News Release

May. 09, 2017

JCR Assigned Preliminary A+ Rating to Shelf Registration of NSK

May. 08, 2017

JCR Affirmed BBB+ and J-2 Rating on Shinsei Bank; Outlook Positive

JCR Affirmed BBB+ and J-2 Rating on Showa Leasing; Outlook Positive

JCR Affirmed BBB+ Rating on Shinsei Securities; Outlook Positive

JCR Assigned Pre AA- to Shelf Reg. of Mitsubishi UFJ Lease & Finance

May. 02, 2017

JCR Upgraded Rating on KURARAY from AA-/Positive to AA/Stable

JCR Affirmed A-/Stable Long-term Issuer Rating on Nittetsu Mining

JCR Assigned AAA to Bonds of Aichi Prefecture

May. 01, 2017

JCR Affirmed AA-/Stable Long-term Issuer Rating on San-in Godo Bank

JCR Affirmed A+/Stable Long-term Issuer Rating on Bank of Okinawa

JCR Affirmed A/Stable and A- on Bank of The Ryukyus

JCR Affirmed AA+/Stable on Japan Logistics Fund

[ Asset Securitization Products ] JCR Affirmed BBB+ on ABL of Accordia Golf Asset Godo Kaisha

JCR Withdraws #A+/Negative on AIG Fuji Life Insurance

Apr. 28, 2017

Neon Capital Limited 781

Kawasaki Kisen Kaisha's Financial Results for FY2016 - No Immediate Impact on Rating; JCR will Watch Degree of Future Earnings Improvement

JCR Affirmed A- Rating on MITSUI-SOKO HOLDINGS; Outlook Negative

JCR Affirmed A/Stable, A, Pre. A and J-1 on TSUBAKIMOTO CHAIN

JCR Affirmed A-/Stable and J-1 on SAN-AI OIL

JCR Affirmed A/Stable, A and Preliminary A on Nagoya Railroad

JCR Affirmed A+/Stable and J-1+ on Kyoei Fire and Marine Insurance

[ Asset Securitization Products ] JCR Assigned Pre AAA to Class A Beneficial Interest 201705

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL17-04

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Elect. Rec. Receivable ABL17-04

JCR Withdraws AA/Stable on Sony Life Insurance

Apr. 27, 2017

Rating Methodology for Financial Institutions’ Capital and TLAC Instruments

JCR Affirmed BBB+ on Tokyo TYFG & Subs; Revised Outlook to Positive

JCR Assigned A+ Rating to Bonds of Sumitomo Realty & Development

JCR Assigned Pre. A- Rating to Shelf Reg. of Nankai Electric Railway

JCR Affirmed AA-/Stable Long-term Issuer Rating on Kokushikan

JCR Affirmed A- on JRE Mega Solar Project Class A Ben.Int/Trust ABL

JCR Affirmed A on JRE Mega Solar Project Class B Ben.Int./Trust ABL

JCR Affirmed BBB+ on JRE Mega Solar Project Class C Beneficial Int.

JCR Affirmed A on JRE Mega Solar Proj Bond Trust 2 Beneficial Int.

Apr. 26, 2017

ACOM’s Revision of Earnings Forecasts - No Impact on Rating; Recording of Provision all at once will Lead to Reduction of Risk of Fluctuations in Business Performance in the Future

JCR Affirmed AAA Ratings on Finland with Stable Outlook

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corp. Bills Rec. ABL17-04

Apr. 25, 2017

Recognition of JAPAN POST HOLDINGS’ Impairment Loss - Limited Impact on Rating; JCR will Watch Reforms of International Logistics Business

JCR Affirmed AA+p/Stable LT Issuer Rating on Shin-Etsu Chemical

JCR Assigned BBB to Bonds of Nojima

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL17-04 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1+ to MSNW Trust Certificate Series 17040

