News Release

Apr. 08, 2022

JCR Assigned Preliminary AA- Rating to Bonds of Nissay 7th Subordinated Loan Securitization Company Limited

JCR Assigned BBB+ Rating to Bonds of Cantor Fitzgerald

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned Preliminary A Rating to Shelf Registration of UBE

Apr. 07, 2022

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

JCR Affirmed A-/A+ (FC/LC) Ratings on Mexico; Revised Outlook to Stable

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

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

Apr. 06, 2022

JCR Downgraded Rating on Russian Federation to #C/Negative; Maintains Credit Monitor

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

JCR Affirmed AA/Stable Long-term Issuer Rating on NITTO DENKO

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

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

Apr. 05, 2022

JCR Affirmed A+/Stable Long-term Issuer Rating on YOKOHAMA MINATOMIRAI RAILWAY

[ Asset Securitization Products ] JCR Affirmed AAA on Grass Park Beneficial Interest Series 1

Apr. 04, 2022

Central Glass to Transfer Automotive Glass Business in the U.S. and Europe - Limited Impact on Rating

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

JCR Assigned Preliminary A Rating to Shelf Registration of SCSK

[ Asset Securitization Products ] JCR Affirmed A- on JETS International Four Limited Series 121

Apr. 01, 2022

Mitsui E&S HD Resolves to Issue Preferred Shares and Stock Acquisition Rights - Underpinning Creditworthiness

JCR Affirmed BBB/Stable and J-2 on JALUX

Increase in CP Maximum Amount of Sojitz; Affirmed J-1

JCR Affirmed AAA/Stable Long-term Issuer Rating on Asian Development Bank

JCR Assigned Preliminary A+ Rating to Shelf Registration of HASEKO

JCR Assigned AA to SPIRE SA Series 2022-41

JCR Provided a Third Party Opinion to the Positive Impact Framework of The Senshu Ikeda Bank

JCR Withdraws A-/Stable Long-term Issuer Rating on SAITAMAKEN SHINKIN BANK

Mar. 31, 2022

JCR Downgraded FC Long-term Issuer Rating on Credito Real, S.A.B. de C.V., SOFOM, E.N.R. to LD

JCR Affirmed AA- Long-term Issuer Rating on Coca-Cola Bottlers Japan HD; Revised Outlook to Negative

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

JCR Affirmed BBB+/Stable Long-term Issuer Rating on NAGATANIEN HD

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

JCR Affirmed A-/Stable and J-1 on Orient Corporation

JCR Assigned BBB- Rating to Subordinated Loan of Hitachi Zosen

JCR Assigned A- to Ecology Trust Bond Ga 4th Fund Trust Bonds and Trust ABL

JCR Assigned AA- to Securitization of Leases Receivable from SB 202203

JCR Assigned AA- to Securitization of Loans Receivable from SB 202203

[ Asset Securitization Products ] JCR Assigned AAA to Class A Beneficial Interest 202203

JCR Reviewed Green Finance Framework of Hoshino Resorts

JCR Assigned Green 1 (Final Evaluation) to Long-term Loan Borrowed by Mitsubishi Electric Credit

JCR Assigned SU 1(F) to Sustainability Finance Framework of Proximar Seafood

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by The Norinchukin Bank to HEIWA REAL ESTATE

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Bank of Yokohama to Fujiya Hotel

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by MUFG Bank to MITSUBISHI MOTORS

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

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by Sumitomo Mitsui Banking to HOKUTO

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by MUFG Bank to HOKUTO

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by THE HACHIJUNI BANK to HOKUTO

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

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

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

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to Okamoto Doseki Kougyo

JCR Withdraws BBB+/Stable Long-term Issuer Rating on Nippon Fine Chemical

Mar. 30, 2022

JCR Provided a Third Party Opinion on Sustainability Linked Bonds of DIC

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

JCR Affirmed A-/Stable Long-term Issuer Rating on Tokyo Kiraboshi Financial Group
JCR Affirmed A-/Stable Long-term Issuer Rating on Kiraboshi Bank

JCR Assigned Preliminary A+ Rating to Shelf Registration of Denka

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 22-03 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 22-03

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 22-03

[ Asset Securitization Products ] JCR Assigned A- to Cypher Limited Series 521

JCR Assigned SU 1(F) to Sustainability Bond Framework of Osaka University

JCR Assigned Green 1(F) to Green Finance Framework of Broadia Private REIT

JCR Assigned Social 1 to Long-term Loan Borrowed by Tesshokai

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

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

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Taki Souko

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Dai-ichi Metal Industry

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

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Yamauti Shouten

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to NOBLE Electronic Industry

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Fuji Ceramics

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

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to AIKAWA Iron Works

Mar. 29, 2022

JCR Upgraded Long-term Issuer Rating on Mitsui DM Sugar HD to A/Stable; Affirmed J-1 on CP

JCR Affirmed BBB+/Stable Long-term Issuer Rating on IINO KAIUN

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on Maruichi Steel Tube

JCR Affirmed BBB+ and J-2 on MARUDAI FOOD; Revised Outlook to Negative

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

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

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

JCR Assigned BBB to BRS Mega Solar Project Bond Trust 1 Beneficial Interest and Trust ABL

[ Asset Securitization Products ] JCR Assigned A Rating to BEP Senior Beneficial Interest/ABL 202203

[ Asset Securitization Products ] JCR Affirmed BBB+ on JETS International Five Limited Series 176

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

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Surugano Holdings

Mar. 28, 2022

Yokohama Rubber to Acquire Trelleborg Wheel Systems Holding AB - Synergy Creation and Financial Improvement Will Be Closely Watched

JCR Assigned Preliminary A Rating to Shelf Registration of POCKET CARD

JCR Assigned AA- to Ascent Finance Limited Series 2022-1009

JCR Conducted Evaluation of Conformity of the Bonds and Repo the Transactions Issued by Shinsei Bank to the Sustainability Finance Framework

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by THE SAN-IN GODO BANK to Earth support

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to Oki Electric Industry