News Release

Aug. 26, 2022

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

JCR Assigned A- Rating to Bonds of Mexico

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

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

[ Asset Securitization Products ] JCR Affirmed BBB+ on ABL 21-06-02

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to GODO LOGISTICS

Aug. 25, 2022

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

JCR Affirmed BBB-/Stable and J-2 on Toho Zinc

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

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

JCR Assigned A Rating to Bonds of JA MITSUI LEASING

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Assigned Preliminary A Rating to Shelf Registration of Tokyo Tatemono

JCR Affirmed A+ on Beneficial Interest and ABL of Securitization of Loans Receivable

JCR Assigned AA to Libra A Limited Series C007

JCR Assigned SU 1(F) to Sustainability Finance Framework of GLP Japan

Aug. 24, 2022

JCR Upgraded Rating on DAIKEN to A-/Stable and J-1

JCR Affirmed A- and J-1 on Sojitz; Revised Outlook to Positive

JCR Affirmed BBB+ Long-term Issuer Rating on Japan Medical Alliance; Revised Outlook to Positive

JCR Affirmed A/Stable and J-1 on HEIWADO

JCR Affirmed BBB/Stable Long-term Issuer Rating on Central Tanshi FX

JCR Affirmed AA-/Stable Long-term Issuer Rating on Global One Real Estate Investment Corporation

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Provided a Third Party Opinion on Sustainability Linked Loans to DIC

Aug. 23, 2022

JCR Upgraded Long-term Issuer Rating on Nippon Yakin Kogyo to BBB+/Stable

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

JCR Affirmed BBB+/Stable and J-2 on ICHINEN HD

JCR Affirmed A-/Stable Long-term Issuer Rating on KYOEI STEEL

JCR Affirmed A-/Stable and J-1 on NIPRO

JCR Affirmed A-/Stable Long-term Issuer Rating on FOOD & LIFE COMPANIES

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

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

JCR Assigned A+ Rating to Bonds of LIXIL

JCR Assigned Preliminary A+ Rating to Shelf Registration of Fuyo General Lease

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 22-08

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 22-08

JCR Provided a Post-issuance Verification Report to Bonds no.10 (Sustainability Linked Bonds) Issued by Hulic

JCR Provided a Third Party Opinion on Sustainability Linked Loans to Fukuoka REIT Corporation

Aug. 22, 2022

JCR Affirmed A-/Stable and J-1 on VALOR HD; Change in CP Maximum Amount

JCR Affirmed AA-/Stable and J-1+ on Mitsubishi Heavy Industries

JCR Affirmed A+/Stable and J-1 on Yokohama Rubber

JCR Assigned Preliminary AAA Rating to Shelf Registration of Development Bank of Japan

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (Kyokuhoukai Medical Association, Asahikawa Sanai Hospital)

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (L Hospital)

Aug. 19, 2022

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

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

JCR Affirmed A+/Stable Long-term Issuer Rating on Nishi-Nippon Railroad

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned Preliminary AA Rating to Shelf Registration of Chugoku Electric Power

JCR Assigned AAA Rating to Bonds of Japan Student Services Organization

Aug. 18, 2022

AOKI HD's Former Directors and Executive Officer Arrested on Suspicion of Bribery - No Immediate Impact on Rating; JCR Will Monitor the Future Developments

JCR Affirmed BB (FC/LC) Long-term Issuer Rating on Turkey; Revised Outlook to Negative

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

[ Asset Securitization Products ] JCR Assigned Preliminary AAA, Preliminary A and Preliminary A- to Beneficial Interest 202208

JCR Provided a Third Party Opinion on Sustainability Linked Loans to Daiwa House REIT Investment Corporation

JCR Assigned Green 1 (Preliminary Evaluation) to Loans Borrowed by Daiwa House REIT Investment Corporation

Aug. 16, 2022

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

Change in CP Maximum Amount of HIKARI TSUSHIN; Affirmed J-1

Aug. 15, 2022

JCR Affirmed A/Stable Long-term Issuer Rating on TOBU RAILWAY

JCR Affirmed A+/Stable and J-1 on Nippon Electric Glass; Assigned Preliminary A+ to Shelf Registration

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 22-08

Aug. 12, 2022

JCR Upgraded Long-term Issuer Rating on Kawasaki Kisen to BBB+/Positive; Affirmed J-2 on CP

JCR Affirmed A-/Stable and J-1 on Chuo-Nittochi Group

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

JCR Affirmed AAA/Stable Long-term Issuer Rating on African Development Bank; Assigned AAA to Bonds

JCR Assigned Preliminary AA Rating to Shelf Registration of Sumitomo Mitsui Finance and Leasing

[ Asset Securitization Products ] JCR Assigned A to Senior Beneficial Interest 7931601 Series 1

Aug. 10, 2022

JCR Affirmed A/Negative Long-term Issuer Rating on Japan Airlines

JCR Affirmed A/Stable Long-term Issuer Rating on Canadian Solar Infrastructure Fund

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

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Reviewed Green Finance Framework of Kenedix Office Investment Corporation

Aug. 09, 2022

JCR Provided a Post-issuance Verification Report to Bonds no.5 (Sustainability Linked Bonds) Issued by Arakawa Chemical Industries

Aug. 08, 2022

Nippon Paper Industries Has Announced Financial Projection for FY2022 - Roadmap to Future Profit Improvement Will Be Closely Watched

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

JCR Assigned Preliminary AA Rating to Shelf Registration of Kansai Electric Power

JCR Assigned Preliminary AA Rating to Shelf Registration of Tohoku Electric Power

JCR Provided a Third Party Opinion on Nissay Green Loan Framework by Nippon Life Insurance

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

JCR Assigned SU 1(F) to Sustainability Finance Framework of Saitama Prefecture

Aug. 05, 2022

JCR Affirmed A-/Stable and J-1 on Central Glass

JCR Affirmed AA/Stable Long-term Issuer Rating on TOYOTA BOSHOKU

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

JCR Assigned A+ Rating to Bonds of YOKOHAMA MINATOMIRAI RAILWAY

JCR Assigned AA+ Rating to Bonds of NTT TC Leasing

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned AA+ Rating to Bonds of NEW KANSAI INTERNATIONAL AIRPORT

JCR Assigned Preliminary AA- Rating to Shelf Registration of AEON REIT Investment Corporation

[ Asset Securitization Products ] JCR Affirmed BBB- on ABL 21-05

JCR Assigned Green 1(Preliminary Evaluation) to Public Bonds of Nagano Prefecture

JCR Provided a Third Party Opinion to Positive Impact Framework of The Chiba Bank

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Chiba Bank to CHIBAGIN LEASING

Aug. 04, 2022

JCR Affirmed BBB+/Stable Long-term Issuer Rating on HEIWA REAL ESTATE

JCR Assigned AA+ Rating to Bonds of Nippon Prologis REIT

Aug. 03, 2022

JCR Upgraded Long-term Issuer Rating on Ferrotec HD to BBB/Positive

Decrease in CP Maximum Amount of Kansai Electric Power; Affirmed J-1+

JCR Affirmed A-/Stable FC Long-term Issuer Rating on Vena Energy HD and Vena Energy Capital

JCR Assigned AA+ Rating to Bonds of NARITA INTERNATIONAL AIRPORT

JCR Assigned Preliminary A+ Rating to Shelf Registration of Keikyu