News Release

Jul. 14, 2017

JCR Assigned A- to Mizuho Financial Group's Tier 1 Bonds with Loss Absorption Clause

JCR Assigned A Rating to Bonds of Mitsui Chemicals

JCR Affirmed BBB/Stable and J-2 on ICHINEN HOLDINGS

Jul. 13, 2017

JCR Assigned BBB+ Rating to Bonds of MEIDENSHA

JCR Affirmed AA-/Stable Rating on Hitachi Capital Insurance

JCR Affirmed A+ (FC) Ratings on HCS

Highlights of Regional Banks' Financial Results for Fiscal Year Ended March 2017

Jul. 12, 2017

JCR Affirmed BBB Rating on ROYAL HOLDINGS; Outlook Positive

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned AA- Rating to Bonds of RICOH LEASING

JCR Assigned AA- Rating to Bonds of Kenedix Office Investment

JCR Assigned Pre. A+ to Shelf Reg. of THK; Affirmed A+/Stable & J-1

JCR Assigned Pre A to Spec. Bonds of Meiji Yasuda Life 2017 Fund SPC

Jul. 11, 2017

JCR Affirmed A+ Rating on Meiji HLD; Revised Outlook to Positive

JCR Assigned A Rating to Bonds of Kawasaki Heavy Industries

JCR Assigned AA- Rating to Bonds of Comforia Residential REIT

Jul. 10, 2017

JCR Assigned Pre A+ to Subordinated Bond of Sekisui House

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

JCR Assigned Pre A to Shelf Reg. of Sumitomo Osaka Cement

JCR Assigned Pre A to Shelf Reg. of ACOM

JCR Affirmed AAp/Stable Long-term Issuer Rating on Hitachi

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

JCR Affirmed AAA/AAA (FC/LC) Ratings on the Netherlands

Jul. 07, 2017

JCR Upgraded Rating on Japan Airlines from A-/Positive to A/Stable

JCR Assigned AA- Rating to Bonds of Odakyu Electric Railway

JCR Assigned Pre AA- to Specified Bonds of Nissay 2017 Fund SPC

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

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 LaSalle LOGIPORT

JCR Assigned AA- Rating to Bonds of Sekisui House Reit

JCR Assigned Pre A to Shelf Reg. of TEPCO Power Grid

JCR Assigned Pre AA+ to Shelf Reg. of Electric Power Development

JCR Assigned Pre. AA- Rating to Shelf Registration of JFE Holdings

JCR Assigned Pre. A Rating to Shelf Registration of TOBU RAILWAY

JCR Assigned Pre. BBB+ Rating to Shelf Reg. of Kintetsu Group Holdings

JCR Affirmed A+/Stable on Yamagata Bank

JCR Affirmed BBB+/Stable on Asahi Fire And Marine Insurance

Jul. 06, 2017

SoftBank Group's issue of Hybrid Securities - Equity Content at "Middle" or "50"

JCR Downgraded Rating on Chikuho Bank to BBB+/Stable

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Affirmed BBB+/Stable Ratings on the Philippines

Jul. 05, 2017

JCR Assigned A+ Rating to Bonds of Marubeni Corporation

JCR Assigned A to Bonds of DIC; Affirmed A/Stable and J-1

JCR's Rating Review of Tire Manufacturers

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

JCR Affirmed A+/Negative and J-1 on Yokohama Rubber

JCR Assigned BBB+ to Shelf of Toyo Tire; Affirmed BBB+/Stable, BBB- (Sub.) and J-2

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

JCR Affirmed AA-/Stable on Mitsui Fudosan Logistics Park

JCR Affirmed BBB on Mitsubishi UFJ Trust ABL630

Jul. 04, 2017

JCR Affirmed BBB+ on FIDEA Holdings; Revised Outlook from Positive to Stable
JCR Affirmed BBB+ and BBB (sub.) on Shonai Bank; Revised Outlook from Positive to Stable
JCR Affirmed BBB on Hokuto Bank; Revised Outlook from Positive to Stable

JCR Assigned AA Rating to Bonds of Advance Residence Investment

Public Comment on Revision of "Assessment of Hybrid Securities' Equity Content"

Public Comment on Revision of "Assessment of Hybrid Securities' Equity Content"

Jul. 03, 2017

JCR's Rating Review of Electric Power Companies

JCR Assigned Pre. BBB to Shelf Registration of COSMO ENERGY HOLDINGS COMPANY

JCR Affirmed A-/Stable, A- and J-1 on PENTA-OCEAN CONSTRUCTION

JCR Affirmed AAA/AAA (FC/LC) Ratings on Singapore

Jun. 30, 2017

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JCR Assigned BBB Long-term Issuer Rating to TOYO KANETSU

JCR's Rating Review of Money Market Brokers

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL17-06

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Elect. Rec. Receivable ABL17-06

JCR Withdraws BBB+/Stable Long-term Issuer Rating on CHUBU GAS

JCR Withdraws A+/Stable on Fuji Fire and Marine Insurance

JCR Withdraws A-/A (FC/LC) Ratings on PTT

Jun. 29, 2017

JCR Assigned A- Rating to JPY Bonds of Renault

JCR Assigned AAA Ratings to the bonds issued by African Development Bank

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

JCR Affirmed BBB- Rating on Adaro Energy; Outlook Positive

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL17-06

Jun. 28, 2017

JCR Affirmed AAp/Negative on Japan Earthquake Reinsurance

Highlights of Major Edible Oil Companies' Financial Results for Fiscal Year Ended March 2017

Highlights of Major Trucking Companies' Financial Results for Fiscal Year Ended March 2017

Jun. 27, 2017

JCR Affirmed A/Stable on OSG

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL17-06 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1+ to A Corp. Bills Receivable Senior Ben. Int. 17-06

Highlights of Major Telecom Companies' Financial Results for Fiscal Year Ended March 2017

Jun. 26, 2017

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JCR Downgraded Rating on Takata from #C/Negative to D; Removed CM

JCR Affirmed BBB+ and BBB Ratings on Nagano Bank; Revised Outlook to Negative

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corp. Bills Rec. ABL17-06

[ Asset Securitization Products ] JCR Assigned J-1+ to MSNW Trust Certificate Series 17060

Highlights of General Trading Companies' Financial Results for Fiscal Year Ended March 2017

Jun. 23, 2017

JCR Assigned A Rating to Bonds of HEIWA REAL ESTATE REIT

JCR Affirmed A+/Stable Rating on Daicel

JCR Affirmed J-1+ on CP of Sumitomo Rubber; Increase in CP Max. Amount

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL17-06

Highlights of Major Private Railroad Companies' Financial Results for Fiscal Year Ended March 2017

Jun. 22, 2017

JCR Assigned Preliminary A+ Rating to Shelf Registration of Marubeni

Highlights of Major Industrial Gas Manufacturers' Financial Results for Fiscal Year Ended March 2017

Jun. 21, 2017

JCR Affirmed A+/Stable and A+ Rating on Nishi-Nippon Railroad

JCR Affirmed A/Stable Long-term Issuer Rating on FIRST BANK OF TOYAMA

JCR Affirmed BB+/Stable on YAMADA SERVICER SYNTHETIC OFFICE

JCR Affirmed S3 Special Servicer Rating on YAMADA SERVICER SYNTHETIC OFFICE

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corp. Bills Rec. ABL17-06