News Release

Jun. 20, 2023

JCR Affirmed AA/Stable Long-term Issuer Rating on Japan Logistics Fund

[ Asset Securitization Products ] JCR Placed REIT2021-001 Class B Beneficial Interest and ABL under CM #AA-/Positive; affirmed AAA on Class A Beneficial Interest

JCR Assigned A to Ganymede Limited Series 2023-83

Highlights of Supermarket Chain Operators' Financial Results for Fiscal Year Ended February/March 2023

Jun. 19, 2023

JCR Provided a Third Party Opinion to Positive Impact Assessment Provided by Sumitomo Mitsui Trust Bank to RICOH

Jun. 16, 2023

JCR Affirmed AA-/Stable Long-term Issuer Rating on HEIWA REAL ESTATE REIT

JCR Assigned AA to Libra A Limited Series C037

JCR Assigned Preliminary AA- to Securitization of Leases Receivable from SB 202306

JCR Assigned Preliminary AA- to Securitization of Loans Receivable from SB 202306

JCR Assigned SU1(F) to Sustainability Finance Framework by United Urban Investment

JCR Reviewed Sustainability Linked Finance Framework of SUMITOMO CHEMICAL

JCR Provided a Third Party Opinion on Sustainability Linked Loan Conducted by Sumitomo Mitsui Trust Bank to SUMITOMO CHEMICAL

Jun. 15, 2023

Enex Infrastructure Investment Corporation's Property Acquisition - JCR Will Focus on Post-Acquisition Operation and Other Developments

JCR Affirmed AA-/Stable Long-term Issuer Rating on San-in Godo Bank

JCR Assigned Preliminary AA (fp) Fund Portfolio Rating to Green J-REIT Trust

JCR Assigned Preliminary J-1 to eDirect Trust N2

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 23-06

Highlights of Major Private Railroad Companies' Financial Results for Fiscal Year Ended March 2023

JCR Reviewed Green Finance Framework of Enex Infrastructure Investment

JCR Reviewed Green Finance Framework for jointly-managed money trust of Mitsubishi UFJ Trust and Banking

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

Jun. 13, 2023

ZENSHO HD Acquires SnowFox - JCR Will Watch for Impact on Financial Structure

Three Listed Investment Corporations Sponsored by Kenedix Entered into Merger Agreement - Limited Impact on Kenedix Office Investment Corporation's Rating

JCR Placed Rating on Kenedix Residential Next Investment Corporation and Kenedix Retail REIT Corporation under Credit Monitor #AA-/Positive

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned A Rating to Bonds of Japan Airlines

JCR Affirmed BB+ on Mitsubishi UFJ Trust ABL630

Jun. 12, 2023

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

JCR Assigned A-/Stable FC Long-term Issuer Rating to Canadian Solar

JCR Assigned Green 1(F) to Green Finance Framework of Yokohama Minatomirai Railway

Jun. 09, 2023

JCR Removed Credit Monitor; Downgraded Rating on Sharp to BB; Placed Negative Outlook

JCR Assigned BBB/Stable FC Long-term Issuer Rating to Energy Absolute

JCR Affirmed AA Rating on Bonds of Egypt

JCR Affirmed AAA/Stable (FC/LC) on the Netherlands

JCR Assigned A- Rating to Bonds of GMO internet group

JCR Assigned A Rating to Bonds of Resonac HD

JCR Assigned AA Rating to Bonds of Japan Freight Railway

JCR Assigned AA- Rating to Bonds of SOSiLA Logistics REIT

JCR Assigned Preliminary A+ Rating to Shelf Registration of THK

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

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

Jun. 08, 2023

JCR Affirmed A-/Stable Long-term Issuer Rating on TONO SHINKIN BANK

JCR Affirmed AA/Stable Long-term Issuer Rating on Hulic Reit

JCR Assigned AA Rating to Bonds of Sumitomo Mitsui Finance and Leasing

Highlights of Warehouse Companies' Financial Results for Fiscal Year Ended March 2023

