News Release

Nov. 29, 2018

JCR Affirmed A-/Stable, A-, Preliminary A- and J-1 on HIKARI TSUSHIN

JCR Affirmed A (FC) rating on Lotte Shopping with Stable outlook

JCR Affirmed A (FC) rating on Lotte Card with Stable outlook

JCR Withdraws J-1 Rating on CP of SUMITOMO HEAVY INDUSTRIES

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL18-11

Nov. 28, 2018

JCR Affirmed A+ Rating on Invesco Office J-REIT; Revised Outlook from Stable to Positive

JCR Assigned AA- Rating to Bonds of Hitachi Capital

JCR Affirmed A/Stable Long-term Issuer Rating on Nishi-Nippon Financial Holdings
JCR Affirmed A/Stable and A- on NISHI-NIPPON CITY BANK

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of Sojitz

JCR Affirmed A+/Stable, A+, Preliminary A+, and J-1 on Keikyu

Nov. 27, 2018

JCR Assigned Green 1 (Preliminary) to Bonds issued by GLP J-REIT

JCR Removed CM and Affirmed BBB- (FC/LC) Ratings on Turkey; Outlook Negative

JCR Affirmed A+ and J-1 Rating on Shimadzu; Revised Outlook from Stable to Positive

JCR Affirmed A- and Preliminary A- on Nishimatsu Construction; Revised Outlook from Stable to Positive

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

JCR Affirmed BB+/Stable Long-term Issuer Rating on IKAI

JCR Affirmed A-/Stable Long-term Issuer Rating on RISO KAGAKU

JCR Affirmed BBB+/Stable Long-term Issuer Rating and and Ability to Pay Insurance Claims on Daido Fire & Marine Insurance

JCR Affirmed AAA/AAA (FC/LC) Ratings on Singapore

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL18-11 (D Hospital)

Nov. 26, 2018

DAIKIN INDUSTRIES's Acquisition of AHT - Limited Impact on Rating

JCR Affirmed BB/Stable Foreign Currency Long-term Issuer Rating on Avation

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL18-11

Nov. 22, 2018

Pioneer Additionally Sets the Record Date to Convene the Extraordinary General Meeting of Shareholders - JCR Will Watch Progress and Outcome on Consultations on Support by Sponsor

JCR Assigned A- Rating to Subordinated Bonds of Don Quijote Holdings

JCR Assigned Preliminary BBB+ Rating to Subordinated Bonds of MORI BUILDING

JCR Assigned A- Rating to Bonds of Mitsui Mining and Smelting

JCR Assigned A+ Rating to Bonds of NSK

JCR Assigned AA- Rating to Bonds of Tohoku Electric Power

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned A- Rating to Bonds of Ube Industries

JCR Assigned A+ Rating to Bonds of Daiwa Securities Group

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned A Rating to Bonds of NIPPON REIT Investment Corporation

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

JCR Affirmed A/Stable and A on DAIICHIKOSHO

JCR Affirmed BBB/Negative and J-2 on Shinsho

Nov. 21, 2018

JCR Affirmed A, Preliminary A and J-1 on NICHIREI; Revised Outlook from Stable to Positive

JCR Affirmed AA and AA- Rating on EMTN of Mitsubishi UFJ Securities Holdings; Increase in Maximum Amount of Program

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL18-11

Nov. 20, 2018

NISSAN Chairman Carlos Ghosn Was Arrested Over Allegation of Violations of Financial Instruments and Exchange Act - JCR will Watch Alliance among the 3 Companies and Impact on Synergistic effects

JCR Assigned A- Rating to Bonds of POCKET CARD

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

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL18-11

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL18-11

Nov. 19, 2018

JCR Assigned BBB+ (FC) Rating to Cantor Fitzgerald with Stable Outlook

JCR Upgraded Rating on Nippon Light Metal Holdings from BBB+/Positive to A-/Stable

JCR Upgraded Rating on Starzen from BBB/Positive and BBB to BBB+/Stable and BBB+

JCR Affirmed A and J-1 Rating on NIPPON STEEL & SUMIKIN BUSSAN; Revised Outlook from Stable to Positive

