News Release

Feb. 27, 2024

JCR Affirmed A+/Stable and J-1 on NH Foods

JCR Affirmed AA/Stable Long-term Issuer Rating on DREAM Private REIT

[ Asset Securitization Products ] JCR Assigned A to Senior Beneficial Interest 7931601 Series 7

JCR Assigned Green 1(T) to the 1st Japan Climate Transition Bonds

JCR Assigned Green 1(F) to Green Finance Framework of Shinhan Bank Japan

JCR Provided a Second Opinion to Positive Impact Assessment Provided by Sumitomo Mitsui Trust Bank to SUBARU

JCR Provided a Second Opinion to Positive Impact Assesment Provided by Sumitomo Mitsui Trust Bank to NH Foods

Feb. 26, 2024

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

JCR Assigned AA-/Stable LC Long-term Issuer Rating to Frasers Property

JCR Assigned Green 1(F) to Green Finance Framework of MAINICHI COMNET

JCR Provided a Post-issuance Verification Report to Bonds no.27 (Sustainability Linked Bonds) Issued by Fuyo General Lease

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

Feb. 22, 2024

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

JCR Assigned A Rating to Bonds of Kawasaki Heavy Industries

JCR Assigned A Rating to Bonds of PENTA-OCEAN CONSTRUCTION

JCR Assigned A Rating to Bonds of TEPCO Renewable Power

JCR Assigned AA- Rating to Bonds of Hankyu Hanshin HD

JCR Assigned BBB+ Rating to Bonds of Premium Water HD

JCR Assigned A+ Rating to Bonds of Mitsui Chemicals

JCR Assigned A+ Rating to Bonds (Tier 1 with loss absorption clause) of Shoko Chukin Bank

JCR Assigned Preliminary AA Rating to Shelf Registration of Tokyo Century

JCR Assigned Green 1(Preliminary Evaluation) to Long-term Loan Borrowed by Daiwa House REIT Investment

Feb. 21, 2024

JCR Affirmed A+/Stable and J-1 on J. FRONT RETAILING

JCR Affirmed AA-/Stable Long-term Issuer Rating on Kyodo Housing Loan

JCR Assigned AA- Rating to Bonds of Mizuho Leasing

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 24-02

JCR Assigned AA to Libra A Limited Series C046

Feb. 20, 2024

JCR Assigned A-/Stable Long-term Issuer Rating to Osaka Shoko Shinkin Bank

JCR Assigned AA-/Stable Long-term Issuer Rating to DHLCF GK

JCR Assigned J-1+ Short-term Issuer Rating to Nomura Trust and Banking

JCR's Rating Review of 3 Major Shipping Companies

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

JCR Assigned A+ Rating to Bonds of Daiwa Securities Group

JCR Assigned A+ Rating to Bonds of Fuyo General Lease

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 24-02

JCR Assigned SU1(F) to Sustainable Finance Framework of Central Nippon Expressway

JCR Assigned Social 1 (Preliminary Evaluation) to Bonds to be Issued by Central Nippon Expressway

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

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Ashikaga Bank to Bell Mall

Feb. 19, 2024

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

JCR Affirmed A+ Long-term Issuer Rating on MIRAI; Revised Outlook to Positive

JCR Affirmed A+/Stable Long-term Issuer Rating on Kyoritsu Women's Educational Institution

JCR Affirmed AAA/Stable Long-term Issuer Rating on NIPPON TELEGRAPH AND TELEPHONE

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on SOSiLA Logistics REIT

Feb. 16, 2024

Renesas Electronics Announced Acquisition of U.S. Software Company—No Immediate Impact on Rating

Rakuten Group Announces FY2023 Results - Mobile Segment Shows Certain Progress, Efforts to Turn It Profitable to Be Watched

JCR Assigned AA/Stable (FC/LC) to Mapletree Investments

JCR Affirmed BBB Long-term Issuer Rating on Soken Chemical & Engineering; Revised Outlook to Positive

