026?
Q49. Who is Cerid Rosor Holdings SA's ultimate parent?
Q50. How many levels of ownership separate Cerid Rosor Holdings SA from its ultimate parent?
Q51. How many entities are in the Cerid Group plc group, the parent included?
Q52. How many entities are in the Rotam Group Inc group, the parent included?
Q53. Are Belir Mining SA and Rotam Group Inc in the same group?
Q54. Which members of the Wonod Group SA group are domiciled in Valdoria (VD)?
Q55. If Valdoria (VD) came under stress, how many entities with an issuer rating in force have an entity domiciled in VD somewhere above them in their chain of parents?
Q56. What is the lowest current foreign-currency issuer rating held by any member of the Vesol Group BV group?
Q57. Which is the nearest entity that Cerid Guven Energy SA and Cerid Telecom SA both have in their chains of parents?
Q58. Which entities guarantee a note issued by an entity outside their own group?
Q59. How many entities in the Cerid Group plc group sit exactly three levels below the top?
Q60. Whose credit risk does a holder of the Cross-group 4.75% notes due 2031 take, and is that entity in the same group as the issuer?
Q61. How many members of the Cerid Group plc group, the top included, hold a foreign-currency issuer rating below investment grade?The model
<invoke name="sparql">
</invoke>
```sparql
SELECT ?e ?l ?p ?o WHERE { ?e a lad:Entity . OPTIONAL{?e rdfs:label ?l} ?e ?p ?o . FILTER(?p != rdf:type && ?p != rdfs:label) } ORDER BY ?e ?p
```Query results
Query 1:
| e | l | p | o |
|---|---|---|---|
| lad:CV | Republic of Corvenia | lad:country | CV |
| lad:CV | Republic of Corvenia | lad:domesticCurrency | CVK |
| lad:CV | Republic of Corvenia | lad:domicile | CV |
| lad:CV | Republic of Corvenia | lad:entityType | lad:etype-SOV |
| lad:CV | Republic of Corvenia | lad:name | Republic of Corvenia |
| lad:CV | Republic of Corvenia | lad:sourceSystem | RATINGS |
| lad:CV | Republic of Corvenia | lad:ultimateParent | lad:CV |
| lad:E01 | Kestrel Energy plc | lad:country | GB |
| lad:E01 | Kestrel Energy plc | lad:domicile | GB |
| lad:E01 | Kestrel Energy plc | lad:entityType | lad:etype-CORP |
| lad:E01 | Kestrel Energy plc | lad:lei | 7245002OOPBG04092E43 |
| lad:E01 | Kestrel Energy plc | lad:name | Kestrel Energy plc |
| lad:E01 | Kestrel Energy plc | lad:sourceSystem | RATINGS |
| lad:E01 | Kestrel Energy plc | lad:ultimateParent | lad:E01 |
| lad:E02 | Northwind Holdings plc | lad:country | GB |
| lad:E02 | Northwind Holdings plc | lad:domicile | GB |
| lad:E02 | Northwind Holdings plc | lad:entityType | lad:etype-CORP |
| lad:E02 | Northwind Holdings plc | lad:lei | 213800PHEIYNJMHTDV74 |
| lad:E02 | Northwind Holdings plc | lad:name | Northwind Holdings plc |
| lad:E02 | Northwind Holdings plc | lad:sameEntityAs | lad:E03 |
| lad:E02 | Northwind Holdings plc | lad:sourceSystem | RATINGS |
| lad:E02 | Northwind Holdings plc | lad:ultimateParent | lad:E02 |
| lad:E03 | NORTHWIND HLDGS | lad:country | GB |
| lad:E03 | NORTHWIND HLDGS | lad:domicile | GB |
| lad:E03 | NORTHWIND HLDGS | lad:entityType | lad:etype-CORP |
| lad:E03 | NORTHWIND HLDGS | lad:lei | 213800PHEIYNJMHTDV74 |
| lad:E03 | NORTHWIND HLDGS | lad:name | NORTHWIND HLDGS |
| lad:E03 | NORTHWIND HLDGS | lad:sameEntityAs | lad:E02 |
| lad:E03 | NORTHWIND HLDGS | lad:sourceSystem | RESEARCH |
| lad:E03 | NORTHWIND HLDGS | lad:ultimateParent | lad:E03 |
| lad:E04 | Northwind Finance BV | lad:ancestor | lad:E02 |
| lad:E04 | Northwind Finance BV | lad:ancestor | lad:E03 |
| lad:E04 | Northwind Finance BV | lad:country | NL |
| lad:E04 | Northwind Finance BV | lad:domicile | NL |
| lad:E04 | Northwind Finance BV | lad:entityType | lad:etype-FINSUB |
| lad:E04 | Northwind Finance BV | lad:lei | 213800LA5RYJLGXV2T85 |
| lad:E04 | Northwind Finance BV | lad:name | Northwind Finance BV |
| lad:E04 | Northwind Finance BV | lad:parent | lad:E02 |
| lad:E04 | Northwind Finance BV | lad:parentEntity | lad:E02 |
| lad:E04 | Northwind Finance BV | lad:parentEntity | lad:E03 |
| lad:E04 | Northwind Finance BV | lad:sourceSystem | RATINGS |
| lad:E04 | Northwind Finance BV | lad:ultimateParent | lad:E02 |
| lad:E04 | Northwind Finance BV | lad:ultimateParent | lad:E03 |
| lad:E05 | Valdoria Telecom SA | lad:country | VD |
| lad:E05 | Valdoria Telecom SA | lad:domicile | VD |
| lad:E05 | Valdoria Telecom SA | lad:entityType | lad:etype-CORP |
| lad:E05 | Valdoria Telecom SA | lad:lei | 391200LESH03LMOY2U61 |
| lad:E05 | Valdoria Telecom SA | lad:name | Valdoria Telecom SA |
| lad:E05 | Valdoria Telecom SA | lad:sourceSystem | RATINGS |
| lad:E05 | Valdoria Telecom SA | lad:ultimateParent | lad:E05 |
| lad:E06 | Orrin Bank AG | lad:country | DE |
| lad:E06 | Orrin Bank AG | lad:domicile | DE |
| lad:E06 | Orrin Bank AG | lad:entityType | lad:etype-BANK |
| lad:E06 | Orrin Bank AG | lad:lei | 549300AMVE3VRVG7HK43 |
| lad:E06 | Orrin Bank AG | lad:name | Orrin Bank AG |
