D3 sql+executed, run 5: the query session
28 queries3 failed5 rounds
The opening prompt
## The data
You can't see the data, but you can query it. It is in DuckDB, in the tables below. Write DuckDB SQL.
To run queries, reply with one or more fenced blocks (```sql), 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.
All columns are text (VARCHAR); dates are ISO strings.
- `entities` (497 rows): entity_id, name, lei, country, entity_type, parent_id, ultimate_parent_id, record_ids
- `instruments` (122 rows): instrument_id, description, issuer_id, guarantor_id, credit_risk_of, seniority, currency, local_currency, maturity
- `ratings` (869 rows): rated_id, rating_type, ccy_basis, rating, outlook, watch, action, valid_from, valid_to, action_id
- `ceilings` (2 rows): country, ceiling, valid_from
- `ancestors` (608 rows): entity_id, ancestor_id, levels_up
These tables are the data after its rules have been applied: duplicate records merged into one entity (record_ids lists the records each entity merges), and each rating with the period it held. An empty valid_to means the rating was still in force on 1 October 2026. ancestors lists every entity above each entity in its chain of parents, with how many levels up.
## 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.
```sql
SELECT * FROM entities WHERE name ILIKE '%Kestrel%' OR name ILIKE '%Northwind%' OR name ILIKE '%Valdoria%' OR name ILIKE '%Marlow%' OR name ILIKE '%Halden%' OR name ILIKE '%Orrin%' OR name ILIKE '%Pellam%' OR name ILIKE '%Corvenia%' OR name ILIKE '%Brindle%' ORDER BY name;
```
```sql
SELECT * FROM instruments ORDER BY instrument_id LIMIT 200;
```
```sql
SELECT * FROM ceilings;
```
```sql
SELECT rating_type, ccy_basis, count(*) FROM ratings GROUP BY ALL ORDER BY ALL;
```
```sql
SELECT DISTINCT action, watch, outlook FROM ratings ORDER BY ALL;
```Query results
Query 1:
| entity_id | name | lei | country | entity_type | parent_id | ultimate_parent_id | record_ids |
|---|---|---|---|---|---|---|---|
| E15 | Corvenia Power SA | 213800PBQVHVBBH6GV02 | CV | CORP | | | E15 |
| E10 | Halden Bank AG | 391200QYPVFF2O9K2039 | LU | BANK | E09 | E09 | E10 E17 |
| E12 | Halden Foods Ltd | 213800IJDL4OJ4DG5T19 | GB | CORP | | | E12 |
| E09 | Halden Group plc | 815600ASM9EHDG931T89 | GB | CORP | | | E09 |
| E11 | Halden Leasing SA | 549300XBZH4ULO9MQV55 | FR | FINSUB | E10 | E09 | E11 |
| E01 | Kestrel Energy plc | 7245002OOPBG04092E43 | GB | CORP | | | E01 |
| E14 | Marlow Utilities plc | 3912005AH2C1I9YF8106 | GB | CORP | | | E14 |
| E04 | Northwind Finance BV | 213800LA5RYJLGXV2T85 | NL | FINSUB | E02 | E02 | E04 |
| E02 | Northwind Holdings plc | 213800PHEIYNJMHTDV74 | GB | CORP | | | E02 E03 |
| E13 | Orrin Bancorp Inc | 815600O8X8K2F154N214 | US | BANK | | | E13 |
| E06 | Orrin Bank AG | 549300AMVE3VRVG7HK43 | DE | BANK | | | E06 |
| E07 | Pellam Retail Ltd | 969500B6IUACELPI2291 | GB | CORP | | | E07 |
| CV | Republic of Corvenia | | CV | SOV | | | CV |
| VD | Republic of Valdoria | | VD | SOV | | | VD |
| E05 | Valdoria Telecom SA | 391200LESH03LMOY2U61 | VD | CORP | | | E05 |
Query 2:
| instrument_id | description | issuer_id | guarantor_id | credit_risk_of | seniority | currency | local_currency | maturity |
|---|---|---|---|---|---|---|---|---|
| I01 | Kestrel Energy 4.50% notes due 2030 | E01 | | E01 | SU | GBP | no | 2030-03-15 |
| I02 | Kestrel Energy 6.25% notes due 2031 | E01 | | E01 | SUB | GBP | no | 2031-09-30 |
| I03 | Northwind Finance 3.75% notes due 2030 | E04 | E02 | E02 | SU | EUR | no | 2030-05-01 |
| I04 | Valdoria Telecom 5.00% notes due 2029 | E05 | | E05 | SU | USD | no | 2029-11-20 |
| I05 | Halden Leasing 2.90% notes due 2028 | E11 | E10 | E10 | SU | EUR | no | 2028-06-30 |
| I06 | Corvenia Power 7.10% notes due 2032 | E15 | | E15 | SUB | USD | no | 2032-02-15 |
| I07 | Valdoria Telecom 4.25% notes due 2027 | E05 | | E05 | SU | XVD | yes | 2027-08-31 |
| I08 | Corvenia Power 6.00% notes due 2034 | E15 | | E15 | SU | USD | no | 2034-09-01 |
| I1001 | Soson Airlines 5.50% notes due 2031 | E1006 | | E1006 | SUB | USD | no | 2035-06-30 |
| I1002 | Golod Property 8.75% notes due 2031 | E1007 | | E1007 | SU | USD | no | 2033-06-30 |
| I1003 | Sotil Retail 3.00% notes due 2031 | E1008 | | E1008 | SU | GBP | no | 2034-06-30 |
| I1004 | Malam Chemicals 2.25% notes due 2035 | E1009 | | E1009 | SU | USD | no | 2028-06-30 |
| I1005 | Posad Industries 4.00% notes due 2033 | E1012 | | E1012 | SU | EUR | no | 2031-06-30 |
| I1006 | Pisol Pharma 4.75% notes due 2030 | E1013 | | E1013 | SUB | USD | no | 2030-06-30 |
| I1007 | Toral Utilities 7.75% notes due 2028 | E1014 | | E1014 | SU | EUR | no | 2033-06-30 |
| I1008 | Ponar Telecom 4.75% notes due 2035 | E1016 | | E1016 | SU | EUR | no | 2033-06-30 |
| I1009 | Tosem Mining 2.75% notes due 2031 | E1018 | | E1018 | SUB | USD | no | 2036-06-30 |
| I1010 | Finel Media 6.50% notes due 2035 | E1020 | | E1020 | SU | EUR | no | 2036-06-30 |
| I1011 | Niner Pharma 3.25% notes due 2029 | E1021 | | E1021 | SU | USD | no | 2035-06-30 |
| I1012 | Heled Water 6.25% notes due 2030 | E1023 | | E1023 | SU | GBP | no | 2031-06-30 |
| I1013 | Kuvir Logistics 2.00% notes due 2027 | E1031 | | E1031 | SU | EUR | no | 2027-06-30 |
| I1014 | Kavod Utilities 2.50% notes due 2032 | E1035 | | E1035 | SU | USD | no | 2036-06-30 |
