News Release

Sep. 04, 2026: JCR Assigned A-/Stable Long-term Issuer Rating to Nisshin Private Residential Reit; JCR Affirmed A/Stable Long-term Issuer Rating on KATO SANGYO; JCR Affirmed A-/Stable Long-term Issuer Rating on KOHNAN SHOJI; JCR Affirmed A (FC/LC) on Hongkong and Shanghai Hotels, Revised Outlook to Positive; Affirmed A on Bonds of Peninsula Tokyo Finance Services; JCR Assigned A Rating to Subordinated Bonds of Sumitomo Forestry; JCR Assigned AA+ Rating to Bonds of Electric Power Development; JCR Assigned A Rating to Bonds of GS Yuasa; JCR Assigned A Rating to Bonds of SoftBank Group; JCR Assigned AA Rating to Bonds of Tohoku Electric Power; JCR Assigned AA- Rating to Bonds of TOYODA GOSEI; JCR Assigned A Rating to Bonds of JAPAN NUCLEAR FUEL; JCR Assigned A Rating to Bonds of HANWA; JCR Assigned AA- Rating to Bonds of Hokkaido Electric Power; Tanakakougei, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Sep. 03, 2026: JCR Upgraded FC/LC Long-term Issuer Rating on Export-Import Bank of India to A-/Stable; JCR Upgraded FC/LC Long-term Issuer Rating on Indian Railway Finance Corporation to A-/Stable; JCR Upgraded FC/LC Long-term Issuer Rating on REC to A-/Stable; JCR Upgraded FC/LC Long-term Issuer Rating on Housing and Urban Development Corporation to A-/Stable; JCR Affirmed A-/Stable FC Long-term Issuer Rating on Vena Global Group and Vena Energy Capital; JCR Affirmed A+/Stable Long-term Issuer Rating on One REIT; JCR Assigned A+ Rating to Bonds of HIKARI TSUSHIN; GS Yuasa Corporation: Assigned Green Finance Framework Evaluation: Green 1(F); Sunny Staff, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan

Sep. 02, 2026: JCR Upgraded FC/LC Long-term Issuer Rating on India to A-/Stable; JCR Affirmed AA-/Stable Long-term Issuer Rating on Hulic Private Reit; JCR Assigned AA- Rating to Subordinated Loan of National Mutual Insurance Federation of Agricultural Cooperatives; JCR Assigned Preliminary A Rating to Shelf Registration of Kawasaki Heavy Industries; JCR Assigned AA- to Bonds of Zenkyoren 5th Subordinated Loan Securitization Company Limited; [ Asset Securitization Products ] JCR Affirmed J-3 on Next Funding ABL Program (Narasaki Stax); JCR Affirmed A (fp) Fund Portfolio Rating on Renewable Trust

Sep. 01, 2026: JCR Affirmed A-/Stable Long-term Issuer Rating on HEIWA REAL ESTATE; JCR Affirmed A+/Stable Long-term Issuer Rating on HORIBA; JCR Affirmed A+/Stable and J-1 on LINTEC; JCR Assigned Preliminary AA- Rating to Shelf Registration of SAIBU GAS HD; JCR Assigned Preliminary AA- Rating to Shelf Registration of Meiji HD; JCR Assigned AA+ to Corsair Finance Jersey Limited Series 289; Sumitomo Mitsui Trust Bank: Evaluation of Conformity of Future Trust Framework

Aug. 31, 2026: JCR Affirmed A- Rating on Bonds of Muninova HD; JCR Affirmed BBB/Stable Long-term Issuer Rating on Minami-Nippon Bank; JCR Assigned Preliminary A+ Rating to Subordinated Bonds of Tokyo Century; JCR Assigned A+ Rating to Subordinated Loan of Suntory HD; JCR Assigned A Rating to Subordinated Loan of Sumitomo Forestry; [ Asset Securitization Products ] JCR Assigned BBB to IDOM202608; JCR Affirmed A+ on Beneficial Interest and ABL of Securitization of Loans Receivable; OKUMURA: Post-execution Verification Report on Sustainability Linked Loan; NIPPON THOMPSON: Post-issuance Verification Report on Sustainability Linked Bond; Mizuho Leasing: Post-issuance Verification Report on Sustainability Linked Bond; SAN-ESU ENGINEERING , Aomori Michinoku Bank: Second Opinion on Positive Impact Finance; KAWASHO HOUSE, The Kumamoto Bank: Second Opinion on Positive Impact Finance; MIZUNO KENSETSU, THE SHIMIZU BANK: Second Opinion on Positive Impact Finance; Astep, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; umedu, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Takasaki Clean, The Joyo Bank: Second Opinion on Positive Impact Finance; SYLA HOLDINGS, The Chiba Bank: Second Opinion on Positive Impact Assessment; Nihon Bronze, The Chiba Bank: Second Opinion on Positive Impact Finance; SOLBA, The Hyakugo Bank: Second Opinion on Positive Impact Finance