News Release

Feb. 25, 2021

JCR Affirmed A-/Stable (FC) on AEON Thana Sinsap (Thailand)

JCR Affirmed A/Stable Long-term Issuer Rating on United Super Markets Holdings

JCR Affirmed BBB+/Positive, BBB+ and J-2 on MEIDENSHA

JCR Affirmed AA+ Rating on Shoko Chukin Bank; Revised Outlook from Negative to Stable

JCR Affirmed A/Stable and A- Ratings on Bank of Nagoya

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

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

JCR Affirmed AAA/AAA (FC/LC) Ratings on Denmark with Stable outlook

JCR Affirmed AAA Ratings on The International Bank for Reconstruction and Development with Stable Outlook

JCR Affirmed AA/Stable and AA on Daiwa Office Investment Corporation

[ Asset Securitization Products ] JCR Assigned AAA to Beneficial Interest of Hayabusa

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 21-02 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 21-02

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 21-02

Feb. 24, 2021

JCR Assigned Social 1 to Long-term Loan Borrowed by Marubeni Private Real Estate Investment Trust

JCR Assigned A-/Stable Long-term Issuer Rating to Tosei Reit Investment Corporation

JCR Affirmed BB+/Stable, BB, Preliminary BB and J-3 on Mitsui E&S Holdings

JCR Affirmed A+/Stable and A+ on Aflac Incorporated
JCR Affirmed AA/Stable Long-term Issuer Rating and Ability to Pay Insurance Claims on American Family Life Assurance Company of Columbus
JCR Affirmed AA/Stable and AA- on Aflac Life Insurance Japan

JCR Affirmed AA+/Stable and AA+ on Kanagawa Prefectural Housing Supply Corporation

JCR Assigned AA- Rating to Oxygen Capital Limited Series 138

[ Asset Securitization Products ] JCR Affirmed J-1 on Dispensing Fees Receivable ABL Program (Nanba Pharmacy)

JCR Withdraws #B/Negative Foreign Currency Long-term Issuer Rating on Avation

Feb. 22, 2021

JCR Affirmed A+ Rating on Kansai Mirai Financial Group; Revised Outlook from Stable to Positive
JCR Affirmed A+ and J-1+ on Kansai Mirai Bank; Revised Outlook from Stable to Positive
JCR Affirmed A+ and A on MINATO BANK; Revised Outlook from Stable to Positive

JCR Assigned Preliminary A- Rating to Bonds of Chuo-Nittochi Group

JCR Assigned Preliminary A- Rating to Shelf Registration of SEIBU HOLDINGS

JCR Assigned Preliminary A Rating to Shelf Registration of TAKARA HOLDINGS

JCR Affirmed BBB/Stable Long-term Issuer Rating on Soken Chemical & Engineering

JCR Affirmed A/Stable, A, BBB+ and J-1 on TOYOBO

JCR Affirmed AA/Stable and AA on ORIENTAL LAND

JCR Affirmed A+p/Positive Long-term Issuer Rating on Oji Holdings

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 21-02

Feb. 19, 2021

JCR Assigned SU 1 to the 15th Bonds Issued by Nomura Real Estate Holdings

JCR Assigned BBB+ Rating to Bonds of Yanmar Holdings

JCR Assigned A Rating to Bonds of Nomura Real Estate Holdings

JCR Assigned AA- Rating to Bonds of Hankyu Hanshin Holdings

JCR Assigned A+ Rating to Bonds of Nippon Electric Glass

JCR Assigned A+ Rating to Bonds of NH Foods

JCR Assigned A+ Rating to Bonds of ACOM

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

JCR Affirmed AA/Stable and AA on Sekisui House Reit

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 21-02 (F Hospital)

Feb. 18, 2021

JCR Assigned Green 1(F) to Green Finance Framework of Japan Logistics Fund, Inc

JCR Assigned J-3 Short-term Issuer Rating to INV

Canadian Solar's Acquisition of Large Scale Properties - JCR Will Watch Growth of Operating Assets and Quality Maintenance

JCR Affirmed A+ Rating on SOSiLA Logistics REIT; Revised Outlook from Stable to Positive

JCR Assigned AA Rating to Bonds of MORI TRUST Sogo Reit

JCR Affirmed A+/Stable, A+ and Preliminary A+ on Mitsubishi Chemical Holdings

JCR Affirmed A/Stable and A on Takasago Thermal Engineering

JCR Affirmed BBB/Negative Long-term Issuer Rating on NIPPON CHEMI-CON

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

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

Feb. 17, 2021

JCR Reviewed the 12th Bonds Issued by GLP J-REIT

JCR Reviewed the 13th Bonds Issued by GLP J-REIT

ROYAL HOLDINGS's Capital and Business Tie-up with Sojitz - No Immediate Impact on Rating, but JCR Will Watch Effects on Financial Structure and Business Performance

