News Release

Aug. 30, 2024

[ Asset Securitization Products ] JCR Assigned J-1 to PERCS-C

JCR Assigned J-1 to Power Trust Neo ES-CON JAPAN

[ Asset Securitization Products ] JCR Affirmed BBB- Rating on ABL 22-06

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

JCR Withdraws BBB- Long-term Issuer Rating on KISOJI

Request for Comments on Green Equity Evaluation Methodology for Real Estate Investment Corporation

Osaka Metro: Assigned Sustainability Finance Framework Evaluation: SU 1(F)

Broadia Private REIT: Reviewed Green Finance Framework Evaluation: Green 1(F)

Japan Hotel REIT Investment Corporation: Reviewed Green Finance Framework Evaluation: Green 1(F)

NIPPON THOMPSON: Pre-issuance Verification Report on Sustainability Linked Bond

MITSUBISHI MATERIALS: Second Party Opinion on Transition Linked Finance Framework (Review)

Astaff, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Creer, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Neo・Emotion, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Susachip Kogyo, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

SUMIDA BYORA SEISAKUSHO, The Nanto Bank: Second Opinion on Positive Impact Finance

TECHNO POLYMER, The Joyo Bank: Second Opinion on Positive Impact Finance

SANWA KAGAKU, THE SHIZUOKA BANK: Second Opinion on Positive Impact Finance

PSYS, THE SHIMIZU BANK: Second Opinion on Positive Impact Finance

WEST COAST, THE SHIMIZU BANK: Second Opinion on Positive Impact Finance

KMT, The Juhachi-Shinwa Bank: Second Opinion on Positive Impact Finance

SANO, Hamamatsu Iwata Shinkin Bank: Second Opinion on Positive Impact Finance

Aug. 29, 2024

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

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

JCR Assigned A+ Rating to Bonds of NSK

JCR Assigned AA- Rating to Bonds (Tier 2 with loss absorption clause) of Sumitomo Mitsui Trust HD

JCR Assigned AA- Rating to Bonds of Slovenia

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 24-08

JCR Assigned AA Rating to Libra A Limited Series C089

Mizuho Leasing: Post-issuance Verification Report on Sustainability Linked Bond (Bonds no. 22)

Aug. 28, 2024

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

SHIMIZU PRIVATE REIT: Reviewed Green Finance Framework Evaluation: Green 1(F)

Aug. 27, 2024

JCR Upgraded Long-term Issuer Rating on Hankyu Hanshin HD to AA/Stable; Affirmed J-1+ on CP

JCR Upgraded Long-term Issuer Rating on Nankai Electric Railway to A/Stable; Affirmed J-1 on CP

JCR Affirmed A- and J-1 on VALOR HD; Revised Outlook to Positive

JCR Affirmed A/Stable Long-term Issuer Rating on TOHO HD

JCR Affirmed A-/Stable and J-1 on NIPRO

JCR Affirmed BBB+/Stable Long-term Issuer Rating on FIDEA HD, SHONAI BANK and Hokuto Bank

JCR Assigned AA- Rating to Bonds of Mizuho Leasing

[ Asset Securitization Products ] JCR Assigned A to Senior Beneficial Interest 7931601 Series 8

[ Asset Securitization Products ] JCR Affirmed A on Senior Beneficial Interest 7931601 Series 1, 2, 3, 4, 5, 6 and 7

Aug. 26, 2024

JCR Affirmed A-/Stable Long-term Issuer Rating on Japan Medical Alliance

JCR Affirmed A-/Stable and J-1 on Daio Paper

JCR Affirmed BBB+/Stable Long-term Issuer Rating on DAIKI ALUMINIUM INDUSTRY

JCR Affirmed AA-/Stable and J-1+ on Meiji HD

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

JCR Affirmed BBB on Daiwa Green Finance Program Beneficial Interest and Trust ABL (Kumamoto Kikuchi Solar Power Plant)

JACCS: Reviewed Green Finance Framework Evaluation: Green 1(F)

GS Yuasa Corporation: Second Party Opinion on Sustainability Linked Finance Framework