| lad:E06 | Orrin Bank AG | lad:sourceSystem | RATINGS |
| lad:E06 | Orrin Bank AG | lad:ultimateParent | lad:E06 |
| lad:E07 | Pellam Retail Ltd | lad:country | GB |
| lad:E07 | Pellam Retail Ltd | lad:domicile | GB |
| lad:E07 | Pellam Retail Ltd | lad:entityType | lad:etype-CORP |
(4847 more rows not shown)
Run more queries, or give the final answers.The model
<invoke name="sparql">
</invoke>
```sparql
PREFIX lad: <https://example.org/ladder/>
SELECT ?e ?n (GROUP_CONCAT(DISTINCT STR(?d);separator=",") AS ?dom) (GROUP_CONCAT(DISTINCT STRAFTER(STR(?t),"etype-");separator=",") AS ?ty) (GROUP_CONCAT(DISTINCT STRAFTER(STR(?p),"ladder/");separator=",") AS ?par) (GROUP_CONCAT(DISTINCT STRAFTER(STR(?u),"ladder/");separator=",") AS ?up) (GROUP_CONCAT(DISTINCT STRAFTER(STR(?s),"ladder/");separator=",") AS ?same)
WHERE { ?e a lad:Entity . OPTIONAL{?e lad:name ?n} OPTIONAL{?e lad:domicile ?d} OPTIONAL{?e lad:entityType ?t} OPTIONAL{?e lad:parent ?p} OPTIONAL{?e lad:ultimateParent ?u} OPTIONAL{?e lad:sameEntityAs ?s} }
GROUP BY ?e ?n ORDER BY ?e
```Query results
Query 1:
| e | n | dom | ty | par | up | same |
|---|---|---|---|---|---|---|
| lad:CV | Republic of Corvenia | CV | SOV | Non-literal passes as string: NotBoundError(None) | CV | Non-literal passes as string: NotBoundError(None) |
| lad:E01 | Kestrel Energy plc | GB | CORP | Non-literal passes as string: NotBoundError(None) | E01 | Non-literal passes as string: NotBoundError(None) |
| lad:E02 | Northwind Holdings plc | GB | CORP | Non-literal passes as string: NotBoundError(None) | E02 | E03 |
| lad:E03 | NORTHWIND HLDGS | GB | CORP | Non-literal passes as string: NotBoundError(None) | E03 | E02 |
| lad:E04 | Northwind Finance BV | NL | FINSUB | E02 | E02,E03 | Non-literal passes as string: NotBoundError(None),Non-literal passes as string: NotBoundError(None) |
| lad:E05 | Valdoria Telecom SA | VD | CORP | Non-literal passes as string: NotBoundError(None) | E05 | Non-literal passes as string: NotBoundError(None) |
| lad:E06 | Orrin Bank AG | DE | BANK | Non-literal passes as string: NotBoundError(None) | E06 | Non-literal passes as string: NotBoundError(None) |
| lad:E07 | Pellam Retail Ltd | GB | CORP | Non-literal passes as string: NotBoundError(None) | E07 | Non-literal passes as string: NotBoundError(None) |
| lad:E08 | Saxby Shipping SA | GR | CORP | Non-literal passes as string: NotBoundError(None) | E08 | Non-literal passes as string: NotBoundError(None) |
| lad:E09 | Halden Group plc | GB | CORP | Non-literal passes as string: NotBoundError(None) | E09 | Non-literal passes as string: NotBoundError(None) |
| lad:E10 | Halden Bank AG | LU | BANK | E09 | E09 | E17 |
| lad:E1001 | Tunod Steel SA | FR | CORP | Non-literal passes as string: NotBoundError(None) | E1001 | E1002 |
| lad:E1002 | TUNOD STEEL SA | FR | CORP | Non-literal passes as string: NotBoundError(None) | E1002 | E1001 |
| lad:E1003 | Rilol Telecom plc | GB | BANK | Non-literal passes as string: NotBoundError(None) | E1003 | Non-literal passes as string: NotBoundError(None) |
| lad:E1004 | Munem Retail SA | ES | CORP | Non-literal passes as string: NotBoundError(None) | E1004 | Non-literal passes as string: NotBoundError(None) |
| lad:E1005 | Setan Airlines Inc | US | CORP | Non-literal passes as string: NotBoundError(None) | E1005 | Non-literal passes as string: NotBoundError(None) |
| lad:E1006 | Soson Airlines Inc | US | CORP | E1005 | E1005 | Non-literal passes as string: NotBoundError(None) |
| lad:E1007 | Golod Property plc | GB | BANK | Non-literal passes as string: NotBoundError(None) | E1007 | Non-literal passes as string: NotBoundError(None) |
| lad:E1008 | Sotil Retail plc | GB | CORP | Non-literal passes as string: NotBoundError(None) | E1008 | Non-literal passes as string: NotBoundError(None) |
| lad:E1009 | Malam Chemicals Inc | US | CORP | Non-literal passes as string: NotBoundError(None) | E1009 | Non-literal passes as string: NotBoundError(None) |
| lad:E1010 | Buvir Industries Inc | US | CORP | Non-literal passes as string: NotBoundError(None) | E1010 | Non-literal passes as string: NotBoundError(None) |
| lad:E1011 | Falom Media Inc | US | BANK | Non-literal passes as string: NotBoundError(None) | E1011 | Non-literal passes as string: NotBoundError(None) |
| lad:E1012 | Posad Industries SA | FR | CORP | Non-literal passes as string: NotBoundError(None) | E1012 | Non-literal passes as string: NotBoundError(None) |
| lad:E1013 | Pisol Pharma BV | NL | BANK | E1004 | E1004 | Non-literal passes as string: NotBoundError(None) |
| lad:E1014 | Toral Utilities BV | NL | CORP | Non-literal passes as string: NotBoundError(None) | E1014 | Non-literal passes as string: NotBoundError(None) |
| lad:E1015 | Civen Steel Inc | US | CORP | Non-literal passes as string: NotBoundError(None) | E1015 | Non-literal passes as string: NotBoundError(None) |
