News Release

Home
News Release

Mar. 07, 2025: JCR Upgraded SPIRE SA Series 2024-179, 2024-181, 2024-228, 2024-367, 2024-392 and 2025-198 to A+; [ Asset Securitization Products ] JCR Upgraded Notes of Earls Four Limited Series 1081 to A+; JCR Upgraded Earls Four Limited Series 843 and 859 to A; JCR Upgraded Earls Eight Limited Series 845 and 846 to A+; JCR Upgraded Neon Capital Limited Series 781 to A-; [ Asset Securitization Products ] JCR Upgraded Notes of Cypher Limited Series 534 to A+; [ Asset Securitization Products ] JCR Affirmed AAA and A+ on Class A and Class B Beneficial Interests on Jupiter Investment Purpose Condominium Loan Backed Beneficial Interests 2013; [ Asset Securitization Products ] JCR Affirmed AAA and A+ on Class A and Class B Beneficial Interests on Sakura Investment Purpose Condominium Loan Securitization Series 1; Results of Review of Structured Finance Products (Excluding Those to Which Credit Ratings Are Assigned) February 2025; FASHION CLOTH FURUSHIMA, THE SAITAMAKEN SHINKIN BANK: Second Opinion on Positive Impact Finance

Mar. 06, 2025: JCR Assigned A+/Stable FC Long-term Issuer Rating to Total Engine Asset Management; JCR Upgraded Long-term Issuer Rating on SEIBU HD to A/Stable; JCR Affirmed A+ and J-1 on JGC HD; Revised Outlook to Negative; JCR Affirmed A+/Stable Long-term Issuer Rating on SUNDRUG; JCR Affirmed A-/Stable FC Long-term Issuer Rating on Far East Horizon; JCR Affirmed AA/Stable Long-term Issuer Rating on DREAM Private REIT; JCR Assigned A Rating to Bonds of Shibusawa Logistics; JCR Assigned A+ Rating to Bonds of SCSK; JCR Assigned AA Rating to Bonds of TOKYU; JCR Assigned A+ Rating to Subordinated Loan of Tokyo Century; JCR Assigned AA- to Notes of HARP Issuer PLC Series 401; MIRARTH HOLDINGS: Second Party Opinion on Sustainability Linked Loan Framework; OKUTAMA KOGYO, The Hokuriku Bank: Second Opinion on Positive Impact Finance

Mar. 05, 2025: JCR Assigned A-/Stable FC Long-term Issuer Rating to Ayala Corporation; JCR Upgraded FC Long-term Issuer Rating on Deutsche Bank to A+p/Stable; JCR Affirmed AAA/Stable Long-term Issuer Rating on New Development Bank; JCR Assigned BBB Rating to Bonds of GAKKEN HD; APRE, The Hokuriku Bank: Second Opinion on Positive Impact Finance; Kuwabara Motors, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Fresh Logistics, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Mar. 04, 2025: JCR Affirmed BBB+/Stable (FC/LC) on REC; JCR Assigned AA Rating to Bonds of Mitsubishi HC Capital; JCR Affirmed A on CS Mega Solar Green Project Bond Trust 1 Beneficial Interest and Trust ABL; JCR Affirmed A on Canadian Solar Green Project Bond Trust (Yamaguchi) Beneficial Interest and Trust ABL; JCR Affirmed A- on Canadian Solar Dual Tenor Green Project Bond Trust (Ibaraki/Hiroshima) Beneficial Interest and Trust ABL

Mar. 03, 2025: AEON Begins Discussions to Make AEON Mall a Wholly owned Subsidiary—Impact on Ratings of Both Companies is Limited; JCR Assigned AA+/Stable Long-term Issuer Rating to au Jibun Bank; JCR Affirmed AA-p/Stable Long-term Issuer Rating on Oji HD; JCR Affirmed AA/Stable Long-term Issuer Rating on Sompo Warranty; JCR Affirmed A+/Stable Long-term Issuer Rating on Yokogawa Electric; JCR Affirmed BBB+/Stable Long-term Issuer Rating on Monex Group and J-2 Rating on CP of Monex Finance; JCR Affirmed AA/Stable and J-1+ on Monex; [ Asset Securitization Products ] JCR Assigned AAA to Beneficial Interest 202502 (Contract No. 240148)

