News Release

Dec. 13, 2024

JCR Affirmed A+ Long-term Issuer Rating on AKITA BANK; Revised Outlook to Stable

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

JCR Assigned Preliminary AA- Rating to Bonds (Tier 2 with loss absorption clause) of Mitsubishi UFJ Financial Group

JCR Assigned AA Rating to Bonds of GLP J-REIT

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

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

Fukuoka REIT Corporation: Second Party Opinion on Sustainability Linked Loan (Review)

GLP J-REIT: Post-issuance Verification Report on Sustainability Linked Bond

ICHIIBUSSAN, The Hokuriku Bank: Second Opinion on Positive Impact Finance

Dec. 12, 2024

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

JCR Affirmed AA/Stable Long-term Issuer Rating on GLP J-REIT

JCR Assigned BBB+ Rating to Bonds of ARAKAWA CHEMICAL INDUSTRIES

TOA: Second Party Opinion on Sustainability Linked Bond Framework

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

Dec. 11, 2024

Nippon Life Insurance Makes US life Insurer a Wholly- owned Subsidiary—Large-Scale investment, but Limited Impact on Rating

JCR Affirmed A/Stable and J-1 on KROSAKI HARIMA

JCR Affirmed A/Stable Long-term Issuer Rating on Hokuetsu Corporation

JCR Assigned AA- Rating to Cypher Limited Series 10051

Shiga Prefecture: Post-issuance Verification Report on Sustainability Linked Bond

Dec. 10, 2024

JCR Assigned AA-/Stable Long-term Issuer Rating to JR East Private Reit

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

NSIP2024: Assigned Green Finance Framework Evaluation: Green 1(F)

Nomura Real Estate Group: Reviewed Sustainability Finance Framework Evaluation: SU 1(F)

Dec. 09, 2024

JCR Affirmed A+/Stable Long-term Issuer Rating on K'S HD

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

JCR Affirmed A on SGET Tochigi Mega Solar Power Station Project Beneficial Interest

JCR Affirmed A on SGET Usa Mega Solar Power Station Project Beneficial Interest

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

JAPAN POST HOLDINGS: Reviewed Sustainability Finance Framework Evaluation: SU 1(F)

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

Dec. 06, 2024

JCR Solicits Public Comments on Revisions to Rating Methodologies by Sector "Leasing" and "General Construction"

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

JCR Affirmed A/Stable and J-1 on SUMCO

JCR Affirmed A-/Stable Long-term Issuer Rating on TAKASAGO INTERNATIONAL

JCR Affirmed A-/Stable Long-term Issuer Rating on DAIDO FIRE & MARINE INSURANCE

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Japan Prime Realty Investment Corporation

JCR Assigned BBB+ Rating to Bonds of Kintetsu Group HD

JCR Assigned Preliminary AA Rating to Shelf Registration of Seven & i HD

JCR Assigned A- Rating to Bonds of ZENSHO HD

JCR Assigned AAA Rating to Bonds of National University Corporation, the University of Tokyo

JCR Assigned A Rating to Bonds of TEPCO Renewable Power

JCR Assigned BBB+ Rating to Bonds of Premium Water HD

JCR Assigned AA Rating to Bonds of T&D HD

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

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

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

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

Dec. 05, 2024

JCR Affirmed AA- Long-term Issuer Rating on DISCO; Revised Outlook to Positive

JCR Affirmed A+/Stable Long-term Issuer Rating on Mitsui & Co., Private REIT

JCR Assigned BBB Rating to Subordinated Bonds of Rakuten Group

JCR Assigned A Rating to Bonds of NEC Capital Solutions

JCR Assigned A+ Rating to Bonds of Hoshino Resorts REIT

Dec. 04, 2024

JCR Assigned AA-/Stable FC Long-term Issuer Rating to SMFG India Credit

JCR Assigned A Rating to Bonds of Resonac HD

JCR Assigned A+ Rating to Subordinated Bonds of Tokyo Century

JCR Assigned AA- Rating to Bonds of Mizuho Leasing

[ Asset Securitization Products ] JCR Affirmed AAA Rating on ABL 22-09

Dec. 03, 2024

JCR Affirmed A-/Stable and J-1 on Showa Sangyo

JCR Affirmed AA/Stable Long-term Issuer Rating on NISSHIN SEIFUN GROUP

JCR Affirmed A/Stable and J-1 on NIPPN

JCR Affirmed BBB/Stable Long-term Issuer Rating on Mitsubishi Steel Mfg.

JCR Assigned Preliminary A- Rating to Shelf Registration of IHI

Dec. 02, 2024

JCR Upgraded Long-term Issuer Rating on Mitsubishi Paper Mills to BBB/Stable; Affirmed J-2 on CP

JCR Affirmed A and J-1 on SKY Perfect JSAT HD; Revised Outlook to Positive

JCR Affirmed A-/Stable Long-term Issuer Rating on Medical Corporation KEIAIKAI

JCR Affirmed AAA/Stable Long-term Issuer Rating on National University Corporation Tokai National Higher Education and Research System

JCR Affirmed AA/Stable Long-term Issuer Rating on T&D HD, DAIDO LIFE INSURANCE, TAIYO LIFE INSURANCE and T&D FINANCIAL LIFE INSURANCE

JCR Affirmed J-1+ Rating on CP of T&D Lease

JCR Assigned Preliminary BBB Rating to Subordinated Bonds of Rakuten Group

AEON REIT Investment Corporation: Reviewed Sustainability Finance Framework Evaluation: SU 1(F)

Nov. 29, 2024

JCR Affirmed A-/Stable Long-term Issuer Rating on TAKAMATSU CONSTRUCTION GROUP

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

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned AA- Rating to Bonds of TOKYU

JCR Assigned BBB+ Rating to Bonds (Tier 1 with loss absorption clause) of Daiwa Securities Group

JCR Assigned Preliminary AA Rating to Shelf Registration of Keio

[ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank A Corporation Bills & Electronically Recorded Receivables ABL 24-11

Concerning "MUFG Nature Capital Management Evaluation supported by JCR"

Kobe Electric Railway, Mizuho Bank: Second Opinion on Positive Impact Finance

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

First Loop Technologies, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

TOHO SHEET&FRAME, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

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

SANKO PLANTEC, The Hiroshima Bank: Second Opinion on Positive Impact Finance

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

Shinkumamotosangyou, THE BANK OF FUKUOKA: Second Opinion on Positive Impact Finance

ROCKY-ICHIMARU, THE BANK OF FUKUOKA: Second Opinion on Positive Impact Finance

Nov. 28, 2024

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

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