News Release

Apr. 16, 2024

JCR Affirmed A-/Stable Long-term Issuer Rating on Tokyo Kiraboshi Financial Group and Kiraboshi Bank

JCR Affirmed AA/Stable Long-term Issuer Rating on Sekisui House Reit

JCR Assigned AA- to Commitment Line of PASMO

JCR Assigned #A+/Nagative to Azusa Limited Series 516

[ Asset Securitization Products ] JCR Affirmed AAA on JHF-guaranteed RMBS ABL Program and RMBS ABL Program (00013881)

Apr. 15, 2024

JCR Affirmed A-/Stable Long-term Issuer Rating on Nittetsu Mining

JCR Assigned Preliminary A Rating to Subordinated Bonds of Takeda Pharmaceutical

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to ota-mokuzai

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Tsuta Seisakusho

Apr. 12, 2024

JCR Assigned A+/Stable (FC/LC) to NWS HD

JCR Assigned AA+ Rating to Bonds of ITOCHU

JCR Assigned A+ Rating to Bonds of SUMITOMO HEAVY INDUSTRIES

JCR Assigned A+ Rating to Subordinated Bonds of DAIWA HOUSE INDUSTRY

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned A+ Rating to Bonds of HIKARI TSUSHIN

JCR Assigned AA- Rating to Bonds of Hulic

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

JCR Assigned AA Rating to Bonds of Sumitomo Mitsui Finance and Leasing

JCR Assigned AA Rating to Bonds of Sumitomo Mitsui Trust Panasonic Finance

JCR Assigned Preliminary A- Rating to Shelf Registration of ANA HD

JCR Assigned Preliminary AA Rating to Shelf Registration of Mitsui Fudosan

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Yamanashi Chuo Bank to SAN.foods

Apr. 11, 2024

JCR Assigned A-/Stable (FC/LC) to Daewoo Engineering & Construction

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

JCR Affirmed A Long-term Issuer Rating on NISSAN MOTOR; Revised Outlook to Positive

JCR Affirmed A Long-term Issuer Rating on NISSAN FINANCIAL SERVICES; Revised Outlook to Positive

JCR Affirmed A+/Stable Long-term Issuer Rating on SUMITOMO HEAVY INDUSTRIES

JCR Assigned A- Rating to Bonds of Rakuten Group

JCR Assigned A+ Rating to Subordinated Bonds of JAPAN POST INSURANCE

JCR Assigned AA+ Rating to Bonds of Kanagawa Prefectural Housing Supply Corporation

Apr. 10, 2024

JCR Assigned A-/Stable FC Long-term Issuer Rating to True Corporation

JCR Upgraded Long-term Issuer Rating on IINO KAIUN to A-/Stable

JCR Affirmed J-1 Rating on CP of TOKAI HD

JCR Affirmed AA/Stable Long-term Issuer Rating on Japan Freight Railway

JCR Assigned AA Rating to Bonds of Kansai Electric Power

JCR Assigned A Rating to Bonds of DIC

JCR Assigned AA- Rating to Bonds of Nippon Yusen

JCR Assigned A- Rating to Bonds of GMO Financial HD

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Assigned Preliminary A Rating to Shelf Registration of UBE

JCR Provided a Second Party Opinion on Sustainability Linked Finance Framework of Mitsubishi Estate Logistics REIT Investment

Apr. 09, 2024

JCR Affirmed BBB+ and J-2 on MARUDAI FOOD; Revised Outlook to Stable

JCR Affirmed AAAp/Stable and J-1+ on East Japan Railway

JCR Affirmed A/Stable Long-term Issuer Rating on SBI Sumishin Net Bank

JCR Assigned Preliminary A Rating to Shelf Registration of TEPCO Power Grid

JCR Assigned Preliminary A Rating to Shelf Registration of Resonac HD

Apr. 08, 2024

Results of Review of Structured Finance Products (Excluding Those to Which Credit Ratings Are Assigned) March 2024

JCR Downgraded Rating on Toho Zinc to B+/Negative and NJ

Apr. 05, 2024

ROHTO PHARMACEUTICAL Announced Acquisition of a Singaporean Health and Wellness Manufacturing and Sales Company - Limited Impact on Rating

JCR Assigned AA Rating to Bonds of Kansai Electric Power

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Assigned A+ Rating to Bonds of Nishi-Nippon Railroad

