News Release

Jul. 22, 2019

Asahi Group Holdings to Acquire AB InBev's Australian Business - No Change in Rating in Light of Financing PlanNEW

JCR Upgraded Rating on PENTA-OCEAN CONSTRUCTION from A-/Positive and A- to A/Stable and A; Affirmed J-1NEW

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

JCR Affirmed A+/Stable and J-1 on LINTECNEW

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

JCR Affirmed AA- on Nomura Europe Finance and Nomura Global Finance; Increase in MaximumNEW

JCR Affirmed A-/Stable and J-1 on Idemitsu CreditNEW

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL19-07 (F Hospital)NEW

Jul. 19, 2019

MIRAI Corporation and Sakura Sogo REIT Entered into Basic Agreement on Merger - JCR will Watch Developments to be Reflected in Rating for MIRAI Corporation

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

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

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Assigned A Rating to Bonds of Ichigo Office REIT Investment Corporation

JCR Withdraws A/Positive and J-1 on SHOWA SHELL SEKIYU

Jul. 18, 2019

JCR Upgraded Rating on HOSOKAWA MICRON from BBB/Positive to BBB+/Stable

JCR Assigned A Rating to Subordinated Bonds of Suntory Holdings

JCR Assigned Preliminary AA Rating to Shelf Registration of Sekisui House

JCR Affirmed A/Stable Long-term Issuer Rating on MIRAIT Holdings

Jul. 17, 2019

JCR Assigned Green 1 (Final Evaluation) to 2nd Bonds Issued by MEIDENSHA

JCR Assigned BBB+ Rating to Bonds of MEIDENSHA

JCR Assigned A+ Rating to Bonds of SUMITOMO HEAVY INDUSTRIES

JCR Assigned AA Rating to Bonds of Advance Residence Investment Corporation

JCR Affirmed A/Stable Long-term Issuer Rating on Healthcare & Medical Investment Corporation

Jul. 16, 2019

JCR Assigned AA- Rating to Bonds of Mitsubishi UFJ Lease & Finance

JCR Affirmed BBB/Stable and Withdraws BBB on Monex Group
JCR Affirmed BBB/Stable and J-2 on Monex
JCR Affirmed BBB Rating on EMTN of Monex Finance

JCR Upgraded Rating on MAEDA CORPORATION from A-/Positive to A/Stable, from A- to A and from Preliminary A- to Preliminary A

Jul. 12, 2019

JCR Assigned SU 1 (Final Evaluation) to the 22nd, 23rd and 24th Bonds Issued by Mitsui O.S.K. Lines

JCR Assigned A- Rating to Bonds of Mitsui O.S.K. Lines

JCR Assigned A Rating to Bonds of DAIBIRU

JCR Assigned A Rating to Bonds of HASEKO Corporation

JCR Assigned A- Rating to Bonds (Tier 1 with loss absorption clause) of Mizuho Financial Group

JCR Assigned A- Rating to Bonds of Orient Corporation

JCR Assigned A Rating to Bonds of Fuyo General Lease

JCR Affirmed BBB+/Stable Long-term Issuer Rating on ROYAL HOLDINGS

JCR Affirmed A-/Stable and A- on SIIX

Jul. 11, 2019

H.I.S. Launched a Tender Offer for UNIZO Holdings - JCR Will Monitor the Outcome of TOB and No Change to JCR's Approach to the Rating

JCR Assigned Green 1 (Final Evaluation) to 13th Bonds Issued by ORIX JREIT

JCR Assigned AA Rating to Bonds of ORIX JREIT

JCR Upgraded Rating on MORI BUILDING from A/Positive to A+/Stable, from A to A+, from BBB+ to A-, and from Preliminary A to Preliminary A+

JCR Assigned A Rating to Bonds of NICHIAS

JCR Assigned AA- Rating to Bonds of Comforia Residential REIT

Jul. 10, 2019

JCR Assigned Preliminary A+ to Specified Bonds of Meiji Yasuda Life 2019 Fund Special Purpose Company

JCR Assigned Preliminary A Rating to Shelf Registration of Sumitomo Osaka Cement

JCR Assigned Preliminary A Rating to Shelf Registration of ACOM

Jul. 09, 2019

JCR Assigned Green 1 (Final Evaluation) to 3rd Bonds Issued by Takasago Thermal Engineering

