News Release

Nov. 16, 2018

JCR Assigned AA- Rating to Bonds of AEON REIT Investment Corporation

JCR Assigned A+ Rating to Bonds of Kenedix Residential NEXT Investment Corporation

JCR Assigned AA- Rating to Bonds of JFE Holdings

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Affirmed A and J-1 Rating on Fuyo General Lease; Revised Outlook from Stable to Positive

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

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

Nov. 15, 2018

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Affirmed A-/Stable and J-1 on KROSAKI HARIMA

Nov. 14, 2018

Neon Capital Limited 646,707,714

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

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

JCR Affirmed A/Stable Long-term Issuer Rating on Yodogawa Christian Hospital

Nov. 13, 2018

JCR Upgraded Rating on YAHAGI CONSTRUCTION from BBB/Positive+ to BBB+/Stable

JCR Affirmed A+/Stable Long-term Issuer Rating on NIPPON STEEL & SUMIKIN ENGINEERING

JCR Affirmed AA+/Stable, AA+, Preliminary AA+, and J-1+ on NTT DATA

JCR Affirmed A+/Stable and A+ on Japan Hotel REIT Investment Corporation

Nov. 12, 2018

Approval for SoftBank Group's Listing of Its Telecommunications Subsidiary - Limited Impact on Rating

JCR Assigned AA-/AA (FC/LC) ratings with stable outlook to China

JCR Affirmed A+/Stable and A+ on LIXIL Group

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

Nov. 09, 2018

VALOR HOLDINGS will Make DAIYU LIC HOLDINGS Its Consolidated Subsidiary - No Immediate Impact on Rating, Future Synergies to be Watched

Nov. 08, 2018

Japan Atomic Power Company has received regulatory approval of an extension of the operating period - JCR will closely monitor the future activities over the understanding of local municipalities and its financing plan for construction costs

MINEBEA MITSUMI Announces Its Plan to Acquire U-shin - Limited Impact on Rating

PIONEER Announced Business Results for 2nd Quarter of FY2018 - JCR will Watch Progress and Developments on Consultations on Support by Sponsor

JCR Affirmed A/Stable Long-term Issuer Rating on TIS
JCR Affirmed A/Stable Long-term Issuer Rating on INTEC

JCR Affirmed A+/Stable on Hyundai Capital Services

JCR Affirmed A-/A (FC/LC) Ratings on Republic of Peru with Stable Outlook

Nov. 07, 2018

JCR Affirmed BBB-/Stable Long-term Issuer Rating on AIRTECH JAPAN

Nov. 06, 2018

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

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

Nov. 05, 2018

ASICS’ Downward Revision of Earnings Forecasts - JCR will Watch Impact of Structural Reforms on Financial Base and Trend of Business Performance Recovery

ABL 17-05-02

JCR Assigned A- to CPI Property Group with Stable Outlook

Nov. 02, 2018

Series 176

Toyo Tire & Rubber to Form Capital and Business Alliance with Mitsubishi Corp. - Synergies in the Medium Run, Construction Plan for New Production Facilities and Progress in Repairing of Seismic Isolation Rubber Products to Be Closely Watched

JCR Assigned Preliminary BBB+ Rating to Subordinated Bonds of Rakuten

JCR Affirmed AA/Stable, AA, A+ and J-1+ on Sekisui House

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

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

Nov. 01, 2018

JCR Assigned A+ ratings to bonds of Empresa Nacional del Petroleo

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

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Gyokushoukai

JCR Affirmed A/Negative, A, Preliminary A, and J-1 on Rakuten

JCR Affirmed A/Negative and J-1 on Rakuten Bank

JCR Affirmed A/Negative and J-1 on Rakuten Securities

JCR Affirmed A/Negative and J-1 on Rakuten Card

JCR Affirmed A/Negative Long-term Issuer Rating on Rakuten General Insurance

JCR Affirmed AAA Ratings on The International Bank for Reconstruction and Development with Stable Outlook

