News Release

Sep. 01, 2020

JCR Affirmed AA Ratings on Electricite de France with Stable Outlook

JCR Assigned A to Ascent Finance Limited Series 2020-1053

JCR Affirmed A+ on Beneficial Interest and ABL of Securitization of Loans Receivable

Aug. 31, 2020

JCR Reviewed Trust Beneficiary Rights 201812 (Contract No. 00012883)

JCR Downgraded Rating on Sanken Electric from BBB+/Negative to BBB/Negative

JCR Affirmed A-/Stable, A- and J-1 on Chuo-Nittochi Group

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

JCR Affirmed A-/Stable Long-term Issuer Rating on San ju San Financial Group, Mie Bank and Daisan Bank

JCR Affirmed AA-/Stable, AA- and J-1+ on JCB

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL 20-08

JCR Withdraws J-2 Rating on CP of RESORTTRUST

JCR Withdraws AA- Rating on EMTN Program of Suntory Beverage & Food

Aug. 28, 2020

JCR Placed Rating on MCUBS MidCity Investment Corporation under Credit Monitor #AA-/Positive

JCR Assigned Green 1 to the 1st and the 2nd Bonds Issued by Renova

JCR Assigned BBB Rating to Bonds of RENOVA

JCR Assigned Preliminary A Rating to Subordinated Bonds of Kyushu Electric Power

JCR Assigned A- Rating to Bonds of IHI

JCR Assigned BBB+ Rating to Bonds of Kintetsu Group Holdings

JCR Assigned A Rating to Bonds of JA MITSUI LEASING

JCR Assigned Preliminary A Rating to Shelf Registration of Kawasaki Heavy Industries

JCR Assigned Preliminary A+ Rating to Shelf Registration of Sumitomo Realty & Development

JCR Affirmed AA- Rating on Shinhan Bank with Stable Outlook

[ Asset Securitization Products ] JCR Assigned BB to ABL 20-08

[ Asset Securitization Products ] JCR Affirmed AAA and A- on Class A and Class B Beneficial Interests on Jupiter Investment Purpose Condominium Loan Backed Beneficial Interests 2013

[ Asset Securitization Products ] JCR Affirmed AAA and A- on Class A and Class B Beneficial Interests on Sakura Investment Purpose Condominium Loan Securitization Series 1

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 20-08 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 20-08

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 20-08

Aug. 27, 2020

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Sumitomo Mitsui Trust Bank to Toray Industries

Downward Revisions of Operating and Dividend Forecasts for Fiscal Year Ending December 2020 - JCR Wil Watch Initiatives for Performance Recovery and Evaluate Achievements to be Reflected in Rating

JCR Removed CM; Upgraded FamilyMart to AA- and J-1+; Stable Outlook

JCR Assigned J-1 Rating to CP of VALOR HOLDINGS; Affirmed A-/Stable and A-

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

JCR Affirmed A/A (FC/LC) Ratings on Italy; Revised Outlook from Stable to Negative

JCR Assigned AA- Rating to Bonds (Tier 2 with loss absorption clause) of Concordia Financial Group

JCR Affirmed AA-/Stable, AA-, Preliminary AA- and J-1+ on Hankyu Hanshin Holdings

JCR Assigned AA- Rating to Oxygen Capital Limited Series 115

Aug. 26, 2020

JCR Assigned A+ to Bonds (Tier 2 with loss absorption clause) of Sumitomo Mitsui Trust Holdings

JCR Assigned Preliminary AA- Rating to Subordinated Loan of Nippon Life Insurance

JCR Assigned Preliminary AA- Rating to Bonds of Nissay 5th Subordinated Loan Securitization Company Limited

JCR's Rating Review of Major Oil Distributors

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

JCR Affirmed AA on EMTN of ITOCHU and ITOCHU Treasury Centre Europe

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

Aug. 25, 2020

JCR Assigned A+ Rating to Bonds of Nagoya Railroad

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned A+ Rating to Bonds of NICHIREI

JCR Assigned Preliminary A- Rating to Shelf Registration of Tokyo Tatemono

JCR Affirmed BBB/Positive, BBB and J-2 on ICHINEN HOLDINGS

JCR Affirmed A-/Stable, A- and Preliminary A- on ASAHI BROADCASTING GROUP HOLDINGS