| I1015 | Lanon Telecom 4.75% notes due 2033 | E1038 | | E1038 | SUB | EUR | no | 2032-06-30 |
| I1016 | Hiral Steel 6.00% notes due 2035 | E1041 | | E1041 | SU | USD | no | 2034-06-30 |
| I1017 | Lised Pharma 4.50% notes due 2036 | E1048 | | E1048 | SU | EUR | no | 2029-06-30 |
| I1018 | Paser Utilities 3.75% notes due 2027 | E1049 | | E1049 | SUB | GBP | no | 2034-06-30 |
| I1019 | Sunar Holdings 8.50% notes due 2036 | E1050 | | E1050 | SUB | USD | no | 2034-06-30 |
| I1020 | Witad Steel 5.00% notes due 2033 | E1052 | | E1052 | SU | EUR | no | 2027-06-30 |
| I1021 | Duver Shipping 8.50% notes due 2032 | E1056 | | E1056 | SU | EUR | no | 2030-06-30 |
| I1022 | Levem Foods 6.50% notes due 2035 | E1067 | | E1067 | SUB | EUR | no | 2030-06-30 |
| I1023 | Mored Utilities 4.25% notes due 2032 | E1071 | | E1071 | SUB | USD | no | 2033-06-30 |
| I1024 | Ganed Holdings 5.75% notes due 2035 | E1077 | | E1077 | SU | EUR | no | 2032-06-30 |
| I1025 | Menir Shipping 7.50% notes due 2028 | E1078 | | E1078 | SUB | EUR | no | 2034-06-30 |
| I1026 | Nevar Property 6.75% notes due 2036 | E1079 | | E1079 | SU | GBP | no | 2028-06-30 |
| I1027 | Gilen Capital 2.00% notes due 2031 | E1082 | | E1082 | SUB | USD | no | 2034-06-30 |
| I1028 | Givim Mining 5.75% notes due 2036 | E1085 | | E1085 | SU | EUR | no | 2034-06-30 |
| I1029 | Gorar Steel 7.25% notes due 2033 | E1086 | | E1086 | SUB | USD | no | 2035-06-30 |
| I1030 | Vitid Holdings 5.75% notes due 2032 | E1087 | | E1087 | SU | EUR | no | 2034-06-30 |
| I1031 | Koved Holdings 2.50% notes due 2032 | E1088 | | E1088 | SUB | EUR | no | 2033-06-30 |
| I1032 | Getel Utilities 7.25% notes due 2033 | E1090 | | E1090 | SU | USD | no | 2032-06-30 |
| I1033 | Vavam Pharma 8.75% notes due 2032 | E1103 | | E1103 | SUB | USD | no | 2032-06-30 |
| I1034 | Kisil Logistics 8.50% notes due 2031 | E1108 | | E1108 | SU | EUR | no | 2033-06-30 |
| I1035 | Verod Logistics 3.00% notes due 2035 | E1114 | | E1114 | SU | GBP | no | 2029-06-30 |
| I1036 | Piren Foods 2.50% notes due 2030 | E1115 | | E1115 | SU | USD | no | 2033-06-30 |
| I1037 | Reter Shipping 8.00% notes due 2028 | E1118 | | E1118 | SU | EUR | no | 2027-06-30 |
| I1038 | Conan Capital 4.75% notes due 2033 | E1131 | | E1131 | SU | EUR | no | 2031-06-30 |
| I1039 | Larid Steel 8.50% notes due 2028 | E1141 | | E1141 | SU | GBP | no | 2033-06-30 |
| I1040 | Woner Media 5.75% notes due 2027 | E1143 | | E1143 | SUB | EUR | no | 2027-06-30 |
| I1041 | Kanim Pharma 3.25% notes due 2033 | E1145 | | E1145 | SUB | EUR | no | 2036-06-30 |
| I1042 | Daren Mining 5.75% notes due 2030 | E1147 | | E1147 | SU | EUR | no | 2035-06-30 |
| I1043 | Honel Shipping 4.50% notes due 2028 | E1149 | | E1149 | SUB | EUR | no | 2029-06-30 |
| I1044 | Wavad Foods 6.75% notes due 2035 | E1155 | | E1155 | SU | USD | no | 2036-06-30 |
| I1045 | Ruven Airlines 5.75% notes due 2032 | E1156 | | E1156 | SUB | EUR | no | 2036-06-30 |
| I1046 | Diled Steel 8.75% notes due 2027 | E1160 | | E1160 | SU | EUR | no | 2029-06-30 |
| I1047 | Wunam Telecom 5.25% notes due 2032 | E1162 | | E1162 | SU | EUR | no | 2029-06-30 |
| I1048 | Wenar Water 8.25% notes due 2028 | E1163 | | E1163 | SUB | EUR | no | 2028-06-30 |
| I1049 | Ranim Shipping 8.00% notes due 2028 | E1166 | | E1166 | SUB | USD | no | 2036-06-30 |
| I1050 | Fivan Holdings 2.25% notes due 2035 | E1168 | | E1168 | SU | EUR | no | 2027-06-30 |
| I1051 | Molar Shipping 3.25% notes due 2031 | E1188 | | E1188 | SU | EUR | no | 2028-06-30 |
| I1052 | Divid Property 4.25% notes due 2033 | E1189 | | E1189 | SUB | GBP | no | 2032-06-30 |
(62 more rows not shown)
Query 3:
| country | ceiling | valid_from |
|---|---|---|
| CV | A | 2024-01-01 |
| VD | BB | 2025-04-01 |
Query 4:
| rating_type | ccy_basis | count_star() |
|---|---|---|
| INST | | 117 |
| LTIDR | FC | 717 |
| LTIDR | LC | 34 |
| STIDR | FC | 1 |
Query 5:
| action | watch | outlook |
|---|---|---|
| AF | | NEG |
| AF | | POS |
| AF | | STA |
| AF | | |
| AS | | STA |
| AS | | |
| DG | | NEG |
| DG | | POS |
| DG | | STA |
| DG | | |
| RW | RWN | |
| UG | | NEG |
| UG | | POS |
| UG | | STA |
| WD | | |
Run more queries, or give the final answers.The model
<invoke name="sql">
```sql
SELECT * FROM ratings WHERE rated_id IN ('E01','E02','E03','E04','E05','E06','E07','E09','E10','E11','E12','E13','E14','E15','CV','VD','I01','I02','I03','I04','I05','I06','I07','I08','E17') ORDER BY rated_id, rating_type, ccy_basis, valid_from;
```
</invoke>
á
<invoke name="sql">
```sql
SELECT * FROM instruments WHERE instrument_id NOT LIKE 'I10%' AND instrument_id NOT LIKE 'I11%' OR guarantor_id<>'' OR issuer_id<>credit_risk_of;
```
</invoke>
<invoke name="sql">
```sql
SELECT * FROM entities WHERE name ILIKE '%Cerid%' OR name ILIKE '%Rotam%' OR name ILIKE '%Belir%' OR name ILIKE '%Wonod%' OR name ILIKE '%Vesol%' OR name ILIKE '%Brindle%' OR country='LU' OR entity_id IN ('E03','E17') ORDER BY name;
```
</invoke>Query results
Query 1:
| rated_id | rating_type | ccy_basis | rating | outlook | watch | action | valid_from | valid_to | action_id |
|---|---|---|---|---|---|---|---|---|---|
| CV | LTIDR | FC | BBB+ | STA | | AS | 2024-01-01 | | A38 |
| CV | LTIDR | LC | A- | STA | | AS | 2024-01-01 | | A39 |
| E01 | LTIDR | FC | A- | STA | | AS | 2024-03-12 | 2025-06-20 | A01 |
| E01 | LTIDR | FC | BBB | STA | | DG | 2025-06-20 | 2026-02-10 | A02 |