| lad:E1016 | Ponar Telecom SA | ES | BANK | Non-literal passes as string: NotBoundError(None) | E1016 | Non-literal passes as string: NotBoundError(None) |
| lad:E1017 | Nisid Steel SA | FR | BANK | Non-literal passes as string: NotBoundError(None) | E1017 | Non-literal passes as string: NotBoundError(None) |
| lad:E1018 | Tosem Mining Inc | US | CORP | Non-literal passes as string: NotBoundError(None) | E1018 | Non-literal passes as string: NotBoundError(None) |
| lad:E1019 | Losol Mining SA | CV | CORP | Non-literal passes as string: NotBoundError(None) | E1019 | Non-literal passes as string: NotBoundError(None) |
| lad:E1020 | Finel Media AG | DE | CORP | Non-literal passes as string: NotBoundError(None) | E1020 | Non-literal passes as string: NotBoundError(None) |
| lad:E1021 | Niner Pharma plc | GB | CORP | Non-literal passes as string: NotBoundError(None) | E1021 | E1022 |
| lad:E1022 | NINER PHARMA | GB | CORP | Non-literal passes as string: NotBoundError(None) | E1022 | E1021 |
| lad:E1023 | Heled Water plc | GB | CORP | Non-literal passes as string: NotBoundError(None) | E1023 | Non-literal passes as string: NotBoundError(None) |
| lad:E1024 | Susin Shipping BV | NL | CORP | Non-literal passes as string: NotBoundError(None) | E1024 | Non-literal passes as string: NotBoundError(None) |
| lad:E1025 | Tulol Shipping SA | ES | BANK | Non-literal passes as string: NotBoundError(None) | E1025 | Non-literal passes as string: NotBoundError(None) |
| lad:E1026 | Vunam Water BV | NL | CORP | Non-literal passes as string: NotBoundError(None) | E1026 | Non-literal passes as string: NotBoundError(None) |
| lad:E1027 | Tesad Media Inc | US | CORP | Non-literal passes as string: NotBoundError(None) | E1027 | Non-literal passes as string: NotBoundError(None) |
| lad:E1028 | Mutir Retail SA | VD | CORP | Non-literal passes as string: NotBoundError(None) | E1028 | Non-literal passes as string: NotBoundError(None) |
| lad:E1029 | Leson Telecom Inc | US | BANK | Non-literal passes as string: NotBoundError(None) | E1029 | E1030 |
| lad:E1030 | LESON TELECOM INC | US | BANK | Non-literal passes as string: NotBoundError(None) | E1030 | E1029 |
| lad:E1031 | Kuvir Logistics SA | ES | CORP | Non-literal passes as string: NotBoundError(None) | E1031 | Non-literal passes as string: NotBoundError(None) |
| lad:E1032 | Helom Chemicals BV | NL | BANK | Non-literal passes as string: NotBoundError(None) | E1032 | Non-literal passes as string: NotBoundError(None) |
| lad:E1033 | Kunid Pharma SA | ES | CORP | E1004 | E1004 | Non-literal passes as string: NotBoundError(None) |
| lad:E1034 | Tanad Capital SpA | IT | CORP | Non-literal passes as string: NotBoundError(None) | E1034 | Non-literal passes as string: NotBoundError(None) |
| lad:E1035 | Kavod Utilities AG | DE | CORP | Non-literal passes as string: NotBoundError(None) | E1035 | Non-literal passes as string: NotBoundError(None) |
| lad:E1036 | Lilor Retail AG | DE | CORP | Non-literal passes as string: NotBoundError(None) | E1036 | Non-literal passes as string: NotBoundError(None) |
| lad:E1037 | Natil Retail SA | FR | CORP | Non-literal passes as string: NotBoundError(None) | E1037 | Non-literal passes as string: NotBoundError(None) |
| lad:E1038 | Lanon Telecom BV | NL | CORP | Non-literal passes as string: NotBoundError(None) | E1038 | Non-literal passes as string: NotBoundError(None) |
| lad:E1039 | Pulor Airlines SA | CV | BANK | Non-literal passes as string: NotBoundError(None) | E1039 | Non-literal passes as string: NotBoundError(None) |
| lad:E1040 | Dorid Mining AG | DE | CORP | Non-literal passes as string: NotBoundError(None) | E1040 | Non-literal passes as string: NotBoundError(None) |
| lad:E1041 | Hiral Steel SA | ES | CORP | Non-literal passes as string: NotBoundError(None) | E1041 | Non-literal passes as string: NotBoundError(None) |
| lad:E1042 | Rerod Steel BV | NL | CORP | Non-literal passes as string: NotBoundError(None) | E1042 | Non-literal passes as string: NotBoundError(None) |
| lad:E1043 | Vitom Property plc | GB | CORP | Non-literal passes as string: NotBoundError(None) | E1043 | Non-literal passes as string: NotBoundError(None) |
| lad:E1044 | Hesid Telecom Inc | US | BANK | Non-literal passes as string: NotBoundError(None) | E1044 | Non-literal passes as string: NotBoundError(None) |
| lad:E1045 | Nesid Logistics Inc | US | BANK | Non-literal passes as string: NotBoundError(None) | E1045 | Non-literal passes as string: NotBoundError(None) |
| lad:E1046 | Ditin Shipping Inc | US | BANK | E1026 | E1026 | Non-literal passes as string: NotBoundError(None) |
| lad:E1047 | Vaved Pharma plc | GB | CORP | E1020 | E1020 | Non-literal passes as string: NotBoundError(None) |
| lad:E1048 | Lised Pharma AG | DE | CORP | Non-literal passes as string: NotBoundError(None) | E1048 | Non-literal passes as string: NotBoundError(None) |
| lad:E1049 | Paser Utilities plc | GB | CORP | Non-literal passes as string: NotBoundError(None) | E1049 | Non-literal passes as string: NotBoundError(None) |
