News Release

Nov. 22, 2023

JCR Assigned A-/Stable (FC) and A/Stable (LC) to Oriental Republic of Uruguay

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

JCR Affirmed A-/Positive and J-1 on IHI

JCR Affirmed A/Stable Long-term Issuer Rating on Kawasaki Heavy Industries

JCR Affirmed A/Stable Long-term Issuer Rating on SHIP HEALTHCARE HD

JCR Affirmed AAA/Stable Long-term Issuer Rating on National University Corporation, the University of Tokyo

JCR Assigned A+ Rating to Bonds of Nishi-Nippon Railroad

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

JCR Assigned A- Rating to Bonds of MITSUBISHI MATERIALS

JCR Assigned AAA Rating to Bonds of NTT FINANCE

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to obbligato 202312 Senior Beneficial Interest and ABL

JCR Assigned AA to Libra A Limited Series C058

Nov. 21, 2023

GS Yuasa Conducts Capital Increase through Public Offering and Third-Party Allotment—No Immediate Impact on Rating

JCR Removed Credit Monitor; Downgraded Rating on Toho Zinc to BB+; Placed Stable Outlook

JCR Affirmed A-/Stable Long-term Issuer Rating on GIFU SHINKIN BANK

JCR Affirmed AA/Stable Long-term Issuer Rating on Mitsui Fudosan Private REIT

JCR Assigned A+ Rating to Bonds of Daiwa Securities Group

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 23-11

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 23-11

Nov. 20, 2023

JCR Assigned BBB+/Stable FC Long-term Issuer Rating to Acciona

JCR Upgraded Rating on NIPPON STEEL TEXENG. to AA-/Stable and J-1+

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

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

JCR Affirmed A-/Stable Long-term Issuer Rating on TAKAMATSU CONSTRUCTION GROUP

JCR Affirmed A-/Stable LT Issuer Rating on Nippon Light Metal HD

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Hachijuni Bank to Nagano Tectron

Nov. 17, 2023

JCR Affirmed AA-/Stable Long-term Issuer Rating on LY; Assigned J-1+ to CP

JCR Affirmed A Long-term Issuer Rating on OKAYA; Revised Outlook to Positive

JCR Assigned AA Rating to Bonds of Kansai Electric Power

JCR Affirmed A/Stable Long-term Issuer Rating on Nishimatsu Construction

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

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

JCR Assigned A Rating to Bonds of UBE

JCR Assigned AA Rating to Bonds of Suntory HD

JCR Assigned A+ Rating to Bonds of NICHIREI

JCR Assigned Green 1 to Joint Local Government Green Bond 1st of Joint Green Bond issuers (Local Government)

Nov. 16, 2023

JCR Upgraded Long-term Issuer Rating on IKAI to BBB-/Stable

JCR Assigned BBB+ Rating to Bonds of GREE

JCR Assigned AA- Rating to Bonds of POCKET CARD

JCR Assigned A Rating to Bonds of Poland

JCR Assigned BBB+ to Notes of REDI Core Issuer LLC

Nov. 15, 2023

JCR Upgraded Long-term Issuer Rating on OSAKA STEEL to A+/Stable

JCR Upgraded Rating on KROSAKI HARIMA to A/Stable; Affirmed J-1

JCR Upgraded Long-term Issuer Rating on NIPPON STEEL TRADING to AA/Stable; Affirmed J-1+ on CP

JCR Upgraded Long-term Issuer Rating on NIPPON STEEL ENGINEERING to AA-/Stable

JCR Affirmed A- Long-term Issuer Rating on ANA HD; Revised Outlook to Positive

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

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Withdraws A- Long-term Issuer Rating on CHUBUSHIRYO

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Shodoshima Healthyland

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to TOM'S

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Joyo Bank to SHIMA COMPANY

Nov. 14, 2023

JCR Affirmed A+/Stable and J-1 on NICHIREI

JCR Affirmed A+/Stable and J-1 on Nabtesco

JCR Assigned AA Rating to Bonds of MORI HILLS REIT INVESTMENT CORPORATION

Nov. 13, 2023

MIRAIT ONE Makes Kokusai Kogyo a Subsidiary—Limited Impact on Rating

eREX Revises FY2023 Earnings Forecast—No Immediate Impact on Ratings, but Downward Pressure Increases

