News Release

Oct. 01, 2018

JCR Affirmed J-2 Rating on CP of TSUBAKIMOTO KOGYO

JCR Withdraws A/Stable Long-term Issuer Rating on JAPAN VILENE COMPANY, LTD.

JCR Withdraws A+/Stable and J-1 on NIPPON STEEL & SUMIKIN LOGISTICS

Sep. 28, 2018

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JCR Assigned Green 1 to Long-term Loan Borrowed by United Urban Investment Corporation

JCR Assigned Green 1 to the UUR Green Joint Trust Beneficiary Rights (UUR Green Trust)

JCR Assigned Green 1 to the Trust Beneficiary Rights 00012747

JCR's Rating Review of Major Banks

JCR Upgraded Rating on MINATO BANK from A/Positive to A+/Stable and from A- to A
JCR Upgraded Rating on Kansai Urban Banking from A/Positive to A+/Stable and from J-1 to and J-1+

JCR Affirmed AA/Stable Long-term Issuer Rating on SMBC Nikko Securities

JCR Affirmed A-/Stable and A- on SBI SECURITIES

JCR Affirmed AA/Stable, AA and J-1+ on Mizuho Securities
JCR Affirmed AA Rating on EMTN of Mizuho International
JCR Affirmed AA Rating on EMTN of Mizuho Securities USA

JCR Affirmed AA/Stable, AA and AA- on Mitsubishi UFJ Securities Holdings
JCR Affirmed AA/Stable on Mitsubishi UFJ Morgan Stanley Securities

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

JCR Assigned Preliminary A Rating to Shelf Registration of HASEKO

JCR Affirmed A/Stable and J-1 on Marubeni-Itochu Steel

[ Asset Securitization Products ] JCR Assigned AAA to Grass Park Beneficial Interest Series 1

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL18-09

Sep. 27, 2018

Violet Protected Asset SPC VPA 1 S10

JCR Affirmed AA/Stable and AA on United Urban Investment

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL18-09

[ Asset Securitization Products ] JCR Assigned J-1+ to Saitama Resona Bank A Corporation Bills Receivable Senior Beneficial Interest 18-09

Sep. 26, 2018

JCR Assigned A-/Stable Long-term Issuer Rating to Okinawa Credit Service

JCR Assigned A-/Stable Long-term Issuer Rating to Ryukyu Leasing

JCR Assigned Preliminary A Rating to Shelf Registration of Fuyo General Lease

JCR Affirmed AA/Stable, AA and Preliminary AA on ASAHI KASEI

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

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to Hokuriku Bank C Corporation Bills Receivable ABL18-09

Sep. 25, 2018

JCR Affirmed A+/Stable Long-term Issuer Rating on AKITA BANK

JCR Assigned A+ to Specified Bonds of Meiji Yasuda Life 2018 Fund Special Purpose Company

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL18-09 (D Hospital)

Sep. 21, 2018

JCR Affirmed AA+p/Stable Long-term Issuer Rating on Astellas Pharma

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

JCR Affirmed AAA (FC)/AAA (LC) Ratings on Export Development Canada with Stable Outlook

JCR Affirmed AAA Rating on Inter-American Development Bank with Stable Outlook

JCR Affirmed AAA/AAA(FC/LC) ratings on Norway with Stable Outlook

JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL18-09

JCR Assigned J-1 to Medical Treatment Fees Receivable ABL18-09 (F Hospital)

Sep. 20, 2018

Violet Protected Asset SPC VPA 1 S10

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL18-09

Sep. 19, 2018

JCR Affirmed A-, Preliminary A-, BBB and J-1 on Showa Denko; Revised Outlook from Stable to Positive

JCR Affirmed J-2 Rating on CP of SHOKO

JCR Affirmed BBB/Stable Long-term Issuer Rating on Tokushu Tokai Paper

JCR Affirmed A+/Stable, A+ and A- on KONICA MINOLTA

JCR Affirmed A/Stable, A and Preliminary A on AICHI STEEL

JCR Affirmed BBB/Stable, Preliminary BBB and J-2 on JALUX

JCR Affirmed J-2 Rating on CP of TOKAI Holdings

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Affirmed AA-/Stable Long-term Issuer Rating on Mitsubishi Estate Logistics REIT Investment Corporation

