News Release

Apr. 11, 2018

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

JCR Affirmed AA+/Stable Long-term Issuer Rating on SECOM

JCR Assigned AAA Ratings to Bonds of African Development Bank

Apr. 10, 2018

JCR Assigned A Rating to Bonds of DIC

JCR Assigned A+ Rating to Bonds of SUMITOMO CHEMICAL

JCR Assigned Preliminary A- Rating to Shelf Registration of Ube Industries

Apr. 09, 2018

JCR Affirmed A Rating on Rakuten; Revised Outlook from Stable to Negative

JCR Affirmed A Rating on Rakuten's four subsidiaries; Revised Outlook to Negative

Monex Group Announced Acquisition of Coincheck to Make It A Wholly Owned Subsidiary - JCR Will Watch Future Developments

JCR Assigned A+/Positive Long-term Issuer Rating to MCUBS MidCity Investment Corporation

JCR's Rating Review of Air Transportation Companies

JCR Assigned Preliminary A Rating to Shelf Registration of ANA HOLDINGS

JCR Assigned Preliminary A Rating to Shelf Registration of Nagoya Railroad;Affirmed A; Revised Outlook from Stable to Positive

JCR Affirmed A/Stable and A on KONAMI HOLDINGS

JCR Affirmed AA-/Stable Long-term Issuer Rating on Maruichi Steel Tube

JCR Affirmed A-/Stable, A- and J-1 on MITSUBISHI MATERIALS

JCR Affirmed A/Stable Long-term Issuer Rating on Hiroshimashi Credit Cooperative

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

JCR Affirmed A/Stable Long-term Issuer Rating on NIPPON REIT Investment Corporation

Apr. 06, 2018

JCR Assigned A+ Rating to Bonds of Tokyo Century Corporation

JCR Assigned A+ Rating to Bonds of Nishi-Nippon Railroad; Affirmed A+/Stable and A+

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

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

JCR Affirmed BBB/Stable and BBB on Sodick

JCR Affirmed J-1+ Rating on CP of Mitsui Fudosan; Increase in CP Maximum Amount

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

JCR Affirmed A/Stable on America Movil

Apr. 05, 2018

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned Preliminary A- Rating to Shelf Registration of Mazda Motor

Apr. 04, 2018

JCR Affirmed A+/Stable, A+ and J-1 on Sumitomo Mitsui Trust Panasonic Finance

JCR Affirmed AA-/Stable on Central American Bank for Economic Integration

JCR Affirmed A-/A (FC/LC) ratings on Thailand with Stable outlook

JCR Affirmed AA-/Stable and AA- on Comforia Residential REIT

Apr. 03, 2018

JCR Assigned Preliminary A Rating to Shelf Registration of DAIKYO

JCR Assigned Preliminary AAA Rating to Shelf Registration of NTT DOCOMO

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

JCR Affirmed A+/Stable, A+, and Preliminary A+ on Daicel

JCR Affirmed AA/Stable and AA on GLP J-REIT

[ Asset Securitization Products ] JCR Affirmed AAA Rating on Senior Beneficial Interest and Class A Beneficial Interest

Apr. 02, 2018

JCR Assigned A-/Stable Long-term Issuer Rating to San ju San Financial Group
JCR Removed Credit Monitor; Downgraded Rating on Mie Bank from #A/Negative to A-
JCR Removed Credit Monitor; Upgraded Rating on Daisan Bank from #BBB+/Positive to A-

JCR Assigned Preliminary A Rating to Shelf Registration of SCSK

JCR Affirmed A/Stable, A, and J-1 on Tokyo Electric Power Company Holdings
JCR Affirmed A/Stable, A, and Preliminary A on TEPCO Power Grid

JCR Affirmed BBB/Stable, BBB, Preliminary BBB and J-2 on Mitsui E&S Holdings

JCR Withdraws AAA/Negative and AAA on Aichi Prefecture

Mar. 30, 2018

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JCR Assigned BBB+/Stable Long-term Issuer Rating to Mitsubishi Steel Mfg.

