News Release

Dec. 27, 2024

JCR Assigned AA- to Securitization of Leases Receivable from SB 202412

JCR Assigned AA- to Securitization of Loans Receivable from SB 202412

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 24-12

[ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank A Corporation Bills & Electronically Recorded Receivables ABL 24-12

NEXTAGE: Assigned Green Finance Framework Evaluation: Green 1(F)

SBI Shinsei Bank: Second Party Opinion on Green Finance Framework (Review)

The Shoko Chukin Bank: Second Party Opinion on Green Finance/Blue Finance/Social Finance/Sustainability Finance Framework (Review)

NOF CORPORATION, Mizuho Bank: Second Opinion on Positive Impact Finance

Open House Group, Mizuho Bank: Second Opinion on Positive Impact Finance

Sanoyas Holdings, The Nanto Bank: Second Opinion on Positive Impact Finance

ANDEX, The Hiroshima Bank: Second Opinion on Positive Impact Finance

DreamTown, THE KYOTO CHUO SHINKIN BANK: Second Opinion on Positive Impact Finance

Comfort Alliance, THE KYOTO CHUO SHINKIN BANK: Second Opinion on Positive Impact Finance

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

Dec. 26, 2024

JCR Affirmed BBB Long-term Issuer Rating on Toyo Logistics; Revised Outlook to Positive

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

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

JCR Affirmed A-/Stable and J-1 on Joshin Denki

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

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

JCR Affirmed A-/Stable Long-term Issuer Rating on Seto Shinkin Bank

JCR Affirmed A+/Stable Long-term Issuer Rating on Mitsubishi Chemical Group

JCR Withdraws BBB Long-term Issuer Rating on FTGroup

Industrial & Infrastructure Fund Investment Corporation: Assigned Green Finance Framework Evaluation: Green 1(F)

HEIWA REAL ESTATE, Sumitomo Mitsui Trust Bank: Second Opinion on Positive Impact Assessment

Dec. 25, 2024

JCR Affirmed A+ on LIXIL; Revised Outlook to Negative

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

JCR Affirmed A-/Stable Long-term Issuer Rating on Takeda Healthcare Foundation

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

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

JCR Affirmed A+/Stable FC Long-term Issuer Rating on Banco Santander-Chile

JCR Affirmed BBB- on JA Solar Green Project Bond Trust (Fukushima) Beneficial Interest and Trust ABL

THE KYOTO CHUO SHINKIN BANK: Second Opinion on Sustainable Deposit Framework

F holdings and Fuji foods, The Chiba Bank: Second Opinion on Positive Impact Assessment

Uki Nosan Yuso, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

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

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

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

Okayama Gas, The Chugoku Bank: Second Opinion on Positive Impact Finance

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

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

Dec. 24, 2024

NISSAN MOTOR Will Begin Talks on Business Integration with Honda—JCR Will Keep Close Eye on Outcome of Talks and Progress of Restructuring Measures

JCR Assigned AA-/Stable and J-1+ to Hokkaido Electric Power; Withdraws AA-p

JCR Affirmed BBB/Stable and J-2 on Shinsho

JCR Affirmed AA/Stable and J-1+ on Sumitomo Electric Industries

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Advance Residence Investment Corporation

JCR Affirmed A- on JPY-denominated Green Loans to AKANE 01 G.K.

JCR Affirmed A- on CSIQ Guaranteed JPY-denominated Green Structured Bond Trust - Trust ABL

Daiwa House Group: Second Party Opinion on Social Impact Real Estate Evaluation

SUMITOMO LIFE INSURANCE: Second Party Opinion on Sumisei Sustainable Finance Framework (Review)

Sumitomo Forestry, Sumitomo Mitsui Trust Bank: Second Opinion on Positive Impact Assessment

Dec. 23, 2024

Sharp's Resolution to Sell Part of Sakai Plant—If Realized, It will Support Creditworthiness to a Certain Extent

JCR Affirmed A+ Long-term Issuer Rating on Daiwa Securities Group and Daiwa Securities; Revised Outlook to Positive

JCR Affirmed A/Stable and J-1 on Japan Pulp & Paper

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on Nomura HD and Nomura Securities

JCR Affirmed AA-/Stable and J-1+ on Nomura Trust and Banking

JCR Affirmed A+/Stable Long-term Issuer Rating on Juroku Financial Group and Juroku Bank

JCR Affirmed A- on Ecology Trust Bond 1st Series Fund Trust Bonds and Trust ABL

JCR Affirmed A- on Ecology Trust Bond 2nd Series Fund Trust Bonds and Trust ABL

JCR Affirmed A- on Ecology Trust Bond 3rd Series Fund Trust Bonds and Trust ABL

JCR Affirmed A- on Ecology Trust Bond Ga 4th Series Fund Trust Bonds and Trust ABL

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 24-12

JCR Assigned A to SPIRE SA Series 2024-488

Kyoto City: Reviewed Green Bond Framework Evaluation: Green 1(F)

Dec. 20, 2024

JCR Upgraded Long-term Issuer Rating on Tokyo Electron to AA+/Stable; Affirmed J-1+ on CP

JCR Affirmed A-/Stable Long-term Issuer Rating on Southern TOHOKU Research Institute for Neuroscience

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

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

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

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 24-12

JCR Assigned AA- to Ganymede Limited Series 2024-127

JCR Assigned AA- to SPIRE SA Series 2024-380

JCR Assigned AA- to SPIRE SA Series 2024-381

JCR's view on changes to the Green Bond Framework of Ishikawa Prefecture

Mitsui Fudosan, Sumitomo Mitsui Trust Bank: Second Opinion on Positive Impact Assessment

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

Matsumoto Corporation, The Hiroshima Bank: Second Opinion on Positive Impact Finance

MIRAKURIFOS, THE SHIZUOKA BANK: Second Opinion on Positive Impact Finance

Ikeda Metal, The Nanto Bank: Second Opinion on Positive Impact Finance

Dec. 19, 2024

JCR Affirmed A/Stable Long-term Issuer Rating on KAGA ELECTRONICS

JCR Affirmed A-/Stable Long-term Issuer Rating on J-OIL MILLS

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

JCR Affirmed AA+ Rating on EMTN Program of ITOCHU

JCR Affirmed A-/Stable Long-term Issuer Rating on marimo Regional Revitalization REIT

JCR Affirmed BBB+ on TRIBAY Low Voltage Solar Power Green Project Bond Trust Trust ABL

Japan: Reviewed Climate Transition Bond Evaluation: Green 1(T)

Canadian Solar : Reviewed Green Bond Evaluation: Green 1

Gojyo Transport, The Nanto Bank: Second Opinion on Positive Impact Finance

VALOR HOLDINGS, The Norinchukin Bank: Second Opinion on Positive Impact Finance

Dec. 18, 2024

PayPay Bank's Major Shareholder Changes—No Immediate Impact on Rating

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

JCR Upgraded FC Long-term Issuer Rating on Hyundai Capital Services to AA-/Stable

JCR Upgraded Rating on Hyundai Card from A+/Positive to AA-/Stable

JCR Affirmed AA- FC Long-term Issuer Rating on ESR Group; Revised Outlook to Negative

JCR Affirmed A+ Long-term Issuer Rating on Chuo-Nittochi Private REIT; Revised Outlook to Positive

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

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

JCR Withdraws B+ Long-term Issuer Rating on Toho Zinc