News Release

Aug. 21, 2018

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL18-08 (F Hospital)

Aug. 20, 2018

JCR Assigned AA/Positive Long-term Issuer Rating and Ability to Pay Insurance Claims to Nippon Life Insurance; Affirmed J-1+ and Withdraws AAp Ratings

JCR Assigned AA-/Stable Long-term Issuer Rating and Preliminary A Rating to Subordinated Bonds of T&D Holdings

JCR Affirmed BBB- and J-2 on Financial Products Group; Revised Outlook from Stable to Positive

JCR Assigned Preliminary AA Rating to Shelf Registration of Chugoku Electric Power

JCR Affirmed BBB/Stable and J-2 on Toho Zinc

Aug. 17, 2018

JCR Assigned Preliminary AA- Rating to Bonds of Nomura Holdings

JCR Assigned Preliminary A+ to Shelf Registration of Nippon Electric Glass; Affirmed A+/Stable and J-1

JCR Assigned Preliminary AA Rating to Shelf Registration of NEW KANSAI INTERNATIONAL AIRPORT

JCR Affirmed AA+ (FC/LC) Ratings on Hong Kong with Stable Outlook

Aug. 15, 2018

JCR Affirmed A+ Rating on Benesse Holdings; Revised Outlook from Negative to Stable

Aug. 14, 2018

[ Asset Securitization Products ] JCR Affirmed J-1+ on 3rd Trust Beneficial Interest

JCR Assigned (FC/LC) Solicited Ratings of Turkey and Placed under Credit Monitor to #BBB-/Negative, and Withdrew BBB-/BBB- (FC/LC) Unsolicited Ratings; Placed JPY bond ratings under Credit Monitor to #BBB-/Negative

[ Asset Securitization Products ] JCR Affirmed J-1+ on ABCP Programs of Super Trust 1 to 20, LLCs

Aug. 13, 2018

JCR Affirmed A+ and J-1 Ratings on SUMITOMO CHEMICAL; Revised Outlook from Stable to Positive

JCR Affirmed A/Stable and J-1 on Daido Steel

Aug. 10, 2018

Outlook Revision for Issuer Ratings Following Same for Japan

Outlook Revision for FILP Agencies, etc. Following Same for Japan

JCR Revised Outlook for Tokio Marine Holdings and Tokio Marine & Nichido Fire Insurance from Negative to Stable

JCR Revised Outlook for Japan Earthquake Reinsurance from Negative to Stable

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

JCR Assigned BBB+ Rating to Bonds of TSUKISHIMA KIKAI

JCR Assigned A Rating to Bonds of MORI BUILDING

JCR Assigned AA Rating to Bonds of Nippon Prologis REIT

JCR Affirmed BBB+/Stable, BBB+, and BBB- on Hitachi Zosen

JCR Affirmed A on SGET Tochigi Mega Solar Power Station Project Beneficial Interest

Aug. 09, 2018

JCR Affirmed AAA/AAA (FC/LC) Ratings on Japan; Revised Outlook from Negative to Stable

JCR Affirmed BBB- Rating on KISOJI; Revised Outlook from Stable to Positive

Highlights of Regional Banks' Financial Results for Fiscal Year Ended March 2018

Aug. 08, 2018

JCR Assigned BBB+/BBB+ (FC/LC) Solicited Ratings to the Philippines with Stable Outlook and Withdrew BBB+/BBB+ (FC/LC) Unsolicited Ratings; Assigned BBB+ Rating to JPY Bonds

JCR Assigned Preliminary AA- to Shelf Registration of Kansai Electric Power

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

Aug. 07, 2018

JCR Placed Rating on PIONEER under Credit Monitor #BBB-/Negative

Aug. 06, 2018

JCR Affirmed BBB+/Stable and Preliminary BBB+ on HEIWA REAL ESTATE

Aug. 03, 2018

ARLO XII Limited CLN-83

Series 37

JCR Assigned AA- Rating to Bonds of Japan Excellent

JCR Assigned Preliminary A+ Rating to Shelf Registration of Keikyu

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

Aug. 02, 2018

MIRAIT Holdings Announces Management Integration with SOLCOM and Shikokutsuken - No Immediate Impact on Rating

