News Release

Sep. 29, 2022

[ Asset Securitization Products ] JCR Assigned BB+ and Preliminary BB+ to ABL 22-09-02

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 22-09 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 22-09

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 22-09

[ Asset Securitization Products ] JCR Assigned A+ to Oxygen Capital Limited Series 163

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to Sapporo Holdings

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Bank of Yokohama to JUST AUTOMOBILE LEASING

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Hachijuni Bank to ASAHIMATSU FOODS

Sep. 28, 2022

SoftBank Group Purchases a Portion of Its U.S. Dollar Denominated Hybrid Notes - No Impact on Equity Content Evaluation or Creditworthiness

JCR Upgraded Ratings on POCKET CARD to AA-/Stable and J-1+

JCR Assigned J-1 Rating to CP of Mizuho Leasing

JCR Assigned BBB- Rating to Subordinated Loan of ZENSHO HD

[ Asset Securitization Products ] JCR Affirmed J-1+ on Monthly Clear Receivable Securitization ABL Program (Japan Securitization Corporation)

[ Asset Securitization Products ] JCR Assigned AAA to ABL 22-09

JCR Assigned AA- to SPIRE SA Series 2022-355

JCR Assigned Green 1(F) to Green Finance Framework of Restar Holdings

JCR Provided a Third Party Opinion to the Next-Generation Workstyle Support Private Placement Bonds Scheme of THE NISHI-NIPPON CITY BANK

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to Fuyo General Lease

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to MORIOKA INDUSTRY

Sep. 27, 2022

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

[ Asset Securitization Products ] JCR Assigned AA- to Ascent Finance Limited Series 2022-1048

JCR Assigned Green 1(F) to Green Bond Framework of Osaka Prefecture

JCR Provided a Third Party Opinion to Positive Impact Framework of THE NISHI-NIPPON CITY BANK

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to CMK

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by the Norinchukin Bank to RICOH LEASING

JCR Withdraws A-/Stable FC Long-term Issuer Rating on Hanwha Energy Corporation

Sep. 26, 2022

JCR Assigned Green 1(F) to Green Finance Framework of HIKARI MISO

JCR Assigned Green 1 (Preliminary Evaluation) to AEON Green Trust 202210

Sep. 22, 2022

JCR Affirmed A and J-1 on Marubeni-Itochu Steel; Revised Outlook to Positive; Change in CP Maximum Amount

JCR Affirmed A/Stable Long-term Issuer Rating on SHIP HEALTHCARE HD

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

JCR Assigned AA- Rating to Bonds of Nissay 8th Subordinated Loan Securitization Company Limited

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

Sep. 21, 2022

JCR Affirmed BBB+ Long-term Issuer Rating on Hitachi Zosen; Revised Outlook to Positive

JCR Affirmed BBB+/Stable Long-term Issuer Rating on HARIMA CHEMICALS GROUP

JCR Affirmed AAp/Stable Long-term Issuer Rating on Hitachi

JCR Affirmed AA-/Stable (FC/LC) on Slovenia

JCR Assigned AA Rating to Bonds of Industrial & Infrastructure Fund Investment Corporation

JCR Assigned Preliminary BBB+ to Clean Energy Connect Non-FIT Low-voltage Solar Power Plant Green Project Bond Trust Beneficial Interest and Trust ABL

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 22-09

[ Asset Securitization Products ] JCR Assigned A to Cypher Limited Series 534

JCR Assigned A to Earls Eight Limited Series 845

JCR Affirmed J-1+ on Jointly Operated Designated Money Trust Z

Sep. 20, 2022

Central Glass Resolves to Acquire Treasury Shares - No Immediate Impact on Rating, Progress in Future Financial Improvement to Be Closely Watched

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

JCR Affirmed AA+p/Stable Rating on Ability to Pay Insurance Claims of Japan Earthquake Reinsurance

JCR Assigned Preliminary BBB- Rating to Subordinated Loan of ZENSHO HD

[ Asset Securitization Products ] JCR Assigned AAA Rating to Hayabusa 5

[ Asset Securitization Products ] JCR Assigned AAA Rating to Hayabusa 6

[ Asset Securitization Products ] JCR Assigned AAA Rating to Hayabusa 7

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 22-09

JCR Assigned AA to Libra A Limited Series C008

JCR Affirmed AA- on Elva Funding PLC Series 2021-16, 2021-21 and 2021-26

JCR Provided a Third Party Opinion to Sustainable Linked Loan Framework of The Kyushu Railway

