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Dec. 19, 2025

JCR Removed Credit Monitor; Upgraded Rating on Sumitomo Riko to AA; Placed Stable Outlook

JCR Affirmed A-/Stable and J-1 on TOA

JCR Affirmed A-/Stable Long-term Issuer Rating on Southern TOHOKU Research Institute for Neuroscience

JCR Affirmed AA-/Stable and J-1+ on Nissan Chemical

JCR Affirmed AA/Stable Long-term Issuer Rating on Advance Residence Investment Corporation

JCR Affirmed AA-/Stable Long-term Issuer Rating on Japan Excellent

JCR Affirmed A-/Stable Long-term Issuer Rating on marimo Regional Revitalization REIT

so-rin, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan

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

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

KSY Energy Partners, THE KAGOSHIMA BANK: Second Opinion on Positive Impact Finance

HOKKAIDO PORACON, The Hokkaido Bank: Second Opinion on Positive Impact Finance

Dec. 18, 2025

Asahi Group HD Acquires Diageo plc’s Businesses in East Africa—No Immediate Rating Action; JCR Will Watch Future Financial Management Policies

JCR Affirmed A+/Stable Long-term Issuer Rating on North Pacific Bank

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to Beneficial Interest 202601 (Contract No. 93-82013)

JCR Assigned A(fp) Fund Portfolio Rating to SAIMUHOSHOU GOUDOUKINSHIN <202512>

Dec. 17, 2025

JCR Assigned A-/Stable Long-term Issuer Rating to Astomos Energy

JCR Affirmed BBB Long-term Issuer Rating on Namura Shipbuilding; Revised Outlook to Positive

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

JCR Affirmed AA+ Rating on EMTN Program of ITOCHU

JCR Affirmed A+/Stable Long-term Issuer Rating on K'S HD

JCR Affirmed A-/Stable Long-term Issuer Rating on J-OIL MILLS

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

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

JCR Assigned AA- Rating to SPIRE SA Series 2025-663

West Japan Railway: Post-execution Verification Report on Sustainability Linked Loan

Dec. 16, 2025

JCR Removed Credit Monitor; Upgraded Ratings on SCSK to AA; Placed Stable Outlook

JCR Affirmed A-/Stable Long-term Issuer Rating on GMO internet group, GMO Financial HD and GMO CLICK Securities

NTT TC Leasing: Assigned Sustainability Finance Framework Evaluation: SU 1(F)

Dec. 15, 2025

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