JCR Affirmed AA-/Stable (FC/LC) on Slovenia

JCR Affirmed AA/Stable Long-term Issuer Rating on Japan Metropolitan Fund Investment Corporation

JCR Assigned A+ Rating to Bonds of ITO EN

JCR Assigned AA- Rating to Bonds of Marubeni

JCR Assigned AAA Rating to Bonds of Metropolitan Expressway

[ Asset Securitization Products ] JCR Assigned Preliminary AAA and Preliminary A to Beneficial Interest 202402

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (H Hospital)

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

Feb. 15, 2024

DIC Recorded Net Loss for FY2023—No Immediate Impact on Rating, JCR will Watch for Future Performance Recovery

Change in CP Maximum Amount of UBE; Affirmed J-1

JCR Affirmed AA-p/Stable Long-term Issuer Rating on Oji HD

JCR Affirmed A-/Stable Long-term Issuer Rating on Yasuda Logistics

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

JCR Provided a Second Party Opinion on Sustainability Linked Loan Framework of The Joyo Bank

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Hokkaido Bank to KOUSHIN GLOBAL VISION

Feb. 14, 2024

JCR Affirmed A+/Stable and J-1 on ITO EN

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

JCR Affirmed AA-/Stable and J-1+ on au Kabucom Securities

JCR Affirmed AAA/Stable (FC/LC) on Export Development Canada

JCR Assigned Preliminary A+ Rating to Shelf Registration of Orient Corporation

JCR Assigned AA- Rating to Bonds of Hankyu Hanshin REIT

Feb. 13, 2024

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

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

JCR Affirmed A/Stable (FC/LC) on Italy

Feb. 09, 2024

SHIMIZU Revised FY2023 Earnings Forecasts—No Immediate Impact on Rating, but JCR will Closely Monitor Future Performance trends

INFRONEER HD Plans to Issue Bond-type Class Shares—Could be an Underpinning Factor for the Current Rating

JCR Solicits Public Comments on Revisions to Rating Methodologies by Sector "Information Services" and "Nonferrous Metals"

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

JCR Affirmed BBB-/Stable Long-term Issuer Rating on HOWA BANK

JCR Affirmed AA/Stable Long-term Issuer Rating on Nomura Real Estate Master Fund

JCR Assigned A- Rating to Bonds of Chuo-Nittochi Group

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Auto Service

JCR Assigned AAA Rating to Bonds of NTT TC Leasing

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Assigned AAA Rating to Bonds of National Institution for Academic Degrees and Quality Enhancement of Higher Education

JCR Assigned Social 1 to Bonds of National Institution for Academic Degrees and Quality Enhancement of Higher Education

JCR Provided a Second Party Opinion on Sustainability Linked Loan Conducted by The Hokuriku Bank to HOKURIKU ELECTRIC INDUSTRY

JCR Provided a Second Opinion to Positive Impact Finance Provided by 33 Bank to SATO MANUFACTURING

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

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to YAMAGUCHI PRESS CENTER

Feb. 08, 2024

Revisions of Rating Methodologies "Tires" and "Electrical Machinery" by Sector

Revisions to Rating Methodologies for "Life Insurance" and "Non-life Insurance"

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

JCR Provided pre-issuance Verification Report for CBI certification to the 1st Japan Climate Transition Bonds

Feb. 07, 2024

Sharp Revised FY2023 Earnings Forecasts Downward—Downward Pressure on Rating Strengthens

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

JCR Affirmed A/Negative Long-term Issuer Rating on OKAZAKI SHINKIN BANK

Feb. 06, 2024

JCR Affirmed AA+/Stable Long-term Issuer Rating on Corporacion Andina de Fomento

JCR Assigned A- to SPIRE SA Series 2024-32

JCR Assigned AA- to SPIRE SA Series 2024-121