| E01 | LTIDR | FC | BBB | NEG | | AF | 2026-02-10 | | A03 |
| E01 | STIDR | FC | F2 | | | AF | 2026-02-10 | | A04 |
| E02 | LTIDR | FC | A | STA | | AS | 2023-11-01 | 2025-09-15 | A08 |
| E02 | LTIDR | FC | A | POS | | AF | 2025-09-15 | | A09 |
| E05 | LTIDR | FC | BB | STA | | AS | 2025-04-01 | | A14 |
| E05 | LTIDR | LC | BBB- | STA | | AS | 2025-04-01 | | A13 |
| E06 | LTIDR | FC | A- | STA | | AS | 2024-05-01 | 2026-09-03 | A16 |
| E06 | LTIDR | FC | A- | | RWN | RW | 2026-09-03 | | A17 |
| E07 | LTIDR | FC | BB | STA | | AS | 2024-01-10 | 2026-05-12 | A18 |
| E07 | LTIDR | FC | WD | | | WD | 2026-05-12 | | A19 |
| E09 | LTIDR | FC | A | STA | | AS | 2023-05-01 | 2026-03-01 | A24 |
| E09 | LTIDR | FC | A | NEG | | AF | 2026-03-01 | | A25 |
| E10 | LTIDR | FC | A- | STA | | AS | 2023-05-01 | 2026-04-15 | A26 |
| E10 | LTIDR | FC | BBB+ | STA | | DG | 2026-04-15 | | A27 |
| E12 | LTIDR | FC | BB- | STA | | AS | 2024-02-01 | 2025-08-01 | A30 |
| E12 | LTIDR | FC | BB | STA | | UG | 2025-08-01 | | A31 |
| E13 | LTIDR | FC | BBB | STA | | AS | 2024-07-01 | | A32 |
| E14 | LTIDR | FC | A- | STA | | AS | 2023-01-15 | 2024-09-30 | A34 |
| E14 | LTIDR | FC | BBB+ | STA | | DG | 2024-09-30 | 2025-11-20 | A36 |
| E14 | LTIDR | FC | BBB+ | | RWN | RW | 2025-11-20 | 2026-05-01 | A35 |
| E14 | LTIDR | FC | BBB+ | STA | | AF | 2026-05-01 | | A33 |
| E15 | LTIDR | FC | A | STA | | AS | 2024-03-01 | | A41 |
| E15 | LTIDR | LC | A+ | STA | | AS | 2024-03-01 | | A40 |
| I01 | INST | | A- | | | AS | 2024-03-12 | 2025-06-20 | A05 |
| I01 | INST | | BBB | | | DG | 2025-06-20 | | A06 |
| I02 | INST | | BBB | | | AS | 2024-03-12 | 2025-06-20 | A23 |
| I02 | INST | | BB+ | | | DG | 2025-06-20 | | A07 |
| I03 | INST | | A | | | AS | 2023-11-01 | 2025-09-15 | A10 |
| I03 | INST | | A | | | AF | 2025-09-15 | | A11 |
| I04 | INST | | BB | | | AS | 2025-04-01 | | A15 |
| I05 | INST | | A- | | | AS | 2023-06-01 | 2026-04-15 | A28 |
| I05 | INST | | BBB+ | | | DG | 2026-04-15 | | A29 |
| I06 | INST | | A- | | | AS | 2024-03-01 | | A42 |
| I07 | INST | | BBB- | | | AS | 2025-04-01 | | A45 |
Query 2:
| instrument_id | description | issuer_id | guarantor_id | credit_risk_of | seniority | currency | local_currency | maturity |
|---|---|---|---|---|---|---|---|---|
| I01 | Kestrel Energy 4.50% notes due 2030 | E01 | | E01 | SU | GBP | no | 2030-03-15 |
| I02 | Kestrel Energy 6.25% notes due 2031 | E01 | | E01 | SUB | GBP | no | 2031-09-30 |
| I03 | Northwind Finance 3.75% notes due 2030 | E04 | E02 | E02 | SU | EUR | no | 2030-05-01 |
| I04 | Valdoria Telecom 5.00% notes due 2029 | E05 | | E05 | SU | USD | no | 2029-11-20 |
| I05 | Halden Leasing 2.90% notes due 2028 | E11 | E10 | E10 | SU | EUR | no | 2028-06-30 |
| I06 | Corvenia Power 7.10% notes due 2032 | E15 | | E15 | SUB | USD | no | 2032-02-15 |
| I07 | Valdoria Telecom 4.25% notes due 2027 | E05 | | E05 | SU | XVD | yes | 2027-08-31 |
| I08 | Corvenia Power 6.00% notes due 2034 | E15 | | E15 | SU | USD | no | 2034-09-01 |
| I1093 | Poval Chemicals Finance 2.50% notes due 2034 | E1325 | E1084 | E1084 | SU | EUR | no | 2027-03-31 |
| I1094 | Witad Steel Finance 6.50% notes due 2027 | E1326 | E1052 | E1052 | SU | EUR | no | 2033-03-31 |
| I1095 | Nuner Holdings Finance 4.50% notes due 2032 | E1327 | E1119 | E1119 | SU | EUR | no | 2030-03-31 |
| I1096 | Palad Mining Finance 6.50% notes due 2030 | E1328 | E1244 | E1244 | SU | EUR | no | 2028-03-31 |
| I1097 | Ganen Shipping Finance 5.50% notes due 2030 | E1329 | E1069 | E1069 | SU | EUR | no | 2029-03-31 |
| I1098 | Niner Pharma Finance 3.50% notes due 2030 | E1330 | E1021 | E1021 | SU | EUR | no | 2032-03-31 |
| I1099 | Tulol Shipping Finance 3.50% notes due 2034 | E1331 | E1025 | E1025 | SU | EUR | no | 2032-03-31 |
| I1100 | Sanin Mining Finance 2.50% notes due 2032 | E1332 | E1068 | E1068 | SU | EUR | no | 2028-03-31 |
| I1101 | Gilen Capital Finance 3.50% notes due 2031 | E1333 | E1082 | E1082 | SU | EUR | no | 2034-03-31 |
| I1102 | Votim Industries Finance 3.50% notes due 2027 | E1334 | E1260 | E1260 | SU | EUR | no | 2031-03-31 |
| I1103 | Belor Telecom Finance 2.50% notes due 2027 | E1335 | E1234 | E1234 | SU | EUR | no | 2030-03-31 |
| I1104 | Navor Holdings Finance 2.50% notes due 2029 | E1336 | E1176 | E1176 | SU | EUR | no | 2033-03-31 |
| I1105 | Lanon Telecom Finance 5.50% notes due 2028 | E1337 | E1038 | E1038 | SU | EUR | no | 2034-03-31 |
| I1106 | Hivor Industries Finance 6.50% notes due 2027 | E1338 | E1073 | E1073 | SU | EUR | no | 2033-03-31 |
| I1107 | Wivin Airlines Finance 2.50% notes due 2031 | E1339 | E1241 | E1241 | SU | EUR | no | 2030-03-31 |
| I5001 | Cerid Funding 4.25% notes due 2033 | E5005 | E5001 | E5001 | SU | EUR | no | 2030-12-31 |
| I5002 | Belir Funding 5.25% notes due 2035 | E5062 | E5059 | E5059 | SU | EUR | no | 2029-12-31 |
| I5003 | Rotam Funding 3.25% notes due 2032 | E5090 | E5086 | E5086 | SU | EUR | no | 2033-12-31 |
| I5004 | Wonod Funding 4.25% notes due 2032 | E5108 | E5105 | E5105 | SU | EUR | no | 2032-12-31 |
| I5005 | Vesol Funding 7.25% notes due 2033 | E5135 | E5132 | E5132 | SU | EUR | no | 2030-12-31 |
| I5006 | Geren Funding 7.25% notes due 2030 | E5149 | E5145 | E5145 | SU | EUR | no | 2032-12-31 |
| I5007 | Cross-group 4.75% notes due 2031 | E5133 | E5145 | E5145 | SU | USD | no | 2031-06-30 |