(480 more rows not shown)
Run more queries, or give the final answers.The model
<invoke name="sparql">
<parameter name="query">PREFIX lad: <https://example.org/ladder/>
SELECT ?a ?t ?rt ?th ?r ?d ?act ?o ?w ?ccy ?vt ?c WHERE { ?a a lad:RatingAction . ?a lad:ratedThing ?th . FILTER(?th IN (lad:E01,lad:E02,lad:E03,lad:E04,lad:E05,lad:E06,lad:E07)) OPTIONAL{?a lad:rating ?r} OPTIONAL{?a lad:ratingType ?rt} OPTIONAL{?a lad:date ?d} OPTIONAL{?a lad:action ?act} OPTIONAL{?a lad:outlook ?o} OPTIONAL{?a lad:watch ?w} OPTIONAL{?a lad:ccyBasis ?ccy} OPTIONAL{?a lad:validTo ?vt} OPTIONAL{?a lad:comment ?c} } ORDER BY ?th ?rt ?d</parameter>
</invoke>
ipsumQuery results
Query 1:
| a | t | rt | th | r | d | act | o | w | ccy | vt | c |
|---|---|---|---|---|---|---|---|---|---|---|---|
| lad:A01 | | lad:type-LTIDR | lad:E01 | A- | 2024-03-12 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | 2025-06-20 | |
| lad:A02 | | lad:type-LTIDR | lad:E01 | BBB | 2025-06-20 | lad:action-DG | lad:outlook-STA | | lad:basis-FC | 2026-02-10 | weaker cash flow after asset sale |
| lad:A03 | | lad:type-LTIDR | lad:E01 | BBB | 2026-02-10 | lad:action-AF | lad:outlook-NEG | | lad:basis-FC | | |
| lad:A04 | | lad:type-STIDR | lad:E01 | F2 | 2026-02-10 | lad:action-AF | | | lad:basis-FC | | |
| lad:A08 | | lad:type-LTIDR | lad:E02 | A | 2023-11-01 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | 2025-09-15 | |
| lad:A09 | | lad:type-LTIDR | lad:E03 | A | 2025-09-15 | lad:action-AF | lad:outlook-POS | | lad:basis-FC | | |
| lad:A13 | | lad:type-LTIDR | lad:E05 | BBB- | 2025-04-01 | lad:action-AS | lad:outlook-STA | | lad:basis-LC | | |
| lad:A14 | | lad:type-LTIDR | lad:E05 | BB | 2025-04-01 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | | |
| lad:A16 | | lad:type-LTIDR | lad:E06 | A- | 2024-05-01 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | 2026-09-03 | |
| lad:A17 | | lad:type-LTIDR | lad:E06 | A- | 2026-09-03 | lad:action-RW | | lad:watch-RWN | lad:basis-FC | | |
| lad:A18 | | lad:type-LTIDR | lad:E07 | BB | 2024-01-10 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | 2026-05-12 | |
| lad:A19 | | lad:type-LTIDR | lad:E07 | WD | 2026-05-12 | lad:action-WD | | | lad:basis-FC | | commercial reasons |
Run more queries, or give the final answers.The model
```sparql
PREFIX lad: <https://example.org/ladder/>
SELECT ?i ?l ?iss ?g ?cur ?mat ?sen ?cro ?lc ?desc WHERE { ?i a lad:Instrument . OPTIONAL{?i rdfs:label ?l} OPTIONAL{?i lad:issuer ?iss} OPTIONAL{?i lad:guarantor ?g} OPTIONAL{?i lad:currency ?cur} OPTIONAL{?i lad:maturity ?mat} OPTIONAL{?i lad:seniority ?sen} OPTIONAL{?i lad:creditRiskOf ?cro} OPTIONAL{?i lad:localCurrency ?lc} OPTIONAL{?i lad:description ?desc} FILTER(CONTAINS(STR(?i),"I0") || BOUND(?g)) } ORDER BY ?i LIMIT 60
```Query results
Query 1:
| i | l | iss | g | cur | mat | sen | cro | lc | desc |
|---|---|---|---|---|---|---|---|---|---|
| lad:I01 | Kestrel Energy 4.50% 2030 | lad:E01 | | GBP | 2030-03-15 | lad:seniority-SU | lad:E01 | true | Kestrel Energy 4.50% notes due 2030 |
| lad:I02 | Kestrel Energy 6.25% 2031 | lad:E01 | | GBP | 2031-09-30 | lad:seniority-SUB | lad:E01 | true | Kestrel Energy 6.25% notes due 2031 |
| lad:I03 | Northwind Finance 3.75% 2030 | lad:E04 | lad:E02 | EUR | 2030-05-01 | lad:seniority-SU | lad:E02 | true | Northwind Finance 3.75% notes due 2030 |
| lad:I04 | Valdoria Telecom 5.00% 2029 | lad:E05 | | USD | 2029-11-20 | lad:seniority-SU | lad:E05 | false | Valdoria Telecom 5.00% notes due 2029 |
| lad:I05 | Halden Leasing 2.90% 2028 | lad:E11 | lad:E10 | EUR | 2028-06-30 | lad:seniority-SU | lad:E10 | true | Halden Leasing 2.90% notes due 2028 |
| lad:I06 | Corvenia Power 7.10% 2032 | lad:E15 | | USD | 2032-02-15 | lad:seniority-SUB | lad:E15 | false | Corvenia Power 7.10% notes due 2032 |
| lad:I07 | Valdoria Telecom 4.25% 2027 | lad:E05 | | XVD | 2027-08-31 | lad:seniority-SU | lad:E05 | true | Valdoria Telecom 4.25% notes due 2027 |
| lad:I08 | Corvenia Power 6.00% 2034 | lad:E15 | | USD | 2034-09-01 | lad:seniority-SU | lad:E15 | false | Corvenia Power 6.00% notes due 2034 |
| lad:I1093 | Poval Chemicals Finance 2.50% 2034 | lad:E1325 | lad:E1084 | EUR | 2027-03-31 | lad:seniority-SU | lad:E1084 | true | Poval Chemicals Finance 2.50% notes due 2034 |
| lad:I1094 | Witad Steel Finance 6.50% 2027 | lad:E1326 | lad:E1052 | EUR | 2033-03-31 | lad:seniority-SU | lad:E1052 | true | Witad Steel Finance 6.50% notes due 2027 |
| lad:I1095 | Nuner Holdings Finance 4.50% 2032 | lad:E1327 | lad:E1119 | EUR | 2030-03-31 | lad:seniority-SU | lad:E1119 | false | Nuner Holdings Finance 4.50% notes due 2032 |
| lad:I1096 | Palad Mining Finance 6.50% 2030 | lad:E1328 | lad:E1244 | EUR | 2028-03-31 | lad:seniority-SU | lad:E1244 | false | Palad Mining Finance 6.50% notes due 2030 |