JCR Affirmed BBB/Stable and BBB on Nippon Yakin Kogyo

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

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

JCR Withdraws Preliminary BBB+ on Amp Green Project Bond Trust (Fukuoka) Beneficial Interest and Trust ABL

Aug. 24, 2020

JCR Affirmed A+ Rating on Daicel; Revised Outlook from Stable to Negative

JCR Affirmed A/Stable and A on PERSOL HOLDINGS

JCR Affirmed A+/Stable Long-term Issuer Rating on Daishi Hokuetsu Financial Group
JCR Affirmed A+/Stable Long-term Issuer Rating on Daishi Bank
JCR Affirmed A+/Stable Long-term Issuer Rating on Hokuetsu Bank

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

JCR Affirmed BBB Rating on EMTN of Monex Finance

Aug. 21, 2020

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

JCR Assigned Preliminary A+ Rating to Bonds (Tier 2 with loss absorption clause) of Mitsubishi UFJ Financial Group

JCR Assigned AAA Rating to Bonds of Japan Student Services

JCR Assigned Preliminary AAA Rating to Shelf Registration of Development Bank of Japan

JCR Affirmed BBB+/Negative Long-term Issuer Rating on Tsukuba Bank

JCR Affirmed AAA/AAA (FC/LC) Ratings on United States of America

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 20-08

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 20-08

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (Kyokuhoukai Medical Association, Asahikawa Sanai Hospital)

Aug. 20, 2020

JCR Assigned SU 1(F) to Sustainability Finance Framework of Japan Excellent

JCR Assigned SU 1 to Long-term Loan (Sustainability Loan) Borrowed by Japan Excellent

JCR Affirmed A+/Stable, A+ and Preliminary A+ on AIR WATER

JCR Affirmed A-/Positive and J-1 on TOHO HOLDINGS

JCR Affirmed A-/Stable and A- on Sushiro Global Holdings

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

JCR Affirmed A-/Stable Long-term Issuer Rating on Sumitomo Mitsui Construction

JCR Affirmed A-/Stable and A- on MITSUI-SOKO HOLDINGS

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 20-08 (F Hospital)

[ Asset Securitization Products ] JCR Affirmed A Rating on Trust ABL and Corporate Bonds of Nomura Trust and Banking (1806-04)

Aug. 19, 2020

LaSalle LOGIPORT REIT's Issuance of New Investment Units, Secondary Offering of Investment Units and Acquisition of Properties - JCR Will Watch Developments Such as Management Conditions after Acquisition

JCR Affirmed AA/AA (FC/LC) Ratings on Spain with Stable Outlook

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

Aug. 18, 2020

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

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

JCR Assigned BBB to Amp Green Project Bond Trust (Gunma) Beneficial Interest and Trust ABL

Aug. 17, 2020

JCR Assigned Preliminary AA+ Rating to Shelf Registration of NEW KANSAI INTERNATIONAL AIRPORT

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to Class A Beneficial Interest 202009

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 20-08

Aug. 14, 2020

JCR Assigned Green 1 (Preliminary Evaluation) to Investment Corporation Bonds of Canadian Solar Infrastructure Fund

JCR Assigned AAA Ratings to Bonds of African Development Bank

JCR Assigned Pre. A- to HIKARI TSUSHIN; Increase in CP Max. Amount

JCR Affirmed A/Stable, A and Preliminary A on TOBU RAILWAY

JCR Assigned AA- to Ascent Finance Limited Series 2020-1050

Aug. 13, 2020

Showa Denko Announces Business Forecasts for FY2020 - Downward Pressure on Rating Increases

JCR Upgraded Rating on TAIHEIYO CEMENT from A-/Positive and Preliminary A- to A/Stable and Preliminary A; Affirmed J-1

JCR Affirmed A/Stable, A and Preliminary A on Nisshin OilliO Group

Aug. 12, 2020

Nippon Sheet Glass' Announcement on FY2020 Q1 Financial Results - Downward Pressure on Ratings increases

JCR Assigned Preliminary A+ to Nippon Electric Glass; Affirmed A+/Stable, A+ and J-1

JCR Affirmed BBB+/Positive, BBB+ and Preliminary BBB+ on HEIWA REAL ESTATE

JCR Assigned J-1+ to Jointly Operated Designated Money Trust Z2

Aug. 11, 2020

JCR Affirmed AA- Rating on Commitment Line of PASMO