JCR Affirmed A+/Stable Long-term Issuer Rating on Jupiter Telecommunications

JCR Affirmed A-/Stable, A- and J-1 on GS Yuasa Corporation

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

JCR Affirmed A-/Stable and A- on SIIX

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

Aug. 01, 2018

JCR Assigned Preliminary A- Rating to Shelf Registration of MAEDA CORPORATION

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

Jul. 31, 2018

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

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL18-07

JCR Withdraws AA-/Stable and J-1+ on Sumitomo Mitsui Card

Jul. 30, 2018

JCR Assigned Preliminary A Rating to Shelf Registration of KUREHA; Affirmed A/Stable, A, and J-1

JCR Affirmed AA/Stable and AA on TOYOTA BOSHOKU

JCR Affirmed AAA(FC/LC) on UK with Negative Outlook

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL18-07

Jul. 27, 2018

2018-11

JCR Affirmed A and Preliminary A on MORI BUILDING; Revised Outlook from Stable to Positive

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

JCR Affirmed A on Kurimoto Mega Solar Project Bond Trust 1 Beneficial Interest and Trust ABL

JCR Affirmed A on Kurimoto Mega Solar Green Project Bond Trust 2 Beneficial Interest and Trust ABL

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL18-07

JCR Withdraws A/Stable Long-term Issuer Rating on PARAMOUNT BED HOLDINGS

Jul. 26, 2018

Nippon Yusen's Downward Revision of Earnings forecasts - Increasing Downward Pressure on Rating

JCR Upgraded Rating on DAIKIN INDUSTRIES from AA-/Positive and AA- to AA/Stable and AA; Assigned Preliminary AA Rating to Shelf Registration

JCR Assigned A+ Ratings to Bonds of Hyundai Capital Services

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

JCR Affirmed A-/Stable and A- on VALOR HOLDINGS

JCR Affirmed AA-/Stable Ability to Pay Insurance Claims on Hitachi Capital Insurance

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL18-07 (D Hospital)

Jul. 25, 2018

JCR's Views on Hybrid Securities Issued by J-REITs

JCR Assigned Green 1 (preliminary) to the 33rd Bonds of RICOH LEASING

JCR upgraded Shinhan Bank from A+ to AA- with Stable outlook

JCR Upgraded Czech Republic to AA-/AA(FC/LC); Changed Outlook from Positive to Stable

Jul. 24, 2018

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned Preliminary A+ and A- to Shelf Registration of Sumitomo Mitsui Trust Holdings

JCR Affirmed A-/Stable and J-1 on Central Glass; Increase in CP Maximum Amount

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

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

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL18-07

Jul. 23, 2018

ASAHI KASEI's Acquisition of US-based Manufacturer of Automotive Interior Material - No Impact on Rating

JCR Assigned Preliminary BBB+ Ratings to JPY Bonds of the Philippines

JCR Assigned Preliminary A+ Rating to Shelf Registration of Daiwa Securities Group

JCR Affirmed AA/Stable and AA on KURARAY

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL18-07

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL18-07

Jul. 20, 2018

JCR Assigned BBB+/Stable Long-term Issuer Rating and Preliminary BBB+ to Shelf Registration of TSUKISHIMA KIKAI

JCR Assigned BBB+ Rating to Bonds of Kintetsu Group Holdings

JCR Assigned AA- Rating to Bonds of Suntory Beverage & Food

JCR Assigned AA Rating to Bonds of Daiwa House REIT Investment Corporation

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

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL18-07 (F Hospital)

Jul. 19, 2018

JCR Assigned BBB+/Stable Long-term Issuer Rating to FUJI KYUKO

JCR Assigned A+ Rating to Bonds of MIRAI Corporation

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

JCR Affirmed AAA/Negative and AAA on Japan Bank for International Cooperation

Jul. 18, 2018

JCR Upgraded Rating on Morinaga & Co. from A-/Positive to A/Stable

JCR Assigned A Rating to Bonds of TEPCO Power Grid

Jul. 17, 2018

JCR Upgraded Rating on Ferrotec Holdings from BB+/Positive to BBB-/Stable

Jul. 13, 2018

JCR Assigned A- Rating to Bonds of NICHIAS

JCR Assigned BBB+ Rating to Bonds of Makino Milling Machine

JCR Assigned AA- Rating to Bonds of Kansai Electric Power