| lad:I1097 | Ganen Shipping Finance 5.50% 2030 | lad:E1329 | lad:E1069 | EUR | 2029-03-31 | lad:seniority-SU | lad:E1069 | true | Ganen Shipping Finance 5.50% notes due 2030 |
| lad:I1098 | Niner Pharma Finance 3.50% 2030 | lad:E1330 | lad:E1021 | EUR | 2032-03-31 | lad:seniority-SU | lad:E1021 | true | Niner Pharma Finance 3.50% notes due 2030 |
| lad:I1099 | Tulol Shipping Finance 3.50% 2034 | lad:E1331 | lad:E1025 | EUR | 2032-03-31 | lad:seniority-SU | lad:E1025 | true | Tulol Shipping Finance 3.50% notes due 2034 |
| lad:I1100 | Sanin Mining Finance 2.50% 2032 | lad:E1332 | lad:E1068 | EUR | 2028-03-31 | lad:seniority-SU | lad:E1068 | true | Sanin Mining Finance 2.50% notes due 2032 |
| lad:I1101 | Gilen Capital Finance 3.50% 2031 | lad:E1333 | lad:E1082 | EUR | 2034-03-31 | lad:seniority-SU | lad:E1082 | true | Gilen Capital Finance 3.50% notes due 2031 |
| lad:I1102 | Votim Industries Finance 3.50% 2027 | lad:E1334 | lad:E1260 | EUR | 2031-03-31 | lad:seniority-SU | lad:E1260 | true | Votim Industries Finance 3.50% notes due 2027 |
| lad:I1103 | Belor Telecom Finance 2.50% 2027 | lad:E1335 | lad:E1234 | EUR | 2030-03-31 | lad:seniority-SU | lad:E1234 | true | Belor Telecom Finance 2.50% notes due 2027 |
| lad:I1104 | Navor Holdings Finance 2.50% 2029 | lad:E1336 | lad:E1176 | EUR | 2033-03-31 | lad:seniority-SU | lad:E1176 | false | Navor Holdings Finance 2.50% notes due 2029 |
| lad:I1105 | Lanon Telecom Finance 5.50% 2028 | lad:E1337 | lad:E1038 | EUR | 2034-03-31 | lad:seniority-SU | lad:E1038 | false | Lanon Telecom Finance 5.50% notes due 2028 |
| lad:I1106 | Hivor Industries Finance 6.50% 2027 | lad:E1338 | lad:E1073 | EUR | 2033-03-31 | lad:seniority-SU | lad:E1073 | false | Hivor Industries Finance 6.50% notes due 2027 |
| lad:I1107 | Wivin Airlines Finance 2.50% 2031 | lad:E1339 | lad:E1241 | EUR | 2030-03-31 | lad:seniority-SU | lad:E1241 | true | Wivin Airlines Finance 2.50% notes due 2031 |
| lad:I5001 | Cerid Funding 4.25% 2033 | lad:E5005 | lad:E5001 | EUR | 2030-12-31 | lad:seniority-SU | lad:E5001 | false | Cerid Funding 4.25% notes due 2033 |
| lad:I5002 | Belir Funding 5.25% 2035 | lad:E5062 | lad:E5059 | EUR | 2029-12-31 | lad:seniority-SU | lad:E5059 | true | Belir Funding 5.25% notes due 2035 |
| lad:I5003 | Rotam Funding 3.25% 2032 | lad:E5090 | lad:E5086 | EUR | 2033-12-31 | lad:seniority-SU | lad:E5086 | false | Rotam Funding 3.25% notes due 2032 |
| lad:I5004 | Wonod Funding 4.25% 2032 | lad:E5108 | lad:E5105 | EUR | 2032-12-31 | lad:seniority-SU | lad:E5105 | true | Wonod Funding 4.25% notes due 2032 |
| lad:I5005 | Vesol Funding 7.25% 2033 | lad:E5135 | lad:E5132 | EUR | 2030-12-31 | lad:seniority-SU | lad:E5132 | false | Vesol Funding 7.25% notes due 2033 |
| lad:I5006 | Geren Funding 7.25% 2030 | lad:E5149 | lad:E5145 | EUR | 2032-12-31 | lad:seniority-SU | lad:E5145 | false | Geren Funding 7.25% notes due 2030 |
| lad:I5007 | Cross-group 4.75% 2031 | lad:E5133 | lad:E5145 | USD | 2031-06-30 | lad:seniority-SU | lad:E5145 | false | Cross-group 4.75% notes due 2031 |
Run more queries, or give the final answers.The model
<invoke name="sparql">
<parameter name="query">PREFIX lad: <https://example.org/ladder/>
SELECT ?a ?th ?rt ?r ?d ?act ?o ?w ?ccy ?vt ?c WHERE { ?a a lad:RatingAction . ?a lad:ratedThing ?th . FILTER(?th IN (lad:E08,lad:E09,lad:E10,lad:E11,lad:E12,lad:E13,lad:E14,lad:E15,lad:E16,lad:E17,lad:E18,lad:E19,lad:E20,lad:CV,lad:VD,lad:I01,lad:I02,lad:I06,lad:I07,lad:I08)) OPTIONAL{?a lad:rating ?r} OPTIONAL{?a lad:ratingType ?rt} OPTIONAL{?a lad:date ?d} OPTIONAL{?a lad:action ?act} OPTIONAL{?a lad:outlook ?o} OPTIONAL{?a lad:watch ?w} OPTIONAL{?a lad:ccyBasis ?ccy} OPTIONAL{?a lad:validTo ?vt} OPTIONAL{?a lad:comment ?c} } ORDER BY ?th ?rt ?d</parameter>
</invoke>
<invoke name="sparql">
<parameter name="query">PREFIX lad: <https://example.org/ladder/>
SELECT ?e ?n ?dom ?p ?u ?s WHERE { ?e a lad:Entity . FILTER(REGEX(STR(?e),"ladder/(E[0-9]$|E1[0-9]$|E2[0-9]$|VD|CV)")) OPTIONAL{?e lad:name ?n} OPTIONAL{?e lad:domicile ?dom} OPTIONAL{?e lad:parent ?p} OPTIONAL{?e lad:ultimateParent ?u} OPTIONAL{?e lad:sameEntityAs ?s} } ORDER BY ?e</parameter>
</invoke>Query results
Query 1:
| a | th | rt | r | d | act | o | w | ccy | vt | c |
|---|---|---|---|---|---|---|---|---|---|---|
| lad:A37 | lad:CV | lad:type-CC | A | 2024-01-01 | lad:action-AS | | | | | |
| lad:A38 | lad:CV | lad:type-LTIDR | BBB+ | 2024-01-01 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | | |
| lad:A39 | lad:CV | lad:type-LTIDR | A- | 2024-01-01 | lad:action-AS | lad:outlook-STA | | lad:basis-LC | | |
| lad:A20 | lad:E08 | lad:type-LTIDR | B | 2024-06-01 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | 2026-01-20 | |
| lad:A21 | lad:E08 | lad:type-LTIDR | CCC | 2026-01-20 | lad:action-DG | | | lad:basis-FC | 2026-07-08 | |
| lad:A22 | lad:E08 | lad:type-LTIDR | RD | 2026-07-08 | lad:action-DG | | | lad:basis-FC | | distressed debt exchange completed |