Query 3:
| entity_id | name | lei | country | entity_type | parent_id | ultimate_parent_id | record_ids |
|---|---|---|---|---|---|---|---|
| E5083 | Belir Airlines plc | 815600VWRV7PTZ2G2598 | GB | CORP | E5075 | E5059 | E5083 |
| E5082 | Belir Bovid Telecom plc | 815600N0YPG44MRFH213 | GB | BANK | E5074 | E5059 | E5082 |
| E5067 | Belir Capital AG | 724500PEM92TFIBH3E89 | DE | CORP | E5063 | E5059 | E5067 |
| E5071 | Belir Chemicals SA | 724500EPR0DH4ZXK1N07 | FR | CORP | E5066 | E5059 | E5071 |
| E5080 | Belir Foods AG | 815600W19TGJNKXFFO22 | DE | CORP | E5072 | E5059 | E5080 |
| E5075 | Belir Gitid Industries plc | 815600DW5IX6LC8W8V29 | GB | CORP | E5068 | E5059 | E5075 |
| E5059 | Belir Group AG | 969500YPO4CFVEL1XX12 | DE | CORP | | | E5059 |
| E5063 | Belir Harem Property AG | 391200DIHCC3BA4VZZ12 | DE | CORP | E5060 | E5059 | E5063 |
| E5064 | Belir Holdings plc | 724500Q0JKSMWBXVBU93 | GB | CORP | E5061 | E5059 | E5064 |
| E5074 | Belir Industries plc | 549300KXQ2S560AVV453 | GB | CORP | E5068 | E5059 | E5074 |
| E5072 | Belir Katin Telecom AG | 815600R2EBVJ16RD3A20 | DE | CORP | E5067 | E5059 | E5072 |
| E5068 | Belir Kator Energy plc | 969500LH6R0LMYUZA394 | GB | CORP | E5064 | E5059 | E5068 |
| E5084 | Belir Luton Media SA | 815600NALYO1JPB0Y303 | FR | BANK | E5076 | E5059 | E5084 |
| E5077 | Belir Media SA | 213800PX54IYKA21SV31 | FR | CORP | E5069 | E5059 | E5077 |
| E5062 | Belir Mining SA | 54930011OTFCAUKB0A28 | FR | CORP | E5060 | E5059 | E5062 E5168 |
| E5065 | Belir Nelad Property AG | 549300L03V06VLA93J12 | DE | CORP | E5061 | E5059 | E5065 |
| E5076 | Belir Property SA | 96950092K7EM4MPGLP04 | FR | CORP | E5069 | E5059 | E5076 |
| E5073 | Belir Puvir Mining plc | 549300Z4E2ZBV3ZWA751 | GB | CORP | E5067 | E5059 | E5073 |
| E5060 | Belir Retail AG | 549300PQXT9OXKZVXP03 | DE | CORP | E5059 | E5059 | E5060 |
| E5070 | Belir Rusin Media SA | 8156004IQIH39FK9VH78 | FR | CORP | E5066 | E5059 | E5070 |
| E5085 | Belir Rutel Water SA | 213800K6R3NB1ZT7Y709 | CV | CORP | E5077 | E5059 | E5085 |
| E5066 | Belir Shipping SA | 2138006F3FLNO4C1FU85 | FR | CORP | E5062 | E5059 | E5066 |
| E5079 | Belir Sitom Logistics SA | 213800N76YAEEVTGC136 | FR | CORP | E5071 | E5059 | E5079 |
| E5061 | Belir Steel Inc | 5493004QWM1AN9Q59M90 | US | BANK | E5059 | E5059 | E5061 |
| E5078 | Belir Vasin Water plc | 969500OGDTR8B14SH139 | GB | BANK | E5070 | E5059 | E5078 |
| E5081 | Belir Vusad Telecom SA | 549300C58DC34KK7FK00 | VD | CORP | E5073 | E5059 | E5081 |
| E5069 | Belir Water SA | 391200PZ4I0VQJK2W457 | FR | CORP | E5065 | E5059 | E5069 |
| E5008 | Cerid Airlines BV | 815600M8RE9386DDQB31 | NL | CORP | E5003 | E5001 | E5008 |
| E5051 | Cerid Butad Capital SA | 969500P4S8FH9839YS39 | FR | CORP | E5039 | E5001 | E5051 |
| E5019 | Cerid Buvom Mining plc | 2138002W9KTVILKQ8Q89 | GB | CORP | E5009 | E5001 | E5019 |
| E5036 | Cerid Calin Energy SpA | 549300RJ7KMPDJVQY167 | IT | CORP | E5024 | E5001 | E5036 |
| E5056 | Cerid Capital plc | 391200Q0XXMZJQSOR362 | GB | CORP | E5044 | E5001 | E5056 |
| E5005 | Cerid Chemicals SA | 391200B1GR4AGTV5WY99 | VD | CORP | E5002 | E5001 | E5005 E5167 |
| E5058 | Cerid Cirad Industries BV | 391200XLOZO7S6T1FI61 | NL | BANK | E5046 | E5001 | E5058 |
| E5045 | Cerid Curel Water SA | 7245006QVOPQQK3JUP45 | CV | CORP | E5033 | E5001 | E5045 |
| E5023 | Cerid Dilal Utilities SA | 549300MXQ7UU7852PG70 | VD | CORP | E5011 | E5001 | E5023 |
| E5041 | Cerid Dolem Mining AG | 391200FXD4CH3FVZ4165 | DE | BANK | E5029 | E5001 | E5041 |
| E5002 | Cerid Energy plc | 3912006ACANJUP8PLJ39 | GB | CORP | E5001 | E5001 | E5002 |
| E5024 | Cerid Fatal Shipping SA | 39120041ZCI02VDN2I18 | VD | CORP | E5012 | E5001 | E5024 |
| E5025 | Cerid Fater Media SA | 213800AXPZD5MSP2GW32 | ES | CORP | E5013 | E5001 | E5025 |
| E5042 | Cerid Feral Property BV | 724500N6QZUJJJ1BJI79 | NL | BANK | E5030 | E5001 | E5042 |
| E5006 | Cerid Foods plc | 969500HZQBDFIIHLYK06 | GB | BANK | E5002 | E5001 | E5006 |
| E5050 | Cerid Futir Utilities BV | 213800KKF07D3TEWYS82 | NL | BANK | E5038 | E5001 | E5050 |
| E5028 | Cerid Galon Chemicals BV | 724500EVQNRETR9CVD02 | NL | BANK | E5016 | E5001 | E5028 |
| E5010 | Cerid Gator Steel Inc | 724500E2OQMMMZVTBS53 | US | CORP | E5004 | E5001 | E5010 |
| E5012 | Cerid Gevin Pharma SA | 549300TPHB19IJU6VV67 | VD | CORP | E5005 | E5001 | E5012 |
| E5046 | Cerid Gevom Media BV | 5493004EWDCN8OTFZZ22 | NL | CORP | E5034 | E5001 | E5046 |
| E5055 | Cerid Gosim Media SA | 391200627RBIC2DTG305 | CV | CORP | E5043 | E5001 | E5055 |
| E5001 | Cerid Group plc | 815600F48PANJQE75352 | GB | CORP | | | E5001 |
| E5014 | Cerid Gusom Pharma SpA | 724500YWGS7BR1AKHD13 | IT | CORP | E5006 | E5001 | E5014 |
| E5011 | Cerid Guven Energy SA | 391200IX7WB68Q29NJ46 | VD | CORP | E5005 | E5001 | E5011 |
| E5007 | Cerid Holdings BV | 391200Q98UGZZQTV1C88 | NL | CORP | E5003 | E5001 | E5007 |
| E5038 | Cerid Holen Chemicals BV | 969500HETRKT6OQMNS48 | NL | CORP | E5026 | E5001 | E5038 |
| E5037 | Cerid Holom Water SA | 2138003NRPV4IDSP9314 | ES | CORP | E5025 | E5001 | E5037 |
| E5026 | Cerid Hosad Retail Inc | 724500GF9ADSAA20FI77 | US | CORP | E5014 | E5001 | E5026 |
| E5027 | Cerid Hutem Water plc | 391200TO1KK187R1JQ78 | GB | CORP | E5015 | E5001 | E5027 |
