JCR modifies Types of Credit Ratings and Definitions of Rating Symbols

Jul. 27, 2012

Japan Credit Rating Agency, Ltd. (JCR) modifies its descriptions of Types of Credit Ratings and Definitions of Rating Symbols as described below.
JCR published the press release, titled "JCR considers modifying Types of Credit Ratings and Definitions of Rating Symbols" on July 5, 2012. After due consideration, JCR concluded to modify its descriptions of Types of Credit Ratings and Definitions of Rating Symbols as was publicized. Regarding the modified version, please refer to the annex.
The modified Types of Credit Ratings and Definitions of Rating Symbols will be effective from August 28, 2012.
These modifications have no direct impact on individual credit ratings.
While JCR renames Long-term Senior Debts Rating and Short-term Senior Debts Rating to Long-term Issuer Rating and Short-term Issuer Rating, respectively, the meanings of these two types of ratings will not change. JCR will not change the name of ratings that have already been publicized but will apply renewed names to ratings that will be assigned after the renaming becomes effective.

Yoshinori Namioka, Mikiya Kubota

12d0325

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