| lad:A24 | lad:E09 | lad:type-LTIDR | A | 2023-05-01 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | 2026-03-01 | |
| lad:A25 | lad:E09 | lad:type-LTIDR | A | 2026-03-01 | lad:action-AF | lad:outlook-NEG | | lad:basis-FC | | |
| lad:A26 | lad:E10 | lad:type-LTIDR | A- | 2023-05-01 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | 2026-04-15 | support from parent |
| lad:A27 | lad:E10 | lad:type-LTIDR | BBB+ | 2026-04-15 | lad:action-DG | lad:outlook-STA | | lad:basis-FC | | |
| lad:A46 | lad:E11 | lad:type-CO | BBB | 2025-02-01 | lad:action-AS | | | | | |
| lad:A30 | lad:E12 | lad:type-LTIDR | BB- | 2024-02-01 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | 2025-08-01 | |
| lad:A31 | lad:E12 | lad:type-LTIDR | BB | 2025-08-01 | lad:action-UG | lad:outlook-STA | | lad:basis-FC | | |
| lad:A32 | lad:E13 | lad:type-LTIDR | BBB | 2024-07-01 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | | |
| lad:A34 | lad:E14 | lad:type-LTIDR | A- | 2023-01-15 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | 2024-09-30 | |
| lad:A36 | lad:E14 | lad:type-LTIDR | BBB+ | 2024-09-30 | lad:action-DG | lad:outlook-STA | | lad:basis-FC | 2025-11-20 | |
| lad:A35 | lad:E14 | lad:type-LTIDR | BBB+ | 2025-11-20 | lad:action-RW | | lad:watch-RWN | lad:basis-FC | 2026-05-01 | |
| lad:A33 | lad:E14 | lad:type-LTIDR | BBB+ | 2026-05-01 | lad:action-AF | lad:outlook-STA | | lad:basis-FC | | |
| lad:A40 | lad:E15 | lad:type-LTIDR | A+ | 2024-03-01 | lad:action-AS | lad:outlook-STA | | lad:basis-LC | | |
| lad:A41 | lad:E15 | lad:type-LTIDR | A | 2024-03-01 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | | |
| lad:A43 | lad:E16 | lad:type-LTIDR | BBB- | 2024-04-01 | lad:action-AS | lad:outlook-STA | | lad:basis-FC | 2026-06-01 | |
| lad:A44 | lad:E16 | lad:type-LTIDR | BB+ | 2026-06-01 | lad:action-DG | lad:outlook-STA | | lad:basis-FC | | |
| lad:A05 | lad:I01 | lad:type-INST | A- | 2024-03-12 | lad:action-AS | | | | 2025-06-20 | |
| lad:A06 | lad:I01 | lad:type-INST | BBB | 2025-06-20 | lad:action-DG | | | | | |
| lad:A23 | lad:I02 | lad:type-INST | BBB | 2024-03-12 | lad:action-AS | | | | 2025-06-20 | |
| lad:A07 | lad:I02 | lad:type-INST | BB+ | 2025-06-20 | lad:action-DG | | | | | |
| lad:A42 | lad:I06 | lad:type-INST | A- | 2024-03-01 | lad:action-AS | | | | | |
| lad:A45 | lad:I07 | lad:type-INST | BBB- | 2025-04-01 | lad:action-AS | | | | | |
| lad:A47 | lad:I08 | lad:type-INST | A | 2026-09-01 | lad:action-EX | | | | | |
| lad:A12 | lad:VD | lad:type-CC | BB | 2025-04-01 | lad:action-AS | | | | | |
Query 2:
| e | n | dom | p | u | s |
|---|---|---|---|---|---|
| lad:CV | Republic of Corvenia | CV | | lad:CV | |
| lad:E10 | Halden Bank AG | LU | lad:E09 | lad:E09 | lad:E17 |
| lad:E11 | Halden Leasing SA | FR | lad:E10 | lad:E09 | |
| lad:E12 | Halden Foods Ltd | GB | | lad:E12 | |
| lad:E13 | Orrin Bancorp Inc | US | | lad:E13 | |
| lad:E14 | Marlow Utilities plc | GB | | lad:E14 | |
| lad:E15 | Corvenia Power SA | CV | | lad:E15 | |
| lad:E16 | Brindle Capital Ltd | GB | | | |
| lad:E17 | HALDEN BANK | LU | | lad:E09 | lad:E10 |
| lad:VD | Republic of Valdoria | VD | | lad:VD | |
Run more queries, or give the final answers.The model
<invoke name="sparql">
<parameter name="query">PREFIX lad: <https://example.org/ladder/>
SELECT ?r (COUNT(DISTINCT ?t) AS ?n) WHERE { ?a a lad:RatingInForce ; lad:ratedThing ?t ; lad:rating ?r . ?t a lad:Instrument } GROUP BY ?r</parameter>
</invoke>
<parameter name="query">PREFIX lad: <https://example.org/ladder/>
SELECT ?rt ?r ?w ?o (COUNT(DISTINCT ?t) AS ?n) (COUNT(DISTINCT ?a) AS ?na) WHERE { ?a a lad:RatingInForce ; lad:ratedThing ?t ; lad:ratingType ?rt . ?t a lad:Entity . OPTIONAL{?a lad:rating ?r} OPTIONAL{?a lad:watch ?w} OPTIONAL{?a lad:outlook ?o} FILTER(?rt=lad:type-LTIDR && (BOUND(?w) || ?o=lad:outlook-NEG || ?r IN ("RD","D","SD","WD"))) } GROUP BY ?rt ?r ?w ?o</parameter>
<parameter name="query">PREFIX lad: <https://example.org/ladder/>
SELECT (COUNT(DISTINCT ?e) AS ?ents) (COUNT(DISTINCT ?lu) AS ?luN) WHERE { ?e a lad:Entity . OPTIONAL{ ?e lad:domicile ?d . FILTER(?d="LU") BIND(?e AS ?lu)} }</parameter>
<parameter name="query">PREFIX lad: <https://example.org/ladder/>
SELECT ?e ?n ?p ?u WHERE { ?e a lad:Entity ; lad:name ?n . OPTIONAL{?e lad:parent ?p} OPTIONAL{?e lad:ultimateParent ?u} FILTER(REGEX(STR(?e),"E50|E51|E52")) } ORDER BY ?e</parameter>
<parameter name="query">PREFIX lad: <https://example.org/ladder/>
SELECT DISTINCT ?t ?r ?d WHERE { ?a a lad:RatingAction ; lad:ratedThing ?t ; lad:rating ?r ; lad:date ?d . FILTER(?r IN ("RD","D","SD")) }</parameter>Query results
Query 1:
| r | n |
|---|---|
| BBB | 7 |
| BB+ | 16 |
| BB- | 5 |
| BBB- | 18 |
| A | 12 |
| BB | 8 |
| B+ | 6 |
| A- | 9 |
| A+ | 15 |
| B | 6 |
| BBB+ | 7 |
| AA- | 4 |
Run more queries, or give the final answers.The model
```sparql
PREFIX lad: <https://example.org/ladder/>
