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Sep. 11, 2026

JCR Assigned J-1+ Rating to CP of AIR WATER

JCR Affirmed A- Long-term Issuer Rating on Kanamoto; Revised Outlook to Positive

JCR Affirmed AA/Stable and J-1+ on Mori Trust HD

JCR Affirmed AA/Stable Long-term Issuer Rating on Eurus Energy HD

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

JCR Removed Credit Monitor; Affirmed A on Aichi Financial Group and Aichi Bank, and A- on San ju San Financial Group and San ju San Bank; Placed Stable Outlook

JCR Assigned A- Rating to Bonds of ARATA

JCR Assigned AA+ Rating to Bonds of Kansai Electric Power

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned BBB+ Rating to Bonds of FURUKAWA

JCR Assigned A Rating to Bonds of Yasuda Real Estate

JCR Assigned AA Rating to Bonds of JCB

JCR Assigned #AA-/Negative Rating to Bonds (Tier 2 with loss absorption clause) of Gunma Bank

JCR Assigned A+ Rating to Subordinated Bonds of Tokyo Century

JCR Assigned A Rating to Bonds (Tier 1 with loss absorption clause) of Mitsubishi UFJ Financial Group

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned Preliminary A- Rating to Shelf Registration of Central Glass

JCR Downgraded Long-term Issuer Rating on Hanwha Solutions to A-/Stable; Withdraws A- (FC)

JCR Assigned Preliminary A Rating to Loan of Ishikari Biomass Power GK

Joint Green Bond Issuers (Local Governments): Assigned Green 1 to Joint Local Government Green Bond 8th

ORIX JREIT, Sumitomo Mitsui Trust Bank: Second Opinion on Positive Impact Assessment

Carifood, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

SYOGUN　JAPN, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

MORI-FLOCKY, The Chugoku Bank: Second Opinion on Positive Impact Finance

Sep. 10, 2026

JCR Downgraded FC Long-term Issuer Rating on Lotte Chemical to A-/Stable

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Jimoto HD, Kirayaka Bank and SENDAI BANK

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

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Chikuho Bank

JCR Affirmed AAA/Stable Long-term Issuer Rating on Arab Bank for Economic Development in Africa

JCR Affirmed A-/Stable (FC) and A/Stable (LC) on Oriental Republic of Uruguay