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned Preliminary A+ Rating to Shelf Registration of Denka

JCR Assigned Preliminary AA- Rating to Shelf Registration of Nissan Chemical

Apr. 04, 2024

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned A to SPIRE SA Series 2024-179

[ Asset Securitization Products ] JCR Upgraded Ganymede Limited Series 2021-180 to AA-

JCR Upgraded Landmark Capital S.A. Series 2018-65 to A+

[ Asset Securitization Products ] JCR Upgraded Earls Four Limited Series 1076 to A

JCR Upgraded Nomura Trust and Banking Unsecured Trust Bonds No. 37 to AA-

Apr. 03, 2024

JCR Affirmed BBB/Stable Long-term Issuer Rating on YOROZU

[ Asset Securitization Products ] JCR Reviewed Beneficial Interest 202007 (Contract No. 210252), Beneficial Interest 202107 (Contract No. 210272), Beneficial Interest 202111 (Contract No. 210281), Beneficial Interest 202201 (Contract No. 210290), Beneficial Interest 202208 (Contract No. 210299), Beneficial Interest 202301 (Contract No. 210315), and Beneficial Interest 202307 (Contract No. 210327)

Apr. 02, 2024

Revisions to Rating Methodologies for "Information Services" and "Nonferrous Metals"

JCR Assigned A-/Stable Long-term Issuer Rating to SKYLARK HD

JCR Affirmed A Long-term Issuer Rating on J. F. Oberlin University and Affiliated Schools; Revised Outlook to Negative

JCR Affirmed J-3 Short-term Issuer Rating on INV Inc.

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Yamanashi Chuo Bank to SHOWA CONSTRUCTION

Apr. 01, 2024

Rakuten Group Announces Reorganization of FinTech Businesses—There is Possibility of Certain Effects on Financial Improvement

Reorganization of FinTech Businesses in Rakuten Group—JCR Will Focus on Group Structure After Reorganization

JCR Assigned A/Stable Long-term Issuer Rating to TOKUSHIMA TAISHO BANK

JCR Assigned A/Stable Long-term Issuer Rating to KAGAWA BANK

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

JCR Affirmed AA/Stable Long-term Issuer Rating on 77 Bank

JCR Affirmed AA+/Stable Long-term Issuer Rating on SECOM GENERAL INSURANCE

JCR Affirmed A/Stable (FC) and A+/Stable (LC) on Thailand

JCR Affirmed A+ on Ascent Finance Limited Series 2023-1004

JCR Affirmed A+ on Ascent Finance Limited Series 2023-1011

JCR Provided a Second Opinion to Positive Impact Finance Framework of Saitamaken Shinkin Bank

JCR Provided a Second Opinion to Positive Impact Finance Framework of Hiroshima Bank

JCR Provided 77 Bank with Its Second Opinion for the Scheme on SDGs Private Placement Bonds (Promoting Reform of Working Practices)

Mar. 29, 2024

JCR Assigned A-/Negative Long-term Issuer Rating to Rakuten Life Insurance

JCR Upgraded Thai Union Group to A/Stable (FC); Assigned A/Stable (LC)

JCR Affirmed A+ (FC/LC) on Slovak Republic; Revised Outlook to Stable

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

JCR Affirmed BBB+/Stable Long-term Issuer Rating on NAGATANIEN HD

JCR Affirmed A+/Stable and J-1 on Mortgage Corporation of Japan

JCR Affirmed A+/Stable FC Long-term Issuer Rating on Teollisuuden Voima Oyj

JCR Affirmed A+/Stable FC LT Issuer Rating on Pohjolan Voima Oyj

JCR Affirmed BBB/Stable FC Long-term Issuer Rating on Adaro Energy Indonesia

JCR Assigned A+ Rating to Subordinated Loan of Suntory HD

JCR Assigned BBB Rating to Subordinated Loan of YOKOREI

JCR Assigned Preliminary BBB to SPARX Biomass Green Project Bond Trust (Kasama) Beneficial Interest and Trust ABL

JCR Assigned AA- to Securitization of Leases Receivable from SB 202403

JCR Assigned AA- to Securitization of Loans Receivable from SB 202403

JCR Withdraws BBB Long-term Issuer Rating on Akanekai

JCR Withdraws BBB- Long-term Issuer Rating on Akatsukikai

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