News Release

Aug. 31, 2022

JCR Affirmed AA on SPIRE SA Series 2021-228

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

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to Sanwa Kaihatu

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to SAKURAI METAL

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to NAGASAWA METAL

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

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to Smart Resource

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

JCR Provided a Third Party Opinion to Positive Impact Assessment provided by Sumitomo Mitsui Trust Bank to SAPPORO HOLDINGS

JCR Provided a Third Party Opinion on Sustainability Linked Loans conducted by Sumitomo Mitsui Trust Bank to RICOH LEASING

JCR Assigned Green 1(F) to Green Finance Framework of Marukyu

JCR Assigned Green 1(F) to Green Finance Framework of KENEDIX Private Investment Corporation

JCR Assigned Green 1 to Trust Beneficiary Rights 202208 (Contract No.210299)

JCR Withdraws J-1 Rating on CP of Seibu Oil

Aug. 30, 2022

JCR Upgraded Long-term Issuer Rating on Starts Proceed Investment Corporation to A/Stable

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

JCR Affirmed BBB Long-term Issuer Rating on Sanken Electric; Revised Outlook to Positive

JCR Affirmed A/Stable Long-term Issuer Rating on KATO SANGYO

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

JCR Affirmed A/Stable Long-term Issuer Rating on Nisshin OilliO Group

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned A+ Rating to Bonds of NSK

JCR Assigned AA- Rating to Bonds of Nomura Holdings

[ Asset Securitization Products ] JCR Upgraded Rating on Earls Four Limited Series 1075 to A

[ Asset Securitization Products ] JCR Upgraded Rating on Earls Four Limited Series 1080 to A

[ Asset Securitization Products ] JCR Upgraded Rating on Earls Four Limited Series 1081 to A

JCR Upgraded Rating on Neon Capital Limited Series 781 to BBB+

JCR Upgraded Rating on Earls Eight Limited Series 843 to A-

[ Asset Securitization Products ] JCR Affirmed A- Rating on Earls Eight Limited Series 772

[ Asset Securitization Products ] JCR Affirmed A- Rating on Earls Eight Limited Series 773

JCR Assigned AA Rating to SPIRE SA Series 2022-324

[ Asset Securitization Products ] JCR Affirmed A Rating on JETS International Five Limited Series 48

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

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 22-08 (D Hospital)

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

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to Fuji Sangyo

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by JA Mitsui Leasing to GPSS Holdings

Aug. 29, 2022

JCR Affirmed BBB+/Stable Long-term Issuer Rating on FIDEA HD, SHONAI BANK and Hokuto Bank

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

JCR Assigned Preliminary AA- Rating to Shelf Registration of Sumitomo Realty & Development

JCR Affirmed AA- on Commitment Line of PASMO

[ Asset Securitization Products ] JCR Assigned Preliminary A and Preliminary J-1 to Beneficial Interest and ABL of Take 2022-01

JCR Affirmed A+ Rating on Spica Limited Series 2007-S03

JCR Affirmed A+ on MASCOT II Limited Series 1501-01J

JCR Affirmed A+ on Mirach Limited Series 1904-03

JCR Affirmed A+ on Mirach Limited Series 2003-M02

JCR Affirmed A+ on Mirach Limited Series 2004-M01

JCR Affirmed A+ on ZEST Investments B Series 1502-B01

JCR Affirmed A+ on Nomura Trust Bank Trust Bonds no. 203

JCR Provided a Third Party Opinion on Sustainability Linked Loan to Daiei Real Estate & Development

JCR Provided a Third Party Opinion to Positive Impact Framework of Sumitomo Mitsui Trust Bank

JCR Provided a Third Party Opinion to Positive Impact Assessment Provided by Sumitomo Mitsui Trust Bank, to Tokyu Fudosan Holdings

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

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

JCR Assigned Green 1(F) to Green Finance Framework of HEIWA REAL ESTATE REIT

JCR Assigned SU 1(F) to Sustainability Finance Framework of Marubeni Private Real Estate Investment Trust

JCR Assigned Green 1 to Long-term Loan to Marubeni Private Real Estate Investment Trust

Aug. 26, 2022

JCR Upgraded Long-term Issuer Rating on GS Yuasa to A/Stable; Affirmed J-1 on CP

JCR Upgraded FC Long-term Issuer Rating on Deutsche Bank to Ap/Stable

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

JCR Affirmed AA-/Stable and J-1+ on Hankyu Hanshin HD

JCR Affirmed A-/Stable Long-term Issuer Rating on Sumitomo Mitsui Construction

JCR Assigned A Rating to Bonds of Sumitomo Riko

JCR Assigned AA+ Rating to Bonds of JAPAN POST HD

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