News Release

Jan. 31, 2017

JCR Withdraws A/Stable Long-term Issuer Rating on H2O RETAILING

JCR Withdraws BBB+/Stable Long-term Issuer Rating on Kita Osaka Shinkin

Jan. 30, 2017

Nippon Light Metal Holdings Will Redeem Hybrid Finance Early before Maturity - No Impact on its Ratings

JCR Upgraded Rating on Kenedix Office Investment to AA-/Stable

JCR Affirmed A+/Stable and A+ on Bank of Nagoya

JCR Affirmed B- on AIFUL; Revised Outlook from Stable to Positive

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

JCR Affirmed AA+/Stable LT Issuer Rating on Seven & i Holdings
JCR Affirmed AA+/Stable LT Issuer Rating on Seven-Eleven Japan

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

JCR Affirmed AA+p/Stable on Mitsubishi Estate

JCR Affirmed A+/Stable and J-1 on Sumitomo Realty & Development

JCR Affirmed A-/Stable and J-1 on Tokyu Fudosan Holdings

JCR Affirmed A/Stable and J-1 on Nomura Real Estate Holdings

JCR Affirmed A-/Stable, A- and J-1 on SAPPORO HOLDINGS

JCR Affirmed BBB+ (FC/LC) ratings on IRFC

JCR Affirmed Preliminary BBB on Mitsubishi UFJ Trust ABL900282

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL17-01

Jan. 27, 2017

JCR Removed CM; Upgraded MITSUMI ELECTRIC from #A-/Positive to A

JCR Assigned Preliminary A+ to Bonds of YOKOHAMA MINATOMIRAI RAILWAY

JCR Assigned A to Bonds of Fuyo General Lease

JCR Assigned AA+ to Bonds of Japan Student Services Organization

JCR Assigned AA to Bonds of Activia Properties

JCR Assigned Pre. A Rating to Shelf Registration of MORI BUILDING

JCR Affirmed AAp/Stable and J-1+ on Nippon Life Insurance Company

JCR Affirmed A+/Stable on The Dai-ichi Life Insurance

JCR Affirmed A+/Positive and J-1+ on Meiji Yasuda Life Insurance

JCR Affirmed A+/Stable on SUMITOMO LIFE INSURANCE

JCR Affirmed BBB/Stable Long-term Issuer Rating on BANK OF KOCHI

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

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corp. Bills Rec. ABL17-01

Jan. 26, 2017

JCR Affirmed A/Stable, A, Pre. A and J-1 on Sumitomo Osaka Cement

JCR Affirmed A-/Stable and J-1 on JAPAN PULP AND PAPER

JCR Affirmed AAA/AAA (FC/LC) Ratings on France with Stable outlook

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL17-01 (D Hospital)

Jan. 25, 2017

[ Asset Securitization Products ] JCR Assigned J-1+ to MSNW Trust Certificate Series 17010

Jan. 24, 2017

JCR Assigned BBB+/Stable LT Issuer Rating to Sanyo Electric Railway

JCR Affirmed A-, BBB and J-1 on TOYOBO; Revised Outlook to Positive

JCR Assigned AA- Rating to Bonds of MORI HILLS REIT

JCR Affirmed AAA/Negative on NIPPON TELEGRAPH AND TELEPHONE

JCR Affirmed AAA/Negative on NTT DOCOMO

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Harima-Kyowa

JCR Affirmed A-/Stable and BBB+ on Ehime Bank

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corp. Bills Rec. ABL17-01

Jan. 23, 2017

JCR Assigned Pre. A- Rating to Shelf Reg. of Nishimatsu Construction

JCR Affirmed A-/Stable on DyDo GROUP HOLDINGS

JCR Affirmed A/Stable on Wakkanai Shinkin Bank

JCR Affirmed A+/Stable, A+, Preliminary A+ and J-1 on Tokyo Century
JCR Affirmed A+/Stable and J-1 on NIPPON CAR SOLUTIONS
JCR Affirmed A+/Stable and J-1 on FUJITSU LEASING

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL17-01

Jan. 20, 2017

JCR Assigned A- Rating to Bonds of HIKARI TSUSHIN

JCR Assigned A Rating to Bonds of JA Mitsui Leasing

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

JCR Assigned AA Ratings to EDF's JPY Bonds

JCR Affirmed A Ratings on Busan Bank

JCR Affirmed AA-/Stable on Sekisui House Reit

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL17-01

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL17-01 (F Hospital)

Jan. 19, 2017

JCR Placed IBJ Leasing/IBJL-TOSHIBA under CM #A-/Negative and #J-1/Negative

JCR Assigned AAA Rating to Bonds of Tokyo Metro

JCR Affirmed A+/Stable on Sumitomo Riko

JCR Affirmed A-/Stable on Sotetsu Holdings

JCR Affirmed BBB/Stable Long-term Issuer Rating on Toyoko Inn

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

Jan. 18, 2017

Cypher Limited 290

Sylph Limited 1839

JCR Assigned AA- to Bonds of Kyushu Electric Power

JCR Assigned A- to SMFG's Tier 1 Bonds with loss absorption clause

JCR Assigned AAA to Bonds of East Nippon Expressway

JCR Affirmed A-/Stable and J-1 on Mitsui Sugar

JCR Affirmed BBB+/Stable and BBB+ Rating on TONAMI HOLDINGS

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 17010

Jan. 17, 2017

JCR Upgraded Rating on SQUARE ENIX HOLDINGS to A/Stable

JCR Assigned A+ Rating to Sub. Bonds of MS&AD Insurance Group HD

JCR Affirmed AA-/Stable, AA-, Preliminary AA- and J-1+ on TOKYU

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

JCR Affirmed A+/Stable, A+ and J-1 Rating on Don Quijote HD

JCR Affirmed AA+/Stable, AA+, Preliminary AA+ and J-1+ on NTT DATA

JCR Affirmed BBB+/Stable on Yasuda Logistics

JCR Affirmed BBB+/Stable on Chuo Warehouse

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

JCR Affirmed BBB+ on ABL of Sumitomo Mitsui Trust ABL11150

JCR Affirmed BBB- on ABL of Sumitomo Mitsui Trust ABL11151

Jan. 16, 2017

Takata Reaches Agreement with US DOJ – Ratings Unchanged, Keeping an Eye on Restructuring Efforts

JCR Assigned A/Stable Long-term Issuer Rating to JAPAN WOOL TEXTILE

JCR Assigned AA Preliminary Rating to EDF's JPY Bonds

JCR Affirmed A+/Stable and J-1 on ITO EN

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

JCR Affirmed A+/Stable and J-1 on kabu.com Securities

JCR Affirmed BBB/Stable LT Issuer Rating on Monex Group, Monex

JCR Affirmed BBB-/Stable on Howa Bank

JCR Affirmed AA+/Negative and AA+ on JASSO

Jan. 13, 2017

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned AAA to Bonds of Aichi Prefecture

JCR Affirmed A+/Stable on Fukuoka Kogyo Daigaku

JCR Assigned Preliminary A to Shelf Registration of DAIBIRU

JCR Affirmed AA-/Stable and AA- Rating on Sumitomo Warehouse

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

JCR Affirmed AA+/Stable and J-1+ on Master Trust Bank of Japan

JCR Affirmed AA+/Stable and J-1+ on Japan Trustee Services Bank