Japan Credit Rating Agency, Ltd.

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Apr. 11, 2025: MINEBEA MITSUMI Announces Tender Offer for Shares of SHIBAURA ELECTRONICS—Limited Impact on Rating; JCR Affirmed A/Stable Long-term Issuer Rating on SENKO Group HD; JCR Affirmed A/Stable Long-term Issuer Rating on LOGISTEED; JCR Affirmed AA/Stable Long-term Issuer Rating on Gunma Bank; JCR Affirmed AA/Stable Long-term Issuer Rating on Sekisui House Reit; JCR Assigned A+ Rating to Subordinated Bonds of DAIWA HOUSE INDUSTRY; JCR Assigned Preliminary A Rating to Shelf Registration of Toyo Tire; JCR Assigned AA- Rating to Bonds of Hokkaido Electric Power; JCR Assigned AA- to Notes of HARP Issuer PLC Series 215

Apr. 10, 2025: JCR Affirmed AA-/Stable Long-term Issuer Rating on SEINO HD; JCR Affirmed A-/Stable Long-term Issuer Rating on Nittetsu Mining; JCR Assigned A- Rating to Bonds of SKYLARK HD; JCR Assigned BBB+ Rating to Undated Subordinated Bonds of Japan Airlines; JCR Assigned AAA Rating to Bonds of Development Bank of Japan; JCR Assigned AA Rating to Bonds of KDX Realty Investment Corporation; JCR Assigned AA to Libra A Limited Series C085-2; shirogane-kankou hotel, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; UNZENKINOKO HONPO, The Juhachi-Shinwa Bank: Second Opinion on Positive Impact Finance

Apr. 09, 2025: GENDA Announces Acquisition of Amusement Facility Operator in North America—Financial Burden Will Increase, but No Need to Immediately Revise Rating; JCR Affirmed AA-/Stable Long-term Issuer Rating on LJPFGK; JCR Assigned AAA Rating to Bonds of NTT TC Leasing; JCR Assigned A Rating to Bonds (Tier 1 with loss absorption clause) of Mizuho Financial Group; PENTA-OCEAN CONSTRUCTION: Reviewed Green Bond Evaluation: Green 1

Apr. 08, 2025: JCR Affirmed AA-/Stable and J-1+ on Asahi Group HD; JCR Affirmed AA/Stable Long-term Issuer Rating on 77 Bank; JCR Assigned Preliminary AA+ Rating to Shelf Registration of Sompo HD; JCR Assigned A Rating to SPIRE SA Series 2025-237; Results of Review of Structured Finance Products (Excluding Those to Which Credit Ratings Are Assigned) March 2025; LEQUIOS, THE KAGOSHIMA BANK: Second Opinion on Positive Impact Finance

Apr. 07, 2025: JCR Affirmed A+ Long-term Issuer Rating on Pan Pacific International HD; Revised Outlook to Positive

Issuer
Feb. 26, 2025
Malayan Banking
Dec. 26, 2024
SMFG India Credit
Dec. 18, 2024
Mapletree Investments
Dec. 12, 2024
Daewoo Engineering & Construction
Dec. 09, 2024
Slovenia, Republic of
Nov. 28, 2024
Eastern and Southern African Trade and Development Bank (The)
Eastern and Southern African Trade Fund
Nov. 08, 2024
FORVIA
Nov. 06, 2024
Toyo Tire
Oct. 31, 2024
African Development Bank (The)

Jun. 20, 2024: Highlights of General Trading Companies’ Financial Results for Fiscal Year Ended March 2024
Jun. 19, 2024: Highlights of General Heavy Machinery Manufacturers’ Financial Results for Fiscal Year 2023
Jun. 12, 2024: Highlights of Major Cement Companies’ Financial Results for Fiscal Year Ended March 2024
Jun. 10, 2024: Highlights of Major General Chemical Manufacturers’ Financial Results for Fiscal Year Ended March 2024
Jun. 07, 2024: Highlights of Major Private Railroad Companies’ Financial Results for Fiscal Year Ended March 2024
May. 24, 2024: Highlights of Major Automakers’ Financial Results for Fiscal Year Ended March 2024

Apr. 01, 2025: Rating / Outlook Change in March 2025
Apr. 01, 2025: Notice Regarding Personnel Transfers
Mar. 25, 2025: JCR Rating Transition Matrices and Cumulative Default Rates
Mar. 13, 2025: JCR Provides Second Party Opinion on Kawasaki Port CNP Green/Transition Finance Framework of Kawasaki City
Mar. 03, 2025: Rating / Outlook Change in February 2025
Feb. 20, 2025: JCR Received Special Award at the Ministry of the Environment's ESG Finance Award Japan
Feb. 18, 2025: JCR has been selected as a Member of the ICMA's Advisory Council on Sustainable Finance