News Release

Oct. 16, 2023

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

JCR Affirmed A+/Stable Long-term Issuer Rating on Ichigo Office REIT Investment Corporation

JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (P Hospital)

Oct. 13, 2023

JCR Upgraded Long-term Issuer Rating on Sanyo Special Steel to A+/Stable; Affirmed J-1 on CP

JCR Upgraded Long-term Issuer Rating on HANWA to A/Stable; Affirmed J-1 on CP

JCR Assigned A Rating to Preferred Shares of SoftBank

JCR Assigned AA Rating to Bonds of TOYOTA BOSHOKU

JCR Assigned A+ Rating to Bonds of Nomura Real Estate HD

JCR Assigned AA Rating to Bonds of Sumitomo Mitsui Trust Panasonic Finance

JCR Assigned A+ Rating to Bonds (Tier 2 with loss absorption clause) of Sumitomo Mitsui Financial Group

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of HEIWA REAL ESTATE

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

JCR Assigned Green 1 to Bonds of Awagin Lease

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Heartful Care

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to TSURUTA ELECTRIC

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to KANZAKI PACKAGE INDUSTRIAL

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE HOKURIKU BANK to Fushiki Kairiku Unso

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Juhachi-Shinwa Bank to TANIGAWAKENSETSU

JCR Provided a Third Party Opinion to the Positive Impact Framework of The Juhachi-Shinwa Bank

Oct. 12, 2023

JCR Upgraded Long-term Issuer Rating on Marubeni Private Real Estate Investment Trust to AA/Stable

JCR Affirmed AAA/Stable Long-term Issuer Rating on African Development Bank; Assigned AAA to Bonds

JCR Assigned A Rating to Bonds of PENTA-OCEAN CONSTRUCTION

JCR Assigned AAA Rating to Bonds of Metropolitan Expressway

JCR Affirmed J-1+ Rating on ABCP Program of Nexus Asset Funding

JCR Affirmed J-1+ Rating on ABCP Program of Vector Asset Funding

[ Asset Securitization Products ] JCR Affirmed A+ on Oxygen Capital Limited Series 163

Oct. 11, 2023

NIPPON CHEMI-CON Resolved to Issue Class and Common Shares—Underpinning Creditworthiness

JCR Upgraded Rating on DAIKEN to A+/Stable; Affirmed J-1

JCR Upgraded Rating on MIZUHO Leasing, Mizuho-Toshiba Leasing and Mizuho Marubeni Leasing to AA-/Stable and J-1+

JCR Affirmed BBB+ Long-term Issuer Rating on OKASAN SECURITIES GROUP and OKASAN SECURITIES; Revised Outlook to Stable

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

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

JCR Assigned A+ Rating to Bonds of KUREHA

JCR Assigned A Rating to Bonds of NEC Capital Solutions

JCR Assigned AA Rating to Bonds of United Urban Investment Corporation

JCR Assigned Preliminary A+ Rating to Shelf Registration of HOKKAIDO GAS

Oct. 10, 2023

JCR's Rating Review of Blast Furnace Steel Manufacturers

JCR Affirmed A/Stable Long-term Issuer Rating on AICHI STEEL

JCR Affirmed A+/Stable Long-term Issuer Rating on ES-CON JAPAN

JCR Affirmed AA/Stable Long-term Issuer Rating on United Urban Investment Corporation

Oct. 06, 2023

JCR Upgraded Long-term Issuer Rating on Sumitomo Mitsui Trust HD and Sumitomo Mitsui Trust Bank to AA/Stable

JCR Upgraded Long-term Issuer Rating on Sumitomo Mitsui Trust Loan & Finance to AA/Stable; Affirmed J-1+ on CP

JCR Upgraded Long-term Issuer Rating on Sumitomo Mitsui Trust Panasonic Finance to AA/Stable; Affirmed J-1+ on CP

JCR Affirmed AAA/Stable Long-term Issuer Rating on Kobe University

JCR Affirmed AA+/Stable Long-term Issuer Rating on JAPAN POST HD

JCR Affirmed AA/Stable Long-term Issuer Rating on JAPAN POST INSURANCE

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned A Rating to Bonds of Nisshin OilliO Group

JCR Assigned A- Rating to Bonds of NIPRO

JCR Assigned A- Rating to Bonds (Tier 1 with loss absorption clause) of Mitsubishi UFJ Financial Group

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned Preliminary AA Rating to Shelf Registration of Tokyo Waterfront Area Rapid Transit

