News Release

Mar. 03, 2026

JCR Upgraded Long-term Issuer Rating on Oenon HD to BBB+/StableNEW

JCR Affirmed AA-/Stable and J-1+ on Niterra; Change in CP Maximum AmountNEW

JCR Affirmed AA-/Stable Long-term Issuer Rating on MINEBEA MITSUMINEW

JCR Affirmed A-/Stable Long-term Issuer Rating on Yasuda LogisticsNEW

JCR Affirmed A-/Negative Long-term Issuer Rating on YOKOREINEW

JCR Affirmed AA-/Stable Long-term Issuer Rating on Kyodo Housing LoanNEW

JCR Affirmed A+p/Stable FC Long-term Issuer Rating on Deutsche BankNEW

JCR Affirmed AA-/Stable FC Long-term Issuer Rating on Hyundai Capital ServicesNEW

JCR Affirmed AA-/Stable FC Long-term Issuer Rating on Hyundai CardNEW

Mar. 02, 2026

SoftBank Group Announces Follow-on Investment in OpenAI - OpenAI's Business Operations to Be Closely Watched

JCR Assigned J-1 Rating to CP of SWCC

JCR Affirmed A/Stable and J-1 on SAN-AI OBBLI

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Soken Chemical & Engineering

JCR Affirmed AA/Stable Long-term Issuer Rating on DREAM Private REIT

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

JCR Affirmed A+/Stable FC Long-term Issuer Rating on Banco Santander-Chile

JCR Assigned AA Rating to Bonds of T&D HD

JCR Assigned AA- Rating to Sylph Limited Series 60245

[ Asset Securitization Products ] JCR Withdraws J-1+ on Monthly Clear Receivable Securitization ABL Program (Japan Securitization Corporation)

Feb. 27, 2026

JCR Assigned A/Stable Long-term Issuer Rating to Taikisha

JCR Upgraded Long-term Issuer Rating on Daiwabo HD to A+/Stable

JCR Affirmed BBB+/Stable FC Long-term Issuer Rating on Indofood CBP Sukses Makmur

JCR Affirmed A/Stable and J-1 on Aozora Bank

JCR Affirmed AA-/Stable and J-1+ on Credit Saison

JCR Affirmed AA-/Stable Long-term Issuer Rating on SOSiLA Logistics REIT

JCR Assigned A Rating to Bonds of NIPPN

JCR Assigned A Rating to Bonds of JAPAN NUCLEAR FUEL

JCR Assigned A+ Rating to Bonds of HIKARI TSUSHIN

JCR Assigned A Rating to Bonds of KYUSHU LEASING SERVICE

JCR Assigned AA- Rating to Bonds of Mizuho Leasing

JCR Assigned AA Rating to Bonds of Mitsubishi HC Capital

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

JCR Affirmed AA on Long-term Issue Rating of Asagao Credit Service LLC

[ Asset Securitization Products ] JCR Affirmed A on Beneficial Interest (202502)

[ Asset Securitization Products ] JCR Assigned A+ to US real estate secured loan securitization 2026-02

JCR Withdraws BBB+ Long-term Issuer Rating on SBI FinTech Solutions

HEIWA REAL ESTATE: Assigned Sustainability Finance Framework Evaluation: SU 1(F)

FCN, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan

EIWAT, The Senshu Ikeda Bank: Second Opinion on Positive Impact Finance

Precious, THE SAITAMAKEN SHINKIN BANK: Second Opinion on Positive Impact Finance

Chinrai Sohonten, THE SAITAMAKEN SHINKIN BANK: Second Opinion on Positive Impact Finance

SHUWA, San ju San Bank: Second Opinion on Positive Impact Finance

FBM, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

ANUZIK, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Kagawa Electric Power Company, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

SANKI SEIKO, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Sublimation, The Tama Shinkin Bank: Second Opinion on Positive Impact Finance

Seibo Maria Gakuen, Hachijuni Nagano Bank: Second Opinion on Positive Impact Finance

R studio, Hamamatsu Iwata Shinkin Bank: Second Opinion on Positive Impact Finance

