News Release

Sep. 06, 2017

JCR Assigned A Rating to Bonds of Nomura Real Estate Holdings

JCR Assigned A+ Rating to Bonds of SUMITOMO CHEMICAL

JCR Assigned A Rating to Bonds of Denka

JCR Assigned AA+ to Bonds of Electric Power Development

JCR Assigned AAA to Bonds of Aichi Prefecture

JCR Affirmed BBB/Stable Long-term Issuer Rating on DAIKI ALUMINIUM INDUSTRY

Sep. 05, 2017

JCR Assigned A- Rating to Bonds of GS Yuasa Corporation

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

JCR Affirmed AAAp Rating on The European Bank for Reconstruction and Development with Stable Outlook

Sep. 04, 2017

JCR Affirmed A-/Stable and BBB+ on Tokyo Star Bank

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

Sep. 01, 2017

Sale of Shares in UK's Canopius by Sompo Japan Nipponkoa Insurance - No Impact on Rating

JCR Assigned A-/A Ratings to Peru with Stable Outlook

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

JCR Downgraded Rating on FUKUHO BANK from BBB/Negative to BBB-/Stable

JCR Assigned AA- Rating to Bonds of Tohoku Electric Power

JCR Assigned A+ Rating to Bonds of Mitsubishi UFJ Financial Group

JCR Assigned A+ Rating to Bonds of Japan Rental Housing Investments

JCR Assigned Preliminary AA- Rating to Shelf Registration of Mitsubishi UFJ Lease & Finance

JCR Assigned Preliminary A Rating to Shelf Registration of JA Mitsui Leasing

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

JCR Affirmed AA Ratings on Electricite de France with Stable Outlook

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

JCR Affirmed AA- and A+ Rating on EMTN of Sumitomo Mitsui Financial Group
JCR Affirmed AA and J-1+ Rating on EMTN of Sumitomo Mitsui Banking
JCR Affirmed AA and J-1+ Rating on EMTN of SMBC Capital Markets

Aug. 31, 2017

Norinchukin Trust & Banking loan

Norinchukin Trust & Banking lease

The Nomura Trust and Banking Co., Ltd. (Shintakuguchi)

The Nomura Trust and Banking Co., Ltd.(Shintaku Shasai)

ZEST Investments B

JCR Affirmed J-2 Rating on CP of TOKAI Holdings

JCR Affirmed J-1 Rating on CP of JA Mitsui Leasing; Increase in CP Maximum Amount

JCR Affirmed A- Rating on Ichigo Office REIT Investment Corporation; Revised Outlook from Stable to Positive

JCR Assigned A Rating to SGET Tochigi Mega Solar Power Station Project Beneficial Interest (2nd Issue)

JCR Affirmed A+ on Beneficial Interest/ABL of Securitization of Loans Receivable

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL17-08

[ Asset Securitization Products ] JCR Assigned AAA Rating to Class A Beneficial Interest 201708

JCR Withdraws BBB/Negative Long-term Issuer Rating on Maruzen Petrochemical

Aug. 30, 2017

JCR Assigned A+ Rating to Bonds of Nishi-Nippon Railroad

JCR Assigned AA Rating to Bonds of Chugoku Electric Power, Incorporated

JCR Assigned A- to Bonds (Tier 1 with loss absorption clause) of Sumitomo Mitsui Trust Holdings

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

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

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL17-08

JCR Affirmed J-1+ on Mortgage Service Japan ABL Program

Aug. 29, 2017

JCR Assigned Preliminary AA- Rating to Shelf Registration of Sumitomo Metal Mining

JCR Assigned preliminary AA Rating to Shelf Registration of Sumitomo Electric Industries

JCR Assigned preliminary AA Rating to Shelf Registration of Concordia Financial Group

JCR Assigned Preliminary AA- Rating to Shelf Registration of AEON REIT Investment Corporation

JCR Affirmed A-/Stable, A-, BBB and J-1 on NIPRO

JCR Affirmed A/Stable and A on HORIBA

[ Asset Securitization Products ]JCR Affirmed J-1 on Ferry Road ETC Card Receivable ABL Program

Aug. 28, 2017

JCR Assigned A- Rating to Subordinated Loan of KONICA MINOLTA

JCR Assigned Preliminary BBB Rating to Bonds of Daiei Real Estate & Development

JCR Affirmed A, A and J-1 on ITOCHU ENEX; Revised Outlook to Positive

JCR Affirmed A-, A- and J-1 on Idemitsu Kosan; Revised Outlook to Positive

JCR Affirmed A/Stable, A, Preliminary A and J-1 on SHOWA SHELL SEKIYU

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

JCR Affirmed A-/Stable, A- and Preliminary A- on MAEDA

JCR Affirmed A/Stable and A- on TAIKO BANK

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL17-08 (D Hospital)

Aug. 25, 2017

JETS International Five Limited 240

Mitsui Sumitomo Insurance's Acquisition of a Major Non-life Insurer in Singapore—No Immediate Impact on Rating

Basic Agreement on Capital/Business Alliance of Famima UNY HD & Don Quijote HD-No Immediate Impact on Rating but Future Developments to Be Watched

JCR Assigned A to Bonds of KUREHA

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power Company

JCR Assigned AA- to Bonds of Hitachi Capital

JCR Assigned AA+ Rating to Bonds of Japan Student Services Organization

JCR Affirmed AA/Stable and AA on TOYOTA BOSHOKU

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

JCR Affirmed BBB-/Stable and J-2 on Mitsubishi Paper Mills

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

JCR Affirmed A-/Stable, A- and Preliminary A- on SEIBU HOLDINGS

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

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL17-08

Aug. 24, 2017

JCR Assigned A- Rating to Bonds of Tokyo Tatemono

JCR Assigned A Rating to Bonds of Kenedix Retail REIT Corporation

JCR Affirmed BBB+, Preliminary BBB+ and J-2 on TAIHEIYO CEMENT; Revised Outlook from Stable to Positive

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

Aug. 23, 2017

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

JCR Assigned AA- to Bonds of NIDEC

JCR Assigned AA- to Bonds of Mitsubishi Heavy Industries

JCR Assigned AAA to Bonds of West Nippon Expressway

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (Kyokuhokai Medical Association, Asahikawa Sanai Hospital)

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL17-08

Aug. 22, 2017

JCR Assigned AA Rating to Bonds of Mitsui Fudosan

JCR Assigned A+ Rating to Bonds of Daiwa Securities Group

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL17-08 (F Hospital)

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL17-08

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL17-08

Aug. 21, 2017

JCR Assigned Preliminary AA- Rating to Shelf Registration of ITOCHU

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

JCR Affirmed BB+ (FC/LC) Ratings on Russia; Revised Outlook from Negative to Stable

Aug. 18, 2017

JCR Affirmed AA-/Stable Long-term Issuer Rating on Premier Investment Corporation

JCR Affirmed AA-/Stable, AA- and Preliminary AA- on Global One Real Estate Investment Corporation

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

Aug. 17, 2017

JCR Assigned Preliminary A- Rating to Shelf Registration (Senior Bonds) of SoftBank Group

Aug. 16, 2017

JCR Affirmed A/Stable and A on Malayan Banking

Aug. 14, 2017

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

Aug. 10, 2017

JCR Assigned A+ Rating to Subordinated Bonds of Sekisui House