News Release

Nov. 25, 2024

JCR Affirmed AAA/Stable Long-term Issuer Rating on National University Corporation, the University of Tokyo

JCR Affirmed A-/Stable and J-1 on Mitsubishi Electric Financial Solutions

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

Technical Company: SME Rating: aaa

Nov. 22, 2024

Shoko Chukin Bank Acquires Its Government-owned Shares—JCR Will Confirm Probability of Recovery of Capital Level

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

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Shinkin Central Bank

JCR Affirmed AA-/Stable Long-term Issuer Rating on Shinkin Guarantee Fund

JCR Affirmed AA/Stable Long-term Issuer Rating on Shinkin Securities

JCR Assigned BBB+ Rating to Bonds of Kanagawa Chuo Kotsu

JCR Assigned A- Rating to Bonds of COSMO ENERGY HD

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned A+ Rating to Bonds of Nagoya Railroad

JCR Assigned A Rating to Bonds of Mitsui Mining and Smelting

Hulic Real Estate Investment Advisors: Assigned Green Loan Framework Evaluation: Green 1(F)

Takara Leben Real Estate Investment Corporation: Reviewed Green Finance Framework Evaluation: Green 1(F)

Nov. 21, 2024

JCR Assigned A-/Stable Long-term Issuer Rating to SEIKA

JCR Upgraded Long-term Issuer Rating on Konoike Transport to A/Stable; Affirmed J-1 on CP

JCR Affirmed A/Stable Long-term Issuer Rating on Nishimatsu Construction

JCR Affirmed A/Stable and J-1 on HANWA

JCR Affirmed AA/Stable Long-term Issuer Rating on Industrial & Infrastructure Fund Investment Corporation

JCR Assigned A Rating to Bonds of Kobe Steel

JCR Assigned AAA Rating to Bonds of Hokkaido University

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned A Rating to Bonds of Poland

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 24-11

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 24-11

Nov. 20, 2024

JCR Assigned A-/Stable Long-term Issuer Rating to SWCC

JCR Affirmed BBB+/Stable Long-term Issuer Rating on ARAKAWA CHEMICAL INDUSTRIES

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Iyogin HD and IYO Bank

Joint Green Bond issuers (Local Governments): Assigned Green 1 to Joint Local Government Green Bond 3rd

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

Nov. 19, 2024

JCR Affirmed A/Stable Long-term Issuer Rating on Ezaki Glico

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

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on Daiwa House Global REIT

JCR Assigned AA Rating to Bonds of MORI HILLS REIT INVESTMENT CORPORATION

JCR Assigned A- to Sylph Limited Series 10282

JCR Assigned Preliminary AA- to Jointly Operated Designated Money Trust LY Over 1Y

JCR Assigned #A/Negative to eDirect Trust NF2

Nov. 18, 2024

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

JCR Affirmed A+/Stable Long-term Issuer Rating on TIS and INTEC

JCR Affirmed AA/Stable and J-1+ on NIPPON STEEL TRADING

JCR Affirmed AA-/Stable Long-term Issuer Rating on NIPPON STEEL ENGINEERING

JCR Affirmed A-/Stable Long-term Issuer Rating on Nippon Light Metal HD

[ Asset Securitization Products ] JCR Affirmed A on US real estate secured loan securitization 2023

Hankyu Hanshin REIT: Reviewed Green Finance Framework Evaluation: Green 1(F)

Nov. 15, 2024

Change in Major Shareholders of Sumitomo Mitsui Trust Loan & Finance—JCR Will Focus on Management Structure, Joint Venture Shape, etc.

