News Release

Apr. 24, 2026

JCR Affirmed A/Stable Long-term Issuer Rating on ULVACNEW

JCR Affirmed A-/Stable Long-term Issuer Rating on Kintetsu Group HDNEW

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

JCR Affirmed A+/Stable (FC/LC) on PortugalNEW

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

JCR Assigned A- Rating to Bonds of SKYLARK HDNEW

JCR Assigned A+ Rating to Bonds of HIKARI TSUSHINNEW

JCR Assigned Preliminary A+ Rating to Bonds (Tier 2 with loss absorption clause) of Nomura HDNEW

JCR Assigned Preliminary AA Rating to Shelf Registration of Resona HDNEW

Apr. 23, 2026

JCR Upgraded Long-term Issuer Rating on TOTTORI BANK to BBB+/Stable

JCR Affirmed BBB/Stable Long-term Issuer Rating on BANK OF KOCHI

Apr. 22, 2026

Nojima to Acquire Shares of a New Company in Home Appliance Business to Be Established by Hitachi GLS - No Immediate Impact on the Rating, Impacts on Future Business Results and Finances Will Be Closely Watched

JCR Affirmed A+/Stable Long-term Issuer Rating on TOKAI CARBON

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

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

JCR Affirmed AA+/Stable Long-term Issuer Rating on Nippon Building Fund

JCR Affirmed A- on Ecology Trust Bond 1st Series Fund Trust Bonds and Trust ABL

JCR Affirmed A- on Ecology Trust Bond 2nd Series Fund Trust Bonds and Trust ABL

JCR Affirmed A- on Ecology Trust Bond 3rd Series Fund Trust Bonds and Trust ABL

JCR Affirmed A- on Ecology Trust Bond Ga 4th Series Fund Trust Bonds and Trust ABL

JCR Assigned AA to Bonds of SPIRE SA Series 2026-284

Apr. 21, 2026

JCR Affirmed AA-/Stable and J-1+ on NIPPON SANSO HD

JCR Affirmed A-/Stable Long-term Issuer Rating on Ehime Bank

JCR Affirmed A+/Stable Long-term Issuer Rating on OITA BANK

JCR Assigned AA Rating to Bonds of Kyushu Electric Power

JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 26-04

JCR Affirmed AA on Securitization of Loans Receivable 202203

Saikaku, THE KYOTO CHUO SHINKIN BANK: Second Opinion on Positive Impact Finance

Apr. 20, 2026

JCR Assigned A/Stable Long-term Issuer Rating to LOGISTEED Holdings and affirmed A/Stable Issuer Rating on LIGISTEED

JCR Upgraded Long-term Issuer Rating on Takasago Thermal Engineering to A+/Stable; Affirmed J-1 on CP

JCR Affirmed A- and J-1 on SAPPORO HD; Revised Outlook to Positive

JCR Affirmed J-1 Rating on CP of TOKAI HD

JCR Affirmed AA+/Stable Long-term Issuer Rating on JAPAN TOBACCO

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

Japan: Post-Issuance Verification Report for CBI Certification of Japan Climate Transition Bond (1st)

Apr. 17, 2026

JCR Affirmed A+/Stable Long-term Issuer Rating on SHIGA BANK

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

JCR Assigned AA Rating to Bonds of Kyushu Electric Power

JCR Assigned A Rating to Bonds of SEIBU HD

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned AA Rating to Bonds of Tokyo Waterfront Area Rapid Transit

JCR Assigned AA Rating to Bonds of Sumitomo Mitsui Banking Corporation

JCR Assigned AA- Rating to Bonds (Tier 2 with loss absorption clause) of Yokohama Financial Group

JCR Withdraws A- Long-term Issuer Rating on RYODEN

Apr. 16, 2026

JCR Affirmed AA/Stable Long-term Issuer Rating on Gravity AH

JCR Assigned BBB+ Rating to Bonds of GENDA

JCR Assigned AA+ Rating to Bonds of JAPAN POST HD

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Assigned AA (fp) Fund Portfolio Rating to GOUDOUKINSHIN (Fund No. 550255000)

Apr. 15, 2026

INFRONEER HD Announces Share Acquisition of Swing Corporation, a Leading Water Treatment Engineering Company - No Immediate Impact on Rating. Watch the Future Financial Leverage

JCR Affirmed A-/Stable Long-term Issuer Rating on erex

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on Maruichi Steel Tube

JCR Affirmed AA-/Stable FC Long-term Issuer Rating on KKR & Co.

