News Release

Jun. 12, 2018

JCR Assigned A Rating to Bonds of Mitsui Chemicals

JCR Affirmed AA-/Stable, AA- and J-1+ on JCB

JCR Affirmed A+/Stable Long-term Issuer Rating on Seibu Shinkin Bank

[ Asset Securitization Products ] JCR Assigned Preliminary AA to Class A Corporate Bonds of Nomura Trust and Banking (1806-03)

[ Asset Securitization Products ] JCR Assigend Preliminary BBB to Class A Corporate Bonds of Blue Lending Nagoya GK

Jun. 11, 2018

JCR Affirmed A/Stable Long-term Issuer Rating on ROHTO PHARMACEUTICAL

Jun. 08, 2018

JCR Assigned AA- Rating to Bonds of Kansai Electric Power

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Assigned AA- Rating to Bonds of Comforia Residential REIT

JCR Assigned A- Rating to Bonds of JACCS

JCR Assigned A+ Rating to Bonds of NGK SPARK PLUG

JCR Assigned A Rating to Bonds of PERSOL HOLDINGS

JCR Assigned A+ Rating to Bonds (Tier 2 with loss absorption clause) of Sumitomo Mitsui Trust Holdings

JCR Assigned Preliminary A Rating to Shelf Registration of SHOWA SHELL SEKIYU

JCR Affirmed A/Stable Long-term Issuer Rating on Shinkin Guarantee Fund

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

Jun. 07, 2018

JCR Assigned A- Rating to Bonds of Shibusawa Warehouse

Highlights of Food Service Companies' Financial Results for Fiscal Year 2017

Jun. 06, 2018

JCR Upgraded Rating on IBJ Leasing from BBB+/Stable to A-/Stable
JCR Upgraded IBJL-TOSHIBA Leasing from BBB+/Stable to A-/Stable and from J-2 to J-1

JCR Assigned AA- Rating to Bonds of NIPPON STEEL & SUMITOMO METAL

JCR Assigned A- Rating to Bonds of SoftBank Group

JCR Assigned BBB+ Rating to Bonds of HANWA

JCR Assigned A+ Rating to Bonds (Tier 2 with loss absorption clause) of Mizuho Financial Group

Sharp’s Establishment of Capital Restructuring Plan - Possible Increase of Creditworthiness

JCR Affirmed A/Stable Long-term Issuer Rating on ARIAKE JAPAN

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

JCR Affirmed BBB/Stable Long-term Issuer Rating on Minami-Nippon Bank

Highlights of Major Information Services Companies' Financial Results for Fiscal Year Ended March 2018

Jun. 05, 2018

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

JCR Affirmed BBB+ and BBB+ Rating on Makino Milling Machine; Revised Outlook from Stable to Positive

Highlights of Major Special Steel Manufacturers' Financial Results for Fiscal Year Ended March 2018

Highlights of Major Warehouse Companies' Financial Results for Fiscal Year Ended March 2018

Jun. 04, 2018

JCR Assigned A+/Stable Rating to Aflac Incorporated
JCR Assigned AA/Stable Rating to American Family Life Assurance Company of Columbus
JCR Assigned AA/Stable Rating to Aflac Life Insurance Japan Ltd.

JCR Affirmed J-2 Rating on CP of COSMO ENERGY HOLDINGS; Increase in CP Maximum Amount

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

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

[ Asset Securitization Products ] JCR Assigned Preliminary A to Trust ABL/ Corporate Bonds of Nomura Trust and Banking (1806-01)

[ Asset Securitization Products ] JCR Assigned Preliminary A to Class A ABL, Preliminary BBB to Class B ABL/ Corporate Bonds of Nomura Trust and Banking (1806-02)

[ Asset Securitization Products ] JCR Assigned Preliminary AA to Class A ABL, Preliminary A to Class B ABL/ Corporate Bonds, Preliminary BBB to Class C ABL/ Corporate Bonds and Prelininary BBB- to Class D ABL of Nomura Trust and Banking (1806-03)

[ Asset Securitization Products ] JCR Assigned Preliminary A to Trust ABL/ Corporate Bonds of Nomura Trust and Banking (1806-04)

[ Asset Securitization Products ] JCR Assigned Preliminary A to Class A ABL/ Corporate Bonds, Preliminary BBB to Class B ABL and Preliminary BBB- to Class C Corporate Bonds of Blue Lending Naha GK

[ Asset Securitization Products ] JCR Assigend Preliminary BBB to Class A ABL of Blue Lending Nagoya GK