JCR Affirmed A-/Stable Long-term Issuer Rating on PACIFIC INDUSTRIAL

JCR Affirmed AAA/Stable Long-term Issuer Rating on National University Corporation Tohoku University

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

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

JCR Affirmed BBB+/Stable FC Long-term Issuer Rating on Leonteq Securities

JCR Assigned AA- Rating to Bonds of POCKET CARD

JCR Assigned A+ Rating to Bonds of Star Asia Investment Corporation

KAMAYA, San ju San Bank: Second Opinion on Positive Impact Finance

Nov. 14, 2024

TOKYU LAND Announces Commencement of Tender Offer for Shares of Renewable Japan - No Impact on Rating of Tokyu Fudosan HD

Rakuten Group Announces Strategic Capital and Business Alliance between Rakuten Card and Mizuho Financial Group - Certain Positive Financial Effects

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

JCR Affirmed BBB+/Stable (FC) on Acciona and BBB+ on Bonds of Acciona Financiacion Filiales

JCR Assigned A- Rating to Bonds of African Export-Import Bank

Nov. 13, 2024

JCR Upgraded Rating on Sanwa HD to AA-/Stable and J-1+

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

JCR Affirmed AAA/Stable Long-term Issuer Rating on Arab Bank for Economic Development in Africa

JCR Placed eDirect Trust NF1 under Credit Monitor #A/Negative

JCR Placed eDirect Trust NF2 under Credit Monitor Preliminary #A/Negative

JCR Placed Ganymede Limited Series 2023-83 under Credit Monitor #A/Negative

JCR Assigned A- to Libra A Limited Series C101

Japan Logistics Fund: Reviewed Green Finance Framework Evaluation: Green 1(F)

Nomura Real Estate Master Fund: Second Party Opinion on Sustainability Linked Finance Framework

Nov. 12, 2024

Sumitomo Mitsui Construction Revises FY2024 Earnings Forecast—Financial Resilience Will Decline, Putting Greater Downward Pressure on the Rating

JCR Upgraded Long-term Issuer Rating on NIPPON REIT Investment Corporation to AA-/Stable

JCR Affirmed BBB+/Stable Long-term Issuer Rating on HARIMA CHEMICALS GROUP

JCR Affirmed A-/Stable and J-1 on ASAHI SHINKIN BANK

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

JCR Assigned AAA Rating to Bonds of NTT TC Leasing

JCR Assigned A Rating to Bonds of Starts Proceed Investment Corporation

JCR Assigned A- to SPIRE SA Series 2024-388

Fuyo General Lease: Post-issuance Verification Report on Sustainability Linked Bond

Nov. 11, 2024

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Kanagawa Chuo Kotsu

JCR Affirmed AA-/Stable and J-1+ on Odakyu Electric Railway

Results of Review of Structured Finance Products (Excluding Those to Which Credit Ratings Are Assigned) October 2024

Nov. 08, 2024

JCR Placed Rating on NISSAN MOTOR under Credit Monitor #A/Negative

JCR Placed Rating on NISSAN FINANCIAL SERVICES under Credit Monitor #A/Negative

JCR Assigned A/Stable Long-term Issuer Rating to Open Up Group

JCR Assigned Preliminary A+ Rating to Subordinated Bonds of Tokyo Century

JCR Assigned Preliminary AA- Rating to Shelf Registration of JERA

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

Nov. 07, 2024

SCSK Commences Tender Offer for Net One Systems—No Immediate Impact on Rating

JCR Affirmed AA/Stable (FC/LC) on Mapletree Investments

JCR Removed Credit Monitor; Affirmed BBB on Amp Green Project Bond Trust (Miyazaki) Trust ABL

JTEKT: Second Party Opinion on Sustainability Linked Finance Framework

Nov. 06, 2024

JCR Affirmed AA/Stable Long-term Issuer Rating on Marubeni Private Real Estate Investment Trust

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

JCR Affirmed A+ Long-term Issuer Rating on ES-CON JAPAN; Revised Outlook to Positive

[ Asset Securitization Products ] JCR Upgraded Class B Senior Beneficial Interest of DFC Beneficiary Interest 202106 to A-; Affirmed AAA on Class A1 and A2 Senior Beneficial Interest