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Jan. 21, 2026

Merger between DREAM Private REIT and DREAM Hospitality REIT was Announced-Limited Impact on Rating on DREAM Private REITNEW

JCR Placed Rating on DREAM Hospitality REIT under Credit Monitor #A/PositiveNEW

JCR Affirmed AA/Stable and J-1+ on Sekisui HouseNEW

JCR Affirmed BBB/Stable Long-term Issuer Rating on TAMURANEW

JCR Affirmed AAA/Stable Long-term Issuer Rating on African Development Bank; Assigned AAA to BondsNEW

SoftBank: Reviewed Sustainability Bond Framework Evaluation: SU 1(F)NEW

Jan. 20, 2026

JCR Assigned A-/Stable Long-term Issuer Rating to Premium Group

JCR Upgraded Long-term Issuer Rating on Chuo Warehouse to A-/Stable

JCR Affirmed A Long-term Issuer Rating on FIRST BANK OF TOYAMA; Revised Outlook to Positive

JCR Affirmed A+/Stable and J-1 on HIKARI TSUSHIN

JCR Affirmed A/Stable Long-term Issuer Rating on Maruzen Showa Unyu

JCR Assigned AA+ Rating to Bonds of Kansai Electric Power

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 26-01

Hamagin Finance, The Bank of Yokohama: Second Opinion on Positive Impact Finance

Jan. 19, 2026

JCR Affirmed AA/Stable Long-term Issuer Rating on ORIENTAL LAND

JCR Affirmed AA-/Stable and J-1+ on Mitsui Chemicals

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

JCR Assigned A+ Rating to Subordinated Loan of Marubeni

JCR Assigned BBB+ to Jointly Operated Designated Money Trust MF1

Japan: Reviewed Climate Transition Bond Framework Evaluation: Green 1(T)(F)

Japan: Assigned Climate Transition Bond Preliminary Evaluation: Green 1(T)

Jan. 16, 2026

JCR Assigned AA-/Stable (FC/LC) to Mapletree Industrial Trust

JCR Upgraded Rating on AISAN INDUSTRY from A-/Positive to A/Stable

JCR Downgraded Long-term Issuer Rating on ROHM to A+/Stable

JCR Removed Credit Monitor; Upgraded Rating on SBI Sumishin Net Bank to AA+; Placed Stable

JCR Affirmed AA-/Stable Long-term Issuer Rating on Fukuoka Kogyo Daigaku

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

JCR Assigned A+ Rating to Bonds of ISUZU MOTORS

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned AAA Rating to Bonds of NTT FINANCE