JCR Placed Rating on Benesse HD under Credit Monitor #A+/Negative

JCR Affirmed A+ and J-1 on Sanwa HD; Revised Outlook to Positive

JCR Affirmed A/Stable Long-term Issuer Rating on Ezaki Glico

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

JCR Affirmed A+/Stable Long-term Issuer Rating on TIS and INTEC

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

JCR Affirmed BBB+/Stable FC Long-term Issuer Rating on Leonteq Securities

Nov. 10, 2023

FUJI SOFT Makes Listed Consolidated Subsidiaries Wholly-Owned Subsidiaries—JCR Judged Limited Impact on Rating

JCR Placed Rating on Toho Zinc under Credit Monitor #BBB-/Negative and #J-2/Negative

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

JCR Affirmed BBB+/Stable Long-term Issuer Rating on HARIMA CHEMICALS GROUP

JCR Affirmed BBB+/Stable (FC/LC) on Indian Railway Finance Corporation

JCR Assigned Green 1(F) and Blue 1(F) to Green/Blue Bond Framework of Kumamoto City

JCR Provided a Third Party Opinion on Sustainability Linked Finance Framework of TOYOBO

Nov. 09, 2023

JCR Assigned BBB+/Stable Long-term Issuer Rating to IDOM

JCR Assigned J-2 Rating to CP of TOKYO ELECTRON DEVICE

JCR Affirmed AA/Stable Long-term Issuer Ratings on Iyogin HD and Iyo Bank

JCR Affirmed A/Stable Long-term Issuer Rating on Aichi Financial Group, Aichi Bank and Chukyo Bank

JCR Assigned SU 1(F) and Green 1(T)(F) to Sustainability Bond Framework of IWATANI

Nov. 08, 2023

JCR Placed Rating on CP of CMIC HD under Credit Monitor #J-2/Negative

JCR Upgraded Sylph Limited Series 50153 and 50175 to AA-

JCR Upgraded Sylph Limited Series 50152, 50163, 50174 and 50208 to AA-

JCR Assigned Green 1(F) to Green Finance Framework of DAIBIRU

Nov. 07, 2023

JCR Assigned Green 1(T)(F) to Climate Transition Bond Framework of Japan

JCR Affirmed A+ on Notes of Man GPM US Residential Debt Fund

JCR Reviewed Bonds no. 5 Issued by Penta-Ocean Construction

Nov. 06, 2023

JCR's Rating Review of Megabank Groups

JCR Upgraded Long-term Issuer Rating on Mitsubishi UFJ Financial Group to AA/Stable; Affirmed AA/Stable Long-term Issuer Rating on MUFG Bank; Affirmed AA/Stable and J-1+ on Mitsubishi UFJ Trust and Banking; Affirmed AA Rating on MUFG Securities EMEA

JCR Upgraded Long-term Issuer Rating on Mizuho Financial Group to AA/Stable; Affirmed AA/Stable Long-term Issuer Rating on Mizuho Bank and Mizuho Trust & Banking

JCR Upgraded SMFG to AA/Stable; Affirmed AA/Stable on SMBC

JCR Affirmed AA/Stable Long-term Issuer Rating on Mitsubishi UFJ Securities HD and Mitsubishi UFJ Morgan Stanley Securities

JCR Affirmed AA/Stable and J-1+ on Mizuho Securities

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

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

JCR Affirmed A+ and J-1 on ACOM; Revised Outlook to Positive

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

JCR Affirmed A+/Stable and J-1 on JACCS

JCR Affirmed A+/Stable and J-1 on Orient Corporation; Affirmed J-1 on Orico Auto Leasing

[ Asset Securitization Products ] JCR Removed Credit Monitor; Upgraded Rating on REIT2021-001 Class B Beneficial Interest/ABL to AA; Affirmed AAA on Class A Beneficial Interest

[ Asset Securitization Products ] JCR Affirmed AAA on ABL 22-09

Nov. 02, 2023

SUMITOMO CHEMICAL Revises Its Financial Forecast for FY2023—No Immediate Impact on Rating

JCR Affirmed AAA/Stable Long-term Issuer Rating on National University Corporation Tohoku University