News Release

Apr. 22, 2022

JCR Assigned A- Rating to Bonds of eREX

JCR Assigned AAA Rating to Bonds of National University Corporation Osaka University

JCR Assigned A- Rating to Bonds of Showa Denko

JCR Assigned A+ Rating to Bonds of Fuyo General Lease

JCR Assigned Preliminary A+ Rating to Shelf Registration of SUMITOMO CHEMICAL

[ Asset Securitization Products ] JCR Withdraws Preliminary AAA Rating on Grass Park Beneficial Interest Series 5

Apr. 21, 2022

JCR Affirmed AA- Long-term Issuer Rating on Comforia Residential REIT; Revised Outlook to Positive

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

JCR Affirmed A+/Stable Long-term Issuer Rating on SUMITOMO HEAVY INDUSTRIES

JCR Affirmed AA/Stable Long-term Issuer Rating on Concordia Financial Group, Bank of Yokohama and Higashi-Nippon Bank

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned BBB+ to Earls Eight Limited Series 843

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 22-04

Apr. 20, 2022

Increase in CP Maximum Amount of Mitsui Chemicals; Affirmed J-1

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned Preliminary A Rating to Shelf Registration of TEPCO Power Grid

Apr. 19, 2022

JCR Affirmed AA Long-term Issuer Rating on 77 Bank; Revised Outlook to Stable

JCR Affirmed AA-/Stable Long-term Issuer Rating on Hankyu Hanshin REIT

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Bank of Kyoto to KASHIFUJI WORKS

Apr. 18, 2022

JCR Affirmed A/Stable and J-1 on KAGOME

JCR Affirmed AA-/Stable Long-term Issuer Rating on LJPFGK

JCR Withdraws BBB/Positive Long-term Issuer Rating on Sodick

Apr. 15, 2022

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Sanyo Electric Railway

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

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Assigned AA+ Rating to Bonds of Kanagawa Prefectural Housing Supply Corporation

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

Apr. 14, 2022

JCR Removed Credit Monitor; Downgraded Russian Federation to LD(FC); Affirmed #C/Negative(LC); Withdraws LD(FC) and #C/Negative(LC)

JCR Affirmed A/Stable and J-1 on Tokyo Tatemono

Increase in CP Maximum Amount of PayPay Card; JCR Affirmed J-1+

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

JCR Affirmed AA-/AA(FC/LC) on Czech Republic with Stable Outlook

JCR Assigned AA- Rating to Bonds of KKR Group Finance Co. XI

[ Asset Securitization Products ] JCR Affirmed A+ on Ganymede Limited Series 2021-2

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 22-04

Apr. 13, 2022

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

JCR Affirmed BBB and J-2 on JK HD; Revised Outlook to Positive

JCR Affirmed AA/Stable Long-term Issuer Rating on Gunma Bank

[ Asset Securitization Products ] JCR Assigned A- to Earls Four Limited Series 1076

Apr. 12, 2022

JCR Assigned Preliminary AA- Rating to Bonds of KKR Group Finance Co. XI

JCR Affirmed AA-/Stable and J-1+ on Asahi Group HD

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

JCR Affirmed BBB+/Stable and J-2 on TOSHIBA

JCR Affirmed A-/Stable Long-term Issuer Rating on Nittetsu Mining

JCR Affirmed A+/Stable and J-1 on NIPPON SANSO HD

JCR Affirmed AA+/Stable on NEW KANSAI INTERNATIONAL AIRPORT and KANSAI INTERNATIONAL AIRPORT LAND

JCR Assigned A- Rating to Bonds of the Philippines

JCR Assigned Preliminary A- Rating to Shelf Registration of ANA HD

Apr. 11, 2022

JCR Affirmed AA-/Stable Long-term Issuer Rating on Kenedix

JCR Assigned Green 1 to the Long Term Loan Borrowed by JX Metals Circular Solutions Europe

Apr. 08, 2022

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

JCR Affirmed A-/Stable Long-term Issuer Rating on SENKO Group HD

JCR Assigned AA Rating to Bonds of Kansai Electric Power

JCR Assigned AA Rating to Bonds of Chubu Electric Power

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

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