News Release

Apr. 12, 2019

JCR Assigned A+ Rating to Subordinated Bonds of Aflac Life Insurance Japan

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

JCR Assigned A Rating to Bonds of NIPPON REIT Investment Corporation

JCR Affirmed A/Stable and A on Hokuetsu Corporation

JCR Affirmed A/Stable and J-1 on KAGOME

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

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

JCR Affirmed J-2 Rating on CP of JALUX; Increase in CP Maximum Amount

JCR Affirmed AA+/Stable and AA+ on NARITA INTERNATIONAL AIRPORT

Apr. 11, 2019

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ZEST Investments B 1502-B01

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of Toyo Tire

JCR Affirmed A/Stable, A, Preliminary A and J-1 on TSUBAKIMOTO CHAIN

JCR Affirmed A+/Stable, A+, Preliminary A+, and J-1 on Sumitomo Mitsui Trust Panasonic Finance

JCR Affirmed AA/Stable and AA- on Gunma Bank

JCR Affirmed AA-/Stable and AA- on LaSalle LOGIPORT REIT

Apr. 10, 2019

JCR Assigned A Rating to Bonds of Fuyo General Lease

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

IHI's Series of Inadequate Inspections, etc.- JCR will Watch Effectiveness of Measures to Prevent Recurrence and Impact on Business Performance

Rakuten's Approval for 5G Base Station Deployment Plan - No Immediate Impact on Rating, but JCR will Closely Watch Development

Apr. 09, 2019

JCR Assigned Green 1 to Bonds of JACCS

JCR Assigned A- Rating to Bonds of JACCS

JCR Assigned A+ Rating to Bonds of SUMITOMO CHEMICAL

JCR Assigned Preliminary A+ Rating to Shelf Registration of NSK

Apr. 05, 2019

Cypher Limited 439

Cypher Limited 290

Sylph Limited 1839

JCR Assigned Green 1 (Final Evaluation) to the 21st bonds issued by Orient Corporation

JCR Assigned A- Rating to Bonds of Orient Corporation

JCR Assigned AA- Rating to Bonds of Kansai Electric Power

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Finance and Leasing

JCR Assigned AA- Rating to Bonds of Mitsubishi UFJ Lease & Finance

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned Preliminary A Rating to Shelf Registration of SCSK

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of MEIDENSHA

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

JCR Withdraws A+/Stable Long-term Issuer Rating on DAIKYO

Apr. 04, 2019

JCR Assigned Preliminary AA- Rating to Shelf Registration of Sumitomo Mitsui Trust Bank

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned AA- Rating to Bonds of Tohoku Electric Power

JCR Affirmed A-/Stable Long-term Issuer Rating on Samty Residential Investment Corporation

Highlights of Major Ink Manufacturers' Financial Results for Fiscal Year Ended December 2018

Apr. 03, 2019

JCR Upgraded Rating on NICHIAS from A-/Positive to A/Stable; Assigned Preliminary A

JCR Affirmed BBB+/Stable and J-2 on MARUDAI FOOD

JCR Affirmed AA-/Stable, AA- and Preliminary AA- on AEON REIT Investment Corporation

Apr. 02, 2019

JCR Affirmed AA Rating on Guaranteed Bonds of China Eastern Airlines

JCR Affirmed AAA Rating on Asian Development Bank with Stable Outlook

Apr. 01, 2019

JCR Assigned A+/Stable Long-term Issuer Rating to Kansai Mirai Financial Group
JCR Assigned A+/Stable Long-term Issuer Rating and J-1+ Short-term Issuer Rating to Kansai Mirai Bank
JCR Affirmed A+/Stable and A on MINATO BANK

JCR Assigned Preliminary A+ Rating to Subordinated Bonds of Aflac Life Insurance Japan

JCR Affirmed BBB+ Rating on Restar Holdings; Revised Outlook from Negative to Stable

JCR Assigned Preliminary AA Rating to Shelf Registration of Mitsui Fudosan

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

JCR Affirmed J-2 Rating on CP of Sojitz; Increase in CP Maximum Amount

JCR Affirmed A/A+ (FC/LC) Ratings with Stable Outlook and A bonds Ratings on Poland

JCR Withdraws A/Stable Long-term Issuer Rating on SMBC Consumer Finance

Mar. 29, 2019

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JCR Assigned Green1 to Long-term loan borrowed by United Urban Investment Corporation

JCR Assigned Green1 to Long-term loan borrowed by Nagoya Railroad

JCR Assigned Preliminary Green 1 to Shelf Registration Issued by MEIDENSHA

JCR Assigned BBB/Stable and J-2 to UACJ

JCR Assigned A+/Stable Rating to Banco Santander-Chile

JCR Assigned Preliminary A+ and A to Notes of Man GPM US Residential Debt Fund

JCR Affirmed A- and J-1 Rating on TOHO HOLDINGS; Revised Outlook from Stable to Positive

JCR Assigned BB Rating to Subordinated Loan of Kawasaki Kisen

JCR Assigned A Rating to Subordinated Loan of Suntory Holdings

JCR Affirmed AA/Stable Long-term Issuer Rating on Kokugakuin University

JCR Affirmed A/Stable on America Movil

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

JCR Affirmed AA/Stable and AA on Frontier Real Estate Investment Corporation

[ Asset Securitization Products ] JCR Assigned AAA to Class A Beneficial Interest 201903

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL19-03

Revisions to Rating Methodology for Financial Groups' Holding Companies and Group Companies

Mar. 28, 2019

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

JCR Upgraded Rating on JK Holdings from BBB-/Positive to BBB/Stable; Affirmed J-2 on CP

JCR Affirmed A+ Ratings to the bonds issued by KKR Group Finance Co. IV

JCR Affirmed A+ Rating on KKR & Co. with Stable Outlook

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL19-03

JCR’s Opinion on Positive Impact Finance for Fuji Oil Holdings

Mar. 27, 2019

The Nomura Trust and Banking Co., Ltd. (Shintakuguchi)

The Nomura Trust and Banking Co., Ltd.(Shintaku Shasai)

ZEST Investments B

NIPPON TOCHI-TATEMONO and CHUO REAL ESTATE Agree on Business Merger - No Immediate Impact on the Rating

JCR Assigned Green1(F) to Green Finance Framework of Nagoya Railroad

JCR Assigned Preliminary Evaluation of Green1 to long-term loan borrowed by Nagoya Railroad

JCR Assigned Preliminary Evaluation of Green1 to Long-term loan borrowed by United Urban Investment Corporation

JCR Affirmed BBB+/A- (FC/LC) Ratings of Hungary and National Bank of Hungary; Revised Outlook to Positive

JCR Affirmed A/Stable, A, and J-1 on Tokyo Electric Power Company Holdings
JCR Affirmed A/Stable, A, and Preliminary A on TEPCO Power Grid

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

[ Asset Securitization Products ] JCR Assigned J-1+ to Saitama Resona Bank A Corporation Bills Receivable Senior Beneficial Interest 19-03

Mar. 26, 2019

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

JCR Affirmed A-/Stable and A- on SENKO Group Holdings

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

JCR Affirmed A-/A+ (FC/LC) Ratings on Mexico with Stable Outlook

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL19-03 (D Hospital)

Mar. 25, 2019

JCR Upgraded Rating on AIN HOLDINGS from A-/Positive to A/Stable

JCR Upgraded from AA- to AA Ratings on Central American Bank for Economic Integration with Stable Outlook

JCR Assigned Preliminary AA- Rating to Shelf Registration of TAISEI