News Release

Nov. 28, 2024

JCR Affirmed AA-/Stable and J-1+ on LY Corporation

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

JCR Affirmed AA-/Stable and J-1+ on PayPay Card

JCR Affirmed A-/Stable (FC) and A/Stable (LC) on Oriental Republic of Uruguay

JCR Affirmed A+/Stable (FC) and AA-/Stable (LC) on Malaysia

JCR Assigned AA- Rating to Bonds of JFE HD

JCR Assigned Preliminary A Rating to Shelf Registration of Sojitz

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

[ Asset Securitization Products ] JCR Upgraded SPIRE SA Series 2020-269 to AA

[ Asset Securitization Products ] JCR Upgraded Elva Funding PLC Series 2021-16, 2021-21 and 2021-26 to AA

[ Asset Securitization Products ] JCR Upgraded Elva Funding PLC Series 2022-01 to AA

JCR Upgraded Elva Funding PLC Series 2021-11, 2021-27 and 2024-01 to AA

JCR Upgraded SPACE VIII Limited Series 2021-04 to AA

Chugin Financial Group: Assigned Sustainability Bond Framework Evaluation: SU 1(F)

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

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

Nov. 27, 2024

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

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

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Premium Water HD

JCR Assigned AA Rating to Bonds of ASAHI KASEI

JCR Assigned A Rating to Bonds of UBE

JCR Assigned A Rating to Bonds of SoftBank Group

JCR Assigned A- Rating to Bonds of Mazda Motor

JCR Assigned AA- Rating to Bonds of Fuyo General Lease

Nov. 26, 2024

Niterra Acquires Toshiba Materials—JCR will Watch for Synergy Effects and Impact on Earnings and Financials

JCR Affirmed A- FC Long-term Issuer Rating on FORVIA; Revised Outlook to Negative

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Jimoto HD, Kirayaka Bank and SENDAI BANK

JCR Affirmed A-/Stable Long-term Issuer Rating on GIFU SHINKIN BANK

JCR Affirmed AA-/Stable and J-1+ on Sumitomo Mitsui Auto Service

JCR Assigned A+ Rating to Bonds of Orient Corporation

JCR Affirmed AA-/Stable (FC) and AA/Stable (LC) on China

JCR Affirmed AA- Rating on Ascent Finance Limited-Linked Notes

JCR Affirmed AA- on Ascent Finance Limited Credit-Linked Notes

JCR Affirmed A+ Rating on Ascent Finance Limited Series 2022-1015 and 2022-1049

JCR Affirmed A Rating on Ascent Finance Limited Series 2023-1021

JCR Affirmed A on Ascent Finance Limited Series 2019-1020 and 2019-1033

JCR Affirmed A+ Rating on Landmark Capital S.A. Series 2018-65

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

EXEO Group: Reviewed Green Bond Evaluation: Green 1

Mr.Dream, The Yamanashi Chuo Bank: Second Opinion on Positive Impact Finance

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