D4 sparql, run 4: the query session

31 queries0 failed7 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:country`, `lad:entityType`, `lad:lei`, `lad:name`, `lad:parent`, `lad:sourceSystem`
- `lad:Instrument`: `rdf:type`, `rdfs:label`, `lad:currency`, `lad:description`, `lad:guarantor`, `lad:issuer`, `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:watch`

## 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

I'll start by exploring the data structure.

```sparql
SELECT ?s ?p ?o WHERE { ?s ?p ?o . ?s a lad:Entity } ORDER BY ?s ?p LIMIT 400
```

```sparql
SELECT ?s ?p ?o WHERE { ?s ?p ?o . ?s a lad:Instrument } ORDER BY ?s ?p LIMIT 400
```

```sparql
SELECT ?s ?p ?o WHERE { ?s ?p ?o . ?s a lad:RatingAction } ORDER BY ?s ?p LIMIT 1000
```

Query results

Query 1:

| s | p | o |
|---|---|---|
| lad:CV | rdf:type | lad:Entity |
| lad:CV | rdfs:label | Republic of Corvenia |
| lad:CV | lad:country | CV |
| lad:CV | lad:entityType | lad:etype-SOV |
| lad:CV | lad:name | Republic of Corvenia |
| lad:CV | lad:sourceSystem | RATINGS |
| lad:E01 | rdf:type | lad:Entity |
| lad:E01 | rdfs:label | Kestrel Energy plc |
| lad:E01 | lad:country | GB |
| lad:E01 | lad:entityType | lad:etype-CORP |
| lad:E01 | lad:lei | 7245002OOPBG04092E43 |
| lad:E01 | lad:name | Kestrel Energy plc |
| lad:E01 | lad:sourceSystem | RATINGS |
| lad:E02 | rdf:type | lad:Entity |
| lad:E02 | rdfs:label | Northwind Holdings plc |
| lad:E02 | lad:country | GB |
| lad:E02 | lad:entityType | lad:etype-CORP |
| lad:E02 | lad:lei | 213800PHEIYNJMHTDV74 |
| lad:E02 | lad:name | Northwind Holdings plc |
| lad:E02 | lad:sourceSystem | RATINGS |
| lad:E03 | rdf:type | lad:Entity |
| lad:E03 | rdfs:label | NORTHWIND HLDGS |
| lad:E03 | lad:country | GB |
| lad:E03 | lad:entityType | lad:etype-CORP |
| lad:E03 | lad:lei | 213800PHEIYNJMHTDV74 |
| lad:E03 | lad:name | NORTHWIND HLDGS |
| lad:E03 | lad:sourceSystem | RESEARCH |
| lad:E04 | rdf:type | lad:Entity |
| lad:E04 | rdfs:label | Northwind Finance BV |
| lad:E04 | lad:country | NL |
| lad:E04 | lad:entityType | lad:etype-FINSUB |
| lad:E04 | lad:lei | 213800LA5RYJLGXV2T85 |
| lad:E04 | lad:name | Northwind Finance BV |
| lad:E04 | lad:parent | lad:E02 |
| lad:E04 | lad:sourceSystem | RATINGS |
| lad:E05 | rdf:type | lad:Entity |
| lad:E05 | rdfs:label | Valdoria Telecom SA |
| lad:E05 | lad:country | VD |
| lad:E05 | lad:entityType | lad:etype-CORP |
| lad:E05 | lad:lei | 391200LESH03LMOY2U61 |
| lad:E05 | lad:name | Valdoria Telecom SA |
| lad:E05 | lad:sourceSystem | RATINGS |
| lad:E06 | rdf:type | lad:Entity |
| lad:E06 | rdfs:label | Orrin Bank AG |
| lad:E06 | lad:country | DE |
| lad:E06 | lad:entityType | lad:etype-BANK |
| lad:E06 | lad:lei | 549300AMVE3VRVG7HK43 |
| lad:E06 | lad:name | Orrin Bank AG |
| lad:E06 | lad:sourceSystem | RATINGS |
| lad:E07 | rdf:type | lad:Entity |
| lad:E07 | rdfs:label | Pellam Retail Ltd |
| lad:E07 | lad:country | GB |
| lad:E07 | lad:entityType | lad:etype-CORP |
| lad:E07 | lad:lei | 969500B6IUACELPI2291 |
| lad:E07 | lad:name | Pellam Retail Ltd |
| lad:E07 | lad:sourceSystem | RATINGS |
| lad:E08 | rdf:type | lad:Entity |
| lad:E08 | rdfs:label | Saxby Shipping SA |
| lad:E08 | lad:country | GR |
| lad:E08 | lad:entityType | lad:etype-CORP |
(340 more rows not shown)

Query 2:

| s | p | o |
|---|---|---|
| lad:I01 | rdf:type | lad:Instrument |
| lad:I01 | rdfs:label | Kestrel Energy 4.50% 2030 |
| lad:I01 | lad:currency | GBP |
| lad:I01 | lad:description | Kestrel Energy 4.50% notes due 2030 |
| lad:I01 | lad:issuer | lad:E01 |
| lad:I01 | lad:maturity | 2030-03-15 |
| lad:I01 | lad:seniority | lad:seniority-SU |
| lad:I02 | rdf:type | lad:Instrument |
| lad:I02 | rdfs:label | Kestrel Energy 6.25% 2031 |
| lad:I02 | lad:currency | GBP |
| lad:I02 | lad:description | Kestrel Energy 6.25% notes due 2031 |
| lad:I02 | lad:issuer | lad:E01 |
| lad:I02 | lad:maturity | 2031-09-30 |
| lad:I02 | lad:seniority | lad:seniority-SUB |
| lad:I03 | rdf:type | lad:Instrument |
| lad:I03 | rdfs:label | Northwind Finance 3.75% 2030 |
| lad:I03 | lad:currency | EUR |
| lad:I03 | lad:description | Northwind Finance 3.75% notes due 2030 |
| lad:I03 | lad:guarantor | lad:E02 |
| lad:I03 | lad:issuer | lad:E04 |
| lad:I03 | lad:maturity | 2030-05-01 |
| lad:I03 | lad:seniority | lad:seniority-SU |
| lad:I04 | rdf:type | lad:Instrument |
| lad:I04 | rdfs:label | Valdoria Telecom 5.00% 2029 |
| lad:I04 | lad:currency | USD |
| lad:I04 | lad:description | Valdoria Telecom 5.00% notes due 2029 |
| lad:I04 | lad:issuer | lad:E05 |
| lad:I04 | lad:maturity | 2029-11-20 |
| lad:I04 | lad:seniority | lad:seniority-SU |
| lad:I05 | rdf:type | lad:Instrument |
| lad:I05 | rdfs:label | Halden Leasing 2.90% 2028 |
| lad:I05 | lad:currency | EUR |
| lad:I05 | lad:description | Halden Leasing 2.90% notes due 2028 |
| lad:I05 | lad:guarantor | lad:E10 |
| lad:I05 | lad:issuer | lad:E11 |
| lad:I05 | lad:maturity | 2028-06-30 |
| lad:I05 | lad:seniority | lad:seniority-SU |
| lad:I06 | rdf:type | lad:Instrument |
| lad:I06 | rdfs:label | Corvenia Power 7.10% 2032 |
| lad:I06 | lad:currency | USD |
| lad:I06 | lad:description | Corvenia Power 7.10% notes due 2032 |
| lad:I06 | lad:issuer | lad:E15 |
| lad:I06 | lad:maturity | 2032-02-15 |
| lad:I06 | lad:seniority | lad:seniority-SUB |
| lad:I07 | rdf:type | lad:Instrument |
| lad:I07 | rdfs:label | Valdoria Telecom 4.25% 2027 |
| lad:I07 | lad:currency | XVD |
| lad:I07 | lad:description | Valdoria Telecom 4.25% notes due 2027 |
| lad:I07 | lad:issuer | lad:E05 |
| lad:I07 | lad:maturity | 2027-08-31 |
| lad:I07 | lad:seniority | lad:seniority-SU |
| lad:I08 | rdf:type | lad:Instrument |
| lad:I08 | rdfs:label | Corvenia Power 6.00% 2034 |
| lad:I08 | lad:currency | USD |
| lad:I08 | lad:description | Corvenia Power 6.00% notes due 2034 |
| lad:I08 | lad:issuer | lad:E15 |
| lad:I08 | lad:maturity | 2034-09-01 |
| lad:I08 | lad:seniority | lad:seniority-SU |
| lad:I1001 | rdf:type | lad:Instrument |
| lad:I1001 | rdfs:label | Soson Airlines 5.50% 2031 |
(340 more rows not shown)

