News Release

Jan. 30, 2019

JCR Upgraded Rating on Nagoya Railroad from A/Positive to A+/Stable

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Sanyo Electric Railway

JCR Affirmed AA Rating on Kanagawa Prefectural Housing Supply Corporation; Revised Outlook from Stable to Positive

JCR Assigned A+ Rating to Bonds of THK

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Harima-Kyowa

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL19-01

Jan. 29, 2019

JCR Upgraded Rating on Tokyu Fudosan Holdings from A-/Positive, A- and Preliminary A- to A/Stable, A and Preliminary A; Affirmed J-1

JCR Affirmed AA/Stable, AA, Preliminary AA and J-1+ on Mitsui Fudosan

JCR Affirmed A+/Stable, A+, Preliminary A+ and J-1 on Sumitomo Realty & Development

JCR Affirmed AA+p/Stable Long-term Issuer Rating on Mitsubishi Estate

JCR Affirmed BBB+/Negative Long-term Issuer Rating on NIPPON CHEMI-CON

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

JCR Affirmed A+/Stable Long-term Issuer Rating on SEINO HOLDINGS

Jan. 28, 2019

Renault Announced Management Changes and Nissan Supports Them-Impacts on Synergy Effects of Alliance among Three Companies Will Be Closely Watched

JCR Affirmed AA+/Stable Long-term Issuer Rating on Seven & i Holdings
JCR Affirmed AA+/Stable Long-term Issuer Rating on Seven-Eleven Japan

JCR Affirmed A/Stable Long-term Issuer Rating on SQUARE ENIX HOLDINGS

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

JCR Affirmed AA/Stable and AA on MORI TRUST Sogo Reit

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL19-01 (D Hospital)

Jan. 25, 2019

SUMITOMO HEAVY INDUSTRIES Announces Improper Inspections and Other Misconducts - Investigation Results Etc. by Investigation Committee Will Be Closely Watched

JCR Upgraded Rating on Tokyo Century Corporation from A+/Positive to AA-/Stable and from J-1 to J-1+
JCR Upgraded Rating on NIPPON CAR SOLUTIONS from A+/Positive to AA-/Stable and from J-1 to J-1+
JCR Affirmed J-1 Rating on CP of Orico Auto Leasing
JCR Upgraded Rating on FUJITSU LEASING from A+/Positive to AA-/Stable and from J-1 to J-1+

JCR Affirmed BBB/Stable Long-term Issur Rating on TOTTORI BANK

Jan. 24, 2019

ZEST Investments B 1606-B01

JCR Affirmed A+/Stable and A on SHIGA BANK

JCR Affirmed AAA Rating on Bonds (guaranteed by Development Bank of Japan) of Suzuyo

Jan. 23, 2019

JCR Reviewed Green Loan Evaluation on Long-term Loan borrowed by Canadian Solar Infrastructure Fund

JCR Assigned A+ Rating to Subordinated Bonds of JAPAN POST INSURANCE

JCR Assigned AA- Rating to Bonds of Kansai Electric Power

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

JCR Affirmed A+/Stable and J-1 on MINEBEA MITSUMI

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL19-01

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL19-01

Jan. 22, 2019

JCR Upgraded Rating on FUJI ELECTRIC from A-/Positive to A/Stable

JCR Upgraded Rating on Mitsui Chemicals from A/Positive, A and Preliminary A to A+/Stable, A+ and Preliminary A+; Affirmed J-1 on CP

JCR Upgraded Rating on TONAMI HOLDINGS from BBB+/Positive to A-/Stable

JCR Assigned A- Rating to Subordinated Bonds of TAIYO NIPPON SANSO

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Affirmed BBB+ Rating on Yasuda Logistics; Revised Outlook from Stable to Positive

JCR Affirmed A/Stable, A, and Preliminary A on SCSK

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Southern TOHOKU Social Welfare Foundation

JCR Affirmed A-/Stable and BBB+ on Ehime Bank

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL19-01 (F Hospital)

