News Release

Jul. 31, 2019

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

Jul. 30, 2019

JCR Assigned A Rating to Bonds of One REIT

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

JCR Affirmed AA- Rating on Shinhan Bank with Stable outlook

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL19-07

Jul. 29, 2019

1907-M02

JCR Affirmed A-/Stable and A- on DyDo GROUP HOLDINGS

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

JCR Affirmed A-/Stable, A- and BBB on YOKOHAMA REITO

JCR Affirmed AA+ Rating on Quebec with Stable Outlook

JCR Affirmed A-/Stable Long-term Issuer Rating on Takara Leben Infrastructure Fund

Jul. 26, 2019

SoftBank Group’s Launch of SoftBank Vision Fund 2 - Limited Impact on Rating

JCR Affirmed AA- Rating on NISSAN MOTOR; Revised Outlook from Stable to Negative

JCR Affirmed AA- Rating on NISSAN FINANCIAL SERVICES; Revised Outlook from Stable to Negative

JCR Affirmed BBB+ Rating on Tsukuba Bank; Revised Outlook from Stable to Negative

JCR Affirmed A/Stable Long-term Issuer Rating on KATO SANGYO

JCR Affirmed A+/Stable Long-term Issuer Rating on Daishi Hokuetsu Financial Group
JCR Affirmed A+/Stable Long-term Issuer Rating on Daishi Bank
JCR Affirmed A+/Stable Long-term Issuer Rating on Hokuetsu Bank

JCR Affirmed AA+/Stable and J-1+ on Toa Reinsurance

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL19-07 (D Hospital)

Jul. 25, 2019

JCR Assigned AA- Rating to Bonds of Yahoo Japan

JCR Assigned A+ Rating to Bonds of MORI BUILDING

JCR Affirmed A Rating on KYOWA EXEO; Revised Outlook from Stable to Positive

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

JCR Affirmed AA-/Stable, AA-, Preliminary AA- and J-1+ on Meiji Holdings

JCR Affirmed BBB/Stable and J-2 on TOKYO DOME

Jul. 24, 2019

JCR Assigned A/Stable Long-term Issuer Rating to NEC

JCR Affirmed BBB and J-2 Rating on ICHINEN HOLDINGS; Revised Outlook from Stable to Positive

JCR Affirmed A-/Stable and A- on MITSUI-SOKO HOLDINGS

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

[ Asset Securitization Products ] JCR Affirmed AA, A, BBB, and BBB- Rating on ABL/Corporate Bonds of Nomura Trust and Banking (1806-03)

[ Asset Securitization Products ] JCR Affirmed A Rating on Trust ABL/Corporate Bonds of Nomura Trust and Banking (1806-04)

Jul. 23, 2019

JCR Assigned Green 1 (Final Evaluation) to Green Loans Borrowed by Sumitomo Mitsui Trust Bank

JCR Assigned Green 1 (Final Evaluation) to Long-term Loan Borrowed by Fukuoka REIT Corporation

JCR Assigned Green 1 (Final Evaluation) to the 12th Bonds Issued by Japan Hotel REIT Investment Corporation

JCR Assigned A+ Rating to Bonds of Japan Hotel REIT Investment Corporation

JCR Assigned A-/Stable Long-term Issuer Rating and Preliminary A- Rating to Shelf Registration of ASAHI BROADCASTING GROUP HOLDINGS

JCR Affirmed BBB/Stable Long-term Issuer Rating on TOYO KANETSU

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

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL19-07

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL19-07

[ Asset Securitization Products ] JCR Affirmed AAA and A- on Beneficial Interest of Triangulum Occident

Jul. 22, 2019

Series VPA 1 S10

Series VPA 1 S08

Series VPA 1 S02

Series VPA 1 S01

Asahi Group Holdings to Acquire AB InBev's Australian Business - No Change in Rating in Light of Financing Plan

JCR Upgraded Rating on PENTA-OCEAN CONSTRUCTION from A-/Positive and A- to A/Stable and A; Affirmed J-1