EC-SELVICE, The Hiroshima Bank: Second Opinion on Positive Impact Finance

Minami Holdings, The Hokuriku Bank: Second Opinion on Positive Impact Finance

Feb. 26, 2026

Rakuten Group Resumes Discussion on FinTech Business Reorganization - Will Watch the Group Structure After Restructuring

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

JCR Affirmed A/Stable Long-term Issuer Rating on AEON Mall

JCR Affirmed A/Stable and J-1 on AEON KYUSHU

JCR Affirmed A/Stable and J-1 on AEON Financial Service

JCR Affirmed A/Stable and J-1 on AEON Housing Loan Service

JCR Assigned AA- Rating to Bonds of Fuyo General Lease

JCR Assigned AA- to SPIRE SA Series 2026-90

Feb. 25, 2026

JCR Assigned A-/Stable Long-term Issuer Rating to Suruga Bank

JCR Affirmed AA/Stable Long-term Issuer Rating on Mitsubishi Estate Logistics REIT Investment Corporation

JCR Assigned A+ Rating to Bonds of Tokyu Fudosan HD

JCR Assigned Preliminary AA Rating to Shelf Registration of Tokyo Century

[ Asset Securitization Products ] JCR Assigned Preliminary A+ to US real estate secured loan securitization 2026-03

Fujimak: Assigned Green Loan Framework Evaluation: Green 1(F)

YOKOHAMA MINATOMIRAI RAILWAY: Evaluation of Conformity of Long term Loan and Bonds no. 12 to Green Finance Framework

Feb. 24, 2026

JCR Upgraded Long-term Issuer Rating on Pan Pacific International HD to AA-/Stable

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

JCR Assigned BBB Rating to Subordinated Loan of ZENSHO HD

Sankyo Tateyama: Post-execution Verification Report on Sustainability Linked Loan

Feb. 20, 2026

JCR Affirmed A+/Stable and J-1 on Sumitomo Bakelite

JCR Affirmed A/Stable and J-1 on TOYOBO

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

JCR Assigned A Rating to Bonds of Tokyo Tatemono

JCR Assigned A Rating to Bonds of TEPCO Renewable Power

JCR Assigned AA- Rating to Bonds of TOYODA GOSEI

JCR Assigned AA Rating to Bonds of Mitsubishi HC Capital

JCR Assigned A Rating to Bonds (Tier 1 with loss absorption clause) of Shoko Chukin Bank

[ Asset Securitization Products ] JCR Assigned J-1 to Class B Specified Loan Program (No.100055)

Asagiri, THE SHIMIZU BANK: Second Opinion on Positive Impact Finance

ADTEC, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Kagawa Eco Recycle, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Feb. 19, 2026

JCR Upgraded Long-term Issuer Rating on Asahi Mutual Life Insurance to A/Stable

JCR Affirmed AA-/Stable and J-1+ on Fuyo General Lease and Sharp Finance

JCR Affirmed AA/Stable Long-term Issuer Rating on NTT UD REIT Investment Corporation

JCR Affirmed A-/Stable Long-term Issuer Rating on Nippon Hotel & Residential Investment Corporation

JCR Assigned A Rating to Bonds of Kobe Steel

JCR Assigned A- Rating to Bonds (Tier 1 with loss absorption clause) of Nomura HD

JCR Assigned A+ Rating to Bonds of Hoshino Resorts REIT

Change in CP Maximum Amount of Sumitomo Metal Mining; Affirmed J-1+

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 26-02

JCR Assigned AA to Oxygen Capital Limited Series 183-4

KISHIKAWA SEISAKUSHO, The Juhachi-Shinwa Bank: Second Opinion on Positive Impact Finance

Feb. 18, 2026

AIR WATER Releases the Investigation Report of the Special Investigating Committee, Revised Financial Forecast, Etc. - Limited Impact on the Rating, but Future Developments to Be Closely Watched

JCR Upgraded Long-term Issuer Rating on MEIDENSHA to A/Stable; Affirmed J-1 on CP

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Japan Metropolitan Fund Investment Corporation

JCR Assigned Preliminary A+ Rating to Shelf Registration of SUGI HD

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (R Hospital)

[ Asset Securitization Products ] JCR Assigned BBB- to SPIRE SA Series 2026-240