Apr. 24, 2017

JCR Affirmed A+/Stable on TAKARA STANDARD

JCR Upgraded Rating on TOBU RAILWAY from A-/Positive to A/Stable

Apr. 21, 2017

1203-02

JCR Affirmed A/Stable and J-1 Rating on KAGOME

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

JCR Affirmed BBB+/Stable on OKABE

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corp. Bills Rec. ABL17-04

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL17-04

Apr. 20, 2017

JCR Assigned AA- to Bonds of Kyushu Electric Power

JCR's Rating Viewpoints on City Gas Companies

JCR Assigned AAAp/Negative Long-term Issuer Rating to TOKYO GAS

JCR Affirmed AA+p/Stable on OSAKA GAS

JCR Affirmed AA+p/Stable on TOHO GAS

JCR Affirmed A/Stable and J-1 on HOKKAIDO GAS

JCR Affirmed A/Stable and J-1 on HIROSHIMA GAS

JCR Affirmed AA-/Stable and J-1+ on SAIBU GAS

JCR Affirmed A/Stable on Oberlin University and Affiliated Schools

JCR Affirmed AA-/Stable and J-1+ on Sumitomo Mitsui Card

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL17-04 (F Hospital)

Apr. 19, 2017

JCR Upgraded Rating on NIPPON REIT from A-/Positive to A/Stable

JCR Assigned A- Rating on OKAMURA

JCR Assigned A Rating to Bonds of TAKARA HOLDINGS

JCR Assigned AA- Rating to Sub.Bonds of Sompo Japan Nipponkoa

JCR Assigned AAA to Bonds of East Nippon Expressway

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned AA- Rating to Bonds of Japan Excellent

JCR Affirmed A/Stable and A- (sub. bonds) Ratings on Miyazaki Bank

JCR Affirmed A-/Stable and J-1 on Idemitsu Credit

Apr. 18, 2017

Turkey's proposed constitutional amendment is likely to be passed. Limited impact on ratings; Attention to be paid on a set of policies of the government for economic challenges

JCR Affirmed BBB/Stable LT Issuer Rating on Soken Chemical & Eng.

JCR Affirmed A/Stable on Hiroshimashi Credit Cooperative

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 17040

Apr. 17, 2017

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

Apr. 14, 2017

JCR Assigned A- Rating to Bonds of Takasago Thermal Eng.

JCR Assigned A- Rating to Bonds of Tokyo Tatemono

JCR Assigned A Rating to Bonds of DIC

JCR Assigned AA- to Bonds of Tohoku Electric Power Company

JCR Assigned AA- Rating to Sub. Bonds of Gunma Bank

JCR Assigned AAA to Bonds of Aichi Prefecture

JCR Affirmed A-/Stable on Ryoden Corporation

JCR Assigned A+ Rating to Bonds of Invesco Office J-REIT

JCR Affirmed BBB+ on Sumitomo Mitsui Trust ABL11339

JCR Affirmed BBB+ on Sumitomo Mitsui Trust ABL11340

JCR Affirmed BBB- on Sumitomo Mitsui Trust ABL11341

Apr. 13, 2017

JCR Affirmed BBB+/Stable and BBB+ on ARATA

JCR Affirmed A-/Stable and BBB+ (Subordinated Bonds) on SAIKYO BANK

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

JCR Affirmed AA/Stable Ratings on SECOM General Insurance

Apr. 12, 2017

JCR Downgraded IBJ Leasing/IBJL-TOSHIBA from #A- to #BBB+/Negative; Maintains CM

JCR Assigned AA- Rating to Bonds of Kansai Electric Power

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

JCR Assigned AA- Rating to Bonds of Hitachi Capital

JCR Assigned AAA to Bonds of Aichi Prefecture

JCR Assigned Preliminary A Rating to Shelf Registration of DIC

JCR Affirmed BBB+/Stable on OKASAN SECURITIES GRP. & OKASAN SEC.

JCR Affirmed BBB+/Stable and J-2 on Tokai Tokyo Financial Holdings
JCR Affirmed BBB+/Stable on Tokai Tokyo Securities

Apr. 11, 2017

JCR Assigned A-/Stable Long-term Issuer Rating to Starts Proceed Inv. Corp.

JCR Assigned AA Rating to Bonds of Chugoku Electric Power