News Release

Jan. 31, 2024: JCR Provided a Second Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to Shizuoka Milk; JCR Provided a Second Opinion to Positive Impact Finance Provided by HAMAMATSU IWATA SHINKIN BANK to Chuennetsusyorigiken; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Hachijuni Bank to BAYCOOK; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Ashikaga Bank to YAMAGUCHI HEAVY INDUSTRIES

Jan. 30, 2024: JCR Affirmed A/Stable Long-term Issuer Rating on YAMAZEN; JCR Assigned A- Rating to Bond Program of Yanmar HD; [ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 24-01 (D Hospital); [ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 24-01; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to ASAHI GELATINE INDUSTRIAL; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Toyo Steel Wire; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Interna Morii

Jan. 29, 2024: JCR Assigned A/Stable Long-term Issuer Rating to JX Metals; JCR Assigned BBB+/Stable Long-term Issuer Rating to Premium Water HD; JCR Affirmed BBB Long-term Issuer Rating on Oenon HD; Revised Outlook to Stable; JCR Affirmed AA- and J-1+ on Daiwa Securities Living Investment Corporation; Revised Outlook to Positive; JCR Affirmed A+/Stable and J-1 on Sumitomo Bakelite; JCR Affirmed A+/Stable and J-1 on TAKARA HD; JCR Affirmed A+/Stable Long-term Issuer Rating on TAKARA BIO; JCR Affirmed AA/Stable Long-term Issuer Rating on Advance Residence Investment Corporation; JCR Affirmed AA/Stable Long-term Issuer Rating on MORI TRUST REIT; [ Asset Securitization Products ] JCR Affirmed J-1+ on Ferry Road ETC Card Receivable ABL Program; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to AOC

Jan. 26, 2024: JCR Affirmed BBB+/Stable Long-term Issuer Rating on Chuo Warehouse; JCR Affirmed BBB+/Stable Long-term Issuer Rating on FUJI KYUKO; JCR Assigned BBB+ to Bonds of CFLP and Newmark; Affirmed BBB+ on Bonds of BGC Transferred from BGCP; Withdraws BBB+ (LC) on BGCP; JCR Affirmed AA/Stable on Capital Insurance; JCR Assigned A Rating to Bonds of Invincible Investment Corporation; [ Asset Securitization Products ] JCR Assigned Preliminary J-1 to PERCS-B; JCR Assigned A to SPIRE SA Series 2024-114; JCR Assigned Green 1 (T)(F) , SU1(F) and Provided a Second Opinion on suitability for the Sustainability-Linked Bond Principles and Sustainability Linked Loan Principles to Sustainable Finance Framework of Mazda Motor; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Kyosai Holdings

Jan. 25, 2024: JCR Affirmed A/Stable Long-term Issuer Rating on Maruzen Showa Unyu; JCR Assigned AAA Rating to Bonds of Central Nippon Expressway; JCR Assigned Green 1(F) to Green Finance Framework of Hankyu Hanshin Holdings; JCR Provided Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Bleaf; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Japan Energy Holdings