Jun. 01, 2018

JCR Assigned AA/Stable Long-term Issuer Rating to Shinkin Securities

JCR Assigned AA- Rating to Bonds of Tohoku Electric Power

JCR Affirmed J-1+ Rating on CP of ITOCHU Treasury; Increase in CP Maximum Amount

JCR Affirmed AA/Stable Long-term Issuer Rating on Shinkin Central Bank

JCR Affirmed AA-/Stable Long-term Issuer Rating on San-in Godo Bank

May. 31, 2018

JCR Assigned Preliminary A- Rating to Shelf Registration of Showa Denko

JCR Affirmed AA-/Stable and AA- on Hulic Reit

JCR Assigned BBB to Blue Energy Ishikawa Mega Solar Power Station Project Senior Loan

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL18-05

Highlights of Major Cement Companies' Financial Results for Fiscal Year Ended March 2018

May. 30, 2018

Rise of the Euro-skepticism in Italy is a constraining factor on the ratings. JCR will closely monitor on the economic and fiscal policy development

JCR Assigned AA Rating to Bonds of FAST RETAILING

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

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL18-05

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL18-05

Highlights of Major Real Estate Companies' Financial Results for Fiscal Year Ended March 2018

May. 29, 2018

JCR Upgraded Rating on Shinsei Bank from BBB+/Positive and J-2 to A-/Stable and J-1

JCR Upgraded Rating on Showa Leasing from BBB+/Positive and J-2 to A-/Stable and J-1

JCR Upgraded Rating on Shinsei Securities from BBB+/Positive to A-/Stable

JCR's Rating Review of General Construction Companies

JCR Upgraded Rating on TAISEI from A+/Positive to AA-/Stable

JCR Upgraded Rating on OBAYASHI from A+/Positive to AA-/Stable

JCR Upgraded Rating on SHIMIZU from A+p/Positive to AA-p/Stable

Highlights of Major General Construction Companies' Financial Results for Fiscal Year Ended March 2018

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

May. 28, 2018

JCR Affirmed AA-, AA-, Preliminary AA- and J-1+ on Sumitomo Metal Mining; Revised Outlook to Stable

JCR Affirmed A+/Stable, A+, A-, Preliminary A+, and J-1 on Marubeni

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL18-05 (D Hospital)

May. 25, 2018

JCR Assigned AAA Rating to Bonds of Japan Student Services Organization

JCR Assigned A+ Rating to Bonds (Tier 2 with loss absorption clause) of Mitsubishi UFJ Financial Group

JCR Affirmed J-1 Rating on CP of DOWA HOLDINGS; Increase in CP Maximum Amount

JCR Assigned Preliminary A+ Rating to Shelf Registration of NGK SPARK PLUG

JCR Affirmed A+/Stable and J-1 on Sumitomo Mitsui Trust Loan & Finance

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

Highlights of Major Japanese Automakers’ Financial Results for Fiscal Year Ended March 2018

May. 24, 2018

JCR Upgraded Rating on TOMY from BBB-/Positive to BBB/Stable

JCR Affirmed A- Rating on AIN HOLDINGS; Revised Outlook from Stable to Positive

JCR Assigned Preliminary AA Rating to Shelf Registration of ASAHI KASEI

JCR Affirmed BBB/Stable Long-term Issuer Rating on Showa Aircraft Industry

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL18-05

May. 23, 2018

PACIFIC INDUSTRIAL’s Acquisition of Valve Business of UK’s Sensata Technologies Holding - JCR will Watch Medium-term Synergistic Effects and Financial Improvement after Acquisition

Highlights of Electric Power Companies' Financial Results for Fiscal Year Ended March 2018

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Affirmed AA-/Stable Long-term Issuer Rating on Nomura Trust and Banking

JCR Affirmed AA/Stable and AA on MORI HILLS REIT INVESTMENT CORPORATION

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL18-05

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL18-05

May. 22, 2018

JCR Upgraded Rating on OKAMURA from A-/Positive and A- to A/Stable and A

JCR Assigned AA- Rating to Bonds of TOKYU

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

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

JCR Affirmed A+/Stable, A+ and J-1 on NIKON

JCR Affirmed A/Stable Long-term Issuer Rating on AOKI Holdings

JCR Assigned Preliminary BBB to Blue Energy Ishikawa Mega Solar Power Station Project Senior Loan

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL18-05 (F Hospital in Hokkaido)