JCR was recognized as an eligible ECAI by Luxembourg Government

Apr. 22, 2008

On April 16, 2008 JCR was officially recognized by the Financial Sector Supervisory Commission of Luxembourg as an eligible External Credit Assessment Institution (ECAI) for the regulatory purposes of using its ratings to determine the risk weights to evaluate bank exposure under the BASEL II Framework. This recognition means that JCR fulfilled the conditions of objectivity, independence, stability and transparency so as to have the creditability in the markets.

The recognition by Luxembourg government is the third recognition from the member countries of European Union (EU) subsequent to the recognition granted by France and Belgium in the last year.
Now JCR's credit ratings have become eligible to be utilized by banks having their headquarters in those three countries for the purposes of calculating capital ratios (credit risk weight based on a standardized approach) under the BASEL II Framework.

JCR has been designated as a "Designated Credit Rating Agency" by the Japanese Financial Services Agency under "the Cabinet Office Ordinance Concerning the Disclosure of Corporate Affair" and has been also recognized as "eligible ECAI" with respect to the regulatory purposes of the BASEL II Framework. In addition, in September 2007 JCR has been registered as an "NRSRO" with the U.S.SEC. JCR has been identified in the principal financial markets, the U.S.A., Japan and Europe, as a rating agency which meets fairness and appropriateness of internal systems and high professional and ethical standards in its rating activities.

JCR shall continuously provide a wider range of rating information to the market participants, including issuers as well as investors, and shall perform a positive role for further development of financial markets.

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