| E5022 | Cerid Industries Inc | 213800S7QJ9EVK96PK05 | US | CORP | E5010 | E5001 | E5022 |
| E5009 | Cerid Leror Logistics plc | 96950033222B9BRCGP58 | GB | CORP | E5004 | E5001 | E5009 |
| E5054 | Cerid Linin Media BV | 549300UVWD2URAQCNQ18 | NL | BANK | E5042 | E5001 | E5054 |
| E5015 | Cerid Logistics BV | 969500C1TQV008QIYL28 | NL | CORP | E5007 | E5001 | E5015 |
(85 more rows not shown)
Query 4 failed: Parser Error: syntax error at or near "sql"
Query 5 failed: Parser Error: syntax error at or near "sql"
Query 6 failed: Parser Error: syntax error at or near "sql"
Run more queries, or give the final answers.The model
```sql
SELECT * FROM entities WHERE name ILIKE '%Brindle%' OR entity_id IN ('E03','E17','E5168','E5167');
```
```sql
SELECT country, count(*) FROM entities WHERE country IN ('LU','GB') GROUP BY ALL;
```
```sql
SELECT e.entity_id,e.name,e.country,e.parent_id,e.ultimate_parent_id,e.record_ids FROM entities e WHERE name ILIKE '%Cerid Rosor%' OR name ILIKE '%Rotam Group%' OR name ILIKE '%Wonod Group%' OR name ILIKE '%Vesol Group%' OR name ILIKE '%Cerid Telecom%' OR name ILIKE '%Cerid Guven%' OR entity_id IN ('E5133','E5145','E5090','E5108','E5135');
```
```sql
SELECT ultimate_parent_id, count(*) FROM entities WHERE ultimate_parent_id IN ('E5001','E09','E02') OR entity_id IN ('E5001','E09','E02') GROUP BY ALL;
```
```sql
SELECT * FROM ancestors WHERE entity_id IN (SELECT entity_id FROM entities WHERE name ILIKE '%Cerid Rosor%' OR name ILIKE '%Cerid Telecom%' OR name ILIKE '%Cerid Guven%' OR entity_id='E5133');
```
```sql
SELECT e.ultimate_parent_id u, count(*) n FROM entities e WHERE e.ultimate_parent_id IN (SELECT entity_id FROM entities WHERE name IN ('Rotam Group Inc','Wonod Group SA','Vesol Group BV','Cerid Group plc')) GROUP BY ALL;
```
```sql
SELECT e.entity_id,e.country,e.ultimate_parent_id,r.rating,r.valid_from FROM entities e JOIN ratings r ON r.rated_id=e.entity_id WHERE r.valid_to='' AND r.rating_type='LTIDR' AND r.ccy_basis='FC' AND (e.ultimate_parent_id IN (SELECT entity_id FROM entities WHERE name='Vesol Group BV') OR e.entity_id IN (SELECT entity_id FROM entities WHERE name='Vesol Group BV'));
```
```sql
SELECT e.entity_id,e.name,e.country,e.parent_id,e.ultimate_parent_id FROM entities e WHERE ultimate_parent_id=(SELECT entity_id FROM entities WHERE name='Wonod Group SA') AND country='VD';
```Query results
Query 1:
(no rows)
Query 2:
| country | count_star() |
|---|---|
| GB | 104 |
| LU | 1 |
Query 3:
| entity_id | name | country | parent_id | ultimate_parent_id | record_ids |
|---|---|---|---|---|---|
| E5011 | Cerid Guven Energy SA | VD | E5005 | E5001 | E5011 |
| E5013 | Cerid Telecom SA | ES | E5006 | E5001 | E5013 |
| E5047 | Cerid Rosor Holdings SA | VD | E5035 | E5001 | E5047 |
| E5086 | Rotam Group Inc | US | | | E5086 |
| E5090 | Rotam Logistics Inc | US | E5087 | E5086 | E5090 |
| E5105 | Wonod Group SA | FR | | | E5105 |
| E5108 | Wonod Shipping BV | NL | E5106 | E5105 | E5108 |
| E5132 | Vesol Group BV | NL | | | E5132 |
| E5133 | Vesol Foods plc | GB | E5132 | E5132 | E5133 |
| E5135 | Vesol Water plc | GB | E5133 | E5132 | E5135 |
| E5145 | Geren Group SA | VD | | | E5145 |
Query 4:
| ultimate_parent_id | count_star() |
|---|---|
| E5001 | 57 |
| E09 | 2 |
| | 3 |
| E02 | 1 |
Query 5:
| entity_id | ancestor_id | levels_up |
|---|---|---|
| E5011 | E5005 | 1 |
| E5011 | E5002 | 2 |
| E5011 | E5001 | 3 |
| E5013 | E5006 | 1 |
| E5013 | E5002 | 2 |
| E5013 | E5001 | 3 |
| E5047 | E5035 | 1 |
| E5047 | E5023 | 2 |
| E5047 | E5011 | 3 |
| E5047 | E5005 | 4 |
| E5047 | E5002 | 5 |
| E5047 | E5001 | 6 |
| E5133 | E5132 | 1 |
Query 6:
| u | n |
|---|---|
| E5001 | 57 |
| E5132 | 12 |
| E5105 | 26 |
| E5086 | 18 |
Query 7:
(no rows)
Query 8:
| entity_id | name | country | parent_id | ultimate_parent_id |
|---|---|---|---|---|
| E5106 | Wonod Steel BV | VD | E5105 | E5105 |
| E5124 | Wonod Kinon Holdings SA | VD | E5118 | E5105 |
| E5130 | Wonod Huror Retail SA | VD | E5124 | E5105 |
Run more queries, or give the final answers.The model
```sql
SELECT rated_id, rating_type, ccy_basis, rating, outlook, watch, action, valid_from, valid_to FROM ratings WHERE rating IN ('D','RD','C','WD') OR action='DG' AND valid_from>='2026-01-01' OR (watch='RWN' AND valid_to='') OR (outlook='NEG' AND valid_to='' AND rating_type='LTIDR') ORDER BY rated_id, valid_from;
```
```sql
SELECT count(DISTINCT rated_id) FROM ratings WHERE rating_type='LTIDR' AND valid_to='' AND rating<>'WD' AND rated_id IN (SELECT entity_id FROM entities);
```
```sql
SELECT count(DISTINCT r.rated_id) FROM ratings r JOIN entities e ON e.entity_id=r.rated_id WHERE r.rating_type='LTIDR' AND r.valid_to='' AND r.rating<>'WD' AND e.country='GB';
```
```sql
SELECT count(*) FILTER (WHERE rating NOT IN ('WD') AND rating IN ('AAA','AA+','AA','AA-','A+','A','A-','BBB+','BBB','BBB-')) ig, count(*) total, count(DISTINCT rated_id) FROM ratings WHERE rating_type='INST' AND valid_to='';
```
```sql
SELECT count(*) FROM entities WHERE country='LU';
```
```sql
SELECT e.entity_id, r.rating, c.ceiling FROM entities e JOIN ratings r ON r.rated_id=e.entity_id AND r.rating_type='LTIDR' AND r.ccy_basis='FC' AND r.valid_to='' JOIN ceilings c ON c.country=e.country WHERE e.entity_type<>'SOV';
```
```sql