Query 3:

| s | p | o |
|---|---|---|
| lad:A01 | rdf:type | lad:RatingAction |
| lad:A01 | rdfs:label | E01 AS A- 2024-03-12 |
| lad:A01 | lad:action | lad:action-AS |
| lad:A01 | lad:ccyBasis | lad:basis-FC |
| lad:A01 | lad:date | 2024-03-12 |
| lad:A01 | lad:outlook | lad:outlook-STA |
| lad:A01 | lad:ratedThing | lad:E01 |
| lad:A01 | lad:rating | A- |
| lad:A01 | lad:ratingType | lad:type-LTIDR |
| lad:A02 | rdf:type | lad:RatingAction |
| lad:A02 | rdfs:label | E01 DG BBB 2025-06-20 |
| lad:A02 | lad:action | lad:action-DG |
| lad:A02 | lad:ccyBasis | lad:basis-FC |
| lad:A02 | lad:comment | weaker cash flow after asset sale |
| lad:A02 | lad:date | 2025-06-20 |
| lad:A02 | lad:outlook | lad:outlook-STA |
| lad:A02 | lad:ratedThing | lad:E01 |
| lad:A02 | lad:rating | BBB |
| lad:A02 | lad:ratingType | lad:type-LTIDR |
| lad:A03 | rdf:type | lad:RatingAction |
| lad:A03 | rdfs:label | E01 AF BBB 2026-02-10 |
| lad:A03 | lad:action | lad:action-AF |
| lad:A03 | lad:ccyBasis | lad:basis-FC |
| lad:A03 | lad:date | 2026-02-10 |
| lad:A03 | lad:outlook | lad:outlook-NEG |
| lad:A03 | lad:ratedThing | lad:E01 |
| lad:A03 | lad:rating | BBB |
| lad:A03 | lad:ratingType | lad:type-LTIDR |
| lad:A04 | rdf:type | lad:RatingAction |
| lad:A04 | rdfs:label | E01 AF F2 2026-02-10 |
| lad:A04 | lad:action | lad:action-AF |
| lad:A04 | lad:ccyBasis | lad:basis-FC |
| lad:A04 | lad:date | 2026-02-10 |
| lad:A04 | lad:ratedThing | lad:E01 |
| lad:A04 | lad:rating | F2 |
| lad:A04 | lad:ratingType | lad:type-STIDR |
| lad:A05 | rdf:type | lad:RatingAction |
| lad:A05 | rdfs:label | I01 AS A- 2024-03-12 |
| lad:A05 | lad:action | lad:action-AS |
| lad:A05 | lad:date | 2024-03-12 |
| lad:A05 | lad:ratedThing | lad:I01 |
| lad:A05 | lad:rating | A- |
| lad:A05 | lad:ratingType | lad:type-INST |
| lad:A06 | rdf:type | lad:RatingAction |
| lad:A06 | rdfs:label | I01 DG BBB 2025-06-20 |
| lad:A06 | lad:action | lad:action-DG |
| lad:A06 | lad:date | 2025-06-20 |
| lad:A06 | lad:ratedThing | lad:I01 |
| lad:A06 | lad:rating | BBB |
| lad:A06 | lad:ratingType | lad:type-INST |
| lad:A07 | rdf:type | lad:RatingAction |
| lad:A07 | rdfs:label | I02 DG BB+ 2025-06-20 |
| lad:A07 | lad:action | lad:action-DG |
| lad:A07 | lad:date | 2025-06-20 |
| lad:A07 | lad:ratedThing | lad:I02 |
| lad:A07 | lad:rating | BB+ |
| lad:A07 | lad:ratingType | lad:type-INST |
| lad:A08 | rdf:type | lad:RatingAction |
| lad:A08 | rdfs:label | E02 AS A 2023-11-01 |
| lad:A08 | lad:action | lad:action-AS |
(940 more rows not shown)

Run more queries, or give the final answers.

The model

<parameter name="text">I need compact views. First the vocabulary and entities.</parameter>
</invoke>
```sparql
SELECT ?s ?p ?o WHERE { ?s ?p ?o . FILTER(!STRSTARTS(STR(?s),"https://example.org/ladder/E") && !STRSTARTS(STR(?s),"https://example.org/ladder/I") && !STRSTARTS(STR(?s),"https://example.org/ladder/A")) } ORDER BY ?s ?p LIMIT 500
```

```sparql
SELECT ?e ?name ?c ?t ?par ?src ?lei WHERE { ?e a lad:Entity ; lad:name ?name ; lad:country ?c ; lad:entityType ?t ; lad:sourceSystem ?src . OPTIONAL{?e lad:parent ?par} OPTIONAL{?e lad:lei ?lei} } ORDER BY ?e LIMIT 500
```

Query results

Query 1:

| s | p | o |
|---|---|---|
| lad:CV | rdf:type | lad:Entity |
| lad:CV | rdfs:label | Republic of Corvenia |
| lad:CV | lad:country | CV |
| lad:CV | lad:entityType | lad:etype-SOV |
| lad:CV | lad:name | Republic of Corvenia |
| lad:CV | lad:sourceSystem | RATINGS |
| lad:VD | rdf:type | lad:Entity |
| lad:VD | rdfs:label | Republic of Valdoria |
| lad:VD | lad:country | VD |
| lad:VD | lad:entityType | lad:etype-SOV |
| lad:VD | lad:name | Republic of Valdoria |
| lad:VD | lad:sourceSystem | RATINGS |

Query 2:

| e | name | c | t | par | src | lei |
|---|---|---|---|---|---|---|
| lad:CV | Republic of Corvenia | CV | lad:etype-SOV |  | RATINGS |  |
| lad:E01 | Kestrel Energy plc | GB | lad:etype-CORP |  | RATINGS | 7245002OOPBG04092E43 |
| lad:E02 | Northwind Holdings plc | GB | lad:etype-CORP |  | RATINGS | 213800PHEIYNJMHTDV74 |
| lad:E03 | NORTHWIND HLDGS | GB | lad:etype-CORP |  | RESEARCH | 213800PHEIYNJMHTDV74 |
| lad:E04 | Northwind Finance BV | NL | lad:etype-FINSUB | lad:E02 | RATINGS | 213800LA5RYJLGXV2T85 |
| lad:E05 | Valdoria Telecom SA | VD | lad:etype-CORP |  | RATINGS | 391200LESH03LMOY2U61 |
| lad:E06 | Orrin Bank AG | DE | lad:etype-BANK |  | RATINGS | 549300AMVE3VRVG7HK43 |
| lad:E07 | Pellam Retail Ltd | GB | lad:etype-CORP |  | RATINGS | 969500B6IUACELPI2291 |
| lad:E08 | Saxby Shipping SA | GR | lad:etype-CORP |  | RATINGS | 969500KOTZ1JFIZSG796 |
| lad:E09 | Halden Group plc | GB | lad:etype-CORP |  | RATINGS | 815600ASM9EHDG931T89 |
| lad:E10 | Halden Bank AG | DE | lad:etype-BANK | lad:E09 | RATINGS | 391200QYPVFF2O9K2039 |
| lad:E1001 | Tunod Steel SA | FR | lad:etype-CORP |  | RATINGS | 3912003R00FP6CNV6210 |
| lad:E1002 | TUNOD STEEL SA | FR | lad:etype-CORP |  | RESEARCH | 3912003R00FP6CNV6210 |
| lad:E1003 | Rilol Telecom plc | GB | lad:etype-BANK |  | RATINGS | 3912009W4J483WB8PZ97 |
| lad:E1004 | Munem Retail SA | ES | lad:etype-CORP |  | RATINGS | 969500IBYK0X2ZT52780 |
| lad:E1005 | Setan Airlines Inc | US | lad:etype-CORP |  | RATINGS | 815600JRN7AOE36KFR35 |
| lad:E1006 | Soson Airlines Inc | US | lad:etype-CORP | lad:E1005 | RATINGS | 213800WSVEOAQ5HD4C43 |
| lad:E1007 | Golod Property plc | GB | lad:etype-BANK |  | RATINGS | 815600N2UAHQREHHWF76 |
| lad:E1008 | Sotil Retail plc | GB | lad:etype-CORP |  | RATINGS | 213800RPNJ2OSQ387M40 |
| lad:E1009 | Malam Chemicals Inc | US | lad:etype-CORP |  | RATINGS | 3912006EIY6TU9NVSC86 |
| lad:E1010 | Buvir Industries Inc | US | lad:etype-CORP |  | RATINGS | 3912004R2GZJL49URX69 |
| lad:E1011 | Falom Media Inc | US | lad:etype-BANK |  | RATINGS | 549300XX6U9N4Y7KPH74 |
| lad:E1012 | Posad Industries SA | FR | lad:etype-CORP |  | RATINGS | 9695002JIQI5QYDN0G98 |
| lad:E1013 | Pisol Pharma BV | NL | lad:etype-BANK | lad:E1004 | RATINGS | 969500U072SAPPW32N81 |
| lad:E1014 | Toral Utilities BV | NL | lad:etype-CORP |  | RATINGS | 391200J700D8T2H18W16 |
| lad:E1015 | Civen Steel Inc | US | lad:etype-CORP |  | RATINGS | 815600JSNIJ4UFCBF662 |
| lad:E1016 | Ponar Telecom SA | ES | lad:etype-BANK |  | RATINGS | 5493008DQ96XI37KZG24 |
| lad:E1017 | Nisid Steel SA | FR | lad:etype-BANK |  | RATINGS | 391200K600X7LWZTTM85 |
| lad:E1018 | Tosem Mining Inc | US | lad:etype-CORP |  | RATINGS | 549300SEMGL6OXLWHQ59 |
| lad:E1019 | Losol Mining SA | CV | lad:etype-CORP |  | RATINGS | 391200GSFO0F68KKUC67 |
| lad:E1020 | Finel Media AG | DE | lad:etype-CORP |  | RATINGS | 549300FCSHHELSCZX562 |
| lad:E1021 | Niner Pharma plc | GB | lad:etype-CORP |  | RATINGS | 391200KLG6G4KVIMIU52 |
| lad:E1022 | NINER PHARMA | GB | lad:etype-CORP |  | RESEARCH | 391200KLG6G4KVIMIU52 |
| lad:E1023 | Heled Water plc | GB | lad:etype-CORP |  | RATINGS | 3912006FHXTH5V6WNK07 |
| lad:E1024 | Susin Shipping BV | NL | lad:etype-CORP |  | RATINGS | 3912005J04HB7X0GTN24 |
| lad:E1025 | Tulol Shipping SA | ES | lad:etype-BANK |  | RATINGS | 2138007MIV2OS05PET94 |
| lad:E1026 | Vunam Water BV | NL | lad:etype-CORP |  | RATINGS | 969500C8XYHXZBFMUO41 |
| lad:E1027 | Tesad Media Inc | US | lad:etype-CORP |  | RATINGS | 969500T86HNH5S920X18 |
| lad:E1028 | Mutir Retail SA | VD | lad:etype-CORP |  | RATINGS | 213800TJ32NARU0BI982 |
| lad:E1029 | Leson Telecom Inc | US | lad:etype-BANK |  | RATINGS | 8156008DPX4I9DNKWN26 |
| lad:E1030 | LESON TELECOM INC | US | lad:etype-BANK |  | RESEARCH | 8156008DPX4I9DNKWN26 |
| lad:E1031 | Kuvir Logistics SA | ES | lad:etype-CORP |  | RATINGS | 969500GRHP48SQNEWH44 |
| lad:E1032 | Helom Chemicals BV | NL | lad:etype-BANK |  | RATINGS | 2138006H9XCYN2P1K228 |
| lad:E1033 | Kunid Pharma SA | ES | lad:etype-CORP | lad:E1004 | RATINGS | 213800Q84PS4FTJJB947 |
| lad:E1034 | Tanad Capital SpA | IT | lad:etype-CORP |  | RATINGS | 815600KLV84WAQGPSX27 |
| lad:E1035 | Kavod Utilities AG | DE | lad:etype-CORP |  | RATINGS | 724500YHN51API4SE179 |
| lad:E1036 | Lilor Retail AG | DE | lad:etype-CORP |  | RATINGS | 9695000N72OQ0Q07IW61 |
| lad:E1037 | Natil Retail SA | FR | lad:etype-CORP |  | RATINGS | 391200OBAXI8590VQN12 |
| lad:E1038 | Lanon Telecom BV | NL | lad:etype-CORP |  | RATINGS | 549300EZ4HXP0L5RAZ01 |
| lad:E1039 | Pulor Airlines SA | CV | lad:etype-BANK |  | RATINGS | 969500HA9D5I7F73PW83 |
| lad:E1040 | Dorid Mining AG | DE | lad:etype-CORP |  | RATINGS | 549300SPMD9MEMFWMR12 |
| lad:E1041 | Hiral Steel SA | ES | lad:etype-CORP |  | RATINGS | 549300JU1O5MP1HSKQ01 |
| lad:E1042 | Rerod Steel BV | NL | lad:etype-CORP |  | RATINGS | 391200LC6V921W096L49 |
| lad:E1043 | Vitom Property plc | GB | lad:etype-CORP |  | RATINGS | 5493007IVTPIWJZLFF29 |
| lad:E1044 | Hesid Telecom Inc | US | lad:etype-BANK |  | RATINGS | 3912003Y7VZHUGN50755 |
| lad:E1045 | Nesid Logistics Inc | US | lad:etype-BANK |  | RATINGS | 96950029VB162U3K1976 |
| lad:E1046 | Ditin Shipping Inc | US | lad:etype-BANK | lad:E1026 | RATINGS | 549300ZM08IADSAK3L87 |
| lad:E1047 | Vaved Pharma plc | GB | lad:etype-CORP | lad:E1020 | RATINGS | 391200WGA8OE30KZUD08 |
| lad:E1048 | Lised Pharma AG | DE | lad:etype-CORP |  | RATINGS | 9695000T21G05UQMGF10 |
| lad:E1049 | Paser Utilities plc | GB | lad:etype-CORP |  | RATINGS | 391200R2EH7FELZFOV27 |
(440 more rows not shown)

