News Release

Dec. 01, 2017

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL17-12

Nov. 30, 2017

JCR Assigned AA- Rating to Bonds of Hitachi Capital

JCR Assigned A Rating to Bonds of Fuyo General Lease

JCR Affirmed J-2 Rating on CP of DAIHO

JCR Affirmed A-/Stable Long-term Issuer Rating on EDION

JCR Affirmed A/Stable Long-term Issuer Rating on K'S HOLDINGS

JCR Affirmed A+/Stable Long-term Issuer Rating on YAMADA DENKI

JCR Affirmed AA-/Stable, AA-, Preliminary AA- and J-1+ on Sumitomo Mitsui Finance and Leasing

JCR Affirmed A+/Stable and J-1 on MG Leasing

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL17-11

Nov. 29, 2017

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

JCR Assigned A- to Bonds of Idemitsu Kosan

JCR Assigned A+ Rating to Bonds of Keikyu

JCR Assigned A- Rating to Bonds of SEIBU HOLDINGS

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL17-11

Nov. 28, 2017

SB17-12

JCR Assigned A- Rating to Bonds of Nisshin OilliO Group

JCR Assigned A Rating to Bonds of Nagoya Railroad

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

JCR Affirmed A+/Stable and J-1 on NIPPON STEEL & SUMIKIN TEXENG

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

Nov. 27, 2017

Misconduct Concerning a Part of Products of MITSUBISHI MATERIALS' Subsidiaries – JCR will Closely Watch Future Progress and Results of Investigation

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

JCR Affirmed AAA/Negative and AAA on Tokyo Metro

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL17-11 (D Hospital)

Nov. 24, 2017

JCR Assigned Preliminary A- Rating to Shelf Registration of Tokyu Fudosan Holdings

JCR Assigned Preliminary A Rating to Shelf Registration of Kawasaki Heavy Industries

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

Nov. 22, 2017

JCR Assigned Green 1 to Long-term Loan Borrowed by Canadian Solar Infrastructure Fund

JCR Assigned A-/Stable Long-term Issuer Rating and J-1 to AEON Product Finance

JCR Assigned AA- Rating to Bonds of Odakyu Electric Railway

JCR Assigned AA Rating to Bonds of Keio

JCR Affirmed A/Stable, A, and J-1 on Nippon Flour Mills

JCR Affirmed AA/Stable Long-term Issuer Rating on NISSHIN SEIFUN GROUP

JCR Affirmed A-/Stable, A-, and J-1 on Showa Sangyo

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

JCR Affirmed BBB+/Stable and J-2 on Joshin Denki

JCR Affirmed BB+/Stable Long-term Issuer Rating on IKAI

Nov. 21, 2017

JCR Assigned BBB+ Rating to Bonds of UNIZO Holdings

JCR Assigned A- Rating to Bonds of Central Glass

JCR Assigned A- Rating to Bonds of Mitsui Mining and Smelting

JCR Affirmed A/Stable and J-1 on TOC

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL17-11

Nov. 20, 2017

JCR Affirmed BBB+ Rating on Nippon Light Metal Holdings ; Revised Outlook from Stable to Positive

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

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

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL17-11

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL17-11 (F Hospital)

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

Nov. 17, 2017

JCR Assigned AA- Rating to Bonds of Tohoku Electric Power

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

Nov. 16, 2017

JCR Assigned A+ Rating to Bonds of Marubeni

JCR Assigned A- Rating to Bonds of Nankai Electric Railway

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Affirmed BBB Rating on YAHAGI CONSTRUCTION; Revised Outlook from Stable to Positive

JCR Affirmed A/Stable and J-1 on Nabtesco

JCR Affirmed A-/Negative and A- on MITSUI-SOKO HOLDINGS

Nov. 15, 2017

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Assigned Preliminary A Rating to Senior Non Preferred Bonds of Banco Santander

JCR Affirmed A/Stable and A on DAIICHIKOSHO

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

Nov. 14, 2017

JCR Assigned Preliminary BBB- to Giga Solar Green Project Bond Trust (Fukushima) Beneficial Interest and Trust ABL

JCR Affirmed A+/Stable, A+ and J-1 on Sanwa Holdings

JCR Affirmed A-/Stable Long-term Issuer Rating on RISO KAGAKU

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

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

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

JCR Affirmed A-/Stable Long-term Issuer Rating on Takeda Healthcare Foundation

JCR Affirmed AAA/AAA (FC/LC) Ratings on Denmark with Stable Outlook

Nov. 13, 2017

JCR Affirmed A+/Stable, A+, Preliminary A+ and J-1 on SUMITOMO CHEMICAL

JCR Affirmed A+/Stable, A+ and J-1 on FamilyMart UNY Holdings

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

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

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

Nov. 10, 2017

Kenedix Residential Investment Corporation's Merger - Limited Impact on Rating

JCR Assigned AA Rating to Bonds of Nomura Real Estate Master Fund

JCR Upgraded Rating on TIS from A-/Positive to A/Stable
JCR Upgraded Rating on INTEC from A-/Positive to A/Stable

JCR Affirmed A/Stable and J-1 on GUNZE

JCR Affirmed A/Stable, A, Preliminary A and J-1 on Fuyo General Lease

JCR Affirmed AAA (FC/LC) Ratings on Australia with Stable Outlook

JCR Affirmed A+ Ratings on Slovenia; Changed Outlook to Positive from Stable

JCR Affirmed BBB- (FC/LC) Ratings on Republic of Turkey with Stable Outlook

Nov. 09, 2017

JCR Assigned AA+ Rating to Bonds of Electric Power Development

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

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Nov. 06, 2017

Reorganization of Joint Leasing Business by SMFG and SUMITOMO CORPORATION - No Impact on Rating for Sumitomo Mitsui Finance and Leasing

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

JCR Affirmed A-/Stable, A- and J-1 on HIKARI TSUSHIN

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

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

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

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

Nov. 02, 2017

Neon Capital Limited　646,707,714

JCR Assigned BBB Rating to Subordinated Loan of SoftBank Group

JCR Removed Credit Monitor; Affirmed BBB+ on IDEC

JCR Affirmed A-/Stable and J-1 on Nippon Steel Kowa Real Estate

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned A+ Rating to Bonds of Japan Hotel REIT Investment Corporation

Nov. 01, 2017

JETS International Five Limited 176

Oct. 31, 2017

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