News Release

Jan. 30, 2023: JCR Assigned AA- to Ascent Finance Limited Series 2023-1003; JCR Assigned A+ to Ascent Finance Limited Series 2023-1004; JCR Assigned AA- to Ganymede Limited Series 2023-1; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to MARUTOKU UNSO; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to TIPRO

Jan. 27, 2023: KANEMATSU Makes Listed Consolidated Subsidiaries Wholly Owned - No Need to Immediately Revise Rating; JCR Affirmed A/Stable Long-term Issuer Rating on JAPAN WOOL TEXTILE; JCR Affirmed A/Stable Long-term Issuer Rating on YAMAZEN; JCR Affirmed AA-/Stable Long-term Issuer Rating on Awa Bank; JCR Affirmed AA/Stable Long-term Issuer Rating on ORIX; JCR Assigned AA Rating to Bonds of Keio; JCR Assigned AAA Rating to Bonds of National University Corporation Tohoku University; JCR Assigned A Rating to Bonds of Rakuten Group; JCR Assigned AA Rating to Bonds of Sumitomo Mitsui Finance and Leasing; JCR Assigned AAA Rating to Bonds of Japan Student Services Organization; [ Asset Securitization Products ] JCR Assigned Preliminary AAA to Investment Condominium Loans Trust (7931901); [ Asset Securitization Products ] JCR Affirmed A, BBB- and BB+ on ABL 21-12; [ Asset Securitization Products ] JCR Affirmed J-1+ on Ferry Road ETC Card Receivable ABL Program; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to ISEWAN SOKO

Jan. 26, 2023: Enex Infrastructure Investment Corporation's Property Acquisition - JCR Will Focus on Post-Acquisition Operation and Other Developments; JCR Affirmed A+/Stable and J-1 on Sumitomo Bakelite; JCR Affirmed A/Stable and J-1 on Sumitomo Riko; JCR Affirmed A-/Stable Long-term Issuer Rating on Mitsuuroko Group HD; JCR Assigned Preliminary A- Rating to Shelf Registration of SoftBank Group; JCR Assigned Preliminary A Rating to Shelf Registration of DAIBIRU; JCR Assigned Preliminary A+ Rating to Shelf Registration of Yokohama Rubber; JCR Affirmed A- on Loans for Nomura Trust and Banking Trust Account 1169041 and 1169045; JCR Affirmed A- on Nomura Trust and Banking Series 125, 132, 134, 136 and 146 Unsecured Trust Bond; JCR Affirmed A- on Ascent Finance Limited Series 2019-1020 and 2019-1033; [ Asset Securitization Products ] JCR Affirmed A- on Cypher Limited Series 521; JCR Affirmed A- on ZEST Investments B Series 1508-B01, 1511-B01, 1601-B03, 1602-B01, 1602-B02, 1603-B01, 1605-B01 and 1605-B02; JCR Affirmed A- on Mirach Limited Series 1910-M01 and 1910-M02; JCR Provided a Third Party Opinion on Kyoto Zero Carbon Framework of Kyoto Prefecture; JCR Assigned Green 1(F) to Green Finance Framework of SMBC Trust Bank; JCR Reviewed Green Finance Framework of Enex Infrastructure Investment

Jan. 25, 2023: JCR Assigned J-1 Rating to CP of TOA; JCR Affirmed A- Long-term Issuer Rating on SEIBU HD; Revised Outlook to Stable; JCR Affirmed A-/Stable Long-term Issuer Rating on Sotetsu HD; JCR Affirmed AA/Stable and J-1+ on Mitsubishi HC Capital; JCR Affirmed AAA/Stable (FC/LC) on United Kingdom; JCR Assigned BBB+ Rating to Bond Program of Yanmar HD; JCR Assigned AA+ Rating to Bonds of NARITA INTERNATIONAL AIRPORT; JCR Affirmed AA on Bonds of Nissay 2019 and 2021 Fund Securitization Company Limited; JCR Affirmed AA- on Bonds of Nissay 2nd, 3rd, 4th, 5th, 6th, 7th, and 8th Subordinated Loan Securitization Company Limited; JCR Upgraded Specified Bonds of Meiji Yasuda Life 2018/2019 Fund SPC to AA-; JCR Provided a Third Party Opinion on Sustainability Linked Loan Conducted by Sumitomo Mitsui Trust Bank to Sumitomo Mitsui Trust Panasonic Finance; JCR Assigned Green 1(F) to Green Loan Framework of DL Life Partner REIT; JCR Assigned Green 1 to Loans Borrowed by DL Life Partner REIT