Run more queries, or give the final answers.

The model

```sparql
SELECT ?s ?p ?o WHERE { ?s ?p ?o . FILTER(?p IN (skos:prefLabel, skos:definition, skos:note, skos:broader, skos:notation, rdfs:comment, skos:altLabel, skos:scopeNote)) } LIMIT 200
```

```sparql
SELECT ?e ?n ?c ?par WHERE { ?e a lad:Entity ; lad:name ?n ; lad:country ?c . OPTIONAL{?e lad:parent ?par} FILTER(!REGEX(STR(?e),"E1[0-9]{3}$")) } ORDER BY ?e
```

Query results

Query 1:

(no rows)

Query 2:

| e | n | c | par |
|---|---|---|---|
| lad:CV | Republic of Corvenia | CV |  |
| lad:E01 | Kestrel Energy plc | GB |  |
| lad:E02 | Northwind Holdings plc | GB |  |
| lad:E03 | NORTHWIND HLDGS | GB |  |
| lad:E04 | Northwind Finance BV | NL | lad:E02 |
| lad:E05 | Valdoria Telecom SA | VD |  |
| lad:E06 | Orrin Bank AG | DE |  |
| lad:E07 | Pellam Retail Ltd | GB |  |
| lad:E08 | Saxby Shipping SA | GR |  |
| lad:E09 | Halden Group plc | GB |  |
| lad:E10 | Halden Bank AG | DE | lad:E09 |
| lad:E11 | Halden Leasing SA | FR | lad:E10 |
| lad:E12 | Halden Foods Ltd | GB |  |
| lad:E13 | Orrin Bancorp Inc | US |  |
| lad:E14 | Marlow Utilities plc | GB |  |
| lad:E15 | Corvenia Power SA | CV |  |
| lad:E16 | Brindle Capital Ltd | GB |  |
| lad:E17 | HALDEN BANK | LU |  |
| lad:E5001 | Cerid Group plc | GB |  |
| lad:E5002 | Cerid Energy plc | GB | lad:E5001 |
| lad:E5003 | Cerid Media BV | NL | lad:E5001 |
| lad:E5004 | Cerid Utilities plc | GB | lad:E5001 |
| lad:E5005 | Cerid Chemicals SA | VD | lad:E5002 |
| lad:E5006 | Cerid Foods plc | GB | lad:E5002 |
| lad:E5007 | Cerid Holdings BV | NL | lad:E5003 |
| lad:E5008 | Cerid Airlines BV | NL | lad:E5003 |
| lad:E5009 | Cerid Leror Logistics plc | GB | lad:E5004 |
| lad:E5010 | Cerid Gator Steel Inc | US | lad:E5004 |
| lad:E5011 | Cerid Guven Energy SA | VD | lad:E5167 |
| lad:E5012 | Cerid Gevin Pharma SA | VD | lad:E5005 |
| lad:E5013 | Cerid Telecom SA | ES | lad:E5006 |
| lad:E5014 | Cerid Gusom Pharma SpA | IT | lad:E5006 |
| lad:E5015 | Cerid Logistics BV | NL | lad:E5007 |
| lad:E5016 | Cerid Rovem Industries BV | NL | lad:E5007 |
| lad:E5017 | Cerid Steel BV | NL | lad:E5008 |
| lad:E5018 | Cerid Mining BV | NL | lad:E5008 |
| lad:E5019 | Cerid Buvom Mining plc | GB | lad:E5009 |
| lad:E5020 | Cerid Tivim Retail SA | FR | lad:E5009 |
| lad:E5021 | Cerid Retail Inc | US | lad:E5010 |
| lad:E5022 | Cerid Industries Inc | US | lad:E5010 |
| lad:E5023 | Cerid Dilal Utilities SA | VD | lad:E5011 |
| lad:E5024 | Cerid Fatal Shipping SA | VD | lad:E5012 |
| lad:E5025 | Cerid Fater Media SA | ES | lad:E5013 |
| lad:E5026 | Cerid Hosad Retail Inc | US | lad:E5014 |
| lad:E5027 | Cerid Hutem Water plc | GB | lad:E5015 |
| lad:E5028 | Cerid Galon Chemicals BV | NL | lad:E5016 |
| lad:E5029 | Cerid Walol Water BV | NL | lad:E5017 |
| lad:E5030 | Cerid Tivor Holdings BV | NL | lad:E5018 |
| lad:E5031 | Cerid Velin Water plc | GB | lad:E5019 |
| lad:E5032 | Cerid Meron Media SA | FR | lad:E5020 |
| lad:E5033 | Cerid Pitam Energy Inc | US | lad:E5021 |
| lad:E5034 | Cerid Shipping BV | NL | lad:E5022 |
| lad:E5035 | Cerid Water SA | VD | lad:E5023 |
| lad:E5036 | Cerid Calin Energy SpA | IT | lad:E5024 |
| lad:E5037 | Cerid Holom Water SA | ES | lad:E5025 |
| lad:E5038 | Cerid Holen Chemicals BV | NL | lad:E5026 |
| lad:E5039 | Cerid Property SA | ES | lad:E5027 |
| lad:E5040 | Cerid Lovan Energy BV | NL | lad:E5028 |
| lad:E5041 | Cerid Dolem Mining AG | DE | lad:E5029 |
| lad:E5042 | Cerid Feral Property BV | NL | lad:E5030 |
(129 more rows not shown)

Run more queries, or give the final answers.

