News Release

Jul. 23, 2024

JCR Affirmed A/Stable and J-1 on Tokyo Electric Power Company HD; Affirmed A/Stable Long-term Issuer Rating on TEPCO Power Grid, TEPCO Renewable Power and TEPCO Energy Partner

JCR Affirmed AA/Stable Long-term Issuer Rating on AEON REIT Investment Corporation

JCR Assigned Preliminary A+ Rating to Shelf Registration of Daiwa Securities Group

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 24-07

JCR Assigned Green 1(F) to Green Bond Framework of KUREHA

Jul. 22, 2024

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

JCR Affirmed AAA/Stable FC Long-term Issuer Rating on Quebec

JCR Reviewed Green Finance Framework of NIPPON ACCOMMODATIONS FUND

JCR Reviewed Green Loan Framework of Mitsui & Co., Private REIT

Jul. 19, 2024

JCR Affirmed A Long-term Issuer Rating on Takara Leben Real Estate Investment Corporation; Revised Outlook to Positive

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

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

JCR Assigned BBB+ Rating to Bonds of Kintetsu Group HD

JCR Assigned A+ Rating to Bonds of YOKOHAMA MINATOMIRAI RAILWAY

JCR Assigned A- Rating to Bonds of GMO internet group

JCR Assigned AA+ Rating to Bonds of DAIKIN INDUSTRIES

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

[ Asset Securitization Products ] JCR Assigned Preliminary A to Commitment Line of Trust ABCL (7346)

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

JCR Reviewed Sustainability Finance Framework by United Urban Investment

JCR Withdraws BBB Long-term Issuer Rating on Scroll

Jul. 18, 2024

JCR Affirmed BBB+/Stable and J-2 on Daiei Real Estate & Development

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

JCR Assigned A Rating to Bonds of KYUSHU LEASING SERVICE

JCR Assigned J-1 to eDirect Trust N4

JCR Assigned Green 1(T) to the 5-year Japan Climate Transition Bonds (2nd)

Jul. 17, 2024

JCR Removed Credit Monitor; Downgraded Rating on NAGATANIEN HD to BBB; Placed Stable Outlook

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

JCR Affirmed A-/Stable and J-1 on NIPPON STEEL KOWA REAL ESTATE

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to Beneficial Interest 202407

Jul. 16, 2024

JCR Downgraded FC Long-term Issuer Rating on Energy Absolute from BBB to #B/Negative; Placed Rating under Credit Monitor Negative

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

JCR's Rating Review of Money Market Brokers

JCR Affirmed A/Stable and J-1 on Central Tanshi

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

JCR Affirmed A/Stable and J-1 on Ueda Yagi Tanshi

JCR Affirmed A+/Stable Long-term Issuer Rating on Healthcare & Medical Investment Corporation

JCR Affirmed A on Ascent Finance Limited Series 2022-1006

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Nishi-Nippon City Bank to YODO-KOGYO

JCR Reviewed Green Financing Framework of Star Asia Investment

Jul. 12, 2024

NEC Capital Solutions Forms Business Alliance with SBI Shinsei Bank Group—JCR Will Focus on Future Synergy Effects and Other Developments

JCR's Rating Review of Four Expressway Companies and Rating Assignment to Hanshin Expressway

JCR Upgraded Rating on UACJ to A-/Stable and J-1

JCR Affirmed A/Stable and J-1 on DIC

JCR's Rating Review of Major Non-Life Insurance Groups

JCR Affirmed AAA/Stable Long-term Issuer Rating on Tokio Marine HD; Affirmed AAA/Stable and J-1+ on Tokio Marine & Nichido Fire Insurance

JCR Affirmed AA+/Stable Long-term Issuer Rating on Sompo HD; Affirmed AA+/Stable and J-1+ on Sompo Japan Insurance

JCR Affirmed AA+/Stable on MS&AD Insurance Group HD; Affirmed AA+/Stable and J-1+ on Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance

JCR Affirmed A+/Stable (FC) on NatWest Group and AA-/Stable (FC) on National Westminster Bank and NatWest Market

JCR Affirmed A-/Stable Long-term Issuer Rating on African Export-Import Bank

JCR Assigned A- Rating to Bonds of ASAHI BROADCASTING GROUP HD

JCR Assigned A- Rating to Preferred Shares of INFRONEER HD

JCR Assigned A+ Rating to Bonds of ES-CON JAPAN

JCR Assigned AA+ Rating to Bonds of JAPAN POST HD

JCR Assigned AA Rating to Bonds of Marubeni

JCR Assigned AA Rating to Bonds of Nomura Real Estate Master Fund

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

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

JCR Assigned AA Rating to Bonds of Sumitomo Mitsui Trust Bank

JCR Assigned Preliminary A+ Rating to Shelf Registration of NICHIREI

JCR Assigned Green 1 (T)(F) to Transition Bond Framework of Development Bank of Japan

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

Jul. 11, 2024

ORIX to Issue Subordinated Bonds—Equity Content at "Medium" or "50" (Against 100 of a Stock)

JCR Assigned A/Stable (FC/LC) to Hongkong and Shanghai Hotels

JCR Affirmed AA+p on Astellas Pharma; Revised Outlook to Negative

JCR Affirmed AA+/Stable Long-term Issuer Rating on DAIKIN INDUSTRIES

JCR Assigned A Rating to Bonds of Sumitomo Osaka Cement

JCR Assigned A+ Rating to Bonds of Orient Corporation

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Assigned AA Rating to Libra A Limited Series C075

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Hokkaido Bank to HOK-SHA Car Transport

Jul. 10, 2024

JCR Affirmed BB+/Stable Long-term Issuer Rating on YAMADA SERVICER SYNTHETIC OFFICE

JCR Affirmed S3 Special Servicer Rating on YAMADA SERVICER SYNTHETIC OFFICE

JCR Assigned AA+ Rating to Bonds of NEW KANSAI INTERNATIONAL AIRPORT

JCR Assigned A to Departure Limited Series 402

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Nishi-Nippon City Bank to GREENER

Jul. 09, 2024

JCR Affirmed AAA/Stable Long-term Issuer Rating on Central Japan Railway

JCR Assigned A Rating to Subordinated Loan of Takeda Pharmaceutical

JCR Assigned A+ Rating to Bonds of PERSOL HD

JCR Assigned AA- Rating to Bonds of Japan Excellent

JCR Reviewed Sustainability Finance Framework by Chiba City

Jul. 08, 2024

JCR Placed Rating on Amp Green Project Bond Trust (Miyazaki) Trust ABL under Credit Monitor #BBB/Negative

JCR Assigned A/Stable Long-term Issuer Rating to LIFE CORPORATION

JCR Affirmed A- Long-term Issuer Rating on HOKUTO; Revised Outlook to Stable

JCR Affirmed AA Rating on Bonds of Egypt

JCR Affirmed AA-/Stable Long-term Issuer Rating on Daiwa Residential Private Investment Corporation

Jul. 05, 2024

JCR Affirmed A/Positive Long-term Issuer Rating on OSG

JCR Affirmed A/Stable and J-1 on PENTA-OCEAN CONSTRUCTION

JCR Affirmed BBB+/Negative Long-term Issuer Rating on Sumitomo Mitsui Construction

JCR Affirmed A+/Stable and J-1 on Yokohama Rubber

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

JCR Affirmed AAA/AAA (FC/LC) Ratings on Belgium with Stable Outlook

JCR Assigned AA Rating to Bonds of Kansai Electric Power

JCR Assigned AA- Rating to Bonds of Hankyu Hanshin HD

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned AA- Rating to Bonds of MORI BUILDING

JCR Assigned A+ Rating to Bonds of LIXIL

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned Preliminary A Rating to Shelf Registration of Kobe Steel

JCR Assigned Preliminary A Rating to Shelf Registration of Sumitomo Riko