JCR Assigned A- Rating to Bonds of Takasago Thermal Engineering

JCR Assigned AA Rating to Bonds of NISSHIN SEIFUN GROUP

JCR Assigned Preliminary A- Rating to Shelf Registration of SoftBank Group

JCR Assigned Preliminary A Rating to Shelf Registration of TOBU RAILWAY

JCR Affirmed A/Stable, A, BBB+, Preliminary A and J-1 on Nomura Real Estate Holdings

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

Jul. 08, 2019

JCR Assigned Preliminary AA- Rating to Shelf Registration of JFE Holdings

JCR Affirmed AA/Stable, AA and Preliminary AA on DAIKIN INDUSTRIES

JCR Affirmed A-/Stable, A- and J-1 on Mitsui Mining and Smelting

JCR Affirmed BBB/Stable Long-term Issuer Rating on ISHIHARA SANGYO

JCR Affirmed BBB+/Stable and BBB+ on FUJI KYUKO

JCR's Rating Review of Money Market Brokers

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

JCR Assigned Preliminary AA- to Bonds of Nissay 2019 Fund Securitization

JCR Affirmed AA-/Stable Long-term Issuer Rating on Mitsui Fudosan Logistics Park

Jul. 05, 2019

JCR Assigned Preliminary AA+ Rating to Shelf Registration of Electric Power Development

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Assigned AA- Rating to Bonds of Kansai Electric Power

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned AA- Rating to Bonds of Odakyu Electric Railway

JCR Assigned BBB+ Rating to Bonds of Kintetsu Group Holdings

JCR Assigned A Rating to Bonds of Kawasaki Heavy Industries

JCR Assigned A Rating to Bonds of Ube Industries

JCR Assigned A Rating to Bonds of Tokyu Fudosan Holdings

JCR Assigned AA- Rating to Bonds of Mitsubishi UFJ Lease & Finance

JCR Assigned AA- Rating to Bonds of RICOH LEASING

JCR Assigned A- Rating to Bonds of NEC Capital Solutions

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned AA Rating to Bonds of Sekisui House Reit

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

Jul. 04, 2019

JCR Affirmed A-/A (FC/LC) Ratings on Thailand with Stable Outlook

JCR Assigned A Rating to Bonds of TEPCO Power Grid

Jul. 03, 2019

JCR Assigned AA Rating to Bonds of Activia Properties

JCR Assigned Preliminary A+ Rating to Shelf Registration of Marubeni

Highlights of Major Telecom Companies' Financial Results for Fiscal Year Ended March 2019

Jul. 02, 2019

JCR Affirmed AA-/Stable and AA- on Fukuoka REIT Corporation

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Nippon Fine Chemical

JCR Assigned Preliminary BBB Rating to Shelf Registration of COSMO ENERGY HOLDINGS

JCR's Rating Review of Electric Power Companies

Jul. 01, 2019

JCR Assigned Green1(F) to Green Finance Framework by Japan Prime Realty Investment Corporation

JCR Assigned Green1 (Preliminary Evaluation) to 12th Bonds Issued by Japan Hotel REIT Investment Corporation

JCR Assigned Preliminary AA- Rating to Shelf Registration of Yahoo Japan

JCR Affirmed AA-/Stable, AA-, A and J-1+ on Suntory Holdings

JCR Affirmed AA-/Stable, AA- and J-1+ on Suntory Beverage & Food

JCR Affirmed J-1 Rating on CP of Marubeni-Itochu Steel; Increase in CP Maximum Amount

JCR Affirmed AA- Rating on Commitment Line of PASMO

Jun. 28, 2019

JCR Assigned SU 1 (Preliminary Evaluation) to 22nd, 23rd and 24th Bonds Issued by Mitsui O.S.K. Lines

JCR Assigned AAA Ratings to Bonds of African Development Bank

JCR Assigned Preliminary AA Rating to Shelf Registration of NISSHIN SEIFUN GROUP

JCR Affirmed A-/Stable and A- on Hanwha Chemical

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL19-06

JCR Affirmed BBB on Blue Energy Ishikawa Mega Solar Power Station Project Senior Loan

Jun. 27, 2019

JCR Removed Credit Monitor; Upgraded Rating on Yahoo Japan from #A/Positive to AA-; Placed Stable Outlook

JCR Assigned AA-/Stable Long-term Issuer Rating to SoftBank

JCR Assigned A- Ratings to JPY Bonds of Mexico