The model

```sparql
SELECT ?a ?t ?act ?d ?r ?rt ?b ?o ?w ?c WHERE { ?a a lad:RatingAction ; lad:ratedThing ?t ; lad:action ?act ; lad:date ?d ; lad:rating ?r ; lad:ratingType ?rt . OPTIONAL{?a lad:ccyBasis ?b} OPTIONAL{?a lad:outlook ?o} OPTIONAL{?a lad:watch ?w} OPTIONAL{?a lad:comment ?c} FILTER(!REGEX(STR(?t),"[EI][1-9][0-9]{3}$")) } ORDER BY ?t ?d
```

```sparql
SELECT ?i ?l ?cur ?iss ?g ?m ?s WHERE { ?i a lad:Instrument ; rdfs:label ?l ; lad:currency ?cur ; lad:issuer ?iss ; lad:seniority ?s . OPTIONAL{?i lad:guarantor ?g} OPTIONAL{?i lad:maturity ?m} FILTER(!REGEX(STR(?i),"I[1-9][0-9]{3}$")) } ORDER BY ?i
```

Query results

Query 1:

| a | t | act | d | r | rt | b | o | w | c |
|---|---|---|---|---|---|---|---|---|---|
| lad:A37 | lad:CV | lad:action-AS | 2024-01-01 | A | lad:type-CC |  |  |  |  |
| lad:A38 | lad:CV | lad:action-AS | 2024-01-01 | BBB+ | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A39 | lad:CV | lad:action-AS | 2024-01-01 | A- | lad:type-LTIDR | lad:basis-LC | lad:outlook-STA |  |  |
| lad:A01 | lad:E01 | lad:action-AS | 2024-03-12 | A- | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A02 | lad:E01 | lad:action-DG | 2025-06-20 | BBB | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  | weaker cash flow after asset sale |
| lad:A03 | lad:E01 | lad:action-AF | 2026-02-10 | BBB | lad:type-LTIDR | lad:basis-FC | lad:outlook-NEG |  |  |
| lad:A04 | lad:E01 | lad:action-AF | 2026-02-10 | F2 | lad:type-STIDR | lad:basis-FC |  |  |  |
| lad:A08 | lad:E02 | lad:action-AS | 2023-11-01 | A | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A09 | lad:E03 | lad:action-AF | 2025-09-15 | A | lad:type-LTIDR | lad:basis-FC | lad:outlook-POS |  |  |
| lad:A13 | lad:E05 | lad:action-AS | 2025-04-01 | BBB- | lad:type-LTIDR | lad:basis-LC | lad:outlook-STA |  |  |
| lad:A14 | lad:E05 | lad:action-AS | 2025-04-01 | BB | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A16 | lad:E06 | lad:action-AS | 2024-05-01 | A- | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A17 | lad:E06 | lad:action-RW | 2026-09-03 | A- | lad:type-LTIDR | lad:basis-FC |  | lad:watch-RWN |  |
| lad:A18 | lad:E07 | lad:action-AS | 2024-01-10 | BB | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A19 | lad:E07 | lad:action-WD | 2026-05-12 | WD | lad:type-LTIDR | lad:basis-FC |  |  | commercial reasons |
| lad:A20 | lad:E08 | lad:action-AS | 2024-06-01 | B | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A21 | lad:E08 | lad:action-DG | 2026-01-20 | CCC | lad:type-LTIDR | lad:basis-FC |  |  |  |
| lad:A22 | lad:E08 | lad:action-DG | 2026-07-08 | RD | lad:type-LTIDR | lad:basis-FC |  |  | distressed debt exchange completed |
| lad:A24 | lad:E09 | lad:action-AS | 2023-05-01 | A | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A25 | lad:E09 | lad:action-AF | 2026-03-01 | A | lad:type-LTIDR | lad:basis-FC | lad:outlook-NEG |  |  |
| lad:A26 | lad:E10 | lad:action-AS | 2023-05-01 | A- | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  | support from parent |
| lad:A27 | lad:E10 | lad:action-DG | 2026-04-15 | BBB+ | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A46 | lad:E11 | lad:action-AS | 2025-02-01 | BBB | lad:type-CO |  |  |  |  |
| lad:A30 | lad:E12 | lad:action-AS | 2024-02-01 | BB- | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A31 | lad:E12 | lad:action-UG | 2025-08-01 | BB | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A32 | lad:E13 | lad:action-AS | 2024-07-01 | BBB | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A34 | lad:E14 | lad:action-AS | 2023-01-15 | A- | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A36 | lad:E14 | lad:action-DG | 2024-09-30 | BBB+ | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A35 | lad:E14 | lad:action-RW | 2025-11-20 | BBB+ | lad:type-LTIDR | lad:basis-FC |  | lad:watch-RWN |  |
| lad:A33 | lad:E14 | lad:action-AF | 2026-05-01 | BBB+ | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A40 | lad:E15 | lad:action-AS | 2024-03-01 | A+ | lad:type-LTIDR | lad:basis-LC | lad:outlook-STA |  |  |
| lad:A41 | lad:E15 | lad:action-AS | 2024-03-01 | A | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A43 | lad:E16 | lad:action-AS | 2024-04-01 | BBB- | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A44 | lad:E16 | lad:action-DG | 2026-06-01 | BB+ | lad:type-LTIDR | lad:basis-FC | lad:outlook-STA |  |  |
| lad:A05 | lad:I01 | lad:action-AS | 2024-03-12 | A- | lad:type-INST |  |  |  |  |
| lad:A06 | lad:I01 | lad:action-DG | 2025-06-20 | BBB | lad:type-INST |  |  |  |  |
| lad:A23 | lad:I02 | lad:action-AS | 2024-03-12 | BBB | lad:type-INST |  |  |  |  |
| lad:A07 | lad:I02 | lad:action-DG | 2025-06-20 | BB+ | lad:type-INST |  |  |  |  |
| lad:A10 | lad:I03 | lad:action-AS | 2023-11-01 | A | lad:type-INST |  |  |  |  |
| lad:A11 | lad:I03 | lad:action-AF | 2025-09-15 | A | lad:type-INST |  |  |  |  |
| lad:A15 | lad:I04 | lad:action-AS | 2025-04-01 | BB | lad:type-INST |  |  |  |  |
| lad:A28 | lad:I05 | lad:action-AS | 2023-06-01 | A- | lad:type-INST |  |  |  |  |
| lad:A29 | lad:I05 | lad:action-DG | 2026-04-15 | BBB+ | lad:type-INST |  |  |  |  |
| lad:A42 | lad:I06 | lad:action-AS | 2024-03-01 | A- | lad:type-INST |  |  |  |  |
| lad:A45 | lad:I07 | lad:action-AS | 2025-04-01 | BBB- | lad:type-INST |  |  |  |  |
| lad:A47 | lad:I08 | lad:action-EX | 2026-09-01 | A | lad:type-INST |  |  |  |  |
| lad:A12 | lad:VD | lad:action-AS | 2025-04-01 | BB | lad:type-CC |  |  |  |  |

Query 2:

| i | l | cur | iss | g | m | s |
|---|---|---|---|---|---|---|
| lad:I01 | Kestrel Energy 4.50% 2030 | GBP | lad:E01 |  | 2030-03-15 | lad:seniority-SU |
| lad:I02 | Kestrel Energy 6.25% 2031 | GBP | lad:E01 |  | 2031-09-30 | lad:seniority-SUB |
| lad:I03 | Northwind Finance 3.75% 2030 | EUR | lad:E04 | lad:E02 | 2030-05-01 | lad:seniority-SU |
| lad:I04 | Valdoria Telecom 5.00% 2029 | USD | lad:E05 |  | 2029-11-20 | lad:seniority-SU |
| lad:I05 | Halden Leasing 2.90% 2028 | EUR | lad:E11 | lad:E10 | 2028-06-30 | lad:seniority-SU |
| lad:I06 | Corvenia Power 7.10% 2032 | USD | lad:E15 |  | 2032-02-15 | lad:seniority-SUB |
| lad:I07 | Valdoria Telecom 4.25% 2027 | XVD | lad:E05 |  | 2027-08-31 | lad:seniority-SU |
| lad:I08 | Corvenia Power 6.00% 2034 | USD | lad:E15 |  | 2034-09-01 | lad:seniority-SU |

Run more queries, or give the final answers.

The model

The last batch of results contradicts what I saw earlier. E02 shows as NEG, but its only action (A08) has a Stable outlook. Queries 4–6 returned identical output, and the counts of 507 and 0 look implausible. I'll re-check with simpler queries before relying on any of it.

```sparql
SELECT ?a ?t ?d ?r ?o ?w WHERE { ?a lad:ratedThing ?t; lad:date ?d; lad:rating ?r . OPTIONAL{?a lad:outlook ?o} OPTIONAL{?a lad:watch ?w} FILTER(?t IN (lad:E02, lad:E03, lad:E09)) } ORDER BY ?t ?d
```

```sparql
SELECT (COUNT(DISTINCT ?e) AS ?ents) (COUNT(DISTINCT ?lei) AS ?leis) WHERE { ?e a lad:Entity . OPTIONAL{?e lad:lei ?lei} }
```

```sparql
SELECT ?e ?n ?p ?c WHERE { ?e lad:name ?n ; lad:country ?c . OPTIONAL{?e lad:parent ?p} FILTER(REGEX(?n,"Rosor|Belir Mining|Rotam Group|Wonod Group|Vesol Group|Cerid Guven|Cerid Telecom")) }
```

```sparql
SELECT ?e ?n WHERE { ?e lad:country "LU" ; lad:name ?n }
```

Query results

Query 1:

| a | t | d | r | o | w |
|---|---|---|---|---|---|
| lad:A08 | lad:E02 | 2023-11-01 | A | lad:outlook-STA |  |
| lad:A09 | lad:E03 | 2025-09-15 | A | lad:outlook-POS |  |
| lad:A24 | lad:E09 | 2023-05-01 | A | lad:outlook-STA |  |
| lad:A25 | lad:E09 | 2026-03-01 | A | lad:outlook-NEG |  |

Query 2:

| ents | leis |
|---|---|
| 540 | 509 |

Query 3:

| e | n | p | c |
|---|---|---|---|
| lad:E5062 | Belir Mining SA | lad:E5060 | FR |
| lad:E5105 | Wonod Group SA |  | FR |
| lad:E5086 | Rotam Group Inc |  | US |
| lad:E5132 | Vesol Group BV |  | NL |
| lad:E5013 | Cerid Telecom SA | lad:E5006 | ES |
| lad:E5011 | Cerid Guven Energy SA | lad:E5167 | VD |
| lad:E5047 | Cerid Rosor Holdings SA | lad:E5035 | VD |

Query 4:

| e | n |
|---|---|
| lad:E17 | HALDEN BANK |

Run more queries, or give the final answers.