JCR Affirmed A- on Sylph Limited Series 10144

JCR Withdraws AAp Long-term Issuer Rating on Hitachi

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Nishi-Nippon City Bank to FUKOKU

Oct. 05, 2023

Monex Group Entered into Capital and Business Alliance with DOCOMO - JCR Will Confirm How to Collaborate with DOCOMO

JCR Assigned AA-/Stable Long-term Issuer Rating to Kenedix Private Investment Corporation

JCR Assigned AA- Rating to Bonds of SAIBU GAS HD

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Affirmed A on Kurimoto Mega Solar Project Bond Trust 1 Beneficial Interest and Trust ABL

JCR Affirmed A on Kurimoto Mega Solar Green Project Bond Trust 2 Beneficial Interest and Trust ABL

JCR Assigned AA to Libra A Limited Series C053

Oct. 04, 2023

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

[ Asset Securitization Products ] JCR Affirmed AA- on Sumitomo Mitsui Trust Bank Credit Linked Loan 2018-1

[ Asset Securitization Products ] JCR Affirmed AA- on Jupiter Capital Limited Series 2018-11

[ Asset Securitization Products ] JCR Affirmed AA- on Ganymede Limited Series 2021-2

[ Asset Securitization Products ] JCR Affirmed AA- on Ganymede Limited Series 2021-179

JCR Affirmed AA- on Ganymede Limited Series 2020-70

JCR Affirmed AA- on Ganymede Limited Series 2020-76

JCR Affirmed AA- on Elva Funding PLC Series 2021-7, 2021-9, 2021-11, 2021-14, 2021-19 and 2021-27

JCR Assigned Social 1(F) to Social Loan Framework by SMFL LCI Helicopters

Oct. 03, 2023

JCR Affirmed A+/Stable and J-1 on SUMITOMO CHEMICAL

JCR Assigned Preliminary AA- Rating to Subordinated Loan of National Mutual Insurance Federation of Agricultural Cooperatives

JCR Assigned Preliminary AA- to Bonds of Zenkyoren 3rd Subordinated Loan Securitization Company Limited

[ Asset Securitization Products ] JCR Upgraded Class A1 and A2 Senior Beneficial Interest of DFC Beneficiary Interest 202106 to AAA; Affirmed BBB+ on Class B Senior Beneficial Interest

JCR Affirmed A on SGET Tochigi Mega Solar Power Station Project Beneficial Interest

JCR Affirmed A on SGET Usa Mega Solar Power Station Project Beneficial Interest

JCR Assigned A to Bonds of Sylph Limited Series 10223

Oct. 02, 2023

JCR Assigned Preliminary A Rating to Shelf Registration of Nisshin OilliO Group

JCR Affirmed BBB+/Stable Long-term Issuer Rating on ASAHI PRINTING

JCR Assigned Preliminary A+ Rating to Bonds (Tier 2 with loss absorption clause) of Sumitomo Mitsui Financial Group

JCR Assigned Green 1 to Long-term Loan Borrowed by Daiwa House REIT Investment Corporation

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by MUFG Bank to MIRARTH HOLDINGS

Sep. 29, 2023

JCR Assigned A/Stable and J-1 to Kyoyu Lease

JCR Removed Credit Monitor; Downgraded Rating on CP of Orico Auto Leasing to J-1

JCR Affirmed BBB+ Long-term Issuer Rating on RESORTTRUST; Revised Outlook to Positive

JCR Affirmed A-/Stable and J-1 on KPP GROUP HD

JCR Affirmed A+/Stable and J-1 on Nippon Electric Glass

JCR Affirmed BBB+/Stable Long-term Issuer Rating on FUTABA INDUSTRIAL

JCR Assigned Preliminary AA- Rating to Shelf Registration of Sumitomo Mitsui Auto Service

JCR Assigned Preliminary AA- Rating to Shelf Registration of Global One Real Estate Investment Corporation

JCR Assigned A- Rating to CSIQ Guaranteed JPY-denominated Green Structured Bond Trust Trust ABL

JCR Assigned AA to Long-term Issue Rating of Suzuran Credit Service LLC

JCR Assigned AA to Long-term Issue Rating of Green Credit Service LLC

JCR Assigned AA- to Securitization of Leases Receivable from SB 202309

JCR Assigned AA- to Securitization of Loans Receivable from SB 202309

JCR Withdraws AA-/Stable and J-1+ on LINE

JCR Withdraws J-1 Rating on CP of Pan Pacific International HD