SELECT rated_id, rating, valid_from, valid_to, action FROM ratings WHERE rated_id IN ('E5001','E5047','E5002') OR rated_id IN (SELECT entity_id FROM entities WHERE ultimate_parent_id='E5001' OR entity_id='E5001') AND rating_type='LTIDR' AND ccy_basis='FC' AND valid_to='' ORDER BY rated_id;
```
```sql
SELECT r.rated_id, r.rating FROM ratings r JOIN entities e ON e.entity_id=r.rated_id WHERE r.rating_type='LTIDR' AND r.ccy_basis='FC' AND r.valid_to='' AND (e.ultimate_parent_id='E5132' OR e.entity_id='E5132');
```Query results
Query 1:
| rated_id | rating_type | ccy_basis | rating | outlook | watch | action | valid_from | valid_to |
|---|---|---|---|---|---|---|---|---|
| E07 | LTIDR | FC | WD | | | WD | 2026-05-12 | |
| E08 | LTIDR | FC | CCC | | | DG | 2026-01-20 | 2026-07-08 |
| E08 | LTIDR | FC | RD | | | DG | 2026-07-08 | |
| E10 | LTIDR | FC | BBB+ | STA | | DG | 2026-04-15 | |
| E1001 | LTIDR | FC | WD | | | WD | 2025-07-20 | |
| E1007 | LTIDR | FC | WD | | | WD | 2026-06-27 | |
| E1021 | LTIDR | FC | WD | | | WD | 2025-11-08 | |
| E1032 | LTIDR | FC | WD | | | WD | 2026-09-15 | |
| E1034 | LTIDR | FC | BBB+ | NEG | | DG | 2026-05-02 | |
| E1041 | LTIDR | FC | WD | | | WD | 2024-04-09 | |
| E1048 | LTIDR | FC | WD | | | WD | 2023-04-15 | |
| E1051 | LTIDR | FC | A+ | NEG | | DG | 2026-04-05 | 2026-06-01 |
| E1051 | LTIDR | FC | A+ | POS | | DG | 2026-06-01 | 2026-09-20 |
| E1053 | LTIDR | FC | BB | NEG | | DG | 2026-03-20 | 2026-07-09 |
| E1057 | LTIDR | FC | BB | STA | | DG | 2026-06-25 | 2026-09-08 |
| E1057 | LTIDR | FC | WD | | | WD | 2026-09-19 | |
| E1058 | LTIDR | FC | BBB- | POS | | DG | 2026-07-14 | |
| E1062 | LTIDR | FC | WD | | | WD | 2025-03-28 | |
| E1063 | LTIDR | FC | WD | | | WD | 2025-01-12 | |
| E1064 | LTIDR | FC | BBB+ | STA | | DG | 2026-03-04 | 2026-06-03 |
| E1076 | LTIDR | FC | WD | | | WD | 2024-04-28 | |
| E1080 | LTIDR | FC | A- | NEG | | DG | 2026-02-14 | |
| E1084 | LTIDR | FC | WD | | | WD | 2025-08-02 | |
| E1093 | LTIDR | FC | B | STA | | DG | 2026-07-25 | |
| E1106 | LTIDR | LC | WD | | | WD | 2025-08-10 | |
| E1107 | LTIDR | FC | WD | | | WD | 2024-10-16 | |
| E1112 | LTIDR | FC | BBB | POS | | DG | 2026-02-20 | |
| E1115 | LTIDR | FC | WD | | | WD | 2025-06-28 | 2025-08-06 |
| E1121 | LTIDR | FC | WD | | | WD | 2024-10-23 | |
| E1124 | LTIDR | FC | WD | | | WD | 2024-06-15 | |
| E1138 | LTIDR | FC | WD | | | WD | 2024-12-26 | |
| E1140 | LTIDR | FC | WD | | | WD | 2025-09-15 | |
| E1144 | LTIDR | FC | B+ | POS | | DG | 2026-06-06 | |
| E1151 | LTIDR | FC | BBB | POS | | DG | 2026-01-26 | |
| E1155 | LTIDR | FC | WD | | | WD | 2026-03-22 | |
| E1158 | LTIDR | FC | WD | | | WD | 2026-02-27 | 2026-05-22 |
| E1159 | LTIDR | FC | BBB+ | POS | | DG | 2026-06-16 | 2026-09-22 |
| E1159 | LTIDR | FC | WD | | | WD | 2026-09-22 | |
| E1160 | LTIDR | FC | B | NEG | | DG | 2026-07-28 | |
| E1163 | LTIDR | FC | BB+ | POS | | DG | 2026-03-19 | |
| E1166 | LTIDR | FC | WD | | | WD | 2023-07-26 | |
| E1167 | LTIDR | FC | BB | STA | | DG | 2026-09-07 | |
| E1169 | LTIDR | FC | BB- | STA | | DG | 2026-08-16 | |
| E1172 | LTIDR | FC | WD | | | WD | 2026-03-12 | |
| E1186 | LTIDR | FC | BBB+ | STA | | DG | 2026-01-04 | |
| E1200 | LTIDR | FC | WD | | | WD | 2023-11-03 | |
| E1205 | LTIDR | FC | WD | | | WD | 2025-11-16 | |
| E1206 | LTIDR | FC | WD | | | WD | 2025-11-20 | |
| E1213 | LTIDR | FC | A- | STA | | DG | 2026-02-13 | 2026-03-19 |
| E1213 | LTIDR | FC | BBB+ | POS | | DG | 2026-06-16 | |
| E1218 | LTIDR | FC | WD | | | WD | 2026-05-22 | |
| E1219 | LTIDR | FC | WD | | | WD | 2026-04-11 | |
| E1225 | LTIDR | FC | WD | | | WD | 2025-06-12 | |
| E1228 | LTIDR | FC | BB+ | NEG | | DG | 2026-06-28 | |
| E1229 | LTIDR | FC | BB | STA | | DG | 2026-05-06 | 2026-06-02 |
| E1229 | LTIDR | FC | BB+ | STA | | DG | 2026-06-02 | |
| E1233 | LTIDR | FC | WD | | | WD | 2025-01-24 | |
| E1234 | LTIDR | FC | WD | | | WD | 2026-09-22 | |
| E1243 | LTIDR | FC | BB | STA | | DG | 2026-01-13 | 2026-08-19 |
| E1244 | LTIDR | FC | WD | | | WD | 2024-04-18 | |
(25 more rows not shown)
Query 2:
| count(DISTINCT rated_id) |
|---|
| 0 |
Query 3:
| count(DISTINCT r.rated_id) |
|---|
| 0 |
Query 4:
| ig | total | count(DISTINCT rated_id) |
|---|---|---|
| 0 | 0 | 0 |
Query 5:
| count_star() |
|---|
| 1 |
Query 6:
(no rows)
Query 7:
| rated_id | rating | valid_from | valid_to | action |
|---|---|---|---|---|
| E5002 | A+ | 2025-10-16 | | AS |
| E5047 | BB | 2022-07-23 | | AS |
Query 8:
(no rows)
Run more queries, or give the final answers.The model
<invoke name="sql">
```sql
SELECT 'Q8' q, string_agg(DISTINCT rated_id,',') v FROM ratings WHERE rating_type='LTIDR' AND coalesce(valid_to,'')='' AND rating IN ('D','RD','C')
UNION ALL SELECT 'Q22', string_agg(DISTINCT rated_id,',') FROM ratings WHERE rating IN ('D','RD')
UNION ALL SELECT 'Q9', count(DISTINCT rated_id)::VARCHAR FROM ratings WHERE rating_type='LTIDR' AND coalesce(valid_to,'')='' AND rating<>'WD'
UNION ALL SELECT 'Q9b_FConly', count(DISTINCT rated_id)::VARCHAR FROM ratings WHERE rating_type='LTIDR' AND ccy_basis='FC' AND coalesce(valid_to,'')='' AND rating<>'WD'
UNION ALL SELECT 'Q40', count(DISTINCT r.rated_id)::VARCHAR FROM ratings r JOIN entities e ON e.entity_id=r.rated_id WHERE r.rating_type='LTIDR' AND coalesce(r.valid_to,'')='' AND r.rating<>'WD' AND e.country='GB'
UNION ALL SELECT 'Q25', count(DISTINCT rated_id)::VARCHAR FROM ratings WHERE rating_type='INST' AND coalesce(valid_to,'')='' AND rating IN ('AAA','AA+','AA','AA-','A+','A','A-','BBB+','BBB','BBB-')