JCR Assigned A-/Stable Long-term Issuer Rating to Tokyo Infrastructure Energy Investment Corporation

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR's Rating Review of 3 Major Shipping Companies

JCR Affirmed AAA/Stable Long-term Issuer Rating on NIPPON TELEGRAPH AND TELEPHONE

JCR Affirmed A/Stable, A, Preliminary A and BBB+ on Nippon Paper Industries

JCR Affirmed A+/Stable, A+ and J-1 on NH Foods

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 21-02

Feb. 16, 2021

JCR Assigned BBB+/Stable Long-term Issuer Rating to RETAIL PARTNERS

JCR Downgraded Rating on Namura Shipbuilding from BBB/Negative to BBB-/Negative

JCR Affirmed A+ Rating on Nissan Chemical; Revised Outlook from Stable to Positive

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to Class A Beneficial Interest 202103

Feb. 15, 2021

JCR Affirmed A+/Stable Long-term Issuer Rating on Kyoritsu Women's Educational Institution

JCR Affirmed A-/Stable Long-term Issuer Rating on Mitsuuroko Group Holdings

JCR Affirmed A-/Stable and A- on Yasuda Logistics

Feb. 12, 2021

JCR Assigned Preliminary A- Rating to Subordinated Bonds of Dai-ichi Life Holdings

JCR Assigned AAA Rating to Bonds of African Development Bank

JCR Assigned AA Rating to Bonds of Corporacion Andina de Fomento

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 21-02

Feb. 10, 2021

JCR Assigned Green 1 (Preliminary) to the 2nd Unsecured Bonds to be Issued by IINO KAIUN

JCR Assigned Green 1 (Final Evaluation) to Long Term Loan Borrowed by IINO KAIUN

JCR Assigned AAA Rating to Bonds of Metropolitan Expressway

JCR Assigned AA Rating to Bonds of MORI HILLS REIT INVESTMENT CORPORATION

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

JCR Affirmed AA/Stable Long-term Issuer Rating on DREAM Private REIT

[ Asset Securitization Products ] JCR Assigned A+ to Ganymede Limited Series 2021-2

Feb. 09, 2021

JCR Assigned AA- Rating to Bonds of LaSalle LOGIPORT REIT

JCR Affirmed AA/Stable, AA and J-1+ on Mitsubishi Logistics

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

JCR Affirmed A+/Stable Long-term Issuer Rating on Japan Net Bank

JCR Affirmed A+/Stble, A+, Preliminary A+ and J-1 on ACOM

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to Grass Park Beneficial Interest Series 4

Feb. 08, 2021

Tokyo Star Bank's 3Q Results - Loss Reporting Affects Rating Only Limitedly

JCR Assigned Social 1 (Preliminary) to the Synthetic CLO (2021) of Japan Finance Corporation

JCR Affirmed A+/Stable, A+ and J-1 on ITO EN

[ Asset Securitization Products ] JCR Assigned Preliminary AAA, AA- and AAA to Class A, B and C Bonds of Clover 2021, LLC.

Feb. 05, 2021

JCR Assigned Social 1 to Bonds of National Institution for Academic Degrees and Quality Enhancement of Higher Education

JCR Assigned AAA Rating to Bonds of National Institution for Academic Degrees and Quality Enhancement of Higher Education

JCR Assigned SU 1 to the 1st Bonds Issued by Mitsui Fudosan Logistics Park

JCR Assigned AA- Rating to Bonds of Mitsui Fudosan Logistics Park

JCR Reviewed Long-term Loan Borrowed by United Urban Investment Corporation

JCR Reviewed UUR Green Joint Trust Beneficiary Rights (UUR Green Trust)

JCR Upgraded Rating on Sumitomo Realty & Development from A+/Positive, A+, Preliminary A+ and J-1 to AA-/Stable, AA-, Preliminary AA- and J-1+

JCR Affirmed A/Stable, A, BBB+, Preliminary A and J-1 on Nomura Real Estate Holdings

JCR Affirmed AA/Stable, AA, Preliminary AA and J-1+ on Mitsui Fudosan

JCR Affirmed AA+p/Stable Long-term Issuer Rating on Mitsubishi Estate

JCR Assigned BB+ Rating to Subordinated Loan of ZENSHO HOLDINGS