Japan Credit Rating Agency, Ltd.

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Apr. 13, 2026: JCR Affirmed BBB+ and J-2 on MARUDAI FOOD; Revised Outlook to PositiveNEW; JCR Affirmed BBB/Negative Long-term Issuer Rating on YOROZUNEW; JCR Affirmed A-/Stable (FC/LC) on Lotte CapitalNEW; VALOR HOLDINGS, The Norinchukin Bank: Second Opinion on Positive Impact Finance (Review)NEW

Apr. 10, 2026: JCR Assigned AA-/Stable FC Long-term Issuer Rating to SMFG India Home Finance; JCR Affirmed AAA/Stable Long-term Issuer Rating on TOYOTA MOTOR; JCR Affirmed AAA/Stable Long-term Issuer Rating on TOYOTA FINANCE; JCR Affirmed AA/Stable Long-term Issuer Rating on 77 Bank; JCR Assigned BBB+ Rating to Subordinated Bonds of SoftBank Group; JCR Assigned AA- Rating to Bonds of MORI BUILDING; JCR Assigned AA Rating to Bonds of NISSIN FOODS HD; JCR Assigned AA+ Rating to Bonds of Kanagawa Prefectural Housing Supply Corporation; JCR Assigned Preliminary A Rating to Shelf Registration of ANA HD; JCR Assigned Preliminary A Rating to Shelf Registration of UBE; JCR Assigned Preliminary A+ Rating to Shelf Registration of Denka; JCR Assigned AA to SPIRE SA Series 2026-248; JCR Assigned A+ to SPIRE SA Series 2026-199; Shogetsudo, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Apr. 09, 2026: JCR Affirmed A+/Stable Long-term Issuer Rating on KONAMI GROUP; JCR Assigned AA- Rating to Bonds of KURARAY; JCR Assigned AA- Rating to Bonds of RICOH LEASING; JCR Assigned AA- to SPIRE SA Series 2026-257; JCR Assigned AA- to SPIRE SA Series 2026-258; JCR Assigned AA+ to SPIRE SA Series 2026-279; JCR Assigned AA- to SPIRE SA Series 2026-305; Results of Review of Structured Finance Products (Excluding Those to Which Credit Ratings Are Assigned) March 2026

Apr. 08, 2026: JCR Removed Credit Monitor; Upgraded Rating on TAKARA BIO to A+; Placed Stable Outlook; JCR Affirmed A+/Stable Long-term Issuer Rating on Musashino Bank; JCR Affirmed AA/Stable Long-term Issuer Rating on Sekisui House Reit; JCR Assigned AA Rating to Bonds of Tohoku Electric Power Company

Issuer
Apr. 03, 2026
OBAYASHI
Mar. 04, 2026
Far East Horizon
Feb. 27, 2026
Yixin Group
Feb. 04, 2026
Slovenia, Republic of
Dec. 12, 2025
Mexico
Dec. 10, 2025
Bank of East Asia (The)
Dec. 04, 2025
Aflac Incorporated
American Family Life Assurance Company of Columbus
Aflac Life Insurance Japan
Aflac Re Bermuda

Jul. 15, 2025: Highlights of Major Private Railroad Companies’ Financial Results for Fiscal Year Ended March 2025
Jun. 30, 2025: Highlights of General Trading Companies’ Financial Results for Fiscal Year Ended March 2025
Jun. 03, 2025: Highlights of Oil Distributors’ Financial Results for Fiscal Year Ended March 2025
May. 30, 2025: Highlights of Major Automakers’ Financial Results for Fiscal Year Ended March 2025
May. 29, 2025: Highlights of General Chemical Manufacturers’ Financial Results for Fiscal Year Ended March 2025
May. 22, 2025: Highlights of Blast Furnace Steelmakers’ Financial Results for Fiscal Year Ended March 2025

Apr. 01, 2026: Rating / Outlook Change in March 2026
Apr. 01, 2026: Notice Regarding Personnel Transfers of Executive Officers and Others
Mar. 25, 2026: JCR Rating Transition Matrices and Cumulative Default Rates
Mar. 02, 2026: Rating / Outlook Change in February 2026
Feb. 17, 2026: Notice of Temporary Website Suspension Due to Maintenance (Feb. 25)
Feb. 02, 2026: Rating / Outlook Change in January 2026
Jan. 05, 2026: Rating / Outlook Change in December 2025