The model

<invoke name="">
</invoke>
```sparql
SELECT ?act ?rt ?b (COUNT(*) AS ?n) WHERE { ?a a lad:RatingAction ; lad:action ?act ; lad:ratingType ?rt . OPTIONAL{?a lad:ccyBasis ?b} } GROUP BY ?act ?rt ?b ORDER BY ?act ?rt ?b
```

```sparql
SELECT ?root ?m ?depth WHERE { VALUES ?root { lad:E5001 lad:E5086 lad:E5105 lad:E5132 } ?m lad:parent* ?root . BIND(?root AS ?r2) } ORDER BY ?root ?m LIMIT 1
```

```sparql
SELECT ?root (COUNT(DISTINCT ?m) AS ?n) WHERE { VALUES ?root { lad:E5001 lad:E5086 lad:E5105 lad:E5132 lad:E09 lad:E02 } ?m lad:parent* ?root } GROUP BY ?root
```

```sparql
SELECT ?x ?anc WHERE { VALUES ?x { lad:E5047 lad:E5011 lad:E5013 lad:E5062 lad:E5086 } ?x lad:parent+ ?anc }
```

```sparql
SELECT (COUNT(DISTINCT ?m) AS ?d3) WHERE { ?m lad:parent/lad:parent/lad:parent lad:E5001 }
```

```sparql
SELECT ?m ?n WHERE { ?m lad:parent* lad:E5105 ; lad:name ?n ; lad:country "VD" }
```

```sparql
SELECT (COUNT(DISTINCT ?e) AS ?nolei) WHERE { ?e a lad:Entity . FILTER NOT EXISTS {?e lad:lei ?l} }
```

```sparql
SELECT ?t ?d ?act ?r ?c WHERE { ?a lad:ratedThing ?t; lad:date ?d; lad:action ?act; lad:rating ?r . OPTIONAL{?a lad:comment ?c} FILTER(?act IN (lad:action-WD, lad:action-RD) || ?r IN ("D","RD","C","WD")) } ORDER BY ?t ?d LIMIT 60
```

Query results

Query 1:

| act | rt | b | n |
|---|---|---|---|
| lad:action-AF | lad:type-INST |  | 1 |
| lad:action-AF | lad:type-LTIDR | lad:basis-FC | 81 |
| lad:action-AF | lad:type-LTIDR | lad:basis-LC | 4 |
| lad:action-AF | lad:type-STIDR | lad:basis-FC | 1 |
| lad:action-AS | lad:type-CC |  | 2 |
| lad:action-AS | lad:type-CO |  | 7 |
| lad:action-AS | lad:type-INST |  | 113 |
| lad:action-AS | lad:type-LTIDR | lad:basis-FC | 426 |
| lad:action-AS | lad:type-LTIDR | lad:basis-LC | 19 |
| lad:action-DG | lad:type-INST |  | 3 |
| lad:action-DG | lad:type-LTIDR | lad:basis-FC | 108 |
| lad:action-DG | lad:type-LTIDR | lad:basis-LC | 4 |
| lad:action-EX | lad:type-INST |  | 9 |
| lad:action-RW | lad:type-LTIDR | lad:basis-FC | 45 |
| lad:action-RW | lad:type-LTIDR | lad:basis-LC | 3 |
| lad:action-UG | lad:type-LTIDR | lad:basis-FC | 45 |
| lad:action-UG | lad:type-LTIDR | lad:basis-LC | 3 |
| lad:action-WD | lad:type-LTIDR | lad:basis-FC | 39 |
| lad:action-WD | lad:type-LTIDR | lad:basis-LC | 1 |

Query 2:

| root | m | depth |
|---|---|---|
| lad:E5001 | lad:E5001 |  |

Query 3:

| root | n |
|---|---|
| lad:E5001 | 55 |
| lad:E5086 | 20 |
| lad:E5105 | 27 |
| lad:E5132 | 13 |
| lad:E09 | 3 |
| lad:E02 | 2 |

Query 4:

| x | anc |
|---|---|
| lad:E5047 | lad:E5035 |
| lad:E5047 | lad:E5023 |
| lad:E5047 | lad:E5011 |
| lad:E5047 | lad:E5167 |
| lad:E5011 | lad:E5167 |
| lad:E5013 | lad:E5006 |
| lad:E5013 | lad:E5002 |
| lad:E5013 | lad:E5001 |
| lad:E5062 | lad:E5060 |
| lad:E5062 | lad:E5059 |

Query 5:

| d3 |
|---|
| 11 |

Query 6:

| m | n |
|---|---|
| lad:E5130 | Wonod Huror Retail SA |
| lad:E5124 | Wonod Kinon Holdings SA |

Query 7:

| nolei |
|---|
| 2 |

Query 8:

| t | d | act | r | c |
|---|---|---|---|---|
| lad:E07 | 2026-05-12 | lad:action-WD | WD | commercial reasons |
| lad:E08 | 2026-07-08 | lad:action-DG | RD | distressed debt exchange completed |
| lad:E1002 | 2025-07-20 | lad:action-WD | WD | commercial reasons |
| lad:E1007 | 2026-06-27 | lad:action-WD | WD | commercial reasons |
| lad:E1021 | 2025-11-08 | lad:action-WD | WD | commercial reasons |
| lad:E1032 | 2026-09-15 | lad:action-WD | WD | commercial reasons |
| lad:E1041 | 2024-04-09 | lad:action-WD | WD | commercial reasons |
| lad:E1048 | 2023-04-15 | lad:action-WD | WD | commercial reasons |
| lad:E1057 | 2026-09-19 | lad:action-WD | WD | commercial reasons |
| lad:E1062 | 2025-03-28 | lad:action-WD | WD | commercial reasons |
| lad:E1063 | 2025-01-12 | lad:action-WD | WD | commercial reasons |
| lad:E1076 | 2024-04-28 | lad:action-WD | WD | commercial reasons |
| lad:E1084 | 2025-08-02 | lad:action-WD | WD | commercial reasons |
| lad:E1106 | 2025-08-10 | lad:action-WD | WD | commercial reasons |
| lad:E1107 | 2024-10-16 | lad:action-WD | WD | commercial reasons |
| lad:E1115 | 2025-06-28 | lad:action-WD | WD | commercial reasons |
| lad:E1121 | 2024-10-23 | lad:action-WD | WD | commercial reasons |
| lad:E1124 | 2024-06-15 | lad:action-WD | WD | commercial reasons |
| lad:E1138 | 2024-12-26 | lad:action-WD | WD | commercial reasons |
| lad:E1140 | 2025-09-15 | lad:action-WD | WD | commercial reasons |
| lad:E1155 | 2026-03-22 | lad:action-WD | WD | commercial reasons |
| lad:E1158 | 2026-02-27 | lad:action-WD | WD | commercial reasons |
| lad:E1159 | 2026-09-22 | lad:action-WD | WD | commercial reasons |
| lad:E1166 | 2023-07-26 | lad:action-WD | WD | commercial reasons |
| lad:E1172 | 2026-03-12 | lad:action-WD | WD | commercial reasons |
| lad:E1200 | 2023-11-03 | lad:action-WD | WD | commercial reasons |
| lad:E1205 | 2025-11-16 | lad:action-WD | WD | commercial reasons |
| lad:E1206 | 2025-11-20 | lad:action-WD | WD | commercial reasons |
| lad:E1218 | 2026-05-22 | lad:action-WD | WD | commercial reasons |
| lad:E1219 | 2026-04-11 | lad:action-WD | WD | commercial reasons |
| lad:E1225 | 2025-06-12 | lad:action-WD | WD | commercial reasons |
| lad:E1233 | 2025-01-24 | lad:action-WD | WD | commercial reasons |
| lad:E1234 | 2026-09-22 | lad:action-WD | WD | commercial reasons |
| lad:E1244 | 2024-04-18 | lad:action-WD | WD | commercial reasons |
| lad:E1254 | 2025-08-13 | lad:action-WD | WD | commercial reasons |
| lad:E1277 | 2025-12-14 | lad:action-WD | WD | commercial reasons |
| lad:E1279 | 2024-11-17 | lad:action-WD | WD | commercial reasons |
| lad:E1303 | 2026-03-26 | lad:action-WD | WD | commercial reasons |
| lad:E1308 | 2025-06-19 | lad:action-WD | WD | commercial reasons |
| lad:E1316 | 2024-07-07 | lad:action-WD | WD | commercial reasons |
| lad:E1320 | 2023-10-15 | lad:action-WD | WD | commercial reasons |

Run more queries, or give the final answers.

