News Release

May. 02, 2024

JCR Affirmed AA/Stable Long-term Issuer Rating on Concordia Financial Group, Bank of Yokohama and Higashi-Nippon Bank

JCR Affirmed AA+/Stable on NEW KANSAI INTERNATIONAL AIRPORT and KANSAI INTERNATIONAL AIRPORT LAND

JCR Assigned Preliminary AA+ Rating to Shelf Registration of DAIKIN INDUSTRIES

JCR Provided a Second Opinion to Positive Impact Finance Provided by Kyoto Chuo Shinkin Bank to Sanyo Metal Industry

May. 01, 2024

SUMITOMO CHEMICAL Announces Revision of FY2023 Financial Forecast, FY2024 Financial Forecast, etc.— Despite Strong Downward Pressure on Ratings, Progress Toward Future Performance Recovery

JCR Assigned Preliminary BBB to Auto Loan Receivables Securitization 202406

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Kikuchi Steel

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Suzuki Kogyo

JCR Provided a Second Opinion to Positive Impact Finance Provided by Hiroshima Bank to MASSTECHNO

Apr. 30, 2024

Jimoto HD Announces Downward Revision of Earnings Forecasts—No Impact on Ratings

JCR Affirmed AA/Stable (FC/LC) on Spain

JCR Affirmed AA/Stable Long-term Issuer Rating on Comforia Residential REIT

JCR Affirmed A+/Stable Long-term Issuer Rating on Japan Hotel REIT Investment Corporation

JCR Assigned Preliminary A- to JPY-denominated Green Loans to AKANE 01 G.K.

JCR Assigned Green 1(F) to Green Finance Framework of Canadian Solar Project AKANE

JCR Reviewed Sustainability Finance Framework by HASEKO Residential Private REIT

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to KINSEIKEN

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to KOMAZUKI

JCR Provided a Second Opinion to Positive Impact Finance Provided by 33 Bank to Shin-ei Development

JCR Provided a Second Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to Kondo Kogyo

JCR has Provided THE NISHI-NIPPON CITY BANK, with its Second Opinion for the Scheme on "Forestrike", Decarbonization Impact Finance

JCR Withdraws J-1+ Rating on CP of Sumitomo Warehouse

Apr. 26, 2024

JCR Upgraded Rating on NIPPON SANSO HD to AA-/Stable and J-1+

JCR Affirmed AA-/Stable Long-term Issuer Rating on Kenedix

JCR Affirmed AA+/Stable Long-term Issuer Rating on BRIDGESTONE

JCR Affirmed A-/Stable Long-term Issuer Rating on SHIMIZU BANK

JCR Affirmed AA-/Stable and J-1+ on JAPAN SECURITIES FINANCE

JCR Affirmed AA-/Stable and J-1+ on JSF Trust and Banking

JCR Assigned Preliminary AA- Rating to Shelf Registration of Kyushu Electric Power

JCR Upgraded Azusa Limited Series 504 to BBB+

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 24-04 (D Hospital)

JCR Assigned AA- to SPIRE SA Series 2024-166

Apr. 25, 2024

JCR Affirmed A-/Stable Long-term Issuer Rating on ARATA

JCR Affirmed A+/Stable Long-term Issuer Rating on KONAMI GROUP

JCR Affirmed AA+/Negative Long-term Issuer Rating on Shoko Chukin Bank

JCR Affirmed AAA/Stable (FC/LC) on United Kingdom

JCR Affirmed AAA/Stable (FC/LC) on Finland

JCR Affirmed AAA/Stable Long-term Issuer Rating on Inter-American Development Bank

JCR Assigned Preliminary AA Rating to Shelf Registration of Resona HD

JCR Assigned AA to Libra A Limited Series C049

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to koyaguchi express

JCR Reviewed Green Financing Framework of MIRAI

Development of JCR Transition Strategies

Apr. 24, 2024

JCR Affirmed A-/Stable Long-term Issuer Rating on RYODEN

JCR Affirmed AA-/Stable Long-term Issuer Rating on Kokushikan

Apr. 23, 2024

JCR Affirmed A-/Stable and J-1 on SAPPORO HD

JCR Assigned A+ Rating to Bonds of RYOHIN KEIKAKU

[ Asset Securitization Products ] JCR Upgraded Securitization of Loans Receivable 202203 to AA

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 24-04

JCR Assigned AA- to Sylph Limited Series 60161

JCR Assigned AA- to SPIRE SA Series 2024-152

JCR Provided a Second Party Opinion on Sustainability Linked Loan Conducted by The Joyo Bank to AGER

