News Release

Mar. 27, 2024

JCR Affirmed AA-/Stable Long-term Issuer Rating on HAMAMATSU PHOTONICS

JCR Affirmed A-/Stable and J-1 on MITSUBISHI MATERIALS

JCR Affirmed A-/Stable FC Long-term Issuer Rating on Renault

JCR Assigned Green 1 to Long-term Loan Borrowed by of Sumitomo Warehouse

JCR Provided a Second Opinion on Positive Impact Assessment Provided by Sumitomo Mitsui Trust Bank to Oji Holdings

JCR Provided a Second Opinion on Positive Impact Finance Provided by MUFG Bank to MISAWA HOMES

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

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Shoko Chukin Bank to KYOEI LOGIC SERVICE

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Hokuriku Bank to YAMAICHI SEIKO

JCR Provided a Second Opinion on Positive Impact Finance Provided by San ju San Bank to Taiyou Sangyou

JCR Provided a Second Party Opinion on Sustainability Linked Loan of Hokkaido Leasing

Mar. 26, 2024

JCR Removed Credit Monitor; Upgraded Rating on Orico Product Finance to A+; Placed Stable Outlook; Affirmed J-1

JCR Affirmed BBB/Stable Long-term Issuer Rating on BANK OF KOCHI

JCR Affirmed A-/Stable FC Long-term Issuer Rating on Lotte Capital

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

JCR Affirmed A+/Stable Long-term Issuer Rating on Hoshino Resorts REIT

JCR Assigned BBB- Rating to Subordinated Loan of ZENSHO HD

JCR Assigned AA to Long-term Issue Rating of Kaede Credit Service LLC

[ Asset Securitization Products ] JCR Affirmed J-1 on Dispensing Fees Receivable ABL Program (Nanba Pharmacy)

[ Asset Securitization Products ] JCR Affirmed BBB- on ABL 21-05

JCR Assigned Green 1(F) to Green Finance Framework of TANAKA Holdings

JCR Provided a Second Opinion on Positive Impact Finance Provided by Mizuho Bank to Mizuho Leasing

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Hokuriku Bank to KENROKU KENSETSU

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Joyo Bank to Hamakan

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Joyo Bank to Yamashina Kozai

JCR Provided a Second Opinion on Positive Impact Finance Provided by San ju San Bank to KansaiHome

Mar. 25, 2024

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

JCR Affirmed AAA/Stable Long-term Issuer Rating on Kyushu University

Change in CP Maximum Amount of SUMITOMO CHEMICAL; Affirmed J-1

JCR Affirmed A/Stable Long-term Issuer Rating on Takasago Thermal Engineering

JCR Affirmed AA/Stable FC Long-term Issuer Rating on Electricite de France S.A.

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

JCR Assigned Preliminary A+ Rating to Subordinated Bonds of JAPAN POST INSURANCE

[ Asset Securitization Products ] JCR Affirmed A on BEP Senior Beneficial Interest/ABL 202203

[ Asset Securitization Products ] JCR Affirmed A on BEP Senior Beneficial Interest/ABL 202211

JCR Conducted Evaluation of Conformity of Bonds Issued by SBI Shinsei Bank to Sustainability Finance Framework

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

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Shoko Chukin Bank to Nihon Anodizing

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Nanto Bank to NAGATANISEIKA

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Nanto Bank to SANYO SYOJI

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Nanto Bank to Ohura Precious Metal Industry

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

Mar. 13, 2024

JCR Upgraded Long-term Issuer Rating on Aica Kogyo to A+/Stable

JCR Upgraded Long-term Issuer Rating on Tosei Reit Investment Corporation to A/Stable

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

JCR Affirmed AA/Stable Long-term Issuer Rating on NITTO DENKO

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

JCR Affirmed AAA/Stable Long-term Issuer Rating on Asian Development Bank

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

[ Asset Securitization Products ] JCR Affirmed BBB and BBB- on ABL 21-09

Request for Comments on Renewal of Eligibility Criteria for Green Building and Renovation

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Kumamoto Bank to KYUSHU BIOTECH