News Release

Sep. 25, 2026

NIPPON CHEMI-CON Announces Judgment Rendered Against Its Singapore Subsidiary - Impact on Future Performance and Finances Will Be Closely Watched

SANKEI REAL ESTATE Announces Commencement of a Tender Offer for Its Investment Units by City Index Fifth - Outcome of the Tender Offer and Its Impact on the Rating Will Be Closely Watched

JCR Assigned AA+/Stable FC Long-term Issuer Rating to NBN Co

JCR Upgraded Long-term Issuer Rating on Kobe Steel to A+/Stable; Affirmed J-1 on CP

JCR Affirmed BBB/Stable Long-term Issuer Rating on GAKKEN HD

JCR Affirmed A-/Stable Long-term Issuer Rating on DyDo GROUP HD

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

JCR Assigned Preliminary AA- Rating to Shelf Registration of Credit Saison

JCR Assigned Preliminary A+ Rating to Shelf Registration of JA MITSUI LEASING

Sumitomo Mitsui Trust Panasonic Finance: Post-execution Verification Report on Sustainability Linked Loan

JA MITSUI LEASING: Post-execution Verification Report on Sustainability Linked Loan/Bond

The Shoko Chukin Bank: Second Party Opinion on The Shoko Chukin Bank Impact Finance Framework

AiNERGY, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan

TOBISHIMA HOLDING, Mizuho Bank: Second Opinion on Positive Impact Finance

Daiwa Jutaku, The Chiba Bank: Second Opinion on Positive Impact Finance

Sep. 24, 2026

JCR Affirmed AA-/Stable and J-1+ on ITOCHU ENEX

JCR Affirmed AA+/Stable Long-term Issuer Rating on Nippon Prologis REIT

JCR Assigned AA- to Bonds of Cypher Limited Series 36015

RENOVA: Assigned Green Finance Framework Evaluation: Green 1(F)

SOWA, The Hokuriku Bank: Second Opinion on Positive Impact Finance

Sep. 18, 2026

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

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

JCR Affirmed A-/Stable and J-1 on ASAHI SHINKIN BANK

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

JCR Assigned AA- to SPIRE SA Series 2026-524

Hachijuni Nagano Bank: Second Party Opinion on Sustainability Linked Loan Framework (Review)

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

Hosoya-seiki, Hamamatsu Iwata Shinkin Bank: Second Opinion on Positive Impact Finance

Interface, THE BANK OF FUKUOKA: Second Opinion on Positive Impact Finance

Sep. 17, 2026

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

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

JCR Affirmed AA/Stable (FC) and AA+/Stable (LC) on Korea

JCR Affirmed AAp/Stable (FC) and AA+p/Stable (LC) on Korea Development Bank

JCR Affirmed AA/Stable (FC) and AA+/Stable (LC) on Korea Electric Power

Sep. 16, 2026

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

JCR Affirmed A+/Stable FC Long-term Issuer Rating on Bank of East Asia

JCR Affirmed AA-/Stable and J-1+ on POCKET CARD

JCR Affirmed A-/Stable (FC) and A/Stable (LC) on Peru

JCR Assigned AA Rating to Bonds of Daiwa Securities Living Investment Corporation

JCR Assigned Preliminary AA- Rating to Shelf Registration of MORI BUILDING

JCR Assigned Preliminary A+ Rating to Shelf Registration of Yokohama Rubber

JCR Affirmed AA (fp) Fund Portfolio Rating on Green REIT Trust

JVCKENWOOD: Post-execution Verification Report on Sustainability Linked Loan

Sep. 15, 2026

Report on Investigation Regarding Inappropriate Matters at Chubu Electric Power's Hamaoka Nuclear Power Station - No Immediate Impact on the Rating

JCR Upgraded Long-term Issuer Rating on Anicom HD and Anicom Insurance to A+/Stable

JCR Affirmed AA-/Stable and J-1+ on Asahi Group HD; Assigned Preliminary AA- to Shelf Registration

JCR Affirmed A+/Stable and J-1 on THK

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

JCR Affirmed AA/Stable and J-1+ on Hankyu Hanshin HD

JCR Affirmed A/Stable Long-term Issuer Rating on Starts Proceed Investment Corporation

JCR Assigned A- Rating to Bonds of erex

JCR Assigned A+ Rating to Subordinated Loan of DAIWA HOUSE INDUSTRY

[ Asset Securitization Products ] JCR Assigned BBB+ to ABL of NY 24th Street VI LLC / NY 24th Street Operating VI LLC

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

Sep. 14, 2026

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

JCR Affirmed A-/Stable Long-term Issuer Rating on TSUBAKIMOTO KOGYO

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

Sep. 11, 2026

JCR Assigned J-1+ Rating to CP of AIR WATER

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

JCR Affirmed AA/Stable and J-1+ on Mori Trust HD

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

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

JCR Removed Credit Monitor; Affirmed A on Aichi Financial Group and Aichi Bank, and A- on San ju San Financial Group and San ju San Bank; Placed Stable Outlook

JCR Assigned A- Rating to Bonds of ARATA

JCR Assigned AA+ Rating to Bonds of Kansai Electric Power

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned BBB+ Rating to Bonds of FURUKAWA

JCR Assigned A Rating to Bonds of Yasuda Real Estate

JCR Assigned AA Rating to Bonds of JCB

JCR Assigned #AA-/Negative Rating to Bonds (Tier 2 with loss absorption clause) of Gunma Bank

JCR Assigned A+ Rating to Subordinated Bonds of Tokyo Century

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

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned Preliminary A- Rating to Shelf Registration of Central Glass

JCR Downgraded Long-term Issuer Rating on Hanwha Solutions to A-/Stable; Withdraws A- (FC)

JCR Assigned Preliminary A Rating to Loan of Ishikari Biomass Power GK

Joint Green Bond Issuers (Local Governments): Assigned Green 1 to Joint Local Government Green Bond 8th

ORIX JREIT, Sumitomo Mitsui Trust Bank: Second Opinion on Positive Impact Assessment

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

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

MORI-FLOCKY, The Chugoku Bank: Second Opinion on Positive Impact Finance

Sep. 10, 2026

JCR Downgraded FC Long-term Issuer Rating on Lotte Chemical to A-/Stable

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Jimoto HD, Kirayaka Bank and SENDAI BANK

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

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

JCR Affirmed AAA/Stable Long-term Issuer Rating on Arab Bank for Economic Development in Africa

JCR Affirmed A-/Stable (FC) and A/Stable (LC) on Oriental Republic of Uruguay

JCR Assigned AA Rating to Bonds of TOKYU

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

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

novis, The Nanto Bank: Second Opinion on Positive Impact Finance

SANKI UNSO, Aomori Michinoku Bank: Second Opinion on Positive Impact Finance

Sep. 09, 2026

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

JCR Assigned AA- Rating to Bonds of JFE HD

JCR Assigned Preliminary A Rating to Loan of Asahi Mutual Life Insurance

JCR Assigned Preliminary A to Bonds of Asahi Life 1st Senior Loan Securitization Company Limited

Sep. 08, 2026

JCR Affirmed A/Stable Long-term Issuer Rating on Hokuetsu Corporation

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

JCR Affirmed BBB+/Stable Long-term Issuer Rating on OKASAN SECURITIES GROUP and OKASAN SECURITIES

JCR Affirmed #A-/Positive on Chiba Kogyo Bank; Continues Credit Monitor