Japan Credit Rating Agency, Ltd.

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Dec. 19, 2018: JCR Assigned BBB-/Stable Long-term Issuer Rating and Ability to Pay Insurance Claims to Asahi Mutual Life InsuranceNEW; JCR Assigned Preliminary A+ Rating to Subordinated Bonds of JAPAN POST INSURANCENEW; JCR Affirmed A-/Stable and A- on ARAKAWA CHEMICAL INDUSTRIESNEW; JCR Affirmed AA-/Stable, AA-, Preliminary AA- and J-1+ on Asahi Group HoldingsNEW; JCR Affirmed BBB/Stable and BBB on KYORITSU MAINTENANCENEW; JCR Affirmed A+ Rating on Specified Bonds of Meiji Yasuda Life Fund SPCNEW; [ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL18-12 (F Hospital)NEW; [ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL18-12NEW

Dec. 18, 2018: Hitachi to Acquire Power Grids Business from ABB - Limited Impact on Rating; JCR Affirmed A and J-1 Rating on SHOWA SHELL SEKIYU; Revised Outlook from Stable to Positive
JCR Affirmed A and J-1 Rating on Idemitsu Kosan; Revised Outlook from Stable to Positive; JCR Affirmed BBB+ Rating on Namura Shipbuilding; Revised Outlook from Stable to Negative; JCR Affirmed BBB+/Stable Long-term Issuer Rating on Hakuto

Dec. 17, 2018: JCR Assigned A+/Stable Long-term Issuer Rating to Daishi Hokuetsu Financial Group; JCR Assigned AAA Ratings to Bonds of African Development Bank; JCR Affirmed A+/Stable and A+ on Kenedix Retail REIT Corporation; JCR Affirmed A+ Rating on Teollisuuden Voima Oyj with Stable Outlook; JCR Affirmed A+ Rating on Pohjolan Voima Oyj with Stable Outlook

Dec. 14, 2018: JCR Assigned Green 1 to Bonds Issued by GLP J-REIT; JCR Assigned AA Rating to Bonds of GLP J-REIT; JCR's Rating Review of Major Life Insurers; JCR Upgraded Rating on Dai-ichi Life Insurance from A+/Positive to AA-/Stable; JCR Affirmed AA-/Stable and J-1+ on Meiji Yasuda Life Insurance; JCR Upgraded Rating on SUMITOMO LIFE INSURANCE from A+/Positive to AA-/Stable; JCR Assigned AA- Rating to Bonds of Odakyu Electric Railway; JCR Assigned A Rating to Bonds of TSUBAKIMOTO CHAIN; JCR Withdraws AAA/Stable Long-term Issuer Rating on Japan Broadcasting Corporation

Dec. 13, 2018: TAIYO NIPPON SANSO’s Acquisition of HyCO Business in US—Limited Impact on Rating; JCR Assigned A+ Rating to Bonds of Mitsubishi Chemical Holdings; JCR Affirmed AA/Stable and J-1+ on Tokyo Electron; JCR Affirmed A-/Stable Long-term Issuer Rating on Southern TOHOKU Research Institute for Neuroscience

Dec. 14, 2017: [Grobal Report] <Seminar Material>JAPAN: Economic Policy After General Election and Sovereign Credit Perspective for 2018 (held on Dec. 5, 2017)
Sep. 08, 2017: [Grobal Report] <Seminar Material>JCR Seminar; Sovereign Credit Analysis of JAPAN (held on Aug. 21, 2017)

Dec. 18, 2018: Notice Regarding Personnel Transfers
Dec. 10, 2018: Results of verifying whether the model bond issuance is in line with MOE's green bond guidelines, which was conducted by Ministry of Environment as a project for creating a green bond model for FY2018
Dec. 07, 2018: Hosting ACRAA’s Annual Meeting and Seminar
Dec. 05, 2018: Lecture at The University of Tokyo – GraSPP
Nov. 20, 2018: Signing of MOU with Credit Rating Mongolia
Nov. 19, 2018: Participation in ABA Annual Meeting
Nov. 13, 2018: JCR's Financial Indicators by Rating Range 2018