JCR Assigned A Rating to Bonds of TEPCO Power Grid

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

Apr. 14, 2026

JCR Affirmed A+/Stable Long-term Issuer Rating on Aica Kogyo

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

JCR Affirmed A/Stable Long-term Issuer Rating on SENKO Group HD

JCR Assigned Preliminary AA Rating to Shelf Registration of Mizuho Bank

JCR Assigned A+ to SPIRE SA Series 2026-262

Apr. 13, 2026

JCR Affirmed BBB+ and J-2 on MARUDAI FOOD; Revised Outlook to Positive

JCR Affirmed BBB/Negative Long-term Issuer Rating on YOROZU

JCR Affirmed A-/Stable (FC/LC) on Lotte Capital

VALOR HOLDINGS, The Norinchukin Bank: Second Opinion on Positive Impact Finance (Review)

Apr. 10, 2026

JCR Assigned AA-/Stable FC Long-term Issuer Rating to SMFG India Home Finance

JCR Affirmed AAA/Stable Long-term Issuer Rating on TOYOTA MOTOR

JCR Affirmed AAA/Stable Long-term Issuer Rating on TOYOTA FINANCE

JCR Affirmed AA/Stable Long-term Issuer Rating on 77 Bank

JCR Assigned BBB+ Rating to Subordinated Bonds of SoftBank Group

JCR Assigned AA- Rating to Bonds of MORI BUILDING

JCR Assigned AA Rating to Bonds of NISSIN FOODS HD

JCR Assigned AA+ Rating to Bonds of Kanagawa Prefectural Housing Supply Corporation

JCR Assigned Preliminary A Rating to Shelf Registration of ANA HD

JCR Assigned Preliminary A Rating to Shelf Registration of UBE

JCR Assigned Preliminary A+ Rating to Shelf Registration of Denka

JCR Assigned AA to SPIRE SA Series 2026-248

JCR Assigned A+ to SPIRE SA Series 2026-199

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

Apr. 09, 2026

JCR Affirmed A+/Stable Long-term Issuer Rating on KONAMI GROUP

JCR Assigned AA- Rating to Bonds of KURARAY

JCR Assigned AA- Rating to Bonds of RICOH LEASING

JCR Assigned AA- to SPIRE SA Series 2026-257

JCR Assigned AA- to SPIRE SA Series 2026-258

JCR Assigned AA+ to SPIRE SA Series 2026-279

JCR Assigned AA- to SPIRE SA Series 2026-305

Results of Review of Structured Finance Products (Excluding Those to Which Credit Ratings Are Assigned) March 2026

Apr. 08, 2026

JCR Removed Credit Monitor; Upgraded Rating on TAKARA BIO to A+; Placed Stable Outlook

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Sekisui House Reit

JCR Assigned AA Rating to Bonds of Tohoku Electric Power Company

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Change in CP Maximum Amount of NIPPON CAR SOLUTIONS; Affirmed J-1+

Apr. 07, 2026

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

JCR Assigned A+ to SPIRE SA Series 2026-311

Apr. 06, 2026

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

JCR Assigned Preliminary A Rating to Shelf Registration of TEPCO Power Grid

Apr. 03, 2026

JCR Affirmed A/Stable Long-term Issuer Rating on ZENKOKU HOSHO

JCR Affirmed A+/Stable (FC/LC) on Slovak Republic

JCR Affirmed A+/Stable Long-term Issuer Rating on Mitsubishi HC Capital Private REIT