Kentech, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan

IMAHASHI SEISAKUSYO, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan

SHiOYA UNiTEC, The Joyo Bank: Second Opinion on Positive Impact Finance

GLOBAL HOLDINGS , The Yamanashi Chuo Bank: Second Opinion on Positive Impact Finance

Aug. 23, 2024

JCR Upgraded Long-term Issuer Rating on Mori Trust HD to AA/Stable; Affirmed J-1+ on CP

JCR Affirmed A/Stable and J-1 on GS Yuasa

JCR Affirmed A/Stable Long-term Issuer Rating on Nisshin OilliO Group

JCR Affirmed A/Stable Long-term Issuer Rating on TOMONY HD, TOKUSHIMA TAISHO BANK and KAGAWA BANK

JCR Affirmed AA-/Stable Long-term Issuer Rating on Global One Real Estate Investment Corporation

JCR Assigned A+ Rating to Bonds of KUREHA

JCR Assigned A+ Rating to Bonds of JA MITSUI LEASING

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Assigned Preliminary A Rating to Shelf Registration of Tokyo Tatemono

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

JCR Assigned Preliminary AA Rating to Shelf Registration of Sumitomo Mitsui Trust Panasonic Finance

Aug. 22, 2024

JCR Upgraded Long-term Issuer Rating on TAIHEIYO CEMENT to A+/Stable; Affirmed J-1 on CP

JCR Affirmed BBB Long-term Issuer Rating on KYORITSU MAINTENANCE; Revised Outlook to Positive

JCR Affirmed AA- and J-1+ on Mitsubishi Heavy Industries; Revised Outlook to Positive

JCR Affirmed AA-/Stable and J-1+ on SoftBank

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

JCR Affirmed A/Stable and J-1 on HEIWADO

JCR Affirmed AAA/Stable (FC/LC) on Canada

JCR Assigned AA Rating to Bonds of ORIENTAL LAND

JCR Assigned A- Rating to Bonds of Mexico

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

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 24-08

DREAM Private REIT: Reviewed Green Finance Framework Evaluation: Green 1(F)

MUSASHI corporation, THE SAITAMAKEN SHINKIN BANK: Second Opinion on Positive Impact Finance

Aug. 21, 2024

JCR Assigned BBB+/Stable (FC/LC) to Housing and Urban Development Corporation

JCR Affirmed A/Stable Long-term Issuer Rating on Anicom HD and Anicom Insurance

JCR Assigned AAA Rating to Bonds of Japan Student Services Organization

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 24-08

Frontier Real Estate Investment Corporation: Reviewed of Green Finance Framework Evaluation: Green 1(F)

Aug. 20, 2024

JCR Affirmed A+/Stable and J-1 on Nomura Real Estate HD

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Central Tanshi FX

JCR Assigned BBB- Rating to Subordinated Loan of Restar

JCR Assigned Preliminary AA Rating to Shelf Registration of Sumitomo Mitsui Finance and Leasing

JCR Assigned Preliminary AA- to Sumitomo Mitsui Trust Bank Trust ABL Program

Aug. 19, 2024

JCR Affirmed A+/Stable and J-1 on IWATANI

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

JCR Assigned Preliminary A Rating to Subordinated Bonds of Fuyo General Lease

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

JCR Assigned Preliminary AA- Rating to Shelf Registration of LY Corporation

JCR Assigned BBB+ to Clean Energy Connect Non-FIT Virtual PPA Low-voltage Solar Power Plant Green Project Bond Trust 2024 Trust ABL

JCR Assigned AA- Rating to SPIRE SA Series 2024-338

JCR Assigned A- Rating to Earls Eight Limited Series 859

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 24-08 (D Hospital)

Fuyo General Lease: Reviewed SU 1(F) to Sustainability Finance Framework /
Second Party Opinion on Sustainability Linked Finance Framework

Celan Energy Connect: Assigned Green 1 to Green Loan

NTT TC Leasing: Reviewed Green 1(F) to Green Finance Framework

The Bank of Kyoto: Second Party Opinion on Sustainable Deposit Framework