News Release

May. 31, 2024

JCR Provided a Second Opinion to Positive Impact Finance Provided by 33 Bank to DAISEI CENTLEX

JCR Provided a Second Opinion to Positive Impact Finance Provided by THE HOKURIKU BANK to TOBA

JCR Provided a Second Opinion to Positive Impact Finance Provided by THE BANK OF FUKUOKA to Tobatakousan

May. 30, 2024

JCR Upgraded Long-term Issuer Rating on ACOM to AA-/Stable

JCR Downgraded Long-term Issuer Rating on Yamagata Bank to A/Stable

JCR Affirmed BBB+ Long-term Issuer Rating on TOMY; Revised Outlook to Positive

JCR Assigned Preliminary A- Rating to Subordinated Bonds of TOKAI CARBON

JCR Assigned A Rating to Bonds of OKAMURA

JCR Assigned AAA Rating to Bonds of NTT FINANCE

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 24-05

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 24-05 (D Hospital)

JCR Assigned AA- to SPIRE SA Series 2024-142

JCR Provided Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to ECH

May. 29, 2024

ASAHI KASEI Decided to Acquire Swedish Pharmaceutical Company—No Immediate Impact on Rating

JCR Affirmed A/Stable Long-term Issuer Rating on KONICA MINOLTA

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

JCR Affirmed A+/Stable Long-term Issuer Rating on Tokyo Tatemono Private REIT

JCR Affirmed AA-/Stable Long-term Issuer Rating on TOKYU REIT

JCR Assigned Preliminary A+ Rating to Shelf Registration of SUMITOMO CHEMICAL

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to FUKUTOKU-SANGYO

JCR Provided a Post-execution Verification Report to Sustainability Linked Loan executed by Diamond Electric Holdings

May. 28, 2024

ESR Group Limited is evaluating a proposal for privatization – JCR will monitor the buy-out scheme and its financial impacts

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

JCR's Rating Review of City Gas Companies

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

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Assigned Green 1(T) to the 10-year Japan Climate Transition Bonds (2nd)

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Marukyo Agriculture Network

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Chugoku Bank to Smart Resource

May. 27, 2024

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Nanto Bank to Nihon Chuo Juhan

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Kawamura Syouten

May. 24, 2024

JCR Assigned A+/Stable Long-term Issuer Rating to TOKAI CARBON

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

JCR Affirmed AAAp/Stable Long-term Issuer Rating on European Bank for Reconstruction and Development

JCR Assigned AA Rating to Bonds of Mitsui Fudosan

JCR Assigned AA- Rating to Bonds of Mizuho Leasing

JCR Assigned Preliminary A Rating to eDirect Trust NF1

JCR Assigned AA- to Ganymede Limited Series 2024-44

JCR Reviewed Green Financing Framework of Samty Residential Investment

JCR Reviewed Sustainability Finance Framework by Tokyu Fudosan Holdings

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Kumamoto Bank to daifuku-consultant

May. 23, 2024

Mitsui E&S Announces Revisions to FY2024 Financial Results Forecasts—Positive Impact on Rating

JCR Affirmed AA- Long-term Issuer Rating on Coca-Cola Bottlers Japan HD; Revised Outlook to Stable

JCR Affirmed AA-/Stable Long-term Issuer Rating on KURARAY

Change in CP Maximum Amount of IWATANI; Affirmed J-1

JCR Affirmed AA/Stable (FC) and AA+/Stable (LC) on Korea Electric Power

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned A+ Rating to Bonds of JA MITSUI LEASING

JCR Assigned AA Rating to Bonds of Mitsubishi HC Capital

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned AA- Rating to Bonds of KKR Group Finance Co. XI LLC

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 24-05

JCR Assigned AA Rating to Libra A Limited Series C082

JCR Assigned Green 1 to 106th corporate Bonds to be Issued by Central Nippon Expressway

JCR Provided a Second Party Opinion on Sustainability Linked Loan Framework of JTB

May. 22, 2024

JCR Assigned AA-/Stable Long-term Issuer Rating to Nitori HD

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Sankyo Tateyama

JCR Affirmed AA/Stable Long-term Issuer Rating on Hachijuni Bank and NAGANOBANK

JCR Assigned AAA Rating to Bonds of Japan Bank for International Cooperation

JCR Assigned AAA Rating to Bonds of Japan Student Services Organization

JCR Assigned AA Rating to Bonds of GLP J-REIT

JCR Assigned Preliminary A+ Rating to Shelf Registration of FUJI ELECTRIC

[ Asset Securitization Products ] JCR Assigned Preliminary AAA and AA- to REIT2024-001 Beneficial Interest

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 24-05

JCR Assigned A Rating to Cypher Limited Series 10045

JCR Assigned A- Rating to Sylph Limited Series 10253

May. 21, 2024

JCR Affirmed A Long-term Issuer Rating on Samty Residential Investment Corporation; Revised Outlook to Positive

JCR Affirmed A/Stable and J-1 on Tokyo Tatemono

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on DL Life Partner REIT

JCR Assigned AA- Rating to Bonds of SoftBank

JCR Assigned AA- to SPIRE SA Series 2024-201

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Aso Highland Development Company

May. 20, 2024

JCR Affirmed AA/Stable and J-1+ on Kyoei Fire and Marine Insurance

JCR Affirmed A-/Stable and J-1 on Kyoto Shinkin Bank

JCR Assigned Preliminary A+ Rating to Shelf Registration of SCSK

May. 17, 2024

Nippon Life Insurance Invests in a US Life Insurer—No Immediate Impact on Rating

JCR Affirmed AAAp/Stable Long-term Issuer Rating on Shin-Etsu Chemical

JCR Affirmed AA+/Stable Long-term Issuer Rating on NARITA INTERNATIONAL AIRPORT

JCR Affirmed AA-/Stable (FC/LC) on Chile

JCR Assigned AA Rating to Bonds of Kansai Electric Power

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

JCR Assigned A Rating to Bonds of Japan Airlines

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Assigned Preliminary AA Rating to Shelf Registration of ASAHI KASEI

JCR Assigned A to SPIRE SA Series 2024-228

JCR Assigned AA- to Ganymede Limited Series 2024-42

May. 16, 2024

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Affirmed A+/Stable Long-term Issuer Rating on Hiroshimashi Credit Cooperative

JCR Affirmed A+ on EMTN of Mitsui O.S.K. Lines

JCR Assigned AA to Libra A Limited Series C085-1

May. 15, 2024

JCR Downgraded Long-term Issuer Rating on Sharp to BB-/Negative

JCR Assigned AA- Rating to Bonds of RICOH LEASING

JCR Affirmed AA/Stable (FC) and AA+/Stable (LC) on Korea

JCR Assigned AA- to Sylph Limited Series 60168

JCR Assigned AA- to Sylph Limited Series 60169

May. 14, 2024

Aozora Bank Forms Capital and Business Alliance with Daiwa Securities Group—Easing Downward Pressure on Rating

Sanken Electric Posted Net loss for FY2023 - No Immediate Impact on Rating

May. 13, 2024

erex Announces Issuance of New Shares through Third-party Allotment—Easing Downward Pressure on Rating

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