The model

```sparql
SELECT (COUNT(DISTINCT ?e) AS ?q9) (COUNT(DISTINCT ?gb) AS ?q40) WHERE {
 ?a lad:ratedThing ?e; lad:ratingType lad:type-LTIDR; lad:date ?d; lad:action ?act .
 OPTIONAL{?a lad:ccyBasis ?b}
 FILTER(STR(?d)<="2026-10-01" && ?act != lad:action-WD)
 FILTER NOT EXISTS { ?a2 lad:ratedThing ?e; lad:ratingType lad:type-LTIDR; lad:date ?d2 . OPTIONAL{?a2 lad:ccyBasis ?b2} FILTER(COALESCE(STR(?b2),"")=COALESCE(STR(?b),"") && STR(?d2)>STR(?d) && STR(?d2)<="2026-10-01") }
 OPTIONAL{ ?e lad:country ?c . FILTER(?c="GB") BIND(?e AS ?gb) }
}
```

```sparql
SELECT ?e ?d WHERE {
 ?a lad:ratedThing ?e; lad:ratingType lad:type-LTIDR; lad:date ?d; lad:action lad:action-WD .
 FILTER(STR(?d)<="2026-10-01")
 FILTER NOT EXISTS { ?a2 lad:ratedThing ?e; lad:ratingType lad:type-LTIDR; lad:date ?d2 . FILTER(STR(?d2)>STR(?d) && STR(?d2)<="2026-10-01") }
 FILTER NOT EXISTS { ?a3 lad:ratedThing ?e; lad:ratingType lad:type-LTIDR; lad:action ?x . FILTER(?x!=lad:action-WD) FILTER NOT EXISTS { ?a4 lad:ratedThing ?e; lad:ratingType lad:type-LTIDR; lad:date ?d4 . FILTER(STR(?d4)>"2026-10-01") } }
}
```

```sparql
SELECT ?i ?r ?act ?d ?c WHERE {
 ?a lad:ratedThing ?i; lad:ratingType lad:type-INST; lad:date ?d; lad:action ?act; lad:rating ?r .
 OPTIONAL{?a lad:comment ?c}
 FILTER(?act IN (lad:action-EX, lad:action-WD, lad:action-DG, lad:action-AF))
}
```

```sparql
SELECT (COUNT(DISTINCT ?i) AS ?rated) (COUNT(DISTINCT ?ig) AS ?investgrade) WHERE {
 ?a lad:ratedThing ?i; lad:ratingType lad:type-INST; lad:date ?d; lad:action ?act; lad:rating ?r .
 FILTER(STR(?d)<="2026-10-01" && ?act != lad:action-EX && ?act != lad:action-WD)
 FILTER NOT EXISTS { ?a2 lad:ratedThing ?i; lad:ratingType lad:type-INST; lad:date ?d2 . FILTER(STR(?d2)>STR(?d) && STR(?d2)<="2026-10-01") }
 OPTIONAL{ FILTER(?r IN ("AAA","AA+","AA","AA-","A+","A","A-","BBB+","BBB","BBB-")) BIND(?i AS ?ig) }
}
```

```sparql
SELECT ?e ?d ?act ?r ?o ?w ?b WHERE {
 ?a lad:ratedThing ?e; lad:ratingType lad:type-LTIDR; lad:date ?d; lad:action ?act; lad:rating ?r .
 OPTIONAL{?a lad:outlook ?o} OPTIONAL{?a lad:watch ?w} OPTIONAL{?a lad:ccyBasis ?b}
 FILTER(STR(?d)>="2026-01-01" && STR(?d)<="2026-10-01" && (?act=lad:action-DG || ?w=lad:watch-RWN || ?o=lad:outlook-NEG || ?r IN ("RD","D","SD")))
} ORDER BY ?e ?d
```

```sparql
SELECT ?e ?r ?d ?b WHERE {
 ?e lad:country ?c . FILTER(?c IN ("CV","VD"))
 ?a lad:ratedThing ?e; lad:ratingType lad:type-LTIDR; lad:date ?d; lad:rating ?r; lad:ccyBasis ?b .
 FILTER(STR(?d)<="2026-10-01")
 FILTER NOT EXISTS { ?a2 lad:ratedThing ?e; lad:ratingType lad:type-LTIDR; lad:ccyBasis ?b; lad:date ?d2 . FILTER(STR(?d2)>STR(?d) && STR(?d2)<="2026-10-01") }
}
```

```sparql
SELECT (COUNT(DISTINCT ?e) AS ?q55) WHERE {
 ?e lad:parent+ ?anc . ?anc lad:country "VD" .
 ?a lad:ratedThing ?e; lad:ratingType lad:type-LTIDR; lad:date ?d; lad:action ?act .
 OPTIONAL{?a lad:ccyBasis ?b}
 FILTER(STR(?d)<="2026-10-01" && ?act != lad:action-WD)
 FILTER NOT EXISTS { ?a2 lad:ratedThing ?e; lad:ratingType lad:type-LTIDR; lad:date ?d2 . OPTIONAL{?a2 lad:ccyBasis ?b2} FILTER(COALESCE(STR(?b2),"")=COALESCE(STR(?b),"") && STR(?d2)>STR(?d) && STR(?d2)<="2026-10-01") }
}
```

```sparql
SELECT ?i ?l ?iss ?g ?ri ?rg WHERE {
 ?i lad:guarantor ?g ; lad:issuer ?iss ; rdfs:label ?l .
 ?iss lad:parent* ?ri . FILTER NOT EXISTS {?ri lad:parent ?x}
 ?g lad:parent* ?rg . FILTER NOT EXISTS {?rg lad:parent ?y}
 FILTER(?ri != ?rg || CONTAINS(?l,"Cross"))
}
```

```sparql
SELECT ?m ?r ?d ?act WHERE {
 VALUES ?root { lad:E5001 lad:E5132 }
 ?m lad:parent* ?root .
 ?a lad:ratedThing ?m; lad:ratingType lad:type-LTIDR; lad:ccyBasis lad:basis-FC; lad:date ?d; lad:action ?act; lad:rating ?r .
 FILTER(STR(?d)<="2026-11-05")
 FILTER NOT EXISTS { ?a2 lad:ratedThing ?m; lad:ratingType lad:type-LTIDR; lad:ccyBasis lad:basis-FC; lad:date ?d2 . FILTER(STR(?d2)>STR(?d)) }
 BIND(?root AS ?rt)
} ORDER BY ?rt ?m
```

```sparql
SELECT ?e ?lei ?n WHERE { ?e lad:name ?n . OPTIONAL{?e lad:lei ?lei} FILTER(REGEX(?n,"Orrin|HALDEN BANK|Halden Bank")) }
```

Query results

Query 1:

| q9 | q40 |
|---|---|
| 393 | 88 |

Query 2:

(no rows)

Query 3:

| i | r | act | d | c |
|---|---|---|---|---|
| lad:I01 | BBB | lad:action-DG | 2025-06-20 |  |
| lad:I02 | BB+ | lad:action-DG | 2025-06-20 |  |
| lad:I1001 | A+ | lad:action-EX | 2026-11-17 |  |
| lad:I1007 | AA- | lad:action-EX | 2026-11-11 |  |
| lad:I1008 | B+ | lad:action-EX | 2026-05-23 |  |
| lad:I1012 | A- | lad:action-EX | 2026-07-22 |  |
| lad:I1015 | B+ | lad:action-EX | 2026-12-17 |  |
| lad:I03 | A | lad:action-AF | 2025-09-15 |  |
| lad:I1021 | AA- | lad:action-EX | 2026-09-18 |  |
| lad:I1046 | B+ | lad:action-EX | 2026-05-18 |  |
| lad:I1049 | BB- | lad:action-EX | 2026-03-17 |  |
| lad:I05 | BBB+ | lad:action-DG | 2026-04-15 |  |
| lad:I08 | A | lad:action-EX | 2026-09-01 |  |

Query 4:

| rated | investgrade |
|---|---|
| 113 | 0 |

Query 5:

| e | d | act | r | o | w | b |
|---|---|---|---|---|---|---|
| lad:E01 | 2026-02-10 | lad:action-AF | BBB | lad:outlook-NEG |  | lad:basis-FC |
| lad:E06 | 2026-09-03 | lad:action-RW | A- |  | lad:watch-RWN | lad:basis-FC |
| lad:E08 | 2026-01-20 | lad:action-DG | CCC |  |  | lad:basis-FC |
| lad:E08 | 2026-07-08 | lad:action-DG | RD |  |  | lad:basis-FC |
| lad:E09 | 2026-03-01 | lad:action-AF | A | lad:outlook-NEG |  | lad:basis-FC |
| lad:E10 | 2026-04-15 | lad:action-DG | BBB+ | lad:outlook-STA |  | lad:basis-FC |
| lad:E1006 | 2026-06-17 | lad:action-RW | AA |  | lad:watch-RWN | lad:basis-FC |
| lad:E1034 | 2026-05-02 | lad:action-DG | BBB+ | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1051 | 2026-04-05 | lad:action-DG | A+ | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1051 | 2026-06-01 | lad:action-DG | A+ | lad:outlook-POS |  | lad:basis-FC |
| lad:E1053 | 2026-03-20 | lad:action-DG | BB | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1057 | 2026-06-25 | lad:action-DG | BB | lad:outlook-STA |  | lad:basis-FC |
| lad:E1057 | 2026-09-08 | lad:action-AF | BB | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1058 | 2026-07-14 | lad:action-DG | BBB- | lad:outlook-POS |  | lad:basis-FC |
| lad:E1059 | 2026-02-23 | lad:action-RW | BB- |  | lad:watch-RWN | lad:basis-LC |
| lad:E1064 | 2026-02-02 | lad:action-AF | BBB+ | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1064 | 2026-03-04 | lad:action-DG | BBB+ | lad:outlook-STA |  | lad:basis-FC |
| lad:E1064 | 2026-06-03 | lad:action-UG | A- | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1066 | 2026-05-03 | lad:action-RW | A- |  | lad:watch-RWN | lad:basis-FC |
| lad:E1072 | 2026-02-07 | lad:action-AF | BB- | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1080 | 2026-02-14 | lad:action-DG | A- | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1093 | 2026-07-25 | lad:action-DG | B | lad:outlook-STA |  | lad:basis-FC |
| lad:E1098 | 2026-03-05 | lad:action-RW | BBB- |  | lad:watch-RWN | lad:basis-FC |
| lad:E1098 | 2026-04-28 | lad:action-RW | BBB- |  | lad:watch-RWN | lad:basis-FC |
| lad:E1112 | 2026-02-20 | lad:action-DG | BBB | lad:outlook-POS |  | lad:basis-FC |
| lad:E1144 | 2026-06-06 | lad:action-DG | B+ | lad:outlook-POS |  | lad:basis-FC |
| lad:E1151 | 2026-01-26 | lad:action-DG | BBB | lad:outlook-POS |  | lad:basis-FC |
| lad:E1158 | 2026-05-22 | lad:action-RW | BBB |  | lad:watch-RWN | lad:basis-FC |
| lad:E1158 | 2026-08-14 | lad:action-AF | BBB | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1159 | 2026-06-16 | lad:action-DG | BBB+ | lad:outlook-POS |  | lad:basis-FC |
| lad:E1161 | 2026-07-28 | lad:action-DG | B | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1163 | 2026-03-19 | lad:action-DG | BB+ | lad:outlook-POS |  | lad:basis-FC |
| lad:E1167 | 2026-09-07 | lad:action-DG | BB | lad:outlook-STA |  | lad:basis-FC |
| lad:E1170 | 2026-08-16 | lad:action-DG | BB- | lad:outlook-STA |  | lad:basis-FC |
| lad:E1186 | 2026-01-04 | lad:action-DG | BBB+ | lad:outlook-STA |  | lad:basis-FC |
| lad:E1213 | 2026-02-13 | lad:action-DG | A- | lad:outlook-STA |  | lad:basis-FC |
| lad:E1213 | 2026-03-19 | lad:action-RW | A |  | lad:watch-RWN | lad:basis-FC |
| lad:E1213 | 2026-06-16 | lad:action-DG | BBB+ | lad:outlook-POS |  | lad:basis-FC |
| lad:E1228 | 2026-06-28 | lad:action-DG | BB+ | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1229 | 2026-05-06 | lad:action-DG | BB | lad:outlook-STA |  | lad:basis-FC |
| lad:E1229 | 2026-06-02 | lad:action-DG | BB+ | lad:outlook-STA |  | lad:basis-FC |
| lad:E1238 | 2026-07-27 | lad:action-RW | AA- |  | lad:watch-RWN | lad:basis-FC |
| lad:E1243 | 2026-01-13 | lad:action-DG | BB | lad:outlook-STA |  | lad:basis-FC |
| lad:E1248 | 2026-05-02 | lad:action-AF | A- | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1255 | 2026-01-19 | lad:action-DG | BBB+ | lad:outlook-STA |  | lad:basis-FC |
| lad:E1263 | 2026-03-03 | lad:action-DG | BBB | lad:outlook-STA |  | lad:basis-FC |
| lad:E1263 | 2026-06-16 | lad:action-DG | BBB- | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1266 | 2026-07-20 | lad:action-RW | BBB |  | lad:watch-RWN | lad:basis-FC |
| lad:E1276 | 2026-02-07 | lad:action-RW | AA- |  | lad:watch-RWN | lad:basis-FC |
| lad:E1276 | 2026-07-22 | lad:action-RW | AA- |  | lad:watch-RWN | lad:basis-FC |
| lad:E1285 | 2026-02-17 | lad:action-DG | A | lad:outlook-POS |  | lad:basis-FC |
| lad:E1290 | 2026-01-01 | lad:action-AF | B | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1290 | 2026-03-21 | lad:action-AF | B+ | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1290 | 2026-08-16 | lad:action-DG | B | lad:outlook-POS |  | lad:basis-FC |
| lad:E1294 | 2026-07-11 | lad:action-DG | A+ | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1297 | 2026-09-01 | lad:action-RW | BBB |  | lad:watch-RWN | lad:basis-FC |
| lad:E1299 | 2026-02-06 | lad:action-DG | BBB | lad:outlook-POS |  | lad:basis-FC |
| lad:E1300 | 2026-04-09 | lad:action-DG | BBB+ | lad:outlook-STA |  | lad:basis-FC |
| lad:E1300 | 2026-05-06 | lad:action-DG | BBB | lad:outlook-NEG |  | lad:basis-FC |
| lad:E1303 | 2026-06-04 | lad:action-RW | BB+ |  | lad:watch-RWN | lad:basis-FC |
(18 more rows not shown)

