News Release

Mar. 13, 2024

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

JCR Affirmed AA/Stable Long-term Issuer Rating on NITTO DENKO

JCR Affirmed A+/Stable Long-term Issuer Rating on Yokogawa Electric

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

JCR Affirmed A/Stable (FC) and A+/Stable (LC) on Poland

[ Asset Securitization Products ] JCR Affirmed BBB and BBB- on ABL 21-09

Request for Comments on Renewal of Eligibility Criteria for Green Building and Renovation

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Kumamoto Bank to KYUSHU BIOTECH

Mar. 12, 2024

JCR Upgraded Rating on Fuyo General Lease to AA-/Stable and J-1+
JCR Upgraded Rating on Sharp Finance to AA-/Stable and J-1+

JCR Affirmed A Long-term Issuer Rating on Musashino Bank; Revised Outlook to Positive

JCR Affirmed AA/Stable Long-term Issuer Rating on DAIWA HOUSE INDUSTRY

JCR Affirmed AAA/Stable Long-term Issuer Rating on International Bank for Reconstruction and Development

JCR Assigned Preliminary A+ Rating to Shelf Registration of J. FRONT RETAILING

JCR Provided a Second Opinion on Positive Impact Finance Provided by MUFG Bank to Toyoda Gosei

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

Mar. 11, 2024

JCR Affirmed A-/Stable Long-term Issuer Rating on Asahi Mutual Life Insurance

JCR Assigned A+ Rating to Bonds of Daiwa Securities Group

JCR Assigned Preliminary A+ Rating to Shelf Registration of JACCS

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Bank of Yokohama to SHINKOSHA

Mar. 08, 2024

JCR Upgraded Long-term Issuer Rating on SENKO Group HD to A/Stable

JCR's Rating Review of General Construction Companies

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

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

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

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

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Southern TOHOKU Social Welfare Foundation

JCR Affirmed A+/Stable Long-term Issuer Rating on OITA BANK

JCR Affirmed AA+/Stable Long-term Issuer Rating on Kanagawa Prefectural Housing Supply Corporation

JCR Assigned A+ Rating to Bonds of Nagoya Railroad

JCR Assigned A+ Rating to Bonds of HIKARI TSUSHIN

JCR Assigned AA Rating to Bonds of Mitsubishi Logistics

JCR Assigned A- Rating to Bonds of GMO Financial HD

JCR Assigned Preliminary AA- Rating to Shelf Registration of TOKYU

JCR Assigned Preliminary AA to Long-term Issue Rating of Kaede Credit Service LLC

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to Beneficial Interest of unus202403

JCR Assigned Green 1(T)(F) to Green/Transition Finance Framework of the Kansai Electric Power

JCR Assigned Green 1(F) to Green Loan Framework of Mitsui & Co., Private REIT

JCR Provided a Second Opinion to Positive Impact Finance Provided by HAMAMATSU IWATA SHINKIN BANK to syakaihokenroumusihoujin muramatsu jimusyo

Mar. 07, 2024

JCR Affirmed A+/Stable and J-1 on JA MITSUI LEASING

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

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

Mar. 06, 2024

JCR Removed Credit Monitor; Downgraded Rating on Benesse HD to A-; Placed Stable Outlook

JCR Affirmed AA/Stable Long-term Issuer Rating on Kanagawa University

JCR Affirmed A-/Stable (FC/LC) on Philippines

JCR Affirmed AA/Stable Long-term Issuer Rating on Daiwa Office Investment Corporation

JCR Assigned A- Rating to Bonds of KPP GROUP HD

JCR Assigned BBB to Notes of Fasanara Securitisation

JCR Assigned AA- to SPIRE SA Series 2024-124

Mar. 05, 2024

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

JCR Affirmed A+/Stable Long-term Issuer Rating on Pan Pacific International HD

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

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

JCR Affirmed A-/Stable (FC) and A/Stable (LC) on Hungary and National Bank of Hungary

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank & The Yokohama Shinkin Bank to TAKADA GROUP

Mar. 04, 2024

JCR Upgraded Long-term Issuer Rating on Namura Shipbuilding to BBB-/Positive

JCR Upgraded Long-term Issuer Rating on FAST RETAILING to AA+/Stable

JCR Affirmed AA/Stable Long-term Issuer Rating on Sompo Warranty

JCR Affirmed A+/Stable and J-1 on JGC HD

JCR Affirmed A+/Stable Long-term Issuer Rating on Mitsubishi Chemical Group

JCR Affirmed A-/Stable FC Long-term Issuer Rating on Vena Energy HD and Vena Energy Capital

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

JCR Affirmed BBB+/Stable (FC/LC) on Export-Import Bank of India

Mar. 01, 2024

JCR Downgraded Long-term Issuer Rating on Toho Zinc to BB/Negative; Affirmed J-3 on CP

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Monex Group; Affirmed J-2 Rating on CP of Monex Finance; Upgraded Rating on Monex to AA/Stable and J-1+

JCR Affirmed BBB+/Positive Long-term Issuer Rating on Starzen

JCR Affirmed AA-/Stable Long-term Issuer Rating on Nissan Chemical

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Fukui Bank

JCR Assigned A- Rating to Bonds of GEO HD

JCR Assigned AA Rating to Bonds of SONY GROUP

JCR Assigned A- Rating to Bonds of SoftBank Group

JCR Assigned AAA Rating to Bonds of Tokyo Metro

JCR Assigned A- Rating to Bonds of Mazda Motor

JCR Assigned A Rating to Bonds of LOGISTEED

JCR Assigned AA Rating to Bonds of Tokyo Century

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

JCR Assigned Green 1 to Long-term Loan Borrowed by Daiwa House REIT Investment

Feb. 29, 2024

JCR Assigned A-/Stable FC Long-term Issuer Rating to SAN MIGUEL

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

JCR Affirmed A-/Stable FC Long-term Issuer Rating on Far East Horizon

JCR Assigned A Rating to Bonds of KONICA MINOLTA

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned BBB+ Rating to Subordinated Loan of HANWA

[ Asset Securitization Products ] JCR Affirmed A, BBB- and BB+ on ABL 21-12

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

[ Asset Securitization Products ] JCR Assigned J-1 to PERCS-B

JCR Withdraws AA+ Long-term Issuer Rating on FamilyMart

JCR Assigned Green 1(F) to Green Finance Framework of Japan Metropolitan Fund Investment

JCR Assigned Green 1 to Trust Beneficiary Rights 202402 (Contract No. 210343)

JCR Provided a Second Opinion to Positive Impact Finance Provided by Mizuho Bank to Sun Frontier Fudousan

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

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

JCR Provided Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Microbubble Japan

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Yamaguchi Heavy Industries

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Tokyo Stainless Grinding

JCR Provided a Second Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to Vanceport

JCR Provided a Second Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to Mizuno Denso

JCR Provided a Second Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to S-Tec

JCR Provided a Second Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to TOKU

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Nishi-Nippon City Bank to dc-kankyokaihatsu

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Nishi-Nippon City Bank to KAITEKI KUKAN FC