Jan. 24, 2023: TEPCO HD Announces FY2022 Earnings Forecast - No Immediate Impact on Rating; JCR Affirmed BBB+ Long-term Issuer Rating on FUJI KYUKO; Revised Outlook to Stable; JCR Affirmed AA/Stable Long-term Issuer Rating on ORIENTAL LAND; JCR Affirmed A/Stable Long-term Issuer Rating on Daiwabo HD; JCR Affirmed BBB/Stable Long-term Issuer Rating on TAMURA; JCR Affirmed AAA/Stable LT Issuer Rating on University of Tsukuba; JCR Affirmed A/Stable and J-1 on Yasuda Real Estate; JCR Affirmed A-/Stable Long-term Issuer Rating on Kita-Nippon Bank

Jan. 23, 2023: JCR Affirmed A/Stable and J-1 on Japan Pulp & Paper; JCR's Rating Review of Major Life Insurers; JCR Affirmed AA+/Stable and J-1+ on Nippon Life Insurance; JCR Upgraded Long-term Issuer Rating on Dai-ichi Life HD/Dai-ichi Life to AA-/Stable and AA/Stable; JCR Upgraded Long-term Issuer Rating on Meiji Yasuda Life Insurance to AA/Stable; Affirmed J-1+ on CP; JCR Upgraded Long-term Issuer Rating on SUMITOMO LIFE INSURANCE to AA/Stable; JCR Affirmed A-/Stable Long-term Issuer Rating on DAIDO FIRE & MARINE INSURANCE; JCR Affirmed J-1+ Rating on CP of Nissay Leasing; [ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 23-01; [ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 23-01

Jan. 20, 2023: JCR Affirmed AA- and J-1+ on Sumitomo Realty & Development; Revised Outlook to Positive; JCR Affirmed A- and J-1 on SoftBank Group; Revised Outlook to Stable; JCR Affirmed A/Stable Long-term Issuer Rating on SEIREN; JCR Affirmed A/Stable and J-1 on Tokyu Fudosan HD; JCR Affirmed AA/Stable and J-1+ on Mitsui Fudosan; JCR Affirmed AA+p/Stable Long-term Issuer Rating on Mitsubishi Estate; JCR Affirmed BBB+/Stable (FC) and A-/Stable (LC) on Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara; JCR Assigned AA- Rating to Bonds (with no financial covenants) of Sumitomo Mitsui Financial Group; JCR Assigned A+ Rating to Bonds (Tier 2 with loss absorption clause) of Mitsubishi UFJ Financial Group; JCR Reviewed Sustainability Bond Framework of SoftBank

Jan. 19, 2023: JCR Upgraded Long-term Issuer Rating on Maruzen Showa Unyu to A/Stable; JCR Affirmed A/Stable and J-1 on Sumitomo Osaka Cement; JCR Affirmed BBB+/Stable Long-term Issuer Rating on TOSHO; JCR Affirmed BBB/Stable Long-term Issuer Rating on Harima-Kyowa; JCR Affirmed A+/Stable and J-1 on Mitsui Chemicals; JCR Affirmed A-/Stable Long-term Issuer Rating on Yasuda Logistics; JCR Affirmed AA/Stable Long-term Issuer Rating on LaSalle LOGIPORT REIT; JCR Assigned AA to Libra A Limited Series C009; JCR Assigned SU 1(F) to Sustainability Finance Framework by HASEKO Residential Private REIT

Jan. 18, 2023: JCR Assigned A-/Stable Long-term Issuer Rating to TOA; JCR Assigned A-/Stable FC Long-term Issuer Rating to Far East Horizon Limited; JCR Affirmed A Long-term Issuer Rating on FUJI ELECTRIC; Revised Outlook to Positive; JCR Affirmed A+/Stable and J-1 on Keikyu; JCR Affirmed AA-/Stable and J-1+ on Sumitomo Warehouse; JCR Affirmed BBB+/Stable Long-term Issuer Rating on Chuo Warehouse; JCR Affirmed AA/Stable and J-1+ on Mitsubishi Logistics; JCR Affirmed AA-/Stable Long-term Issuer Rating on ROHM; JCR Affirmed AA-/Stable Long-term Issuer Rating on Hirogin HD and Hiroshima Bank; JCR Affirmed AAA/Stable Long-term Issuer Rating on Japan Student Services Organization; JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Trust Bank; JCR Assigned AAA Rating to Bonds of Metropolitan Expressway; JCR Assigned AA- to Ascent Finance Limited Series 2022-1068; [ Asset Securitization Products ] JCR Assigned Preliminary J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 23-01; [ Asset Securitization Products ] JCR Assigned Preliminary AAA, Preliminary A and Preliminary A- to Beneficial Interest 202301

Release Information: News Release; Issuer Reports; Reports relating to Issuer; JCR News