Jan. 21, 2019

JCR Affirmed AA-/Stable and AA- on Coca-Cola Bottlers Japan Holdings

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

JCR Affirmed AA/Stable Long-term Issuer Rating on 77 Bank

JCR Affirmed AA+/Stable and J-1+ on Master Trust Bank of Japan

JCR Affirmed AA+/Stable and J-1+ on Japan Trustee Services Bank

Jan. 18, 2019

Hitachi's Downward Revision of Earnings Forecasts - Limited Impact on Rating

NIDEC's Downward Revision of Earnings Forecasts - Positive Outlook Unchanged

JCR Upgraded Ratings on Slovenia to AA-; Changed Outlook to Stable from Positive

JCR Affirmed AAA/AAA (FC/LC) Ratings on United States of America

JCR Assigned AA Rating to Bonds of ORIENTAL LAND; Affirmed AA/Stable and AA

JCR Assigned AA- Rating to Bonds of TOKYU

JCR Assigned AAA Rating to Bonds of Tokyo Metro

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Assigned AAA Rating to Bonds of Japan Student Services

JCR Assigned AA+ Rating to Bonds of NARITA INTERNATIONAL AIRPORT

JCR Affirmed A+/Stable Long-term Issuer Rating on Fukuoka Kogyo Daigaku

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

JCR Affirmed AA-/Stable and AA- on Sumitomo Warehouse

JCR Affirmed BBB/Stable Long-term Issuer Rating on TOHOKU BANK

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

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

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (Gokikai)

Jan. 17, 2019

JCR Upgraded Rating on Sintokogio from BBB/Positive to BBB+/Stable

JCR Assigned A-/Stable Long-term Issuer Rating to Sumitomo Mitsui Construction

JCR Assigned BBB+ Rating to Subordinated Bonds of MORI BUILDING

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Affirmed A+ Rating on MIRAI Corporation; Revised Outlook from Stable to Positive

JCR Affirmed A-/Stable and J-1 on JAPAN PULP AND PAPER

JCR Affirmed A+/Stable, A+ and Preliminary A+ on Sumitomo Riko

JCR Affirmed J-1+ Rating on CP of TOYOTA MOTOR

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

JCR Affirmed A/Stable, A, and J-1 on Yasuda Real Estate

Jan. 16, 2019

JCR Assigned A Rating to Bonds of JA Mitsui Leasing

JCR Affirmed AA-/Stable and Preliminary AA- on Hiroshima Bank

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

JCR Affirmed A/Stable, A, Preliminary A, and J-1 on TAKARA HOLDINGS

JCR Affirmed A-/Stable and A- on AISAN INDUSTRY

JCR Affirmed A/Stable Long-term Issuer Rating on FUKUYAMA TRANSPORTING

JCR Affirmed AAA/Stable and AAA on Japan Student Services

JCR Affirmed AA/Stable and AA on Nomura Real Estate Master Fund

Jan. 15, 2019

JCR Affirmed J-1 Rating on CP of NIPPON STEEL & SUMIKIN BUSSAN; Increase in CP Maximum Amount

JCR Affirmed A/Stable, A, Preliminary A, and J-1 on Sumitomo Osaka Cement

JCR Affirmed A-/Stable and A- on PACIFIC INDUSTRIAL

Jan. 11, 2019

JCR assigned Social 1 (F) to Social Finance Framework of Healthcare and Medical Investment Corporation

JCR assigned Social 1 to short-term and Long-term borrowings of Healthcare and Medical Investment Corporation

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned Preliminary A Rating to Shelf Registration of DAIBIRU

JCR Affirmed A+/Stable Long-term Issuer Rating on Nissan Chemical Corporation

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

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

Jan. 10, 2019

JCR Assigned Green 1 to Series 82 Unsecured Corporate Bonds issued by Odakyu Electric Railway

JCR Assigned AA- Rating to Bonds of Odakyu Electric Railway

Jan. 09, 2019

JCR Assigned Green 1 (Preliminary Evaluation) to Bonds to be issued by Kenedix Office Investment Corporation

JCR Assigned AA-/Stable Long-term Issuer Rating and J-1+ to JERA

Jan. 07, 2019

JCR Assigned Green 1 (Preliminary) to Series 82 Unsecured Corporate Bonds issued by Odakyu Electric Railway

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

JCR Assigned A Rating to Bonds of TOBU RAILWAY

Jan. 04, 2019

JCR Withdraws J-1 Rating on CP of Nippon Steel & Sumikin Coated Sheet