News Release

Oct. 22, 2024

JCR Affirmed A- on JRE Mega Solar Project Bond Trust 1 Class A Beneficial Interest and Class A Trust ABL

JCR Affirmed A on JRE Mega Solar Project Bond Trust 1 Class B Beneficial Interest and Class B Trust ABL

JCR Affirmed BBB+ on JRE Mega Solar Project Bond Trust 1 Class C Beneficial Interest

JCR Affirmed A on JRE Mega Solar Project Bond Trust 2 Beneficial Interest

Japan: Assigned Climate Transition Bond Evaluation: Green 1(T)

Luup Fleet Management 2 LLC: Assigned Green Loan Evaluation: Green 1

Oct. 21, 2024

JCR Upgraded Long-term Issuer Rating on Daiwa Hotel Private Investment Corporation to A/Stable

JCR Affirmed A and J-1 on TSUBAKIMOTO CHAIN; Revised Outlook to Positive

JCR Affirmed J-2 Rating on CP of TOKYO ELECTRON DEVICE

JCR Affirmed AA/Stable and J-1+ on Mitsubishi Logistics

JCR Affirmed AA-/Stable (FC/LC) on Frasers Property

JCR Affirmed A+/Stable FC Long-term Issuer Rating on GAW Capital Partners

JCR Affirmed BBB+/Stable (FC/LC) on Canter Fizgerald, BGC Group and NEWMARK GROUP

EXEO Group: Second Party Opinion on Sustainability Linked Finance Framework (Review)

EXEO Group: Second Party Opinion on Sustainability Linked Loan

Oct. 18, 2024

JCR Removed Credit Monitor; Affirmed B on Energy Absolute; Placed Negative Outlook

JCR Affirmed AA/Stable Long-term Issuer Rating on Resona HD, Resona Bank, Saitama Resona Bank, Kansai Mirai Bank and MINATO BANK; and J-1+ on Kansai Mirai Bank

JCR Affirmed A-/Stable Long-term Issuer Rating on San ju San Financial Group and San ju San Bank

JCR Assigned A Rating to Bonds of HANWA

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Auto Service

JCR Assigned A Rating to Bonds of Sumitomo Mitsui Trust Group

JCR Assigned AA Rating to Bonds of Mitsubishi HC Capital

JCR Assigned A Rating to Bonds of Canadian Solar Infrastructure Fund

JCR Assigned AA Rating to Bonds of Electricite de France S.A.

JCR Assigned A Rating to Subordinated Loan of Fuyo General Lease

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 24-10 (D Hospital)

Joint Green Bond issuers(Local Governments): Assigned Green 1(Preliminary) to Joint Local Government Green Bond 3rd

Oct. 17, 2024

JCR Assigned A+ Rating to Bonds of ISUZU MOTORS

JCR Assigned AAA Rating to Bonds of Metropolitan Expressway

JCR Withdraws BBB Long-term Issuer Rating on Adaro Energy Indonesia

Daiwa House REIT Investment Corporation: Assigned Sustainability Loan Preliminary Evaluation: SU 1

Daiwa House REIT Investment Corporation: Reviewed Green Finance Framework Evaluation: Green 1(F)

Daiwa House REIT Investment Corporation: Reviewed Sustainability Finance Framework Evaluation: SU 1(F)

Canadian Solar Infrastructure Fund: Reviewed Green Finance Framework Evaluation: Green 1(F)

Oct. 16, 2024

Hillhouse Commences Tender Offer for Samty Holdings—JCR Will Pay Attention to Outcome of Tender Offer and Its Impact on Samty Residential Investment Corporation

JCR's Rating Review of Two Air Transportation Companies

JCR Affirmed A/Stable and J-1 on AICHI STEEL

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

JCR Affirmed AA/Stable Long-term Issuer Rating on JAPAN POST INSURANCE

JCR Assigned A- Rating to Notes of SPIRE SA Series 2024-371

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (P Hospital)

Oct. 15, 2024

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

JCR Affirmed A+/Stable Long-term Issuer Rating on Ichigo Office REIT Investment Corporation

JCR Assigned A Rating to Notes of SPIRE SA Series 2024-392

SMEs, Hokuhoku Financial Group: Second Party Opinion on Sustainability Linked Loan Framework

