News Release

Jul. 20, 2023

JCR Affirmed AAA/Stable FC Long-term Issuer Rating on Quebec

JCR Assigned A+ Rating to Bonds of SCSK

JCR Assigned A- Rating to Bonds of Mizuho Financial Group

JCR Assigned AA Rating to Bonds of GLP J-REIT

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 23-07

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Senshu Ikeda Bank to SOKEN

Jul. 19, 2023

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

JCR Affirmed A-/Stable and J-1 on NIPPON STEEL KOWA REAL ESTATE

JCR Affirmed AA-/Stable Long-term Issuer Rating on Fukuoka REIT Corporation

JCR Assigned AA Rating to Bonds of Mitsubishi Estate Logistics REIT

Jul. 18, 2023

ZENSHO HD Issues Preferred Shares - "Medium" or "50" JCR's Equity Content Assessment

JCR's Rating Review of Money Market Brokers

JCR Affirmed A-/Positive and J-1 on Mitsui Mining and Smelting

JCR Assigned Preliminary AA Rating to Shelf Registration of Sekisui House

[ Asset Securitization Products ] JCR Assigned Preliminary AAA and Preliminary A to Beneficial Interest 202307

JCR Assigned J-1 to eDirect Trust N2

[ Asset Securitization Products ] JCR Affirmed AAA on Bonds of Clover 2021, LLC.

Highlights of Major General Construction Companies' Financial Results for Fiscal Year Ended March 2023

Jul. 14, 2023

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

JCR Assigned AA- Rating to Bonds of AIR WATER

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Assigned BBB+ Rating to Bonds of Kintetsu Group HD

JCR Assigned A+ Rating to Bonds of Nippon Yusen

JCR Assigned AAA Rating to Bonds of NTT FINANCE

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Conducted Evaluation of Conformity of Bonds Issued by Meiji Holdings to Sustainability Finance Framework

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Athlete

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE HOKURIKU BANK to AROC SANWA

Jul. 13, 2023

JCR Upgraded Long-term Issuer Rating on SBI Shinsei Bank to A/Stable; Affirmed J-1

JCR Upgraded Rating on Showa Leasing to A/Stable; Affirmed J-1

JCR Affirmed A/Stable Long-term Issuer Rating on SBI SECURITIES

JCR Affirmed BBB+/Stable Long-term Issuer Rating on SBI FinTech Solutions

JCR Affirmed A/Stable and J-1 on ARUHI

JCR Assigned AA Rating to Bonds of Kansai Electric Power

JCR Assigned A-/AA Rating to Bonds of Korea Investment & Securities

Jul. 12, 2023

Progress toward Introduction of Economic Value-Based Solvency Regulations

JCR Affirmed BBB+ and J-2 on UACJ; Revised Outlook to Positive

JCR Affirmed A+/Stable and J-1 on LINTEC

JCR Assigned AA- Rating to Bonds of Sumitomo Metal Mining

JCR Assigned A+ Rating to Bonds of SUMITOMO HEAVY INDUSTRIES

Jul. 11, 2023

Niterra Starts Discussions and Considerations Regarding Acquisition of DENSO’s Spark Plug and Other Businesses - JCR Will Watch for Progress of Discussions and Impact on Niterra’s Earnings and Financials

JCR Upgraded Long-term Issuer Rating on PERSOL HD to A+/Stable

JCR Affirmed BBB+/Stable and J-2 on Daiei Real Estate & Development

JCR Affirmed AA-/Stable and J-1+ on Takeda Pharmaceutical

JCR Assigned A+ Rating to Bonds of JACCS

JCR Assigned Preliminary A Rating to Shelf Registration of Sumitomo Osaka Cement

JCR Assigned Preliminary A+ Rating to Shelf Registration of NSK

Jul. 10, 2023

JCR Assigned A-/Stable Long-term Issuer Rating to Daiwa Hotel Private Investment Corporation

JCR Affirmed A/Stable and J-1 on DIC

JCR Affirmed A+/Stable Long-term Issuer Rating on Healthcare & Medical Investment Corporation

JCR Affirmed AA/Stable Long-term Issuer Rating on Mitsui Fudosan Logistics Park

JCR Assigned Preliminary A+ Rating to Shelf Registration of ACOM

Jul. 07, 2023

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

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

JCR Affirmed A/Stable and J-1 on PENTA-OCEAN CONSTRUCTION; Change in CP Maximum Amount

JCR Assigned AA Rating to Bonds of Sumitomo Electric Industries

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned A+ Rating to Bonds of Nagoya Railroad

JCR Assigned AA- Rating to Bonds of Hankyu Hanshin HD

JCR Assigned AA- Rating to Bonds of Marubeni

JCR Assigned A+ Rating to Bonds of Orient Corporation

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned Preliminary AA- Rating to Shelf Registration of JFE HD

JCR Assigned Preliminary AA+ Rating to Shelf Registration of Electric Power Development

JCR Assigned Preliminary A Rating to Shelf Registration of TOBU RAILWAY

JCR Assigned Preliminary A Rating to Shelf Registration of Japan Airlines

[ Asset Securitization Products ] JCR Affirmed AAA on Beneficial Interest of Hayabusa

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE BANK OF FUKUOKA to NRS

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE BANK OF FUKUOKA to Horiuchi denki

JCR Provided a Third Party Opinion to the Positive Impact Framework of THE BANK OF FUKUOKA

Jul. 06, 2023

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

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

JCR Assigned A+ Rating to Bonds of SUMITOMO CHEMICAL

JCR Assigned AA- Rating to Bonds of SoftBank

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Affirmed AA on SPIRE SA Series 2022-41

Jul. 05, 2023

JCR Affirmed A-/Stable Long-term Issuer Rating on African Export-Import Bank

JCR Assigned Preliminary AA- Rating to Shelf Registration of ENEOS HD

JCR Assigned AA- to Ganymede Limited Series 2023-61

Jul. 04, 2023

JCR Upgraded Long-term Issuer Rating on Suntory HD to AA/Stable; Affirmed J-1+ on CP

JCR Upgraded Long-term Issuer Rating on Suntory Beverage & Food to AA/Stable; Affirmed J-1+ on CP

JCR Affirmed A-/Stable and J-1 on SINANEN HD

JCR Affirmed A-/Stable Long-term Issuer Rating on Makino Milling Machine

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

JCR Assigned A+ Rating to Bonds of Mitsui O.S.K. Lines

JCR Assigned AA Rating to Bonds of Nomura Real Estate Master Fund

JCR Assigned Preliminary A Rating to Bonds of KYUSHU LEASING SERVICE

Jul. 03, 2023

JCR Affirmed AAA/Stable and J-1+ on NTT DATA GROUP

JCR's Rating Review of 4 Expressway Companies

JCR Affirmed AA-/Stable Long-term Issuer Rating on Hankyu Hanshin REIT

JCR Assigned Preliminary A- Rating to Shelf Registration of COSMO ENERGY HD

JCR Assigned Preliminary AA-, A+ and A- Rating to Shelf Registration of Mitsubishi UFJ Financial Group

JCR Assigned Preliminary A+ Rating to Shelf Registration of JA MITSUI LEASING

Jun. 30, 2023

JCR Upgraded Long-term Issuer Rating on AIR WATER to AA-/Stable

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

JCR Upgraded Long-term Issuer Rating on JINUSHI PRIVATE REIT to A+/Stable

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

JCR Affirmed A+/Stable and J-1 on Daicel

JCR Affirmed AAA/Stable Long-term Issuer Rating on Central Japan Railway