News Release

Aug. 18, 2017

JCR Affirmed AA-/Stable Long-term Issuer Rating on Premier Investment Corporation

JCR Affirmed AA-/Stable, AA- and Preliminary AA- on Global One Real Estate Investment Corporation

JCR Affirmed AAA (FC)/AAA (LC) Ratings on Export Development Canada with Stable Outlook

Aug. 17, 2017

JCR Assigned Preliminary A- Rating to Shelf Registration (Senior Bonds) of SoftBank Group

Aug. 16, 2017

JCR Affirmed A/Stable and A on Malayan Banking

Aug. 14, 2017

JCR Affirmed BBB+/Stable Long-term Issuer Rating on PGM Holdings

Aug. 10, 2017

JCR Assigned A+ Rating to Subordinated Bonds of Sekisui House

JCR Assigned Preliminary A+ Rating to Bonds of Mitsubishi UFJ Financial Group

JCR Assigned AAA to Bonds of Aichi Prefecture

JCR Assigned Preliminary A+ Rating to Shelf Registration of Daicel

JCR Affirmed AA-, AA-, Pre. AA- and J-1 on ITOCHU; Revised Outlook from Stable to Positive

JCR Affirmed J-1+ Rating on CP of ITOCHU Treasury

JCR Affirmed AA- Rating on EMTN of ITOCHU
JCR Affirmed AA- Rating on EMTN of ITOCHU Treasury Corporation
JCR Affirmed AA- Rating on EMTN of ITOCHU Treasury Centre Europe Plc

JCR Affirmed AA-/Stable, AA-, Preliminary AA- and J-1+ on Mitsubishi Heavy Industries

Aug. 09, 2017

JCR Downgraded Rating on UKC Holdings from #A-/Negative to #BBB+/Negative; Maintains Credit Monitor

JCR Affirmed BBB+ Rating on CHUBUSHIRYO; Revised Outlook from Stable to Positive

JCR Affirmed BBB+ and J-2 on Mitsui Engineering & Shipbuilding; Revised Outlook from Stable to Negative, Increase in CP Maximum Amount

JCR Affirmed A-/Stable, A- and BBB on YOKOHAMA REITO

Aug. 08, 2017

JCR Affirmed BBB/Stable Long-term Issuer Rating on HOSOKAWA MICRON

Aug. 07, 2017

JCR Assigned AA-/Stable Long-term Issuer Rating to Mitsubishi Estate Logistics REIT Investment Corporation

JCR Affirmed A Rating on TOSOH; Revised Outlook from Stable to Positive

JCR Affirmed A/Stable Long-term Issuer Rating on KATO SANGYO

JCR Affirmed A-/Stable and J-1 on GS Yuasa

Aug. 04, 2017

JCR Assigned A- Rating to Bonds of HIKARI TSUSHIN

JCR Assigned AA- Rating to Bonds of Nomura Holdings

JCR Assigned AAA Rating to Bonds of Japan Bank for International Cooperation

JCR Assigned A to Specified Bonds of Meiji Yasuda Life 2017 Fund SPC

JCR Affirmed A-/Stable, A- and Preliminary A- on Mazda Motor

JCR Affirmed A+/Stable, A+, Preliminary A+ and J-1 on Nippon Electric Glass

Aug. 03, 2017

JCR Affirmed A-/Stable and A- on VALOR HOLDINGS

JCR Affirmed BBB+/Stable Long-term Issuer Rating on TOMATO BANK

JCR Affirmed BBB+/Stable Rating on Daido Fire & Marine Insurance

Aug. 02, 2017

JCR Assigned AAA to Bonds of Aichi Prefecture

JCR Assigned Preliminary A Rating to Shelf Registration of Nippon Paper Industries

JCR Affirmed BBB+/Stable Long-term Issuer Rating on FUJIKURA KASEI

JCR Affirmed A-/Stable and A- on DyDo GROUP HOLDINGS

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

JCR Assigned AA- to Specified Bonds of Nissay 2017 Fund SPC

Aug. 01, 2017

JCR Placed Rating on Japan Net Bank under Credit Monitor #A+/Negative

JCR Upgraded Rating on Hankyu Hanshin Holdings to AA-/Stable, AA- and J-1+

JCR Affirmed A- Rating on Morinaga & Co.; Revised Outlook from Stable to Positive

JCR Affirmed BBB-/Stable and J-2 on Financial Products Group

[ Asset Securitization Products ] JCR Affirmed BBB+ on ABL of Accordia Golf Asset Godo Kaisha

