Japan Credit Rating Agency, Ltd.

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Jul. 11, 2025: JCR Affirmed A-/Stable Long-term Issuer Rating on IMPERIAL HOTEL; JCR Affirmed A/Stable and J-1 on Mitsui Mining and Smelting; JCR Affirmed AA-/Stable Long-term Issuer Rating on San-in Godo Bank; JCR Affirmed A+/Stable (FC) on NatWest Group and AA-/Stable (FC) on National Westminster Bank and NatWest Market; JCR's Rating Review of Five Expressway Companies
JCR Assigned AAA Rating to Bonds of Central Nippon Expressway; JCR Assigned A Rating to Bonds of UBE; JCR Assigned Preliminary A Rating to Shelf Registration of Sumitomo Osaka Cement; JCR Assigned Preliminary A+ Rating to Shelf Registration of NSK; Flowering, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Jul. 10, 2025: JCR Upgraded Long-term Issuer Rating on ROYAL HD to BBB+/Stable; JCR Upgraded Long-term Issuer Rating on TOBU RAILWAY to A+/Stable; Assigned Preliminary A+ to Shelf Registration; JCR Affirmed A+ Long-term Issuer Rating on Keisei Electric Railway; Revised Outlook to Stable; JCR Affirmed AA/Stable Long-term Issuer Rating on Tokyo Waterfront Area Rapid Transit; JCR Affirmed A-/Stable and J-1 on UACJ; JCR Assigned A- Rating to Bonds of Kintetsu Group HD; JCR Assigned A+ Rating to Bonds of THK; JCR Assigned A+ Rating to Bonds of JGC HD; JCR Assigned AA- Rating to Bonds of LY Corporation; JCR Assigned Preliminary AA- Rating to Shelf Registration of ACOM; JCR Assigned AA- Rating to Bonds of Mizuho Leasing; JCR Assigned AAA Rating to Bonds of East Nippon Expressway; JCR Assigned AA- to Cypher Limited Series 567

Jul. 09, 2025: JCR Affirmed BBB+/Stable Long-term Issuer Rating on GREE HD; JCR Assigned A- Rating to Bonds of DyDo GROUP HD; JCR Assigned A+ Rating to Bonds of Tokyu Fudosan HD; JCR Assigned Preliminary A- Rating to Shelf Registration of COSMO ENERGY HD; JCR Assigned Preliminary BBB to Securities of STARTS (Ireland) PLC; JCR Assigned A Rating to Bonds of SPIRE SA Series 2025-351; Japan: Assigned Climate Transition Bond Preliminary Evaluation: Green 1(T)

Issuer
Jun. 12, 2025
Romania
Hungary
May. 27, 2025
Aflac Incorporated
American Family Life Assurance Company of Columbus
Aflac Life Insurance Japan
Aflac Re Bermuda
May. 13, 2025
Far East Horizon
Feb. 26, 2025
Malayan Banking
Dec. 26, 2024
SMFG India Credit
Dec. 18, 2024
Mapletree Investments

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