Q5, run 2026-11-05-1819-sonnet-query-graphdb
Whose credit risk does a holder of the Northwind Finance 2030 notes take, and how is it rated?
Tests: Roles: issuer versus guarantor; a finance subsidiary's guaranteed debt carries the guarantor's risk.
Expected: risk_of = E02 rating = A
sparql run 1
E02, rated A. I03 is issued by E04 but guaranteed by E02, so the holder takes E02's risk. I03 is rated A (A11).
JSON: {"risk_of": "E02", "rating": "A"}
sparql run 2
The holder takes the guarantor E02's risk (I03 is issued by E04 and guaranteed by E02). E02 is rated A, as is the note (A10, A11).
JSON: {"risk_of": "E02", "rating": "A"}
sparql run 3
E02, rated A. The Northwind Finance 2030 notes (I03) are issued by E04 but guaranteed by E02, so the holder takes E02's risk.
JSON: {"risk_of": "E02", "rating": "A"}
sparql run 4
The guarantor, Northwind Holdings (E02), rated A. The issuer is E04, but I03 is guaranteed by E02 and carries an A rating (A10, A11).
JSON: {"risk_of": "E02", "rating": "A"}
sparql run 5
E02 (Northwind Holdings), rated A. I03 is issued by E04 but guaranteed by E02, and the note is rated A.
JSON: {"risk_of": "E02", "rating": "A"}
sparql+ontology run 1
The holder takes E02's credit risk, rated A. I03 is guaranteed by E02, whose current rating is A.
JSON: {"risk_of": "E02", "rating": "A"}
sparql+ontology run 2
A holder takes the credit risk of E02, the guarantor of I03. I03 is rated A.
JSON: {"risk_of": "E02", "rating": "A"}
sparql+ontology run 3
The holder takes the credit risk of E02, Northwind Holdings. I03 is guaranteed by E02, whose issuer rating is A; the note itself is also rated A (A10/A11).
JSON: {"risk_of": "E02", "rating": "A"}
sparql+ontology run 4
The holder takes the risk of E02, Northwind Holdings, rated A. I03 is guaranteed by E02.
JSON: {"risk_of": "E02", "rating": "A"}
sparql+ontology run 5
A holder takes the credit risk of E02, rated A. I03 is guaranteed by E02, and its rating is A (A11).
JSON: {"risk_of": "E02", "rating": "A"}
sparql+axioms run 1
The note (I03) takes the risk of the guarantor, Northwind Holdings (E02), and is rated A (A11).
JSON: {"risk_of": "E02", "rating": "A"}
sparql+axioms run 2
E02 (?), rated A. This is inferred from I03 (A, A11) and the Northwind group; I could not see the instrument links.
JSON: {"risk_of": "E02", "rating": "A"}
sparql+axioms run 3
E02, rated A. I03 is guaranteed by E02, and its rating was affirmed at A by A11.
JSON: {"risk_of": "E02", "rating": "A"}
sparql+axioms run 4
E02, rated A. The note (I03) is guaranteed by E02, and its rating (A11) is A.
JSON: {"risk_of": "E02", "rating": "A"}
sparql+axioms run 5
The guarantor E02 (Northwind Holdings). I03 is rated A (A11).
JSON: {"risk_of": "E02", "rating": "A"}