News Release

Apr. 22, 2024

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

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

JCR Provided a Second Opinion to Positive Impact Finance Framework of The Nanto Bank

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Hokkaido Bank to Matsubarasangyo

Apr. 19, 2024

JCR Assigned A-/Stable Long-term Issuer Rating to IMPERIAL HOTEL

JCR Assigned A-/Stable FC Long-term Issuer Rating to TF International Securities Group

JCR Affirmed BBB Long-term Issuer Rating on TOTTORI BANK; Revised Outlook to Positive

JCR Affirmed BBB-/Negative Long-term Issuer Rating on NIPPON CHEMI-CON

JCR Affirmed AA-/Stable Long-term Issuer Rating on Maruichi Steel Tube

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

JCR Assigned A Rating to Bonds of Kobe Steel

JCR Assigned A Rating to Bonds of SoftBank Group

JCR Assigned A Rating to Bonds of Tokyo Tatemono

JCR Assigned AA- Rating to Bonds of Marubeni

JCR Assigned AA- Rating to Bonds of Fuyo General Lease

JCR Assigned A to SPIRE SA Series 2024-181

JCR Provided a Second Party Opinion on Sustainability Linked Loan Conducted by The Bank of Kyoto to OZO kagakugiken

Apr. 18, 2024

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

JCR Affirmed AA-/Stable and J-1+ on Asahi Group HD

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned Preliminary A Rating to Shelf Registration of KYUSHU LEASING SERVICE

JCR Affirmed J-1 on Power Trust Neo SoftBank Group

JCR Upgraded ZEST Investments B Series 1508-B01, 1511-B01, 1601-B03, 1602-B01, 1602-B02, 1603-B01, 1605-B01 and 1605-B02 to A

JCR Upgraded Nomura Trust and Banking Series 125, 132, 134, 136 and 146 Unsecured Trust Bond to A

JCR Upgraded Loans for Nomura Trust and Banking Trust Account 1169041 and 1169045 to A

JCR Upgraded Mirach Limited Series 1910-M01 and 1910-M02 to A

JCR Upgraded Ascent Finance Limited Series 2019-1020 and 2019-1033 to A

[ Asset Securitization Products ] JCR Upgraded Ganymede Limited Series 2023-6 to A

JCR Upgraded Ganymede Limited Series 2023-47 to A

Apr. 17, 2024

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

JCR Affirmed A+ Long-term Issuer Rating on Keisei Electric Railway; Revised Outlook to Positive

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

Apr. 16, 2024

JCR Affirmed A-/Stable Long-term Issuer Rating on Tokyo Kiraboshi Financial Group and Kiraboshi Bank

JCR Affirmed AA/Stable Long-term Issuer Rating on Sekisui House Reit

JCR Assigned AA- to Commitment Line of PASMO

JCR Assigned #A+/Nagative to Azusa Limited Series 516

[ Asset Securitization Products ] JCR Affirmed AAA on JHF-guaranteed RMBS ABL Program and RMBS ABL Program (00013881)

Apr. 15, 2024

JCR Affirmed A-/Stable Long-term Issuer Rating on Nittetsu Mining

JCR Assigned Preliminary A Rating to Subordinated Bonds of Takeda Pharmaceutical

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to ota-mokuzai

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

Apr. 12, 2024

JCR Assigned A+/Stable (FC/LC) to NWS HD

JCR Assigned AA+ Rating to Bonds of ITOCHU

JCR Assigned A+ Rating to Bonds of SUMITOMO HEAVY INDUSTRIES

JCR Assigned A+ Rating to Subordinated Bonds of DAIWA HOUSE INDUSTRY

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned A+ Rating to Bonds of HIKARI TSUSHIN

JCR Assigned AA- Rating to Bonds of Hulic

JCR Assigned A Rating to Bonds (Tier 1 with loss absorption clause) of Mizuho Financial Group