JCR Affirmed BBB+/Stable Long-term Issuer Rating on HARIMA CHEMICALS GROUP

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

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

JCR Affirmed AA- on Nomura Europe Finance and Nomura Global Finance; Increase in Maximum

JCR Affirmed A-/Stable and J-1 on Idemitsu Credit

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL19-07 (F Hospital)

Jul. 19, 2019

MIRAI Corporation and Sakura Sogo REIT Entered into Basic Agreement on Merger - JCR will Watch Developments to be Reflected in Rating for MIRAI Corporation

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

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

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Assigned A Rating to Bonds of Ichigo Office REIT Investment Corporation

JCR Withdraws A/Positive and J-1 on SHOWA SHELL SEKIYU

Jul. 18, 2019

1906-M01

JCR Upgraded Rating on HOSOKAWA MICRON from BBB/Positive to BBB+/Stable

JCR Assigned A Rating to Subordinated Bonds of Suntory Holdings

JCR Assigned Preliminary AA Rating to Shelf Registration of Sekisui House

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

Jul. 17, 2019

JCR Assigned Green 1 (Final Evaluation) to 2nd Bonds Issued by MEIDENSHA

JCR Assigned BBB+ Rating to Bonds of MEIDENSHA

JCR Assigned A+ Rating to Bonds of SUMITOMO HEAVY INDUSTRIES

JCR Assigned AA Rating to Bonds of Advance Residence Investment Corporation

JCR Affirmed A/Stable Long-term Issuer Rating on Healthcare & Medical Investment Corporation

Jul. 16, 2019

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

JCR Affirmed BBB/Stable and Withdraws BBB on Monex Group
JCR Affirmed BBB/Stable and J-2 on Monex
JCR Affirmed BBB Rating on EMTN of Monex Finance

JCR Upgraded Rating on MAEDA CORPORATION from A-/Positive to A/Stable, from A- to A and from Preliminary A- to Preliminary A

Jul. 12, 2019

JETS International Five Limited 178

JCR Assigned SU 1 (Final Evaluation) to the 22nd, 23rd and 24th Bonds Issued by Mitsui O.S.K. Lines

JCR Assigned A- Rating to Bonds of Mitsui O.S.K. Lines

JCR Assigned A Rating to Bonds of DAIBIRU

JCR Assigned A Rating to Bonds of HASEKO Corporation

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

JCR Assigned A- Rating to Bonds of Orient Corporation

JCR Assigned A Rating to Bonds of Fuyo General Lease

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

JCR Affirmed A-/Stable and A- on SIIX

Jul. 11, 2019

H.I.S. Launched a Tender Offer for UNIZO Holdings - JCR Will Monitor the Outcome of TOB and No Change to JCR's Approach to the Rating

JCR Assigned Green 1 (Final Evaluation) to 13th Bonds Issued by ORIX JREIT

JCR Assigned AA Rating to Bonds of ORIX JREIT

JCR Upgraded Rating on MORI BUILDING from A/Positive to A+/Stable, from A to A+, from BBB+ to A-, and from Preliminary A to Preliminary A+

JCR Assigned A Rating to Bonds of NICHIAS

JCR Assigned AA- Rating to Bonds of Comforia Residential REIT

Jul. 10, 2019

ABL17-03

JCR Assigned Preliminary A+ to Specified Bonds of Meiji Yasuda Life 2019 Fund Special Purpose Company

JCR Assigned Preliminary A Rating to Shelf Registration of Sumitomo Osaka Cement

JCR Assigned Preliminary A Rating to Shelf Registration of ACOM

Jul. 09, 2019

JCR Assigned Green 1 (Final Evaluation) to 3rd Bonds Issued by Takasago Thermal Engineering

JCR Assigned A- Rating to Bonds of Takasago Thermal Engineering

JCR Assigned AA Rating to Bonds of NISSHIN SEIFUN GROUP

JCR Assigned Preliminary A- Rating to Shelf Registration of SoftBank Group

JCR Assigned Preliminary A Rating to Shelf Registration of TOBU RAILWAY