I guess these early elementary grades are are standard based. Cannot say I am a fan. Because exceeding grade level is not automatically a top grade. It is some sort of unexpected performance on grade level that gets the top grade. Weird stuff, hence some teacher won't give them out.

By the time middle school comes around, it will be subject based. The kids who know the subject will get their As. Before that, I doubt anyone is paying too much attention to these report cards. Some private schools only have narrative s, no grades at all.