News Release

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

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL17-06

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

Jun. 20, 2017

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

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

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

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

Jun. 19, 2017

JETS International Five Limited 178

JCR Downgraded Rating on Takata from B- to #C/Negative; Placed CM

JCR Affirmed AAA/Negative and Pre. AAA on Central Japan Railway

JCR Affirmed J-2 on CP of KYOKUYO

JCR Affirmed AA+/Stable, AA- (Sub.) and J-1+ on Toa Reinsurance

JCR Affirmed AA-/Stable on TOKYU REIT

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

Jun. 16, 2017

JCR Affirmed AAA/Negative Ratings on Japan

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

JCR Assigned BBB+ Rating to Bonds Program (Sr. bonds) of ICICI Bank

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

Highlights of Supermarket Chain Operators' Financial Results for Fiscal Year Ended February/March 2017

Jun. 15, 2017

JCR Assigned AAA to Bonds of Aichi Prefecture

JCR Assigned Preliminary A+ to Shelf Reg. of JXTG Holdings

JCR Affirmed AA-/Stable, AA- and J-1+ Rating on JCB

Jun. 14, 2017

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Affirmed AA/Stable and AA on ORIX JREIT

JCR Assigned Preliminary A- to Shelf Reg. of HIKARI TSUSHIN

Jun. 13, 2017

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JCR Assigned AA- to Bonds of Sumitomo Rubber Industries

Jun. 12, 2017

Banco Santander Acquires Banco Popular - No Immediate Impact on the Ratings

JCR Affirmed A/Stable and J-1 Rating on Fukuoka Financial Group
JCR Affirmed A+/Stable LT Issuer Rating on BANK OF FUKUOKA
JCR Affirmed A/Stable LT Issuer Rating on Kumamoto Bank
JCR Affirmed A/Stable LT Issuer Rating on SHINWA BANK

Jun. 09, 2017

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

JCR Affirmed A+/Negative on Benesse Holdings

JCR Affirmed A-/Stable on Hanwha Chemical

JCR Affirmed A/Stable LT Issuer Rating on Shinkin Guarantee Fund

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

Jun. 08, 2017

JCR Assigned A+ Rating to Bonds of Keikyu Corporation

JCR Assigned AA Rating to Bonds of Nippon Prologis REIT

JCR Affirmed AA/Stable LT Issuer Rating on Shinkin Central Bank

JCR Affirmed A-/Stable LT Issuer Rating on Hoshino Resorts REIT

Highlights of General Chemical Manufacturers' Financial Results for Fiscal Year Ended March 2017

Highlights of General Heavy Machinery Manufacturers' Financial Results for Fiscal Year Ended March 2017

Jun. 07, 2017

JCR Assigned AA- Rating to Bonds of Asahi Group Holdings

JCR Assigned A+ Rating to Subordinated Bonds of Mizuho Financial Group

JCR Assigned AA- to Bonds of Hitachi Capital

JCR Assigned AA Rating to Bonds of MORI HILLS REIT INVESTMENT CORP.

JCR Affirmed A/Stable on ROHTO PHARMACEUTICAL

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

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

Jun. 06, 2017

JCR Affirmed BBB/Stable on Minami-Nippon Bank

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

JCR Affirmed A on CS Mega Solar Green Project Ben. Int/Trust ABL

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

Jun. 05, 2017

JCR Upgraded Rating on ARIAKE JAPAN from A-/Positive to A/Stable

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