News Release

Oct. 04, 2017

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Gifu Shinkin Bank

Oct. 03, 2017

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

JCR Affirmed A- Rating on Ube Industries; Revised Outlook from Stable to Positive

JCR Affirmed BBB+/Stable and BBB+ on ASAHI PRINTING

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

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

JCR Affirmed AA-/Stable and AA- on ORIX

JCR Affirmed J-1 Rating on CP of T&D Lease

JCR Affirmed A+p Ratings on Deutsche Bank with Negative Outlook

Oct. 02, 2017

JCR Assigned Preliminary A- Rating to Shelf Registration of Nisshin OilliO Group

JCR Affirmed Ap/Stable Long-term Issuer Rating on TOYO INK SC HOLDINGS

JCR Affirmed BBB/Negative, Preliminary BBB, BB+ and J-2 on COSMO ENERGY HOLDINGS

JCR Affirmed AA-/Stable and J-1+ on Mitsubishi UFJ NICOS

Sep. 29, 2017

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Necessity to Consider ESG Factors for Credit Ratings

Necessity to Consider ESG Factors for Credit Ratings

Nisshin Steel To Make Early Repayment of Subordinate Loan - No Impact on Its Creditworthiness Despite Failure to Fulfill Replacement Obligation

Tokyo Century's Acquisition of Equity Interest in US-based Aircraft Leasing Company - No Impact on Rating

JCR Downgraded the rating to A on Lotte Shopping; Changed Outlook from Negative to Stable

JCR Assigned A/Stable on Lotte Card

JCR Assigned Preliminary AA- Rating to Shelf Registration of Global One Real Estate Investment Corporation

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

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

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

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL17-09

JCR Withdraws AA- Rating on MTN Program of TOKYU

Sep. 28, 2017

JCR Removed Credit Monitor; Affirmed BBB+ on UKC Holdings

JCR Assigned BBB Rating to Euro Medium Term Note Programme of Monex Finance

JCR Assigned AAA Ratings and Affirmed AAA Ratings for AfDB with Stable Outlook

JCR Affirmed AA-/Stable Rating on Daido Life Insurance Company
JCR Affirmed AA-/Stable Rating on Taiyo Life Insurance Company
JCR Affirmed AA-/Stable Rating on T&D Financial Life Insurance Company

JCR Affirmed BBB/Stable and J-2 on FURUKAWA

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

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL17-09

Sep. 27, 2017

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL17-09

[ Asset Securitization Products ] JCR Assigned J-1+ to Saitama Resona Bank A Corporation Bills Receivable Senior Beneficial Interest 17-09

Sep. 26, 2017

Japan's Prime Minister Abe announced that it would become difficult to achieve fiscal consolidation target by FY2020. Its impact on Japan's fiscal position will be closely examined.

JCR Assigned Preliminary A- Rating to Bonds of NIPPON TOCHI-TATEMONO

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

JCR Affirmed A+/Stable, A+, Preliminary A+ and J-1 on Hulic; Increase in CP Maximum Amount

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

JCR Affirmed BB/Stable Long-term Issuer Rating on Sharp

JCR Affirmed A-/Stable, A-, Preliminary A- and J-1 on Nankai Electric Railway

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL17-09 (D Hospital)

Sep. 25, 2017

JCR Assigned Preliminary BBB+ Rating to Shelf Registrationon of Sanken Electric

JCR Affirmed BBB+/Stable Long-term Issuer Rating on WARABEYA NICHIYO HOLDINGS

JCR Affirmed A-/Stable and BBB+ on Kita-Nippon Bank

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to Hokuriku Bank C Corporation Bills Receivable ABL17-09

Sep. 22, 2017

KURARAY's Acquisition of World's largest activated carbon manufacturer - No Immediate Impact on Rating; JCR will Pay Attention to Future Synergistic Effects

JCR Affirmed AA+/Negative Long-term Issuer Rating on JAPAN POST HOLDINGS

JCR Affirmed J-1 Rating on CP of Yanmar Holdings; Increase in CP Maximum Amount

JCR Affirmed A- Long-term Issuer Rating on SMBC Consumer Finance; Revised Outlook from Stable to Positive

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

JCR Affirmed AA/Stable Long-term Issuer Rating and Ability to Pay Insuarnce Claims on JAPAN POST INSURANCE

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL17-09

Sep. 21, 2017

ABL 17-05-02

JCR Affirmed BB+ and J-3 on Nippon Sheet Glass; Revised Outlook from Negative to Stable

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

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL17-09

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

Sep. 20, 2017

JETS International Five Limited 144

JETS International Five Limited 125

JETS International Two Limited 84

JETS International Two Limited 78

JETS International Two Limited 76

JETS International Two Limited 74

JETS International Two Limited 71

JETS International Two Limited 62

JETS International Two Limited 61

Sylph Limited 50208

Sylph Limited 50174

Sylph Limited 50163

Sylph Limited 50152

Sylph Limited 50175

Sylph Limited 50153

JCR Affirmed BBB+/Stable, BBB+ and J-2 on Daio Paper

JCR Affirmed A/Stable and J-1 on Marubeni-Itochu Steel; Increase in CP Maximum Amount

JCR Affirmed J-2 Rating on CP of TSUBAKIMOTO KOGYO

JCR Affirmed J-1+ Rating on ABCP Program of Nexus Asset Funding

JCR Affirmed J-1+ Rating on ABCP Program of Vector Asset Funding

JCR Affirmed J-1+ Rating on ABCP Program of Godo Kaisha GK 48

JCR Affirmed J-1+ Rating on ABCP Program of Godo Kaisha Alimone

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL17-09

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL17-09 (F Hospital)

Sep. 19, 2017

JCR Assigned Preliminary A+ Rating to Shelf Registration of JGC

JCR Affirmed A/Stable and A on Topre

JCR Affirmed A+/Stable, A+ and Pre. A+ on AIR WATER

JCR Affirmed BBB+ Rating on Shinhan Bank Japan with Stable Outlook

JCR Affirmed AA- Rating on EMTN of Nomura Bank International; Decrease in Maximum Amount of Program
JCR Affirmed AA- Rating on EMTN of Nomura Europe Finance

JCR Affirmed AA/Stable and AA on United Urban Investment

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

Sep. 15, 2017

JCR Assigned A- Rating to Bonds of Ichigo Office REIT Investment Corporation

JCR's Rating Review of Major Banks

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

JCR Affirmed A/Stable and J-1 on Rakuten Card

JCR Affirmed A/Stable and J-1 on Rakuten Bank

JCR Affirmed A/Stable and J-1 on Rakuten Securities