News Release

Apr. 28, 2023

JCR Assigned Green 1 (T)(F) and Provided a Third Party Opinion on Suitability for the Sustainability-Linked Bond Principles and Sustainability Linked Loan Principles to Sustainable Finance Framework of the Chugoku Electric Power

JCR Reviewed Green Financing Framework of ARUHI

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

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Hyakugo Bank to Nalux

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to KOYAMA Precision Machine

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Nishi-Noppon City Bank to SANKOU

Apr. 27, 2023

Change in CP Maximum Amount of Daio Paper; Affirmed J-1

JCR Affirmed AA/Stable Long-term Issuer Rating on Concordia Financial Group, Bank of Yokohama and Higashi-Nippon Bank

JCR Affirmed A-/Stable (FC) and A/Stable (LC) on Peru

JCR Affirmed AA+/Stable (FC/LC) on Hong Kong

JCR Affirmed A/Stable Long-term Issuer Rating on Samty Residential Investment

JCR Assigned A- Rating to Bonds of COSMO ENERGY HD

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

JCR Assigned A- to Ganymede Limited Series 2023-47

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 23-04 (D Hospital)

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to Mitsui O.S.K. Lines

JCR Provided a Third Party Opinion to the Impact Deposit Framework of The Shoko Chukin Bank

JCR Removed Credit Monitor; Downgraded Rating on UNIZO HD to D

Apr. 26, 2023

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

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

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

Change in CP Maximum Amount of Yokohama Rubber; Affirmed J-1

JCR Affirmed AA-/Stable and J-1+ on JAPAN SECURITIES FINANCE

JCR Affirmed AA-/Stable and J-1+ on JSF Trust and Banking

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

JCR Affirmed AAA/Stable (FC/LC) on Australia

JCR Assigned AA+ Rating to Bonds of Mitsubishi Estate

JCR Assigned AA to Libra A Limited Series C014

Apr. 25, 2023

JCR Affirmed A+ and J-1 on Takashimaya; Revised Outlook to Stable

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

JCR Affirmed AAAp/Stable and J-1+ on East Japan Railway

JCR Affirmed AA+p/Stable Long-term Issuer Rating on West Japan Railway

JCR Assigned A- Rating to Bonds of Nippon Paper Industries

Apr. 24, 2023

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

JCR Affirmed AA+/Stable Long-term Issuer Rating on BRIDGESTONE

JCR Affirmed AA/Stable (FC/LC) on Spain

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

Apr. 21, 2023

JCR's Rating Review of City Gas Companies

JCR Affirmed BBB/Stable Long-term Issuer Rating on TOTTORI BANK

JCR Assigned AA+ Rating to Bonds of Sompo HD

JCR Assigned BBB+ Rating to Bonds of Cantor Fitzgerald

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 23-04

JCR Assigned Social 1 to Bonds of Sompo Holdings

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

JCR Updated a Third Party Opinion to Positive Impact Finance Provided by MUFG Bank to Mitsubishi Electric

Apr. 20, 2023

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned AA- Rating to Subordinated Loan of Nippon Life Insurance

[ Asset Securitization Products ] JCR Downgraded Earls Four Limited Series 1075 to A-

[ Asset Securitization Products ] JCR Affirmed A- on Earls Four Limited Series 1076

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to KEIHAN-KYUHO HD

Apr. 19, 2023

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

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

JCR Assigned A- Rating to Bonds (Tier 1 with loss absorption clause) of Sumitomo Mitsui Financial Group

Apr. 18, 2023

JCR Upgraded Long-term Issuer Rating on SECOM GENERAL INSURANCE to AA+/Stable

JCR Affirmed A- Long-term Issuer Rating on SENKO Group HD; Revised Outlook to Positive

JCR Affirmed AA-/Stable and J-1+ on Asahi Group HD

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

Apr. 17, 2023

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

JCR Affirmed AA-/Negative Long-term Issuer Rating on Coca-Cola Bottlers Japan HD

JCR Affirmed A+/Stable Long-term Issuer Rating on SUMITOMO HEAVY INDUSTRIES

[ Asset Securitization Products ] JCR Affirmed A on JETS International Five Limited Series 317

Apr. 14, 2023

JCR Removed Credit Monitor; Upgraded Rating on NIPPON STEEL TRADING to AA- and J-1+; Placed Stable Outlook

JCR Affirmed AA/Stable Long-term Issuer Rating on Gunma Bank

JCR Assigned BBB Rating to Subordinated Bonds of SoftBank Group

JCR Assigned A Rating to Bonds of DIC

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Assigned AA+ Rating to Bonds of Kanagawa Prefectural Housing Supply Corporation

JCR Assigned BBB to BCPG Nagano Komagane Green Project Bond Trust Trust ABL

JCR Assigned Social 1(F) to Social Finance Framework of Japan Student Services Organization

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to K’s Planning

Apr. 13, 2023

JCR Affirmed BBB+ Long-term Issuer Rating on IINO KAIUN; Revised Outlook to Positive

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

JCR Affirmed A-/Stable Long-term Issuer Rating on Nittetsu Mining

JCR Affirmed AA/Stable Long-term Issuer Rating on 77 Bank

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Central American Bank for Economic Integration

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

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned Preliminary AA Rating to Shelf Registration of Mitsui Fudosan

Apr. 12, 2023

JCR Affirmed BBB+ on SPARX Biomass Green Project Bond Trust (Toki) Beneficial Interest and Trust ABL

JCR Assigned Green 1(F) to Green Finance Framework for Jointly-managed Money Trust of Mitsubishi UFJ Trust and Banking

Apr. 11, 2023

JCR Assigned Preliminary A Rating to Shelf Registration of Toyo Tire

[ Asset Securitization Products ] JCR Affirmed AA- on Securitization of Loans Receivable 202203

Apr. 10, 2023

JCR Affirmed A/Stable and J-1 on KAGOME

JCR Affirmed A/Stable and J-1 on Mitsui DM Sugar HD

Apr. 07, 2023

Change in CP Maximum Amount of SUMITOMO CHEMICAL; Affirmed J-1

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Sanyo Electric Railway

JCR Assigned Preliminary A Rating to Shelf Registration of DIC

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned AA- Rating to Bonds of Hulic

JCR Assigned AA- Rating to Bonds of Tokyo Century

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

[ Asset Securitization Products ] JCR Affirmed AAA on JHF-guaranteed RMBS ABL Program and RMBS ABL Program (00013881)

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Hyogo Timber Center

Apr. 06, 2023

JCR Assigned J-1 to Power Trust Neo SoftBank Group

Apr. 05, 2023

JCR Affirmed BBB/Stable FC Long-term Issuer Rating on Adaro Energy Indonesia