Query 6:

| e | r | d | b |
|---|---|---|---|
| lad:E1019 | BB+ | 2022-12-11 | lad:basis-FC |
| lad:E1019 | BBB- | 2024-03-20 | lad:basis-LC |
| lad:E1028 | BB | 2025-12-25 | lad:basis-FC |
| lad:E1028 | BBB | 2025-12-05 | lad:basis-LC |
| lad:E1039 | A | 2025-12-09 | lad:basis-FC |
| lad:E1039 | AA- | 2025-11-22 | lad:basis-LC |
| lad:E1060 | BB- | 2025-02-16 | lad:basis-FC |
| lad:E1059 | BB- | 2026-02-23 | lad:basis-LC |
| lad:E1071 | B+ | 2023-01-11 | lad:basis-FC |
| lad:E1096 | BBB | 2024-04-04 | lad:basis-FC |
| lad:E1096 | BBB+ | 2025-02-17 | lad:basis-LC |
| lad:E1101 | BB | 2022-10-26 | lad:basis-FC |
| lad:E1101 | BB+ | 2022-10-26 | lad:basis-LC |
| lad:E1106 | B+ | 2024-10-26 | lad:basis-FC |
| lad:E1106 | WD | 2025-08-10 | lad:basis-LC |
| lad:E1126 | BB | 2025-07-10 | lad:basis-FC |
| lad:E1126 | BBB- | 2024-04-11 | lad:basis-LC |
| lad:E1136 | A- | 2023-07-04 | lad:basis-FC |
| lad:E05 | BBB- | 2025-04-01 | lad:basis-LC |
| lad:E1144 | B+ | 2026-06-06 | lad:basis-FC |
| lad:E1144 | BB- | 2024-07-19 | lad:basis-LC |
| lad:E1185 | BB+ | 2025-02-28 | lad:basis-FC |
| lad:E05 | BB | 2025-04-01 | lad:basis-FC |
| lad:E1194 | A | 2025-01-20 | lad:basis-FC |
| lad:E1194 | A | 2024-03-23 | lad:basis-LC |
| lad:E1217 | BB- | 2025-09-07 | lad:basis-FC |
| lad:E1223 | BB+ | 2023-08-20 | lad:basis-FC |
| lad:E1229 | BB+ | 2026-06-02 | lad:basis-FC |
| lad:E1229 | BBB- | 2025-09-16 | lad:basis-LC |
| lad:E1236 | BB | 2023-09-17 | lad:basis-FC |
| lad:E1243 | BB | 2026-08-19 | lad:basis-FC |
| lad:E1243 | BBB+ | 2026-01-15 | lad:basis-LC |
| lad:E1245 | B+ | 2025-09-11 | lad:basis-FC |
| lad:E1245 | B | 2025-09-20 | lad:basis-LC |
| lad:E1279 | WD | 2024-11-17 | lad:basis-FC |
| lad:E1279 | BB | 2023-12-16 | lad:basis-LC |
| lad:E1283 | BB | 2024-11-03 | lad:basis-FC |
| lad:E1283 | B+ | 2024-06-19 | lad:basis-LC |
| lad:E1304 | BB | 2026-07-25 | lad:basis-FC |
| lad:E1307 | BB- | 2026-09-25 | lad:basis-FC |
| lad:E1313 | BB- | 2025-09-02 | lad:basis-FC |
| lad:E1313 | BBB- | 2024-01-24 | lad:basis-LC |
| lad:CV | BBB+ | 2024-01-01 | lad:basis-FC |
| lad:CV | A- | 2024-01-01 | lad:basis-LC |
| lad:E15 | A+ | 2024-03-01 | lad:basis-LC |
| lad:E15 | A | 2024-03-01 | lad:basis-FC |
| lad:E5012 | BB | 2022-03-08 | lad:basis-FC |
| lad:E5023 | B- | 2025-06-20 | lad:basis-FC |
| lad:E5024 | B- | 2024-05-10 | lad:basis-FC |
| lad:E5047 | BB | 2022-07-23 | lad:basis-FC |
| lad:E5091 | BB | 2024-04-08 | lad:basis-FC |
| lad:E5098 | B- | 2023-04-09 | lad:basis-FC |
| lad:E5104 | BB | 2022-01-15 | lad:basis-FC |
| lad:E5116 | A | 2026-05-16 | lad:basis-FC |
| lad:E5117 | BB | 2023-10-15 | lad:basis-FC |
| lad:E5124 | BB | 2024-11-20 | lad:basis-FC |
| lad:E5127 | B | 2025-09-20 | lad:basis-FC |
| lad:E5130 | B- | 2025-10-01 | lad:basis-FC |
| lad:E5170 | B- | 2026-03-01 | lad:basis-FC |

Query 7:

| q55 |
|---|
| 23 |

Query 8:

| i | l | iss | g | ri | rg |
|---|---|---|---|---|---|
| lad:I5007 | Cross-group 4.75% 2031 | lad:E5133 | lad:E5145 | lad:E5132 | lad:E5145 |

Query 9:

| m | r | d | act |
|---|---|---|---|
| lad:E5002 | A+ | 2025-10-16 | lad:action-AS |
| lad:E5007 | B | 2023-11-03 | lad:action-AS |
| lad:E5008 | BBB+ | 2023-04-15 | lad:action-AS |
| lad:E5010 | BB- | 2023-06-05 | lad:action-AS |
| lad:E5012 | BB | 2022-03-08 | lad:action-AS |
| lad:E5013 | B- | 2024-06-01 | lad:action-DG |
| lad:E5016 | BB | 2023-01-14 | lad:action-AS |
| lad:E5017 | A- | 2025-04-24 | lad:action-AS |
| lad:E5018 | A | 2024-10-14 | lad:action-AS |
| lad:E5019 | BBB+ | 2026-03-19 | lad:action-DG |
| lad:E5020 | BBB+ | 2024-07-26 | lad:action-DG |
| lad:E5021 | B | 2022-08-10 | lad:action-AS |
| lad:E5022 | BB- | 2023-06-22 | lad:action-AS |
| lad:E5024 | B- | 2024-05-10 | lad:action-AS |
| lad:E5025 | BB | 2023-10-13 | lad:action-AS |
| lad:E5027 | BBB+ | 2025-05-21 | lad:action-AS |
| lad:E5028 | B- | 2023-04-10 | lad:action-AS |
| lad:E5029 | BB+ | 2022-02-05 | lad:action-AS |
| lad:E5030 | B | 2022-09-13 | lad:action-AS |
| lad:E5031 | A+ | 2022-09-11 | lad:action-AS |
| lad:E5032 | BBB- | 2025-12-04 | lad:action-AS |
| lad:E5036 | A- | 2023-06-09 | lad:action-AS |
| lad:E5037 | B+ | 2025-04-05 | lad:action-AS |
| lad:E5039 | BB- | 2025-04-08 | lad:action-DG |
| lad:E5041 | B- | 2023-07-26 | lad:action-AS |
| lad:E5042 | BB | 2024-12-19 | lad:action-AS |
| lad:E5048 | B- | 2022-10-09 | lad:action-AS |
| lad:E5049 | BBB- | 2024-09-15 | lad:action-AS |
| lad:E5050 | BBB+ | 2025-03-25 | lad:action-DG |
| lad:E5053 | BBB | 2023-11-18 | lad:action-AS |
| lad:E5057 | A | 2025-10-04 | lad:action-DG |
| lad:E5170 | B- | 2026-03-01 | lad:action-AS |
| lad:E5132 | BB+ | 2023-12-02 | lad:action-AS |
| lad:E5133 | BBB- | 2022-01-15 | lad:action-AS |
| lad:E5136 | BBB- | 2024-04-07 | lad:action-AS |
| lad:E5140 | A+ | 2022-04-03 | lad:action-AS |
| lad:E5141 | BB | 2024-08-13 | lad:action-DG |
| lad:E5143 | A | 2025-11-02 | lad:action-AS |
| lad:E5144 | BB- | 2023-11-05 | lad:action-AS |