Jun. 07, 2023

JCR Affirmed A-/Stable Long-term Issuer Rating on RYODEN

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

Highlights of Major General Chemical Manufacturers' Financial Results for Fiscal Year Ended March 2023

Jun. 06, 2023

JCR Solicits Public Comments on Revisions to Rating Methodology for "Medical Institutions"

JCR Solicits Public Comments on Establishment of Rating Methodology by Sector "Auto Parts Manufacturers"

Change in CP Maximum Amount of Toyo Tire; Affirmed J-1

JCR Assigned BBB+ Rating to Bonds of AIFUL

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

Jun. 05, 2023

JCR Affirmed A-/Stable Long-term Issuer Rating on SHINNIHON

JCR Affirmed AA-/Stable and J-1+ on Marubeni

JCR Assigned Green 1(F) to Green Finance Framework of YAMATO HOLDINGS

Jun. 02, 2023

Trends in Economic Value-Based Solvency Regulations and Others

JCR Affirmed AA-/Stable and J-1+ on Sumitomo Metal Mining

JCR Affirmed BBB+/Negative and J-2 on MARUDAI FOOD

JCR Affirmed AAA/AAA (FC/LC) Ratings on Belgium with Stable Outlook

JCR Assigned A- Rating to Bonds of Kobe Steel

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned AA- to Ganymede Limited Series 2023-70

Highlights of Food Service Companies' Financial Results for Fiscal Year 2022

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

JCR Assigned Green 1(F) and Blue 1(F) to Green/Blue Bond Framework of Iwate Prefecture

JCR Reviewed Green Financing Framework of Daiwa Office Investment

Jun. 01, 2023

Partial Revisions of Several Rating Methodologies

JCR Affirmed AA/Stable Long-term Issuer Rating on Hachijuni Bank
JCR Removed Credit Monitor; Upgraded Rating on NAGANOBANK to AA; Placed Stable Outlook

JCR Assigned AA- Rating to Bonds of Sumitomo Realty & Development

JCR Assigned AA Rating to Bonds of Sekisui House

JCR Assigned A Rating to Bonds of NEC Capital Solutions

JCR Assigned AA- Rating to Bonds (with no financial covenants) of Sumitomo Mitsui Financial Group

[ Asset Securitization Products ] JCR Affirmed AAA on Class A Beneficial Interest and ABL 202003, 202009, 202103, 202109, 202203, and 202301

May. 31, 2023

JCR Removed Credit Monitor; Downgraded Rating on Sumitomo Mitsui Construction to BBB+; Placed Negative Outlook

JCR Assigned A- Rating to Bonds of SAPPORO HD

JCR Assigned A+ Rating to Bonds of Fuyo General Lease

JCR Assigned AA Rating to Bonds of Mitsui Fudosan

Highlights of Five Major Real Estate Companies' Financial Results for Fiscal Year Ended March 2023

[ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank A Corporation Bills & Electronically Recorded Receivables ABL 23-05

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Akimori Rebar

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Yamanashi Chuo Bank to YITOA MICRO TECHNOLOGY

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to Senko corporation

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

May. 30, 2023

JCR Upgraded Long-term Issuer Rating on TOMY to BBB+/Stable

JCR Downgraded Long-term Issuer Rating on KONICA MINOLTA to A/Stable

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

Change in CP Maximum Amount of NIPPON STEEL TRADING; Affirmed J-1+

JCR Assigned A- Rating to Bonds of eREX

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Trust Bank

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 23-05

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 23-05

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 23-05 (D Hospital)

Highlights of Special Steel Manufacturers' Financial Results for Fiscal Year Ended March 2023

JCR Provided a Third Party Opinion to the Human Capital Management Impact Finance Framework of Mizuho Bank and Mizuho Research & Technologies

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

JCR Assigned Green 1 to Silent Partnership Investment(Green Equity) in Earth Infrastructure Fund

May. 29, 2023

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

JCR Upgraded Long-term Issuer Rating on Shin-Etsu Chemical to AAAp/Stable