UNION ALL SELECT 'Q48', count(DISTINCT rated_id)::VARCHAR FROM ratings WHERE rating_type='INST' AND coalesce(valid_to,'')='' AND rating<>'WD'
UNION ALL SELECT 'Q18', string_agg(DISTINCT rated_id,',') FROM ratings WHERE watch='RWN' AND coalesce(valid_to,'')='' AND rating_type='LTIDR'
UNION ALL SELECT 'Q19', string_agg(DISTINCT rated_id,',') FROM ratings WHERE outlook='NEG' AND coalesce(valid_to,'')='' AND rating_type='LTIDR'
UNION ALL SELECT 'Q7', string_agg(DISTINCT rated_id,',') FROM ratings WHERE rating_type='LTIDR' AND action='DG' AND valid_from BETWEEN '2026-01-01' AND '2026-12-31' AND rating<>'RD' AND rated_id IN (SELECT entity_id FROM entities)
UNION ALL SELECT 'Q21', string_agg(DISTINCT rated_id,',') FROM ratings r WHERE rating_type='LTIDR' AND rating<>'WD' AND NOT EXISTS (SELECT 1 FROM ratings x WHERE x.rated_id=r.rated_id AND x.rating_type='LTIDR' AND coalesce(x.valid_to,'')='' AND x.rating<>'WD')
UNION ALL SELECT 'Q30', string_agg(e.entity_id||':'||r.rating||'/'||c.ceiling,',') FROM entities e JOIN ratings r ON r.rated_id=e.entity_id AND r.rating_type='LTIDR' AND r.ccy_basis='FC' AND coalesce(r.valid_to,'')='' JOIN ceilings c ON c.country=e.country WHERE e.entity_type<>'SOV'
UNION ALL SELECT 'Q58', string_agg(i.instrument_id||':'||i.issuer_id||'>'||i.guarantor_id,',') FROM instruments i JOIN entities a ON a.entity_id=i.issuer_id JOIN entities b ON b.entity_id=i.guarantor_id WHERE coalesce(nullif(a.ultimate_parent_id,''),a.entity_id)<>coalesce(nullif(b.ultimate_parent_id,''),b.entity_id)
UNION ALL SELECT 'Q59', count(*)::VARCHAR FROM ancestors WHERE ancestor_id='E5001' AND levels_up='3'
UNION ALL SELECT 'Q55', count(DISTINCT r.rated_id)::VARCHAR FROM ratings r JOIN ancestors a ON a.entity_id=r.rated_id JOIN entities p ON p.entity_id=a.ancestor_id WHERE p.country='VD' AND r.rating_type='LTIDR' AND coalesce(r.valid_to,'')='' AND r.rating<>'WD'
UNION ALL SELECT 'Q61', string_agg(r.rated_id||':'||r.rating,',') FROM ratings r JOIN entities e ON e.entity_id=r.rated_id WHERE r.rating_type='LTIDR' AND r.ccy_basis='FC' AND coalesce(r.valid_to,'')='' AND (e.entity_id='E5001' OR e.ultimate_parent_id='E5001') AND r.rating NOT IN ('AAA','AA+','AA','AA-','A+','A','A-','BBB+','BBB','BBB-','WD')
UNION ALL SELECT 'Q56', string_agg(r.rated_id||':'||r.rating,',') FROM ratings r JOIN entities e ON e.entity_id=r.rated_id WHERE r.rating_type='LTIDR' AND r.ccy_basis='FC' AND coalesce(r.valid_to,'')='' AND (e.entity_id='E5132' OR e.ultimate_parent_id='E5132')
UNION ALL SELECT 'misc', string_agg(rated_id||':'||rating_type||coalesce(ccy_basis,'')||':'||rating||':'||coalesce(valid_from,'')||'-'||coalesce(valid_to,''),' ') FROM ratings WHERE rated_id IN ('E08','E1021','E5002','E5001')
UNION ALL SELECT 'brindle', string_agg(entity_id||name,',') FROM entities WHERE name ILIKE '%Brind%' OR name ILIKE '%E08%' OR entity_id='E08';
```Query results
Query 1:
| q | v |
|---|---|
| Q8 | E08 |
| Q22 | E08 |
| Q9 | 377 |
| Q9b_FConly | 376 |
| Q40 | 79 |
| Q25 | 72 |
| Q48 | 113 |
| Q18 | E06,E1133,E1066,E1146,E1203,E1314,E1323,E1013,E1061,E1238,E1297,E1181,E1006,E1019,E1264,E1098,E1126,E1039,E1059,E1266,E1099,E1132,E1260,E1267,E1109,E1168,E1088,E1194,E1037,E1209,E1242,E1317 |
| Q19 | E1055,E1294,E5119,E5141,E1046,E1228,E1263,E5033,E5050,E5073,E5099,E1034,E1188,E1248,E5057,E1029,E1160,E5020,E5059,E09,E1211,E5019,E5113,E5131,E1105,E1158,E1056,E1059,E1282,E5013,E5023,E5062,E1079,E1005,E1080,E5116,E1072,E1190,E5039,E5156,E1271,E01,E1064,E1118,E1261,E1300,E5097,E5102 |
| Q7 | E1053,E1057,E1144,E1159,E1243,E5019,E5113,E1064,E1093,E1058,E1167,E1034,E1228,E1229,E1255,E1263,E1298,E1307,E5033,E1080,E5116,E10,E1160,E5059,E1285,E1290,E1163,E1213,E1300,E5097,E1151,E1294,E1051,E08,E1112,E1169,E1186,E5156 |
| Q21 | E1007,E1032,E1057,E1155,E1159,E1253,E1308,E1277,E1206,E1219,E1320,E07,E1021,E1166,E1001,E1124,E1172,E1244,E1316,E1076,E1200,E1225,E1233,E1234,E1218,E1062,E1048,E1084,E1041,E1063,E1107,E1138,E1140,E1121,E1205 |
| Q30 | E05:BB/BB,E15:A/A,E1019:BB+/A,E1028:BB/BB,E1039:A/A,E1059:BB-/A,E1071:B+/A,E1096:BBB/A,E1101:BB/BB,E1106:B+/BB,E1126:BB/BB,E1136:A-/A,E1144:B+/A,E1185:BB+/A,E1194:A/A,E1217:BB-/A,E1223:BB+/A,E1229:BB+/A,E1236:BB/BB,E1243:BB/A,E1279:WD/BB,E1283:BB/A,E1304:BB/A,E1307:BB-/BB,E1313:BB-/BB,E5012:BB/BB,E5023:B-/BB,E5024:B-/BB,E5047:BB/BB,E5091:BB/BB,E5098:B-/A,E5104:BB/A,E5106:B-/BB,E5116:A/A,E5117:BB/A,E5124:BB/BB,E5127:B/A,E5130:B-/BB |
| Q58 | I5007:E5133>E5145 |
| Q59 | 12 |
| Q55 | 31 |
| Q61 | E5007:B,E5010:BB-,E5012:BB,E5013:B-,E5016:BB,E5021:B,E5022:BB-,E5023:B-,E5024:B-,E5025:BB,E5028:B-,E5029:BB+,E5030:B,E5037:B+,E5039:BB-,E5041:B-,E5042:BB,E5047:BB,E5048:B- |
| Q56 | E5132:BB+,E5133:BBB-,E5136:BBB-,E5140:A+,E5141:BB,E5143:A,E5144:BB- |
| misc | E08:LTIDRFC:B:2024-06-01-2026-01-20 E08:LTIDRFC:CCC:2026-01-20-2026-07-08 E08:LTIDRFC:RD:2026-07-08- E1021:LTIDRFC:BBB-:2022-06-19-2025-11-08 E1021:LTIDRFC:WD:2025-11-08- E5002:LTIDRFC:A+:2025-10-16- |
| brindle | E08Saxby Shipping SA |
Run more queries, or give the final answers.The model
**Q1.** A-. E01's foreign-currency issuer rating (FC LTIDR) was A- from 2024-03-12 to 2025-06-20 (A01).
**Q2.** No. The only 2026 action was an affirmation on 2026-02-10 (A03). The rating stayed BBB and the outlook went to Negative.
