2yo's highest-rated by CR over last 40 years
All those listed were colts, no fillies made the list.  All but two were Irish or French.  No home-trained champion 2yo since Dancing Brave some 20 years ago.  More notes appear after the table.
     Form    Name   CR
1111111-   Johannesburg (2001, Ir)   133
1011211-   Rock Of Gibraltar (2001, Ir)   132
21111111-   Arazi (1991, Fr)     "
11111-   New Approach (2007, Ir)   131
1111111- My Swallow (1970)*   "
11111-   Teofilio (2006, Ir)   130
1011212-   Holy Roman Empire (2006, Ir)     "
112111-   Mill Reef (1970)*     "
1213110-   Bushranger (2008, Ir)   128
11114-   Mastercraftsman (2008, Ir)     "
31111-   George Washington (2005, Ir)     "
1012112-   Oratorio (2004, Ir)     "
2111-   American Post (2003, Fr)     "
11211-   Xaar (1997, Fr)     "
111111-   Hector Protector (1990, Fr)     "
11311-   Dashing Blade (1989)     "
1   Underscores are results in Group 1 races
Top races were not called Group 1s at the time of My Swallow and Mill Reef.

  The above table lists the 2yo's with the highest Capital Ratings over some 40 years.  My Swallow, on a 2yo Capital Rating of 131, reigned supreme at the top of the ratings for 20 years from 1970 to 1990.  Unbeaten in seven races as a juvenile, My Swallow's achievements included victory over the legendary Mill Reef.  My Swallow was eventually displaced in the above table by the French sensation Arazi in 1991.  Arazi won its last seven races, including a staggering record of four Group 1 wins on the bounce capped by a then unprecedented and thorough thrashing of the top US juveniles in the Breeders' Cup Juvenile.  That particular US race was a tough end-of-season test which did not exist back in the days of Mill Reef and My Swallow.  Arazi racked up a huge juvenile rating of 132.  It was another ten years before Arazi's figure was topped, this time by Johannesburg's 133 from an unbeaten seven wins on the bounce, including a match of Arazi's four Group 1s including a success in the Breeder's Cup Juvenile.

In the twenty or so years since 1989, when home-trained Dashing Blade* clocked up a figure of 128 as a juvenile, the topmost rankings have been completely dominated by French-trained and Irish-trained 2yo's.

* Dashing Blade is, of course, famed not for its juvenile career but when, as a 3yo, it went down in history as "the unluckiest horse never to win the Epsom Derby"  That was after being expected by the subsequently heavily castigated jockey to do a physically impossible 60 mph to come from last to first round Tattenham Corner and, to everyone's everlasting disbelief, almost managing it.

In the some 40-year period covered by our ratings, very few horses have managed to be champion at both 2 and 3, the latest was New Approach in 2007/8.  None has ever done it as enduringly impressively as the magical Mill Reef back in 1970/71.  That is the defining factor why not one of the other fantastic juveniles in our table has managed to become a household name in the way that Mill Reef did.
 
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