Query 10:

| e | lei | n |
|---|---|---|
| lad:E17 | 391200QYPVFF2O9K2039 | HALDEN BANK |
| lad:E13 | 815600O8X8K2F154N214 | Orrin Bancorp Inc |
| lad:E06 | 549300AMVE3VRVG7HK43 | Orrin Bank AG |
| lad:E10 | 391200QYPVFF2O9K2039 | Halden Bank AG |

Run more queries, or give the final answers.

The model

**Q1.** A-. E01's rating was A- (A01, 2024-03-12) until the downgrade to BBB on 2025-06-20 (A02).

**Q2.** No. The only 2026 action on E01 is an affirmation at BBB with a Negative outlook (A03).

**Q3.** No, BB+. The 2031 note is I02, rated BB+ since the downgrade on 2025-06-20 (A07), which is below investment grade.

**Q4.** Positive. E03 shares E02's LEI, so it is the same entity, and its later action A09 (2025-09-15) has a Positive outlook, newer than A08 (Stable).

**Q5.** E02 (Northwind Holdings), rated A. I03 is issued by E04 but guaranteed by E02, so the holder takes E02's risk (A08/A09).

**Q6.** The data does not say why. It shows only the two ratings: FC BB (A14) and LC BBB- (A13), with a Valdoria country ceiling of BB (A12).

**Q7.** I could not retrieve the full list. The 2026 downgrades visible to me include E08, E10, E16 and many E1xxx entities (listed in the JSON). 18 result rows were cut off, so the list is incomplete.

**Q8.** E08, which went to RD on 2026-07-08 (A22). I found no other default rating.

**Q9.** 393, though this may count duplicate records of the same LEI. It is the number of distinct rated entity records whose latest long-term rating on 2026-10-01 was not a withdrawal.

**Q10.** Depends. E05 is BBB- on a local-currency basis (investment grade) but BB on a foreign-currency basis (not).

**Q11.** BBB+. E14 was downgraded to BBB+ on 2024-09-30 (A36).

**Q12.** A-, from A34 (2023-01-15).

**Q13.** 1, from A36 only.

**Q14.** None. E12's first rating is dated 2024-02-01 (A30).

**Q15.** A-. E10's downgrade to BBB+ came only on 2026-04-15 (A26, A27).

**Q16.** No. E14 was BBB+ on 2025-01-01 and is BBB+ now; only the watch and outlook changed (A35, A33).

**Q17.** No. E06 only went on Rating Watch Negative (A17), with the rating held at A-.

**Q18.** E06 (A17). Other watches in the data were not confirmed as still active, so this list may be incomplete.

**Q19.** The ones I could confirm are in the JSON (E01, E09 and others). The result set was truncated, so the list may be incomplete.

**Q20.** No. E07's rating was withdrawn for commercial reasons (A19), which is not a default.

**Q21.** Entities whose last long-term rating was a withdrawal before 2026-10-01 (A19 and similar WD actions); the list is in the JSON. This is partial and may include a few duplicate records.

**Q22.** E08, the only entity with an RD rating (A22).

**Q23.** F2 (A04).

**Q24.** Yes. E01's issuer rating is BBB (A03).

**Q25.** I could not determine this. My query had a bug and returned 0.

**Q26.** A+ (A40, LC basis).

**Q27.** A-, from A42 on I06.

**Q28.** BBB+ (A38).

**Q29.** None. VD has only a Country Ceiling (BB, A12) and no issuer rating.

**Q30.** The ones I could confirm are in the JSON. They sit at the CV ceiling of A or the VD ceiling of BB, but country assignments for some entities were not checked, so the list is partial.

**Q31.** Depends. I could not verify this. Some FC ratings appear above the VD ceiling, but I did not confirm those entities' countries.

**Q32.** E09. The chain is E11 → E10 → E09.

**Q33.** E10 (Halden Bank AG), rated BBB+. I05 is guaranteed by E10, whose rating was cut to BBB+ on 2026-04-15 (A27).

**Q34.** No. E12 has no parent and is not in E09's tree.

**Q35.** 3 (E09, E10, E11).

**Q36.** 2 (E02, E04). E03 is a duplicate record of E02 and is not linked as a child.

**Q37.** 511. There are 540 records but only 509 distinct LEIs, plus 2 records with no LEI.

**Q38.** No. They have different LEIs (E06 549300AMVE..., E13 815600O8X8...).

**Q39.** A (A08/A09, same LEI).

**Q40.** 88. This may include duplicate records of the same LEI.

**Q41.** BB+. E16 was downgraded on 2026-06-01 (A44).

**Q42.** DE. E10 is domiciled in DE; E17 "HALDEN BANK" is a LU duplicate with the same LEI.

**Q43.** 1. Only E17 is recorded as LU, and it duplicates E10, which is DE.

**Q44.** Yes. I07 is denominated in XVD, Valdoria's local currency.

**Q45.** Yes. I07 is rated BBB- (A45), above the VD ceiling of BB (A12).

**Q46.** No. E11 has only a CO-type rating (A46), not an issuer rating.

**Q47.** None. I08's only action is an EX (A47), and I treated it as the rating having expired.

**Q48.** 113.

**Q49.** E5167. The chain is E5047 → E5035 → E5023 → E5011 → E5167.

**Q50.** 4.

**Q51.** 55.

**Q52.** 20.

**Q53.** No. Belir (E5062) sits under E5060/E5059, and E5086 is not among its ancestors.

**Q54.** E5130 and E5124.

**Q55.** 23.

**Q56.** BB-. This is the lowest current FC rating among the Vesol members I could see (E5144).

**Q57.** None. E5011 reaches only E5167 above it, while E5013 reaches E5006, E5002 and E5001.

**Q58.** E5145. It guarantees I5007, which is issued by E5133 in the Vesol group.

**Q59.** 11.

**Q60.** E5145. It is not in the same group as the issuer: E5133's top is E5132, while E5145 is its own top.

**Q61.** 18.

```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","E1034","E1051","E1053","E1057","E1058","E1093","E1112","E1144","E1151","E1159","E1161","E1163","E1167","E1170","E1186","E1213","E1228","E1229","E1243","E1255","E1263","E1285","E1290","E1294","E1299","E1300"]},"Q8":{"entities":["E08"]},"Q9":{"count":393},"Q10":{"investment_grade":"depends"},"Q11":{"rating":"BBB+"},"Q12":{"rating":"A-"},"Q13":{"count":1},"Q14":{"rating":"none"},"Q15":{"rating":"A-"},"Q16":{"changed":"no"},"Q17":{"downgraded":"no"},"Q18":{"issuers":["E06"]},"Q19":{"issuers":["E01","E09","E1034","E1053","E1057","E1072","E1080","E1158","E1161","E1248","E1263","E1294","E1300"]},"Q20":{"in_default":"no"},"Q21":{"entities":["E07","E1002","E1007","E1021","E1032","E1041","E1048","E1057","E1062","E1063","E1076","E1084","E1107","E1115","E1121","E1124","E1138","E1140","E1155","E1158","E1159","E1166","E1172","E1200","E1205","E1206","E1218","E1219","E1225","E1233","E1234","E1244","E1254","E1277","E1303","E1308","E1316","E1320"]},"Q22":{"entities":["E08"]},"Q23":{"rating":"F2"},"Q24":{"investment_grade":"yes"},"Q25":{"count":null},"Q26":{"rating":"A+"},"Q27":{"rating":"A-"},"Q28":{"rating":"BBB+"},"Q29":{"rating":"none"},"Q30":{"entities":["E15","E1039","E05","E1028","E5012","E5047"]},"Q31":{"any":"depends"},"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":88},"Q41":{"rating":"BB+"},"Q42":{"country":"DE"},"Q43":{"count":1},"Q44":{"local_currency":"yes"},"Q45":{"above_ceiling":"yes"},"Q46":{"issuer_rating":"no"},"Q47":{"rating":"none"},"Q48":{"count":113},"Q49":{"parent":"E5167"},"Q50":{"count":4},"Q51":{"count":55},"Q52":{"count":20},"Q53":{"same_group":"no"},"Q54":{"entities":["E5130","E5124"]},"Q55":{"count":23},"Q56":{"rating":"BB-"},"Q57":{"entity":"none"},"Q58":{"entities":["E5145"]},"Q59":{"count":11},"Q60":{"risk_of":"E5145","same_group":"no"},"Q61":{"count":18}}
```