JCR Removed Credit Monitor; Affirmed A and A- (Sub.) on MINATO BANK
JCR Removed Credit Monitor; Upgraded Rating on Kansai Urban Banking from #A-/Positive to A and Affirmed J-1

JCR Assigned BBB+ Rating to Subordinated Loan of Nomura Real Estate Holdings

JCR Assigned Preliminary A Rating to Shelf Registration of Denka

JCR Affirmed A/Stable and A on Yahoo Japan

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Kokugakuin University

JCR Assigned BBB/BBB+(FC/LC) Unsolicited Ratings to Romania with Stable Outlook and Withdrew BBB/BBB+(FC/LC) Solicited Ratings

JCR Affirmed AA- Rating on Sekisui House Reit ; Revised Outlook from Stable to Positive
JCR Affirmed AA- Rating on Sekisui House Residential Investment Corporation; Revised Outlook from Stable to Positive

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL18-03

JCR Withdraws AA/Stable Long-term Issuer Rating on Showa University

JCR Withdraws BBB+/Stable Long-term Issuer Rating on OHSHO FOOD SERVICE

Mar. 29, 2018

Mitsui Mining and Smelting’s Downward Revision of Earnings Forecasts – Limited Impact on Rating

JCR Affirmed BBB+ Rating on SATO HOLDINGS; Revised Outlook from Positive to Stable

JCR Affirmed A/Stable Long-term Issuer Rating on Aica Kogyo

JCR Affirmed AAA/Negative Long-term Issuer Rating on Kyushu University

JCR Affirmed BBB+ (FC/LC) Ratings on Export-Import Bank of India with Stable Outlook

JCR Affirmed A/A+ (FC/LC) Ratings with Stable Outlook and A bonds Ratings on Poland

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL18-03

Mar. 28, 2018

Earls Eight Limited 773

JCR Removed Credit Monitor; Downgraded Rating on CP of MMC Diamond Finance from #J-1/Negative to J-2

JCR Assigned Preliminary A- Rating to Shelf Registration of POCKET CARD

JCR Affirmed AA/Stable, AA- and Pre.AA on Concordia Financial Group
JCR Affirmed AA/Stable Long-term Issuer Rating on Bank of Yokohama
JCR Affirmed AA-/Stable Long-term Issuer Rating on Higashi-Nippon Bank

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

JCR Affirmed AAA rating on ADB with Stable outlook

JCR Affirmed AA-/Stable and AA- on Hankyu REIT

JCR Affirmed AA-/Stable and AA- on LaSalle LOGIPORT REIT

[ Asset Securitization Products ] JCR Assigned J-1+ to Saitama Resona Bank A Corporation Bills Receivable Senior Beneficial Interest 18-03

Mar. 27, 2018

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

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL18-03 (D Hospital)

JCR Assigned A-/Stable Long-term Issuer Rating to Samty Residential Investment Corporation

Mar. 26, 2018

JCR Assigned Preliminary A- Rating to Shelf Registration of JACCS

JCR Affirmed BBB+/Stable and J-2 on MARUDAI FOOD

JCR Affirmed AA/Stable Long-term Issuer Rating on NITTO DENKO

JCR Affirmed BB/Stable Foreign Currency Long-term Issuer Rating on Avation PLC

JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL18-03

Mar. 23, 2018

JCR Affirmed BBB+ Rating on NIPPON CHEMI-CON; Revised Outlook from Stable to Negative

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

JCR Affirmed AA/Stable Long-term Issuer Rating on 77 Bank

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to Hokuriku Bank C Corporation Bills Receivable ABL18-03

Mar. 22, 2018

Violet Protected Asset SPC S01

JCR Affirmed AA+/Stable and AA+ on NARITA INTERNATIONAL AIRPORT

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL18-03

Mar. 20, 2018

Highlights of Major Ink Manufacturers' Financial Results for FY2017

JCR Assigned BBB+ Rating to Subordinated Loan of TOYOBO

JCR Affirmed A- and Preliminary A- on NICHIAS; Revised Outlook from Stable to Positive

JCR Affirmed A- Rating on Renault; Revised Outlook to Positive

JCR Affirmed A-/Stable and A- on SENKO Group Holdings

JCR Affirmed AA/Stable and AA on Frontier Real Estate Investment Corporation

JCR Affirmed A+/Stable and A+ on Japan Rental Housing Investments

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL18-03

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL18-03

JCR Withdraws AAA/Negative and J-1+ on Okinawa Electric Power

Mar. 19, 2018

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