HASE METAL, The Bank of Kyoto: Second Opinion on Positive Impact Finance

Oct. 11, 2024

Changes in the Parent Company (Specified Related Corporations) of GLP J-REIT’s Asset Management Company—No Immediate Impact on GLP J-REIT's Rating

Changes in the Parent Company, etc. of Gravity AH’s Asset Manager—No Immediate Impact on Gravity AH's Rating

JCR Affirmed A/Stable Long-term Issuer Rating on Aichi Financial Group, Aichi Bank and Chukyo Bank

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Assigned Preliminary AA Rating to Shelf Registration of Chubu Electric Power

JCR Assigned Preliminary A+ Rating to Shelf Registration of TAIHEIYO CEMENT

JCR Assigned AA- to Ascent Finance Limited Series 2024-1011

JCR Affirmed J-1+ on Jointly Operated Designated Money Trust LY

Hiroshima Prefecture: Reviewed Green Bond Framework Evaluation: Green 1(F)

Sekine, The Ashikaga Bank: Second Opinion on Positive Impact Finance

Marumitsu-sunyo, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

ICHIDA, The Bank of Kyoto: Second Party Opinion on Sustainability Linked Loan

Oct. 10, 2024

JCR Affirmed A+ and J-1 on SUMITOMO CHEMICAL; Revised Outlook to Stable

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

JCR Assigned AA- Rating to Bonds of Asahi Group HD

JCR Assigned AA Rating to Bonds of NISSIN FOODS HD

JCR Assigned AA Rating to Bonds of Industrial & Infrastructure Fund Investment Corporation

JCR Assigned Preliminary A+ Rating to Shelf Registration of SUMITOMO HEAVY INDUSTRIES

Oct. 09, 2024

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

JCR Affirmed AA/Stable Long-term Issuer Rating on United Urban Investment Corporation

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Assigned AA- to Ganymede Limited Series 2024-121

Oct. 08, 2024

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

JCR Assigned AAA Rating to Bonds of Hanshin Expressway

JCR Affirmed A on Kurimoto Mega Solar Project Bond Trust 1 Beneficial Interest and Trust ABL

JCR Affirmed A on Kurimoto Mega Solar Green Project Bond Trust 2 Beneficial Interest and Trust ABL

Mizuho Bank: Second Opinion on Impact Deposit Framework

Oct. 07, 2024

JCR Affirmed BBB+ Long-term Issuer Rating on FUTABA INDUSTRIAL; Revised Outlook to Positive

JCR Affirmed AA-/Stable and J-1+ on JERA

Results of Review of Structured Finance Products (Excluding Those to Which Credit Ratings Are Assigned) September 2024

Oct. 04, 2024

UBE Decides to Acquire Urethane Systems Business of LANXESS Deutschland GmbH in Germany—No Immediate Impact on Rating

Revisions of Rating Methodologies by Sector "General Heavy Machinery" and "Air Transportation"

JCR Assigned J-1+ Rating to CP of Nissan Chemical

JCR Affirmed AAA/Stable Long-term Issuer Rating on Kobe University

JCR Affirmed A-/Stable Long-term Issuer Rating on Mazda Motor

JCR Affirmed A+/Stable and J-1 on Sanyo Special Steel

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned AA- Rating to Bonds of Sumitomo Metal Mining

JCR Assigned A- Rating to Bonds of NIPRO

JCR Assigned AAA Rating to Bonds of TOYOTA FINANCE

JCR Assigned AA Rating to Bonds of Sumitomo Mitsui Trust Bank

JCR Assigned AA- Rating to Bonds of RICOH LEASING

JCR Assigned BBB Rating to Bonds of Romania

Sekisui House Reit: Reviewed Green Finance Framework Evaluation: Green 1(F)

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

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

Oct. 03, 2024

JCR Affirmed A+/Stable and J-1 on Nippon Electric Glass; Assigned Preliminary A+ to Shelf Registration

JCR Affirmed AA-/Stable and J-1+ on Takeda Pharmaceutical

JCR Affirmed A-/Stable and J-1 on Yanmar HD

JCR Affirmed AA/Stable Long-term Issuer Rating on Activia Properties

JCR Assigned AA- Rating to Cypher Limited Series NB-1