JCR Affirmed A and J-1 Rating on Sharp Finance; Revised Outlook from Stable to Positive

JCR Affirmed A-/Stable Long-term Issuer Rating on Takeda Healthcare Foundation

JCR Affirmed BBB/Positive Long-term Issuer Rating on TAMURA

JCR Affirmed A/Stable and A- on Kiyo Bank

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

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

JCR Affirmed A/Stable, A, Preliminary A and J-1 on BOT Lease

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL18-11 (F Hospital)

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

Nov. 16, 2018

JCR Assigned AA- Rating to Bonds of AEON REIT Investment Corporation

JCR Assigned A+ Rating to Bonds of Kenedix Residential NEXT Investment Corporation

JCR Assigned AA- Rating to Bonds of JFE Holdings

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Affirmed A and J-1 Rating on Fuyo General Lease; Revised Outlook from Stable to Positive

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

JCR Affirmed A/Stable Long-term Issuer Rating on JAPAN WOOL TEXTILE

Nov. 15, 2018

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Affirmed A-/Stable and J-1 on KROSAKI HARIMA

Nov. 14, 2018

JCR Upgraded Rating on YAMAHA from A+/Positive to AA-/Stable

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

JCR Affirmed A/Stable Long-term Issuer Rating on Yodogawa Christian Hospital

Nov. 13, 2018

JCR Upgraded Rating on YAHAGI CONSTRUCTION from BBB/Positive+ to BBB+/Stable

JCR Affirmed A+/Stable Long-term Issuer Rating on NIPPON STEEL & SUMIKIN ENGINEERING

JCR Affirmed AA+/Stable, AA+, Preliminary AA+, and J-1+ on NTT DATA

JCR Affirmed A+/Stable and A+ on Japan Hotel REIT Investment Corporation

Nov. 12, 2018

Approval for SoftBank Group's Listing of Its Telecommunications Subsidiary - Limited Impact on Rating

JCR Assigned AA-/AA (FC/LC) ratings with stable outlook to China

JCR Affirmed A+/Stable and A+ on LIXIL Group

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

Nov. 09, 2018

VALOR HOLDINGS will Make DAIYU LIC HOLDINGS Its Consolidated Subsidiary - No Immediate Impact on Rating, Future Synergies to be Watched

Nov. 08, 2018

Japan Atomic Power Company has received regulatory approval of an extension of the operating period - JCR will closely monitor the future activities over the understanding of local municipalities and its financing plan for construction costs

MINEBEA MITSUMI Announces Its Plan to Acquire U-shin - Limited Impact on Rating

PIONEER Announced Business Results for 2nd Quarter of FY2018 - JCR will Watch Progress and Developments on Consultations on Support by Sponsor

JCR Affirmed A/Stable Long-term Issuer Rating on TIS
JCR Affirmed A/Stable Long-term Issuer Rating on INTEC

JCR Affirmed A+/Stable on Hyundai Capital Services

JCR Affirmed A-/A (FC/LC) Ratings on Republic of Peru with Stable Outlook

Nov. 07, 2018

JCR Affirmed BBB-/Stable Long-term Issuer Rating on AIRTECH JAPAN

Nov. 06, 2018

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

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

Nov. 05, 2018

ASICS’ Downward Revision of Earnings Forecasts - JCR will Watch Impact of Structural Reforms on Financial Base and Trend of Business Performance Recovery

JCR Assigned A- to CPI Property Group with Stable Outlook

Nov. 02, 2018

Toyo Tire & Rubber to Form Capital and Business Alliance with Mitsubishi Corp. - Synergies in the Medium Run, Construction Plan for New Production Facilities and Progress in Repairing of Seismic Isolation Rubber Products to Be Closely Watched

JCR Assigned Preliminary BBB+ Rating to Subordinated Bonds of Rakuten

JCR Affirmed AA/Stable, AA, A+ and J-1+ on Sekisui House

JCR Affirmed A/Stable Long-term Issuer Rating on Amagasaki Shinkin Bank

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

Nov. 01, 2018

JCR Assigned A+ ratings to bonds of Empresa Nacional del Petroleo

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

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

JCR Affirmed A/Negative, A, Preliminary A, and J-1 on Rakuten