News Release

Jul. 09, 2019

JCR Affirmed A/Stable, A, BBB+, Preliminary A and J-1 on Nomura Real Estate Holdings

JCR Affirmed A-/Stable, A-, and Preliminary A- on Mazda Motor

Jul. 08, 2019

2019-1020

JCR Assigned Preliminary AA- Rating to Shelf Registration of JFE Holdings

JCR Affirmed AA/Stable, AA and Preliminary AA on DAIKIN INDUSTRIES

JCR Affirmed A-/Stable, A- and J-1 on Mitsui Mining and Smelting

JCR Affirmed BBB/Stable Long-term Issuer Rating on ISHIHARA SANGYO

JCR Affirmed BBB+/Stable and BBB+ on FUJI KYUKO

JCR's Rating Review of Money Market Brokers

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

JCR Assigned Preliminary AA- to Bonds of Nissay 2019 Fund Securitization

JCR Affirmed AA-/Stable Long-term Issuer Rating on Mitsui Fudosan Logistics Park

Jul. 05, 2019

JCR Assigned Preliminary AA+ Rating to Shelf Registration of Electric Power Development

JCR Assigned AA Rating to Bonds of Chubu Electric Power

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 Odakyu Electric Railway

JCR Assigned BBB+ Rating to Bonds of Kintetsu Group Holdings

JCR Assigned A Rating to Bonds of Kawasaki Heavy Industries

JCR Assigned A Rating to Bonds of Ube Industries

JCR Assigned A Rating to Bonds of Tokyu Fudosan Holdings

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

JCR Assigned AA- Rating to Bonds of RICOH LEASING

JCR Assigned A- Rating to Bonds of NEC Capital Solutions

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned AA Rating to Bonds of Sekisui House Reit

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

Jul. 04, 2019

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

JCR Assigned A Rating to Bonds of TEPCO Power Grid

Jul. 03, 2019

JCR Assigned AA Rating to Bonds of Activia Properties

JCR Assigned Preliminary A+ Rating to Shelf Registration of Marubeni

Highlights of Major Telecom Companies' Financial Results for Fiscal Year Ended March 2019

Jul. 02, 2019

JCR Affirmed AA-/Stable and AA- on Fukuoka REIT Corporation

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Nippon Fine Chemical

JCR Assigned Preliminary BBB Rating to Shelf Registration of COSMO ENERGY HOLDINGS

JCR's Rating Review of Electric Power Companies

Jul. 01, 2019

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Orix Bank (SBM)

JCR Assigned Green1(F) to Green Finance Framework by Japan Prime Realty Investment Corporation

JCR Assigned Green1 (Preliminary Evaluation) to 12th Bonds Issued by Japan Hotel REIT Investment Corporation

JCR Assigned Preliminary AA- Rating to Shelf Registration of Yahoo Japan

JCR Affirmed AA-/Stable, AA-, A and J-1+ on Suntory Holdings

JCR Affirmed AA-/Stable, AA- and J-1+ on Suntory Beverage & Food

JCR Affirmed J-1 Rating on CP of Marubeni-Itochu Steel; Increase in CP Maximum Amount

JCR Affirmed AA- Rating on Commitment Line of PASMO

Jun. 28, 2019

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19-07

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

JCR Assigned AAA Ratings to Bonds of African Development Bank

JCR Assigned Preliminary AA Rating to Shelf Registration of NISSHIN SEIFUN GROUP

JCR Affirmed A-/Stable and A- on Hanwha Chemical

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL19-06

JCR Affirmed BBB on Blue Energy Ishikawa Mega Solar Power Station Project Senior Loan

Jun. 27, 2019

JCR Removed Credit Monitor; Upgraded Rating on Yahoo Japan from #A/Positive to AA-; Placed Stable Outlook

JCR Assigned AA-/Stable Long-term Issuer Rating to SoftBank

JCR Assigned A- Ratings to JPY Bonds of Mexico

JCR Assigned A to NatWest Markets' JPY Bonds

JCR Assigned Preliminary AA Rating to Shelf Registration of MUFG Bank

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of Kintetsu Group Holdings

JCR Affirmed A-/Stable Long-term Issuer Rating on San ju San Financial Group
JCR Affirmed A-/Stable Long-term Issuer Rating on Mie Bank
JCR Affirmed A-/Stable Long-term Issuer Rating on Daisan Bank