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

JCR Assigned AA Rating to Bonds of Sumitomo Mitsui Trust Panasonic Finance

JCR Assigned Preliminary A- Rating to Shelf Registration of ANA HD

JCR Assigned Preliminary AA Rating to Shelf Registration of Mitsui Fudosan

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Yamanashi Chuo Bank to SAN.foods

Apr. 11, 2024

JCR Assigned A-/Stable (FC/LC) to Daewoo Engineering & Construction

JCR Upgraded Long-term Issuer Rating on SoftBank Group to A/Stable; Affirmed J-1

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

JCR Affirmed A Long-term Issuer Rating on NISSAN FINANCIAL SERVICES; Revised Outlook to Positive

JCR Affirmed A+/Stable Long-term Issuer Rating on SUMITOMO HEAVY INDUSTRIES

JCR Assigned A- Rating to Bonds of Rakuten Group

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

JCR Assigned AA+ Rating to Bonds of Kanagawa Prefectural Housing Supply Corporation

Apr. 10, 2024

JCR Assigned A-/Stable FC Long-term Issuer Rating to True Corporation

JCR Upgraded Long-term Issuer Rating on IINO KAIUN to A-/Stable

JCR Affirmed J-1 Rating on CP of TOKAI HD

JCR Affirmed AA/Stable Long-term Issuer Rating on Japan Freight Railway

JCR Assigned AA Rating to Bonds of Kansai Electric Power

JCR Assigned A Rating to Bonds of DIC

JCR Assigned AA- Rating to Bonds of Nippon Yusen

JCR Assigned A- Rating to Bonds of GMO Financial HD

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Assigned Preliminary A Rating to Shelf Registration of UBE

JCR Provided a Second Party Opinion on Sustainability Linked Finance Framework of Mitsubishi Estate Logistics REIT Investment

Apr. 09, 2024

JCR Affirmed BBB+ and J-2 on MARUDAI FOOD; Revised Outlook to Stable

JCR Affirmed AAAp/Stable and J-1+ on East Japan Railway

JCR Affirmed A/Stable Long-term Issuer Rating on SBI Sumishin Net Bank

JCR Assigned Preliminary A Rating to Shelf Registration of TEPCO Power Grid

JCR Assigned Preliminary A Rating to Shelf Registration of Resonac HD

Apr. 08, 2024

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

JCR Downgraded Rating on Toho Zinc to B+/Negative and NJ

Apr. 05, 2024

ROHTO PHARMACEUTICAL Announced Acquisition of a Singaporean Health and Wellness Manufacturing and Sales Company - Limited Impact on Rating

JCR Assigned AA Rating to Bonds of Kansai Electric Power

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Assigned A+ Rating to Bonds of Nishi-Nippon Railroad

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned Preliminary A+ Rating to Shelf Registration of Denka

JCR Assigned Preliminary AA- Rating to Shelf Registration of Nissan Chemical

Apr. 04, 2024

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned A to SPIRE SA Series 2024-179

[ Asset Securitization Products ] JCR Upgraded Ganymede Limited Series 2021-180 to AA-

JCR Upgraded Landmark Capital S.A. Series 2018-65 to A+

[ Asset Securitization Products ] JCR Upgraded Earls Four Limited Series 1076 to A

JCR Upgraded Nomura Trust and Banking Unsecured Trust Bonds No. 37 to AA-

Apr. 03, 2024

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

[ Asset Securitization Products ] JCR Reviewed Beneficial Interest 202007 (Contract No. 210252), Beneficial Interest 202107 (Contract No. 210272), Beneficial Interest 202111 (Contract No. 210281), Beneficial Interest 202201 (Contract No. 210290), Beneficial Interest 202208 (Contract No. 210299), Beneficial Interest 202301 (Contract No. 210315), and Beneficial Interest 202307 (Contract No. 210327)

Apr. 02, 2024

Revisions to Rating Methodologies for "Information Services" and "Nonferrous Metals"

JCR Assigned A-/Stable Long-term Issuer Rating to SKYLARK HD

JCR Affirmed A Long-term Issuer Rating on J. F. Oberlin University and Affiliated Schools; Revised Outlook to Negative