Feb. 28, 2025: JCR Assigned A/Stable and J-1 to SAN-AI OBBLI; JCR Assigned A+/Stable Long-term Issuer Rating to SUGI HD; JCR Assigned A-/Stable (FC/LC) to Lee & Man Paper Manufacturing; JCR Assigned A-/Stable Long-term Issuer Rating to Nippon Hotel & Residential Investment Corporation; JCR Upgraded Long-term Issuer Rating on Musashino Bank to A+/Stable; JCR Affirmed A Long-term Issuer Rating on Daiwabo HD; Revised Outlook to Positive; JCR Affirmed A+/Stable and J-1 on DAIBIRU; JCR Affirmed A+/Stable and J-1 on ITO EN; JCR Affirmed AA/Stable Long-term Issuer Rating on KDX Realty Investment Corporation; JCR Assigned A Rating to Subordinated Bonds of Hulic; JCR Assigned A- Rating to Bonds of Mazda Motor; JCR Assigned A- Rating to Bonds of TOA; JCR Assigned AA Rating to Bonds of SONY GROUP; JCR Assigned A- Rating to Bonds of IHI; JCR Affirmed A (fp) Fund Portfolio Rating on Real Estate Non-Recourse Loan Jointly Managed Designated Money Trust Program; JCR Assigned AA- to Sumitomo Mitsui Trust Bank (Revolving Facility (Uncommitted)) Athene Trust ABL Program; [ Asset Securitization Products ] JCR Affirmed J-1+ on Internet communication fee receivable securitization ABL program; JCR Affirmed AA on Long-term Issue Rating of Asagao Credit Service LLC; NIPPON STEEL KOWA REAL ESTATE Private REIT: Assigned Green Loan Framework Evaluation: Green 1; Advance Residence Investment Corporation: Reviewed Green Finance Framework Evaluation: Green 1(F); Global One Real Estate Investment Corporation: Reviewed Green Finance Framework Evaluation: Green 1(F); Sony Bank: Reviewed Green Loan Framework Evaluation: Green 1(F); Japan Metropolitan Fund Investment Corporation: Reviewed Green Finance Framework Evaluation: Green 1(F); The Shoko Chukin Bank: Reviewed Sustainability Finance Framework Evaluation: SU 1(F),Blue 1(F); Marubeni Private Real Estate Investment Trust: Reviewed Sustainability Finance Framework Evaluation: SU 1(F); Sumitomo Mitsui Trust Bank: Second Party Opinion on Nature Impact Finance Framework; Mizuho Bank, Mizuho Research & Technologies: Second Party Opinion on Mizuho Natural Capital Impact Finance -Evaluation Framework-; Eiko Denki Kogyo, The Senshu Ikeda Bank: Second Opinion on Positive Impact Finance; FPF, THE SAITAMAKEN SHINKIN BANK: Second Opinion on Positive Impact Finance; Okada Kinzoku, San ju San Bank: Second Opinion on Positive Impact Finance; Nihon Chuo Juhan, San ju San Bank: Second Opinion on Positive Impact Finance; BEST HOUSING, THE SHIMIZU BANK: Second Opinion on Positive Impact Finance; GLINE, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; ADGRAPHY, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; NSK cad, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; SiGMA, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; ginzanso, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Takeuchi Tekko, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Mt. Fuji Springs, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; SHOKI, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Kumamoto Kabou, The Shoko Chukin Bank and The Kumamoto Dai-ichi Shinkin Bank: Second Opinion on Positive Impact Finance; Kazragi Jidosha, The Nanto Bank: Second Opinion on Positive Impact Finance; FT Line, THE NISHI-NIPPON CITY BANK: Second Opinion on Positive Impact Finance; Shienjuryo, Hamamatsu Iwata Shinkin Bank: Second Opinion on Positive Impact Finance; CLASSIC, The Bank of Yokohama: Second Opinion on Positive Impact Finance; Chuo Kankyo Kaihatsu, The Bank of Yokohama: Second Opinion on Positive Impact Finance