SELECT ?rt ?r ?w ?o (COUNT(DISTINCT ?t) AS ?n) WHERE { ?a a lad:RatingInForce ; lad:ratedThing ?t ; lad:ratingType ?rt . ?t a lad:Entity . OPTIONAL{?a lad:rating ?r} OPTIONAL{?a lad:watch ?w} OPTIONAL{?a lad:outlook ?o} FILTER(?rt=lad:type-LTIDR && (BOUND(?w) || ?o=lad:outlook-NEG || ?r IN ("RD","D","SD","WD"))) } GROUP BY ?rt ?r ?w ?o
```
```sparql
PREFIX lad: <https://example.org/ladder/>
SELECT (COUNT(DISTINCT ?e) AS ?ents) (COUNT(DISTINCT ?lu) AS ?luN) WHERE { ?e a lad:Entity . OPTIONAL{ ?e lad:domicile ?d . FILTER(?d="LU") BIND(?e AS ?lu)} }
```
```sparql
PREFIX lad: <https://example.org/ladder/>
SELECT ?t ?r ?d WHERE { ?a a lad:RatingAction ; lad:ratedThing ?t ; lad:rating ?r ; lad:date ?d . FILTER(?r IN ("RD","D","SD")) }
```Query results
Query 1:
| rt | r | w | o | n |
|---|---|---|---|---|
| lad:type-LTIDR | BBB | | lad:outlook-NEG | 4 |
| lad:type-LTIDR | BB | | lad:outlook-NEG | 2 |
| lad:type-LTIDR | AA | lad:watch-RWN | | 1 |
| lad:type-LTIDR | BB- | lad:watch-RWN | | 2 |
| lad:type-LTIDR | BBB- | lad:watch-RWN | | 4 |
| lad:type-LTIDR | A- | | lad:outlook-NEG | 5 |
| lad:type-LTIDR | BBB+ | | lad:outlook-NEG | 4 |
| lad:type-LTIDR | A | lad:watch-RWN | | 4 |
| lad:type-LTIDR | AA- | | lad:outlook-NEG | 1 |
| lad:type-LTIDR | BBB- | | lad:outlook-NEG | 5 |
| lad:type-LTIDR | A+ | | lad:outlook-NEG | 3 |
| lad:type-LTIDR | BB- | | lad:outlook-NEG | 6 |
| lad:type-LTIDR | A- | lad:watch-RWN | | 4 |
| lad:type-LTIDR | BB+ | | lad:outlook-NEG | 5 |
| lad:type-LTIDR | B+ | lad:watch-RWN | | 4 |
| lad:type-LTIDR | BB+ | lad:watch-RWN | | 1 |
| lad:type-LTIDR | A+ | lad:watch-RWN | | 1 |
| lad:type-LTIDR | BB | lad:watch-RWN | | 4 |
| lad:type-LTIDR | B | | lad:outlook-NEG | 2 |
| lad:type-LTIDR | BBB+ | lad:watch-RWN | | 1 |
| lad:type-LTIDR | AA- | lad:watch-RWN | | 2 |
| lad:type-LTIDR | BBB | lad:watch-RWN | | 4 |
| lad:type-LTIDR | B+ | | lad:outlook-NEG | 1 |
| lad:type-LTIDR | RD | | | 1 |
| lad:type-LTIDR | A | | lad:outlook-NEG | 5 |
| lad:type-LTIDR | B- | | lad:outlook-NEG | 5 |
Query 2:
| ents | luN |
|---|---|
| 540 | 2 |
Query 3:
| t | r | d |
|---|---|---|
| lad:E08 | RD | 2026-07-08 |
Run more queries, or give the final answers.The model
<invoke name="sparql">
<parameter name="query">PREFIX lad: <https://example.org/ladder/>
SELECT ?k (GROUP_CONCAT(DISTINCT STRAFTER(STR(?t),"ladder/");separator=",") AS ?ents) (COUNT(DISTINCT ?t) AS ?n) WHERE { ?a a lad:RatingInForce ; lad:ratedThing ?t ; lad:ratingType lad:type-LTIDR . ?t a lad:Entity . OPTIONAL{?a lad:watch ?w} OPTIONAL{?a lad:outlook ?o} BIND(IF(BOUND(?w),"RWN",IF(?o=lad:outlook-NEG,"NEG","other")) AS ?k) FILTER(?k!="other") } GROUP BY ?k</parameter>
</invoke>
<invoke name="sparql">
<parameter name="query">PREFIX lad: <https://example.org/ladder/>
SELECT (COUNT(DISTINCT ?t) AS ?issuerRecs) (COUNT(DISTINCT ?gb) AS ?gbRecs) WHERE { ?a a lad:RatingInForce ; lad:ratedThing ?t ; lad:ratingType lad:type-LTIDR . ?t a lad:Entity . FILTER(?rr != "WD") ?a lad:rating ?rr . OPTIONAL{?t lad:domicile "GB" . BIND(?t AS ?gb)} }</parameter>
</invoke>
<invoke name="sparql">
<parameter name="query">PREFIX lad: <https://example.org/ladder/>
SELECT (COUNT(DISTINCT ?e) AS ?recs) (COUNT(DISTINCT ?e2) AS ?dups) WHERE { ?e a lad:Entity . OPTIONAL{ ?e lad:sameEntityAs ?o . BIND(?e AS ?e2) } }</parameter>
</invoke>
<invoke name="sparql">
<parameter name="query">PREFIX lad: <https://example.org/ladder/>
SELECT ?u (COUNT(DISTINCT ?e) AS ?n) WHERE { ?e lad:ultimateParent ?u . FILTER(?u IN (lad:E09,lad:E02,lad:E03)) } GROUP BY ?u</parameter>
</invoke>Query results
Query 1:
| k | ents | n |
|---|---|---|
| NEG | E01,E1005,E1029,E1034,E1046,E1055,E1056,E1060,E1064,E1072,E1079,E1080,E1105,E1118,E1158,E1161,E1188,E1190,E1211,E1228,E1248,E1262,E1263,E1271,E1282,E1294,E1300,E09,E5013,E5019,E5020,E5023,E5033,E5039,E5050,E5057,E5059,E5062,E5073,E5097,E5099,E5102,E5113,E5116,E5119,E5131,E5141,E5156 | 48 |
| RWN | E1006,E1013,E1019,E1037,E1039,E1059,E1061,E1066,E1088,E1098,E1099,E1109,E1126,E1132,E1133,E1146,E1168,E1181,E1194,E1203,E1210,E1238,E1242,E1260,E1264,E1266,E1267,E1297,E1314,E1317,E1323,E06 | 32 |
Query 2:
| issuerRecs | gbRecs |
|---|---|
| 378 | 79 |
Query 3:
| recs | dups |
|---|---|
| 540 | 58 |
Query 4:
| u | n |
|---|---|
| lad:E02 | 2 |
| lad:E03 | 2 |
| lad:E09 | 4 |
This was the last round: give the final answers now, with no more queries.The model
**Q1.** A-. Kestrel's foreign-currency issuer rating (LTIDR) was A- on 1 Jan 2025 (A01, valid to 2025-06-20).
**Q2.** No. The only downgrade was A02 on 2025-06-20; A03 on 2026-02-10 affirmed BBB and set a Negative outlook.
**Q3.** No, BB+. The 2031 note I02 was cut to BB+ by A07.
**Q4.** Positive. E02 and E03 are the same entity, and A09 (E03, 2025-09-15) is A with a Positive outlook.
**Q5.** E02, rated A. I03 is guaranteed by E02, and E02/E03 hold A (A09).
**Q6.** Valdoria's Country Ceiling is BB (A12). It caps the foreign-currency rating at BB (A14), while the local-currency rating is BBB- (A13).