Sep. 16, 2022

JCR Upgraded Long-term Issuer Rating on DAIICHI JITSUGYO to A-/Stable

JCR Affirmed A-/Stable Long-term Issuer Rating on Mazda Motor

JCR Assigned AA- Rating to Bonds (Tier 2 with loss absorption clause) of Gunma Bank

JCR Provided a Third Party Opinion to Positive Impact Assessment Provided by Sumitomo Mitsui Trust Bank to Daiwa Securities Group

Sep. 15, 2022

SBI Group's Tender Offer for ARUHI - Positive Impact on ARUHI's Business Foundation

JCR Affirmed A/Stable Long-term Issuer Rating on Hokuetsu Corporation

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned Preliminary AA- to Securitization of Leases Receivable from SB 202209

JCR Assigned Preliminary AA- to Securitization of Loans Receivable from SB 202209

JCR Reviewed NGK INSULATORS' 7th Bonds (Green Bonds) Alignment to Green Bond Framework

Sep. 14, 2022

[ Asset Securitization Products ] JCR Upgraded Sumitomo Mitsui Trust Bank Credit Linked Loan 2018-2 from A to A+

JCR Affirmed AA- on SPARC Limited Series 2021-4

Sep. 13, 2022

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

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

JCR Assigned Preliminary A- Rating to Shelf Registration of Central Glass

JCR Assigned A+ Rating to Bonds of Japan Hotel REIT Investment Corporation

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 22-09

Sep. 12, 2022

JCR Upgraded Long-term Issuer Rating on ES-CON JAPAN to A+/Stable

JCR Upgraded Ratings on Malaysia to A+/AA- (FC/LC) with Stable Outlook

JCR Assigned Preliminary A- Rating to Subordinated Bonds of MORI BUILDING

JCR Assigned Preliminary A+ Rating to Shelf Registration of MORI BUILDING

[ Asset Securitization Products ] JCR Affirmed AA- on Ascent Finance Limited Series 2019-1003

[ Asset Securitization Products ] JCR Affirmed AA- on Ascent Finance Limited Series 2019-1005

JCR Affirmed AA- on Ascent Finance Limited Series 2020-1032, Ascent Finance Limited Series 2020-1035 and Ascent Finance Limited Series 2020-1043

JCR Affirmed AA- on Ascent Finance Limited Series 2020-1050

JCR Affirmed AA- on Ascent Finance Limited Series 2021-1200

Sep. 09, 2022

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

JCR Affirmed BBB/Stable Long-term Issuer Rating on TOYO KANETSU

JCR Assigned AA- Rating to Bonds of Z HD

JCR Assigned A+ Rating to Subordinated Bonds of Tohoku Electric Power

JCR Assigned Preliminary AA- Rating to Subordinated Loan of National Mutual Insurance Federation of Agricultural Cooperatives

JCR Assigned Preliminary AA- to Bonds of Zenkyoren 2nd Subordinated Loan Securitization Company Limited

JCR Assigned AA- Rating to Bonds of Global One Real Estate Investment Corporation

JCR Assigned Preliminary A+ Rating to Shelf Registration of AIR WATER

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

Sep. 08, 2022

JCR Affirmed A-/Stable Long-term Issuer Rating on San ju San Financial Group
JCR Affirmed A-/Stable Long-term Issuer Rating on San ju San Bank

JCR Assigned A+ Rating to Bonds of INFRONEER HD

JCR Assigned A Rating to Bonds of TEPCO Renewable Power

JCR Assigned Preliminary A+ Rating to Shelf Registration of Mitsubishi Chemical Group

JCR Reviewed Bond no. 2 of GPSS Holdings

JCR Reviewed Bond no. 3 of GPSS Holdings

JCR Reviewed Bond no. 4 of GPSS Holdings

Sep. 07, 2022

JCR Affirmed AA+p/Stable Long-term Issuer Rating on Astellas Pharma

JCR Assigned A+ Rating to Bonds of THK

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to ABL 22-09