Jul. 31, 2017

JCR Placed Rating on UKC Holdings under Credit Monitor #A-/Negative

JCR Assigned Preliminary A Rating to Shelf Registration of Rakuten

JCR Assigned Preliminary BBB- to Shelf Registration of ZENSHO HOLDINGS

JCR Affirmed BBB+/Stable Long-term Issuer Rating on HARIMA CHEMICALS GROUP

JCR Affirmed A/Stable, A and Preliminary A on MORI BUILDING

JCR Affirmed A-/Stable and J-1 on NEC Capital Solutions

JCR Affirmed A+p/AA-p (FC/LC) Ratings on Korea Development Bank

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL17-07

JCR Withdraws A Long-term Issuer Rating on Sapporo Shinkin Bank

Jul. 28, 2017

JCR Assigned A+ Rating to Bonds of J. FRONT RETAILING

JCR Assigned A+ Rating to Bonds of JXTG Holdings

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned Preliminary AA- Rating to Shelf Registration of Sumitomo Mitsui Finance and Leasing

JCR Affirmed BBB+/Stable Long-term Issuer Rating on KOHNAN SHOJI

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to Class A Beneficial Interest 201708

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

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL17-07

Jul. 27, 2017

JCR Affirmed AA- on Commitment Line of PASMO

Revision of Assessment of Hybrid Securities' Equity Content

Rating Methodology for Assessment of Hybrid Securities' Equity Content

Revision of Assessment of Hybrid Securities' Equity Content

Rating Methodology for Assessment of Hybrid Securities' Equity Content

Jul. 26, 2017

JCR Affirmed BBB+ Long-term Issuer Rating on TSUKADA GLOBAL HOLDINGS; Revised Outlook from Stable to Negative

JCR Affirmed A-/Stable, A-, Pre. A- and J-1 Rating on Central Glass

JCR Affirmed BBB+/Stable on Nippon Fine Chemical

JCR Affirmed BBB/Stable and J-2 on TOKYO DOME

JCR Affirmed A+/Stable on Shinhan Bank

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL17-07 (D Hospital)

Jul. 25, 2017

JCR Upgraded Rating on Hitachi Zosen from BBB/Positive and BB+ (Sub.) to BBB+/Stable and BBB- (Sub.)

JCR Assigned A- Rating to Bonds of Tokyu Fudosan Holdings

JCR Affirmed BBB/Stable and J-2 on Daiei Real Estate & Development

JCR Affirmed A/Positive and J-1 on LINTEC

[ Asset Securitization Products ] JCR Assigned J-1+ to MSNW Trust Certificate Series 17070

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL17-07

Jul. 24, 2017

JCR Assigned A/Stable Long-term Issuer Rating to Healthcare & Medical Investment

JCR Upgraded Rating on SIIX from BBB+/Positive to A-/Stable

Jul. 21, 2017

JCR Affirmed A- on HASEKO; Revised Outlook from Stable to Positive

JCR Assigned AAA to Bonds of Central Nippon Expressway

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL17-07

Jul. 20, 2017

Idemitsu Kosan Completes Global Offering -- No Immediate Impact on Rating but Future Developments to Be Watched

JCR Assigned BBB+ Rating to Bonds of Kintetsu Group HD

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL17-07 (F Hospital)

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corp. Bills Rec. ABL17-07

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL17-07

JCR Affirmed A on Kurimoto Mega Solar Proj. Bond Trust 1 BI/Trust ABL

JCR Affirmed A on Kurimoto Mega Solar Proj. Bond Trust 2 BI/Trust ABL

Jul. 19, 2017

UKC Holdings' Announcement of Estimates for Losses Related to Consolidated Subsidiary's Accounting Treatment - Strong Downward Pressure on Rating

JCR Affirmed AAA/Negative and AAA on Japan Bank for International Cooperation

JCR Affirmed AA- Rating on DAIKIN; Revised Outlook to Positive

Jul. 18, 2017

JCR Affirmed AA+p/Stable Long-term Issuer Rating on Astellas Pharma

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 17070

Jul. 14, 2017

PERSOL HOLDINGS Announces Acquisition in Australia - No Immediate Impact on Rating but Future Synergies Will Be Watched

JCR Assigned A to Canadian Solar Green Proj. Ben. Int/Trust ABL

JCR Assigned AAA to Bonds of Aichi Prefecture

JCR Assigned A to Bonds of SCSK Corporation

JCR Assigned A- to Bonds of Orient Corporation

JCR Assigned AA- Rating to Bonds of Kansai Electric Power Company