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL19-06

[ Asset Securitization Products ] JCR Assigned J-1+ to Saitama Resona Bank A Corporation Bills Receivable Senior Beneficial Interest 19-06

Highlights of Analytical Instruments Manufacturers' Financial Results for Fiscal Year Ended December 2018/March 2019

Jun. 26, 2019

JETS International Five Limited 171

Mitsubishi Heavy Industries' Acquisition of Canadair Regional Jet Program from Bombardier - Limited Impact on Rating

JCR Assigned Green 1 (Final Evaluation) to Long-term Loan Borrowed by NISSEN KAIUN

JCR Assigned Green 1 (F) to Green Finance Framework By Advance Residense Investment Corporation

JCR Assigned Preliminary A+ Rating to Shelf Registration of YOKOHAMA MINATOMIRAI RAILWAY

[ Asset Securitization Products ] JCR Affirmed AAA and A- on Class A and Class B Beneficial Interests on Jupiter Investment Purpose Condominium Loan Backed Beneficial Interests 2013

[ Asset Securitization Products ] JCR Affirmed AAA and A- on Class A and Class B Beneficial Interests on Sakura Investment Purpose Condominium Loan Securitization Series 1

[ Asset Securitization Products ] JCR Affirmed Senior Beneficial Interest 201602
[ Asset Securitization Products ] JCR Affirmed Senior Beneficial Interest 201609
[ Asset Securitization Products ] JCR Affirmed Class A Beneficial Interest 201701
[ Asset Securitization Products ] JCR Affirmed Class A Beneficial Interest 201705
[ Asset Securitization Products ] JCR Affirmed Class A Beneficial Interest 201708
[ Asset Securitization Products ] JCR Affirmed Class A Beneficial Interest 201806

Jun. 25, 2019

JCR Assigned Preliminary A to NatWest Markets' JPY Bonds

Sylph Limited 1888

JCR's Rating Review of Tire Manufacturers

JCR Affirmed AA+/Stable and J-1+ on BRIDGESTONE

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

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

JCR Affirmed AA/Stable and AA on ORIX JREIT

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

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL19-06 (D Hospital)

Highlights of Major Pharmaceutical Companies' Financial Results for Fiscal Year Ended March 2019

Jun. 21, 2019

JCR Assigned Green1 to Bonds Issued by GLP J-REIT

JCR Assigned AA Rating to Bonds of GLP J-REIT

JCR Upgraded Rating on SONY from A/Positive to A+/Positive

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

JCR Assigned Preliminary A Rating to Shelf Registration of TEPCO Power Grid

JCR Assigned Preliminary A+ Rating to Shelf Registration of JXTG Holdings

JCR Affirmed J-1 Rating on CP of SoftBank Group; Increase in CP Maximum Amount

JCR's Rating Review of Major Non-Life Insurance Companies

JCR Affirmed AAA/Stable Long-term Issuer Rating on Tokio Marine Holdings
JCR Affirmed AAA/Stable and J-1+ on Tokio Marine & Nichido Fire Insurance

JCR Affirmed AA+/Stable, AA- and J-1+ on Sompo Japan Nipponkoa Insurance
JCR Affirmed AA/Stable Long-term Issur Rating and Ability to Pay Insurance Claims on SAISON AUTOMOBILE AND FIRE INSURANCE

JCR Affirmed AA/Stable and A+ on MS&AD Insurance Group Holdings
JCR Affirmed AA+/Stable and J-1+ on Mitsui Sumitomo Insurance
JCR Affirmed AA+/Stable and J-1+ on Aioi Nissay Dowa Insurance

JCR Affirmed AA-/Stable, AA-, A+ and A- on Nomura Holdings
JCR Affirmed AA-/Stable Long-term Issuer Rating on Nomura Securities
JCR Affirmed AA-/Stable Long-term Issuer Rating on Nomura Bank International
JCR Affirmed AA- Rating on EMTN of Nomura Europe Finance
JCR Affirmed AA- Rating on EMTN of Nomura Global Finance

JCR Affirmed A+/Stable, A+ and Preliminary A+ on Daiwa Securities Group
JCR Affirmed A+/Stable Long-term Issuer Rating on Daiwa Securities

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

JCR Affirmed AA-/AA (FC/LC) Ratings on Korea with Stable Outlook

JCR Affirmed BBB/BBB+(FC/LC) Ratings on Romania with Stable Outlook

JCR Affirmed A/A (FC/LC) Ratings on Portugal with Stable Outlook