Apr. 22, 2024

JCR Affirmed BBB+/Stable and J-2 on JK HD

JCR Affirmed A+/Stable Long-term Issuer Rating on YOKOHAMA MINATOMIRAI RAILWAY

JCR Affirmed A/Stable Long-term Issuer Rating on Nanto Bank

JCR Affirmed A/Stable Long-term Issuer Rating on ESR Japan REIT

JCR Provided a Second Opinion to Positive Impact Finance Framework of The Nanto Bank

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Hokkaido Bank to Matsubarasangyo

Apr. 19, 2024

JCR Assigned A-/Stable Long-term Issuer Rating to IMPERIAL HOTEL

JCR Assigned A-/Stable FC Long-term Issuer Rating to TF International Securities Group

JCR Affirmed BBB Long-term Issuer Rating on TOTTORI BANK; Revised Outlook to Positive

JCR Affirmed BBB-/Negative Long-term Issuer Rating on NIPPON CHEMI-CON

JCR Affirmed AA-/Stable Long-term Issuer Rating on Maruichi Steel Tube

JCR Affirmed AA-/Stable Long-term Issuer Rating on LJPFGK

JCR Assigned A Rating to Bonds of Kobe Steel

JCR Assigned A Rating to Bonds of SoftBank Group

JCR Assigned A Rating to Bonds of Tokyo Tatemono

JCR Assigned AA- Rating to Bonds of Marubeni

JCR Assigned AA- Rating to Bonds of Fuyo General Lease

JCR Assigned A to SPIRE SA Series 2024-181

JCR Provided a Second Party Opinion on Sustainability Linked Loan Conducted by The Bank of Kyoto to OZO kagakugiken

Apr. 18, 2024

JCR Affirmed A- Long-term Issuer Rating on Ehime Bank; Revised Outlook to Stable

JCR Affirmed AA-/Stable and J-1+ on Asahi Group HD

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned Preliminary A Rating to Shelf Registration of KYUSHU LEASING SERVICE

JCR Affirmed J-1 on Power Trust Neo SoftBank Group

JCR Upgraded ZEST Investments B Series 1508-B01, 1511-B01, 1601-B03, 1602-B01, 1602-B02, 1603-B01, 1605-B01 and 1605-B02 to A

JCR Upgraded Nomura Trust and Banking Series 125, 132, 134, 136 and 146 Unsecured Trust Bond to A

JCR Upgraded Loans for Nomura Trust and Banking Trust Account 1169041 and 1169045 to A

JCR Upgraded Mirach Limited Series 1910-M01 and 1910-M02 to A

JCR Upgraded Ascent Finance Limited Series 2019-1020 and 2019-1033 to A

[ Asset Securitization Products ] JCR Upgraded Ganymede Limited Series 2023-6 to A

JCR Upgraded Ganymede Limited Series 2023-47 to A

Apr. 17, 2024

JCR Upgraded Long-term Issuer Rating on Gravity AH to AA/Stable

JCR Affirmed A+ Long-term Issuer Rating on Keisei Electric Railway; Revised Outlook to Positive

JCR Affirmed AA/Stable Long-term Issuer Rating on Gunma Bank

Apr. 16, 2024

JCR Affirmed A-/Stable Long-term Issuer Rating on Tokyo Kiraboshi Financial Group and Kiraboshi Bank

JCR Affirmed AA/Stable Long-term Issuer Rating on Sekisui House Reit

JCR Assigned AA- to Commitment Line of PASMO

JCR Assigned #A+/Nagative to Azusa Limited Series 516

[ Asset Securitization Products ] JCR Affirmed AAA on JHF-guaranteed RMBS ABL Program and RMBS ABL Program (00013881)

Apr. 15, 2024

JCR Affirmed A-/Stable Long-term Issuer Rating on Nittetsu Mining

JCR Assigned Preliminary A Rating to Subordinated Bonds of Takeda Pharmaceutical

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to ota-mokuzai

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Tsuta Seisakusho

Apr. 12, 2024

JCR Assigned A+/Stable (FC/LC) to NWS HD

JCR Assigned AA+ Rating to Bonds of ITOCHU

JCR Assigned A+ Rating to Bonds of SUMITOMO HEAVY INDUSTRIES

JCR Assigned A+ Rating to Subordinated Bonds of DAIWA HOUSE INDUSTRY

JCR Assigned A Rating to Bonds of TEPCO Power Grid