News Release

Mar. 25, 2024: JCR Provided a Second Opinion on Positive Impact Finance Provided by The Bank of Yokohama to Sanwa Kizai Holdings; JCR Provided a Second Opinion on Positive Impact Finance Provided by The Bank of Yokohama to Shinko Shoji; JCR Provided a Second Party Opinion on Sustainability Linked Loan Conducted by Shizuoka Bank to Nozue Shoten

Mar. 22, 2024: JCR Affirmed BBB+/Stable Long-term Issuer Rating on EIKEN CHEMICAL; JCR Affirmed AA+/Stable Long-term Issuer Rating on SECOM; JCR Affirmed A+/Stable FC Long-term Issuer Rating on Banco Santander; JCR Affirmed A/Stable (FC/LC) on Portuguese; JCR Assigned Preliminary A+ Rating to Subordinated Bonds of DAIWA HOUSE INDUSTRY; JCR Assigned AAA Rating to Bonds of Central Nippon Expressway; JCR Assigned Social 1 to Bonds to be Issued by Central Nippon Expressway; JCR Provided a Second Party Opinion on Sustainability Linked Loans Conducted by Daiwa House REIT Investment; JCR Provided a Second Opinion on Positive Impact Finance Provided by The Nanto Bank to Taisho; JCR Provided a Second Opinion on Positive Impact Finance Provided by THE KAGOSHIMA BANK to Hisanaga; JCR Provided a Second Opinion on Positive Impact Finance Provided by The Shoko Chukin Bank to HOKU-UN

Mar. 21, 2024: JCR Affirmed A/Stable Long-term Issuer Rating on SCREEN HD; JCR Affirmed A+/Positive and J-1 on MINEBEA MITSUMI; JCR Assigned Preliminary AA, AA- and A Ratings to Shelf Registration of Mizuho Financial Group; [ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 24-03; [ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 24-03; JCR Reviewed Green Finance Framework of INFRONEER Holdings

Mar. 19, 2024: JCR Upgraded Long-term Issuer Rating on Shibusawa Warehouse to A/Stable; JCR Upgraded Long-term Issuer Rating on Invincible Investment Corporation to A+/Stable; JCR Assigned Preliminary BBB- Rating to Subordinated Loan of ZENSHO HD; JCR Affirmed BBB on BRS Mega Solar Project Bond Trust 1 Beneficial Interest and Trust ABL

Mar. 18, 2024: JCR Affirmed A+/Stable Long-term Issuer Rating on SHIGA BANK; JCR Affirmed A/Stable Long-term Issuer Rating on ZENKOKU HOSHO; JCR Affirmed A Long-term Issuer Rating on NICHIAS; Revised Outlook to Positive; JCR Affirmed A-/Stable Long-term Issuer Rating on Seiwa Building; JCR Affirmed A+/Stable and J-1 on Takashimaya; JCR Conducted Evaluation of Conformity of Bonds Issued by Yokohama Minatomirai Railway to Green Finance Framework; Second Opinion Provided on Scheme Revision for Nishi-Nippon City Bank's Next-Generation Workstyle Support Private Placement Bonds "Miraiheno Michi"; JCR Provided a Second Opinion on Positive Impact Finance Provided by The Hokuriku Bank to F.K.Solutions

Mar. 15, 2024: JCR Affirmed A/Stable Long-term Issuer Rating on Yodogawa Christian Hospital; JCR Affirmed AAA/Stable and J-1+ on NTT DATA GROUP; JCR Affirmed A+/Stable Long-term Issuer Rating on HASEKO; JCR Assigned Preliminary AA- to Securitization of Leases Receivable from SB 202403; JCR Assigned Preliminary AA- to Securitization of Loans Receivable from SB 202403; JCR Assigned AA- to Ganymede Limited Series 2024-10; [ Asset Securitization Products ] JCR Assigned AAA to Beneficial Interest of unus202403; [ Asset Securitization Products ] JCR Assigned AA+ to Revolving Credit Card Shopping Senior Beneficial Interest; JCR Assigned Green 1(F) to Green Finance Framework of Mitsubishi UFJ Financial Group; JCR Assigned Green 1 to Joint Local Government Green Bond 2nd of Joint Green Bond issuers (Local Government); JCR Provided a Second Party Opinion on Sustainability Linked Loan Framework of The Bank of Kyoto; JCR Provided a Second Opinion on Positive Impact Finance Provided by The Shoko Chukin Bank to SANWA; JCR Provided a Second Opinion on Positive Impact Finance Provided by The Shoko Chukin Bank to MINAMI ELECTRIC; JCR Provided a Second Opinion on Positive Impact Finance Provided by The Juhachi-Shinwa Bank to matsuyamaseika; JCR Provided a Second Opinion on Positive Impact Finance Provided by San ju San Bank to Sanmausu

Mar. 14, 2024: JCR Affirmed A/Stable Long-term Issuer Rating on AIN HD; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Shiraishi Baking