Oct. 31, 2018

JCR Affirmed BBB and J-2 Rating on Mitsui E&S Holdings; Revised Outlook from Stable to Negative

JCR Affirmed A-/Stable and J-1 on SUMCO

JCR Affirmed J-1 Rating on CP of Shutoken Leasing

JCR Affirmed A-/Stable and J-1 on Mitsubishi Electric Credit

JCR Affirmed AA-/Stable and AA- on Japan Excellent

JCR Affirmed AA/Stable Long-term Issuer Rating on Mitsui Fudosan Private REIT

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL18-10

Oct. 30, 2018

NIPPON STEEL & SUMITOMO METAL Sees Progress in Procedures for Joint Acquisition of Essar Steel India - No Impact on Rating, Future Developments to Be Watched

JCR Upgraded Rating on IZUMI from A/Positive to A+/Stable

JCR Affirmed BBB+ and J-2 on FUJI SOFT; Revised Outlook from Stable to Positive

JCR Affirmed AA- and J-1+ Rating on Mitsubishi UFJ Lease & Finance; Revised Outlook from Stable to Positive

JCR Affirmed A-/Stable, A- and J-1 on Konoike Transport

JCR Affirmed A/Stable Long-term Issuer Rating on Ezaki Glico

JCR Affirmed BBB+/Stable and BBB+ on Kanagawa Chuo Kotsu

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

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Jimoto Holdings
JCR Affirmed BBB-/Stable Long-term Issuer Rating on Kirayaka Bank
JCR Affirmed BBB-/Stable Long-term Issuer Rating on Sendai Bank

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL18-10

Oct. 29, 2018

JCR Upgraded Rating to A+/Stable and A- on ISUZU MOTORS;Affirmed J-1

JCR Affirmed AA- Rating on NIDEC; Revised Outlook from Stable to Positive

JCR Affirmed AA-/Stable Long-term Issuer Rating on NISSAN MOTOR

JCR Affirmed AA-/Stable Long-term Issuer Rating on NISSAN FINANCIAL SERVICES

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

JCR Affirmed AA/Stable and AA on Daiwa House REIT Investment Corporation

JCR Withdraws J-1+ on CP of NIDEC

Oct. 26, 2018

JCR Placed Rating on DAIKYO under Credit Monitor #A/Positive

JCR Assigned Green 1 to the Bonds issued by Fuyo General Lease

JCR Assigned A Rating to Bonds of Fuyo General Lease

JCR Removed Credit Monitor; Downgraded Rating on Daishi Bank from #AA-/Negative to A+
JCR Removed Credit Monitor; Upgraded Rating on Hokuetsu Bank from #A/Positive to A+

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

JCR Affirmed J-2 Rating on CP of Seibu Oil

JCR Assigned A Rating to Bonds of HASEKO

JCR Assigned A Rating to Bonds of Yasuda Real Estate

JCR Assigned Preliminary AA- Rating to Shelf Registration of Mitsubishi Heavy Industries; Affirmed J-1+ Rating on CP; Increase in CP Maximum Amount

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL18-10 (D Hospital)

Oct. 25, 2018

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

JCR Affirmed AA-/Stable, AA-, Preliminary AA-, and J-1+ on Odakyu Electric Railway

JCR Affirmed J-1 Rating on CP of T&D Lease

JCR Affirmed J-2 Rating on CP of MMC Diamond Finance

Oct. 24, 2018

JCR Assigned AA Rating to Bonds of Mitsui Fudosan

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned Preliminary A- Rating to Shelf Registration of TAIHEIYO CEMENT

JCR Affirmed A/Stable and Preliminary A on DAIKYO

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL18-10

Oct. 23, 2018

JCR Affirmed A/Stable and J-1 on Nabtesco

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

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL18-10

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL18-10

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (Seiwakai Medical Corporation, Ishii Hospital)

Oct. 22, 2018

JCR Assigned Preliminary A Rating to Shelf Registration of SUMITOMO HEAVY INDUSTRIES

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

JCR Affirmed A+/Stable, A+ and Preliminary A+ on NSK