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL18-09

Sep. 18, 2018

UKC Holdings Announced Its Business Integration with VITEC HOLDINGS - Underpinning Its Credit Ratings

JCR Assigned A+ Rating to Subordinated Loan of Nippon Life Insurance

JCR Assigned A+ Rating to Bonds of Nissay 2nd Subordinated Loan Securitization Company Limited

JCR Affirmed BB Rating on Sharp; Revised Outlook from Stable to Positive

JCR Affirmed BBB+/Stable, BBB+ and Preliminary BBB+ on Kintetsu Group Holdings

JCR Affirmed AA- Rating on EMTN of Nomura Europe Finance; Assigned AA- Rating to EMTN of Nomura Global Finance

JCR Affirmed A Ratings on Malayan Banking with Stable Outlook

JCR Affirmed A/A+ (FC/LC) Ratings on Malaysia with stable outlook

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL18-09

Sep. 14, 2018

Acquisition of INVOICE by Fuyo General Lease - No Impact on Rating; Expansion of Non-asset Business can be Expected

JCR Assigned BBB+ Rating to Bonds of HANWA

JCR Assigned A- Rating to Bonds of HIKARI TSUSHIN

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

JCR Assigned BBB+ Rating to Bonds of Hitachi Zosen

JCR's Rating Review of Foreign Exchange (FX) Margin Trading Intermediaries

JCR Affirmed AA/Stable and AA on Activia Properties

Sep. 13, 2018

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PIONEER Executes Memorandum of Understanding Concerning Support by Sponsor - Future Developments to Be Monitored and Reflected in Rating as Appropriate

JCR Assigned A Rating to Subordinated Bonds of T&D Holdings

JCR Assigned BBB- Rating to Subordinated Loan of Tokuyama

JCR Assigned A Rating to Bonds of Japan Airlines

JCR Assigned BBB+ Rating to Bonds of Sanken Electric

JCR Assigned Preliminary AAA Rating to Shelf Registration of NTT FINANCE

Sep. 12, 2018

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JCR Upgraded Shinhan Bank Japan from BBB+ to A with Stable Outlook

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned A Rating to Bonds of Idemitsu Kosan

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

Sep. 11, 2018

JCR Affirmed AA-/Stable, AA-, Preliminary AA-, and J-1+ on Mitsubishi Heavy Industries

JCR Affirmed A-/Stable, A-, Preliminary A- and J-1 on NEC Capital Solutions

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to Saitama Resona Bank A Corporation Bills Receivable Senior Beneficial Interest 18-09

Sep. 10, 2018

JCR Assigned Preliminary A+ Rating to Shelf Registration of AIR WATER

Sep. 07, 2018

Hokkaido Electric Power was Affected by Earthquake - JCR will Watch Cost for Restoration and Impact on Earnings and Financial Conditions

JCR Downgraded Rating on PIONEER from #BBB-/Negative to #BB+/Negative; Maintains Credit Monitor

JCR Affirmed A+, Preliminary A+ and J-1 on THK; Revised Outlook from Stable to Positive

JCR Assigned Preliminary A+ Rating to Shelf Registration of Mitsubishi Chemical Holdings

JCR Assigned A Rating to Bonds of SCSK

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned A Rating to Bonds of HIROSHIMA GAS

JCR Assigned AA- Rating to Bonds of Sumitomo Metal Mining

JCR Assigned A+ Rating to Bonds of DOWA HOLDINGS

JCR Assigned AA- Rating to Bonds of Hankyu Hanshin Holdings

JCR Assigned AA- Rating to Bonds of Mori Trust Holdings

JCR Assigned AA Rating to Bonds of NEW KANSAI INTERNATIONAL AIRPORT

JCR Assigned AA- Rating to Bonds of Global One Real Estate Investment Corporation

JCR Affirmed AA Rating on EMTN of ITOCHU and ITOCHU Treasury Centre Europe

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

JCR Affirmed AA/Stable and AA on Industrial & Infrastructure Fund Investment Corporation