JCR has assigned AA+p, AA+p, AA+p and AAp ratings to the local government bonds of Fukushima, Gunma, Gifu and Kumamoto Prefectures, respectively.

Fukushima AA+p
Gunma AA+p
Gifu AA+p
Kumamoto AAp

Twenty nine publicly issued local bonds that have been already rated by JCR are as follows:

¡¡Prefectural Governments Cities
Hokkaido AA-p Sapporo AA+p
Miyagi AA+p Sendai AA+p
Ibaraki AAp Saitama AAp
Chiba AAp Yokohama AAp
Tokyo AA+p Kawasaki AA+p
Kanagawa AAp Nagoya AAp
Niigata AA+p Kyoto AA-p
Nagano AAp Osaka AA-p
Shizuoka AA+p Hiroshima AA-p
Kyoto AA+p Kitakyushu AA+p
Osaka AA-p Fukuoka AAp
Hyogo AAp
Hiroshima AAp
Fukuoka AA+p






Note: 'p' Rating
A 'p' rating is based mainly on an analysis of public information and is given to entities that have not requested a rating. A 'p' rating is shown with a 'p' subscript.