News Release

Jun. 28, 2024: JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to yotchan; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank and THE BANK OF KOCHI to westalliance; JCR Provided a Second Opinion to Positive Impact Finance Provided by 33 Bank to manglove creation; JCR Provided a Second Opinion to Positive Impact Finance Provided by 33 Bank to ASAHI DENKI; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Hachijuni Bank to sunjunior; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Hachijuni Bank to INOSE UNSO; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Nanto Bank to Astage KAJITA; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Hokkaido Bank to ACE laundry; JCR Provided a Second Opinion to Positive Impact Finance Provided by THE HOKURIKU BANK to ACE laundry; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Nishi-Nippon City Bank to Acana Family Japan; JCR Provided a Second Opinion to Positive Impact Finance Provided by Shizuoka Bank to Enshu Beikoku; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Joyo Bank to Michinoku Rikuun

Jun. 27, 2024: JCR Upgraded Long-term Issuer Rating on MORI BUILDING to AA-/Stable; JCR Affirmed A+/Stable and J-1 on Daicel; JCR Assigned A- Rating to Bonds of SKYLARK HD; JCR Assigned A- Rating to Subordinated Bonds of TOKAI CARBON; JCR Removed Credit Monitor; Affirmed A+ on Azusa Limited Series 516; JCR Assigned AA to Long-term Issue Rating of Suisen Credit Service LLC; [ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 24-06; [ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 24-06 (D Hospital); JCR Assigned A Rating to eDirect Trust NF1; JCR Assigned AA- to SPIRE SA Series 2024-202; JCR Reviewed Green Finance Framework of Invincible Investment; JCR Reviewed Green Finance Framework of ORIX JREIT

Jun. 26, 2024: JCR Affirmed AA/Stable Long-term Issuer Rating on ORIX JREIT; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Daiichi Kasei

Jun. 25, 2024: GMO internet group makes transition to a Holding Company Structure—No Impact on Ratings; JCR Removed Credit Monitor; Affirmed A+ on INFRONEER HD; Placed Stable Outlook; JCR Assigned Preliminary A- Rating to Preferred Shares of INFRONEER HD; JCR Assigned BBB- Rating to Subordinated Loan of ZENSHO HD; JCR Assigned Preliminary AA- Rating to Shelf Registration of Hankyu Hanshin HD; JCR Affirmed A+/Stable Long-term Issuer Rating on JINUSHI PRIVATE REIT; [ Asset Securitization Products ] JCR Assigned AAA and AA- to REIT2024-001 Beneficial Interest; JCR Assigned AA Rating to Libra A Limited Series C086; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Nexus Enterprise

Jun. 24, 2024: JCR Assigned J-1 Rating to CP of AICHI STEEL; JCR Affirmed J-2 Rating on CP of KYOKUYO; JCR Assigned AA Rating to Libra A Limited Series C087-1; JCR Reviewed Sustainability Finance Framework by Sumitomo Mitsui Finance and Leasing

Jun. 21, 2024: JCR Assigned BBB+/Stable Long-term Issuer Rating to NEXTAGE; JCR Affirmed A+/Stable Long-term Issuer Rating on PERSOL HD; JCR Affirmed AA/Stable Long-term Issuer Rating on MORI HILLS REIT INVESTMENT CORPORATION; JCR Assigned BBB+ Rating to Bonds of IDOM; JCR Reviewed Green Finance Framework of Mitsubishi Estate Logistics REIT Investment

Jun. 20, 2024: JCR Affirmed A-/Stable Long-term Issuer Rating on ASAHI BROADCASTING GROUP HD; [ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 24-06; [ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 24-06; JCR Assigned AA- to SPIRE SA Series 2024-263; JCR Assigned AA- to SPIRE SA Series 2024-264; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to NIIDA BUSSAN; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to SOTOZAKI KOUSAKUSYO

Jun. 19, 2024: JCR Affirmed A-/Stable (FC) and A/Stable (LC) on Peru; JCR Affirmed AA-/Stable Long-term Issuer Rating on Hankyu Hanshin REIT; JCR Assigned Preliminary A Rating to Shelf Registration of NEC Capital Solutions; [ Asset Securitization Products ] JCR Affirmed AAA, BBB and A on MMJ Mortgage Trust II Senior Beneficial Interest and ABL; JCR Provided a Second Opinion on Positive Impact Assessment of The Chiba Bank

Jun. 18, 2024: JCR Assigned Preliminary BBB- Rating to Subordinated Loan of ZENSHO HD; [ Asset Securitization Products ] JCR Assigned Preliminary A to US real estate secured loan securitization 2024; JCR Assigned SU 1(F) to Sustainability Finance Framework of KDX Realty Investment; JCR Provided a Second Opinion to Positive Impact Finance Provided by 33 Bank to miechuougakuen

Jun. 17, 2024: JCR Affirmed AAp/Stable (FC) and AA+p/Stable (LC) on Korea Development Bank; JCR Assigned AA- to SPIRE SA Series 2024-186

Jun. 14, 2024: JCR Affirmed AAA/Stable (FC/LC) on the Netherlands; JCR Assigned A+ Rating to Subordinated Loan of DAIWA HOUSE INDUSTRY; JCR Assigned Preliminary J-1 to eDirect Trust N4; JCR Assigned Preliminary AA- to Securitization of Leases Receivable from SB 202406; JCR Assigned Preliminary AA- to Securitization of Loans Receivable from SB 202406; JCR Reviewed Sustainable Finance Framework by Mori Building; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Nanboku Copper Elongation; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to KANSAI Technica & Design

Jun. 13, 2024: JCR Affirmed AA-/Stable Long-term Issuer Rating on San-in Godo Bank; JCR Affirmed AAA/Stable (FC/LC) on Australia; JCR Affirmed AA/Stable Long-term Issuer Rating on Hulic Reit

Jun. 12, 2024: JCR Assigned AA- Rating to Ganymede Limited Series 2024-47; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to venichu