**Q7.** E08, E10 and E16 (A21/A22, A27, A44). I only checked records E01–E16, so other issuers may be missing.
**Q8.** E08, which has been RD since A22 on 2026-07-08.
**Q9.** 378, counted as rated records. I did not collapse duplicate records, so this may be too high.
**Q10.** Depends. The local-currency rating is BBB- (investment grade), but the foreign-currency rating is BB (not).
**Q11.** BBB+ (A36).
**Q12.** A- (A34).
**Q13.** 1 (A36).
**Q14.** BB- (A30).
**Q15.** A- (A26).
**Q16.** No. It was BBB+ on 1 Jan 2025 and is BBB+ now (A33); only the watch status changed.
**Q17.** No. A17 was a Rating Watch Negative placement with A- unchanged.
**Q18.** 32 issuers, listed in the JSON.
**Q19.** 48 issuers, listed in the JSON.
**Q20.** No. E07's rating was withdrawn (A19, WD, "commercial reasons"), which is not a default.
**Q21.** E07. Its rating was withdrawn on 2026-05-12 (A19), and I found no other case.
**Q22.** E08 (RD on 2026-07-08) is the only default record.
**Q23.** F2 (A04).
**Q24.** Yes, BBB (A03).
**Q25.** 72, summing the investment-grade rating buckets of instruments in force.
**Q26.** A+ (A40).
**Q27.** A- (A42).
**Q28.** BBB+ (A38).
**Q29.** None. The data holds only a Country Ceiling of BB for VD (A12) and no issuer rating.
**Q30.** E05 (BB at the VD ceiling of BB) and E15 (A at the CV ceiling of A). I checked only a few entities, so this may be incomplete.
**Q31.** No known case. E05 and E15 are at their ceilings, not above them, but I did not check every company.
**Q32.** E09.
**Q33.** E10, rated BBB+ (A27). I05 is guaranteed by E10.
**Q34.** No. E12 has no parent, so it is not in E09's group.
**Q35.** 3. E09, E10 and E11, where E17 is a duplicate record of E10.
**Q36.** 2. E02 (E03 is the same entity) and E04.
**Q37.** 511. There are 540 records, and 58 of them form 29 sameEntityAs pairs.
**Q38.** No. E06 and E13 are separate records with no sameEntityAs link.
**Q39.** A (A09).
**Q40.** 79, counted as records, so duplicates may inflate it.
**Q41.** BB+ (A44).
**Q42.** LU.
**Q43.** 1. Only E10 and E17 are in LU, and they are the same entity.
**Q44.** Yes. I07 has localCurrency true.
**Q45.** No. I07 is a local-currency obligation, so the foreign-currency ceiling does not apply to it.
**Q46.** No. E11 has only a BBB rating of type CO (A46), not an issuer rating.
**Q47.** A (A47).
**Q48.** 113, summing the instruments in force by rating.
**Q49–Q59, Q61.** Not answered. My queries did not retrieve the group structure for these.
**Q60.** E5145, and no. I5007 is guaranteed by E5145, which is in a different group from the issuer E5133.
```json
{"Q1":{"rating":"A-"},"Q2":{"downgraded":"no"},"Q3":{"investment_grade":"no","rating":"BB+"},"Q4":{"outlook":"Positive"},"Q5":{"risk_of":"E02","rating":"A"},"Q7":{"issuers":["E08","E10","E16"]},"Q8":{"entities":["E08"]},"Q9":{"count":378},"Q10":{"investment_grade":"depends"},"Q11":{"rating":"BBB+"},"Q12":{"rating":"A-"},"Q13":{"count":1},"Q14":{"rating":"BB-"},"Q15":{"rating":"A-"},"Q16":{"changed":"no"},"Q17":{"downgraded":"no"},"Q18":{"issuers":["E1006","E1013","E1019","E1037","E1039","E1059","E1061","E1066","E1088","E1098","E1099","E1109","E1126","E1132","E1133","E1146","E1168","E1181","E1194","E1203","E1210","E1238","E1242","E1260","E1264","E1266","E1267","E1297","E1314","E1317","E1323","E06"]},"Q19":{"issuers":["E01","E1005","E1029","E1034","E1046","E1055","E1056","E1060","E1064","E1072","E1079","E1080","E1105","E1118","E1158","E1161","E1188","E1190","E1211","E1228","E1248","E1262","E1263","E1271","E1282","E1294","E1300","E09","E5013","E5019","E5020","E5023","E5033","E5039","E5050","E5057","E5059","E5062","E5073","E5097","E5099","E5102","E5113","E5116","E5119","E5131","E5141","E5156"]},"Q20":{"in_default":"no"},"Q21":{"entities":["E07"]},"Q22":{"entities":["E08"]},"Q23":{"rating":"F2"},"Q24":{"investment_grade":"yes"},"Q25":{"count":72},"Q26":{"rating":"A+"},"Q27":{"rating":"A-"},"Q28":{"rating":"BBB+"},"Q29":{"rating":"none"},"Q30":{"entities":["E05","E15"]},"Q31":{"any":"no"},"Q32":{"parent":"E09"},"Q33":{"risk_of":"E10","rating":"BBB+"},"Q34":{"same_group":"no"},"Q35":{"count":3},"Q36":{"count":2},"Q37":{"count":511},"Q38":{"same":"no"},"Q39":{"rating":"A"},"Q40":{"count":79},"Q41":{"rating":"BB+"},"Q42":{"country":"LU"},"Q43":{"count":1},"Q44":{"local_currency":"yes"},"Q45":{"above_ceiling":"no"},"Q46":{"issuer_rating":"no"},"Q47":{"rating":"A"},"Q48":{"count":113},"Q49":{"parent":null},"Q50":{"count":null},"Q51":{"count":null},"Q52":{"count":null},"Q53":{"same_group":null},"Q54":{"entities":[]},"Q55":{"count":null},"Q56":{"rating":null},"Q57":{"entity":null},"Q58":{"entities":[]},"Q59":{"count":null},"Q60":{"risk_of":"E5145","same_group":"no"},"Q61":{"count":null}}
```