**Q3.** No. The 2031 note (I02) is rated BB+ after a downgrade on 2025-06-20 (A07).
**Q4.** Positive. E02's rating (merged with E03) has had a Positive outlook since 2025-09-15 (A09).
**Q5.** The holder takes E02's credit risk, as guarantor of I03. I03 is rated A (A11).
**Q6.** Valdoria's foreign-currency rating is BB (A14) and its local-currency rating is BBB- (A13). Valdoria's Country Ceiling of BB (from 2025-04-01) caps the foreign-currency rating. The data does not state this as the cause, so it is an inference.
**Q7.** 38 issuers had a downgrade action in 2026; the full list is in the JSON. Some rows are labelled DG without a visible rating change (e.g. E1051), which I could not verify.
**Q8.** E08 (RD since 2026-07-08).
**Q9.** 377 distinct rated entities, counting those with an LTIDR in force that is not WD. This includes the sovereigns.
**Q10.** It depends. Its foreign-currency rating is BB (not investment grade) and its local-currency rating is BBB- (investment grade).
**Q11.** BBB+ (A36).
**Q12.** A- (A34).
**Q13.** 1. The only downgrade is A- to BBB+ on 2024-09-30. The watch placement is not a downgrade.
**Q14.** None. E12's first rating starts on 2024-02-01.
**Q15.** A-. E10 (merged with E17) was rated A- until 2026-04-15 (A26).
**Q16.** No. It was BBB+ on 2025-01-01 and is BBB+ now. Only the watch status and outlook moved in between.
**Q17.** No. E06 was placed on Rating Watch Negative on 2026-09-03 (A17) with the rating unchanged at A-.
**Q18.** 32 issuers; see the JSON.
**Q19.** 48 issuers; see the JSON.
**Q20.** No. E07's rating was withdrawn (WD) on 2026-05-12 (A19), and there is no default rating for it.
**Q21.** 35 entities; see the JSON. Most were withdrawn (WD).
**Q22.** E08 (CCC, then RD).
**Q23.** F2 (A04).
**Q24.** Yes. The issuer rating is BBB.
**Q25.** 72 instruments.
**Q26.** A+ (A40).
**Q27.** A- (A42).
**Q28.** BBB+ (A38).
**Q29.** None. There are no rating rows for VD.
**Q30.** 13 entities have a rating equal to their country ceiling; see the JSON.
**Q31.** No. Every foreign-currency rating is at or below its ceiling.
**Q32.** E09.
**Q33.** The holder takes E10's credit risk, as guarantor of I05. I05 is rated BBB+ (A29).
**Q34.** No. E12 has no parent, and E10 sits under E09.
**Q35.** 3 (E09 plus 2 members).
**Q36.** 2 (E02 plus E04).
**Q37.** 497 entity records, which are already merged.
**Q38.** No. E06 (Orrin Bank AG, DE) and E13 (Orrin Bancorp Inc, US) are separate records.
**Q39.** A (A09).
**Q40.** 79.
**Q41.** None. No entity named Brindle Capital exists.
**Q42.** LU.
**Q43.** 1.
**Q44.** Yes. I07 is flagged local_currency=yes (currency XVD).
**Q45.** Yes. I07 is rated BBB- (A45), above the VD ceiling of BB.
**Q46.** No. E11 has no ratings.
**Q47.** None. I08 has no rating rows.
**Q48.** 113.
**Q49.** E5001.
**Q50.** 6 levels.
**Q51.** 58 (57 members plus the top).
**Q52.** 19 (18 members plus the top).
**Q53.** No. E5062 sits under E5059 and E5086 is its own top.
**Q54.** E5106, E5124 and E5130.
**Q55.** 31.
**Q56.** BB- (E5144).
**Q57.** E5002 (Cerid Energy plc).
**Q58.** E5145 guarantees I5007, which E5133 issues from outside its group.
**Q59.** 12.
**Q60.** The holder takes E5145's credit risk. It is not in the same group as the issuer: the issuer E5133 is under E5132, and E5145 is a separate top.
**Q61.** 19.
```json
{
"Q1":{"rating":"A-"},
"Q2":{"downgraded":"no"},
"Q3":{"investment_grade":"no","rating":"BB+"},
"Q4":{"outlook":"POS"},
"Q5":{"risk_of":"E02","rating":"A"},
"Q7":{"issuers":["E1053","E1057","E1144","E1159","E1243","E5019","E5113","E1064","E1093","E1058","E1167","E1034","E1228","E1229","E1255","E1263","E1298","E1307","E5033","E1080","E5116","E10","E1160","E5059","E1285","E1290","E1163","E1213","E1300","E5097","E1151","E1294","E1051","E08","E1112","E1169","E1186","E5156"]},
"Q8":{"entities":["E08"]},
"Q9":{"count":377},
"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","E1133","E1066","E1146","E1203","E1314","E1323","E1013","E1061","E1238","E1297","E1181","E1006","E1019","E1264","E1098","E1126","E1039","E1059","E1266","E1099","E1132","E1260","E1267","E1109","E1168","E1088","E1194","E1037","E1209","E1242","E1317"]},
"Q19":{"issuers":["E1055","E1294","E5119","E5141","E1046","E1228","E1263","E5033","E5050","E5073","E5099","E1034","E1188","E1248","E5057","E1029","E1160","E5020","E5059","E09","E1211","E5019","E5113","E5131","E1105","E1158","E1056","E1059","E1282","E5013","E5023","E5062","E1079","E1005","E1080","E5116","E1072","E1190","E5039","E5156","E1271","E01","E1064","E1118","E1261","E1300","E5097","E5102"]},
"Q20":{"in_default":"no"},
"Q21":{"entities":["E1007","E1032","E1057","E1155","E1159","E1253","E1308","E1277","E1206","E1219","E1320","E07","E1021","E1166","E1001","E1124","E1172","E1244","E1316","E1076","E1200","E1225","E1233","E1234","E1218","E1062","E1048","E1084","E1041","E1063","E1107","E1138","E1140","E1121","E1205"]},
"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","E1028","E1039","E1101","E1126","E1194","E1236","E5012","E5047","E5091","E5116","E5124"]},
"Q31":{"any":"no"},
"Q32":{"parent":"E09"},
"Q33":{"risk_of":"E10","rating":"BBB+"},
"Q34":{"same_group":"no"},
"Q35":{"count":3},
"Q36":{"count":2},
"Q37":{"count":497},
"Q38":{"same":"no"},
"Q39":{"rating":"A"},
"Q40":{"count":79},
"Q41":{"rating":"none"},
"Q42":{"country":"LU"},
"Q43":{"count":1},
"Q44":{"local_currency":"yes"},
"Q45":{"above_ceiling":"yes"},
"Q46":{"issuer_rating":"no"},
"Q47":{"rating":"none"},
"Q48":{"count":113},
"Q49":{"parent":"E5001"},
"Q50":{"count":6},
"Q51":{"count":58},
"Q52":{"count":19},
"Q53":{"same_group":"no"},
"Q54":{"entities":["E5106","E5124","E5130"]},
"Q55":{"count":31},
"Q56":{"rating":"BB-"},
"Q57":{"entity":"E5002"},
"Q58":{"entities":["E5145"]},
"Q59":{"count":12},
"Q60":{"risk_of":"E5145","same_group":"no"},
"Q61":{"count":19}
}
```