News Release

Mar. 21, 2024

JCR Assigned Preliminary AA, AA- and A Ratings to Shelf Registration of Mizuho Financial Group

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 24-03

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 24-03

JCR Reviewed Green Finance Framework of INFRONEER Holdings

Mar. 19, 2024

JCR Upgraded Long-term Issuer Rating on Shibusawa Warehouse to A/Stable

JCR Upgraded Long-term Issuer Rating on Invincible Investment Corporation to A+/Stable

JCR Assigned Preliminary BBB- Rating to Subordinated Loan of ZENSHO HD

JCR Affirmed BBB on BRS Mega Solar Project Bond Trust 1 Beneficial Interest and Trust ABL

Mar. 18, 2024

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

JCR Affirmed A/Stable Long-term Issuer Rating on ZENKOKU HOSHO

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

JCR Affirmed A-/Stable Long-term Issuer Rating on Seiwa Building

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

JCR Conducted Evaluation of Conformity of Bonds Issued by Yokohama Minatomirai Railway to Green Finance Framework

Second Opinion Provided on Scheme Revision for Nishi-Nippon City Bank's Next-Generation Workstyle Support Private Placement Bonds "Miraiheno Michi"

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Hokuriku Bank to F.K.Solutions

Mar. 15, 2024

JCR Affirmed A/Stable Long-term Issuer Rating on Yodogawa Christian Hospital

JCR Affirmed AAA/Stable and J-1+ on NTT DATA GROUP

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

JCR Assigned Preliminary AA- to Securitization of Leases Receivable from SB 202403

JCR Assigned Preliminary AA- to Securitization of Loans Receivable from SB 202403

JCR Assigned AA- to Ganymede Limited Series 2024-10

[ Asset Securitization Products ] JCR Assigned AAA to Beneficial Interest of unus202403

[ Asset Securitization Products ] JCR Assigned AA+ to Revolving Credit Card Shopping Senior Beneficial Interest

JCR Assigned Green 1(F) to Green Finance Framework of Mitsubishi UFJ Financial Group

JCR Assigned Green 1 to Joint Local Government Green Bond 2nd of Joint Green Bond issuers (Local Governments)

JCR Provided a Second Party Opinion on Sustainability Linked Loan Framework of The Bank of Kyoto

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Shoko Chukin Bank to SANWA

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Shoko Chukin Bank to MINAMI ELECTRIC

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Juhachi-Shinwa Bank to matsuyamaseika

JCR Provided a Second Opinion on Positive Impact Finance Provided by San ju San Bank to Sanmausu

Mar. 14, 2024

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

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Shiraishi Baking

Mar. 13, 2024

JCR Upgraded Long-term Issuer Rating on Aica Kogyo to A+/Stable

JCR Upgraded Long-term Issuer Rating on Tosei Reit Investment Corporation to A/Stable

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

JCR Affirmed AA/Stable Long-term Issuer Rating on NITTO DENKO

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

JCR Affirmed AAA/Stable Long-term Issuer Rating on Asian Development Bank

JCR Affirmed A/Stable (FC) and A+/Stable (LC) on Poland

[ Asset Securitization Products ] JCR Affirmed BBB and BBB- on ABL 21-09

Request for Comments on Renewal of Eligibility Criteria for Green Building and Renovation

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Kumamoto Bank to KYUSHU BIOTECH

Mar. 12, 2024

JCR Upgraded Rating on Fuyo General Lease to AA-/Stable and J-1+
JCR Upgraded Rating on Sharp Finance to AA-/Stable and J-1+

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

JCR Affirmed AA/Stable Long-term Issuer Rating on DAIWA HOUSE INDUSTRY

JCR Affirmed AAA/Stable Long-term Issuer Rating on International Bank for Reconstruction and Development

JCR Assigned Preliminary A+ Rating to Shelf Registration of J. FRONT RETAILING

JCR Provided a Second Opinion on Positive Impact Finance Provided by MUFG Bank to Toyoda Gosei

JCR Provided a Second Opinion on Positive Impact Finance Provided by The Shoko Chukin Bank to JOEMAY

Mar. 11, 2024

JCR Affirmed A-/Stable Long-term Issuer Rating on Asahi Mutual Life Insurance

JCR Assigned A+ Rating to Bonds of Daiwa Securities Group

JCR Assigned Preliminary A+ Rating to Shelf Registration of JACCS

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Bank of Yokohama to SHINKOSHA

Mar. 08, 2024

JCR Upgraded Long-term Issuer Rating on SENKO Group HD to A/Stable

JCR's Rating Review of General Construction Companies

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

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

JCR Affirmed AA-p/Stable Long-term Issuer Rating on SHIMIZU

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

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Southern TOHOKU Social Welfare Foundation

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

JCR Affirmed AA+/Stable Long-term Issuer Rating on Kanagawa Prefectural Housing Supply Corporation

JCR Assigned A+ Rating to Bonds of Nagoya Railroad

JCR Assigned A+ Rating to Bonds of HIKARI TSUSHIN

JCR Assigned AA Rating to Bonds of Mitsubishi Logistics

JCR Assigned A- Rating to Bonds of GMO Financial HD

JCR Assigned Preliminary AA- Rating to Shelf Registration of TOKYU

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

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to Beneficial Interest of unus202403

JCR Assigned Green 1(T)(F) to Green/Transition Finance Framework of the Kansai Electric Power

JCR Assigned Green 1(F) to Green Loan Framework of Mitsui & Co., Private REIT

JCR Provided a Second Opinion to Positive Impact Finance Provided by HAMAMATSU IWATA SHINKIN BANK to syakaihokenroumusihoujin muramatsu jimusyo

Mar. 07, 2024

JCR Affirmed A+/Stable and J-1 on JA MITSUI LEASING

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

Results of Review of Structured Finance Products (Excluding Those to Which Credit Ratings Are Assigned) February 2024

Mar. 06, 2024

JCR Removed Credit Monitor; Downgraded Rating on Benesse HD to A-; Placed Stable Outlook

JCR Affirmed AA/Stable Long-term Issuer Rating on Kanagawa University

JCR Affirmed A-/Stable (FC/LC) on Philippines

JCR Affirmed AA/Stable Long-term Issuer Rating on Daiwa Office Investment Corporation

JCR Assigned A- Rating to Bonds of KPP GROUP HD

JCR Assigned BBB to Notes of Fasanara Securitisation

JCR Assigned AA- to SPIRE SA Series 2024-124

Mar. 05, 2024

JCR Affirmed A Long-term Issuer Rating on Aozora Bank; Revised Outlook to Negative

JCR Affirmed A+/Stable Long-term Issuer Rating on Pan Pacific International HD

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

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

JCR Affirmed A-/Stable (FC) and A/Stable (LC) on Hungary and National Bank of Hungary

JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank & The Yokohama Shinkin Bank to TAKADA GROUP

Mar. 04, 2024

JCR Upgraded Long-term Issuer Rating on Namura Shipbuilding to BBB-/Positive

JCR Upgraded Long-term Issuer Rating on FAST RETAILING to AA+/Stable

JCR Affirmed AA/Stable Long-term Issuer Rating on Sompo Warranty

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

JCR Affirmed A+/Stable Long-term Issuer Rating on Mitsubishi Chemical Group

JCR Affirmed A-/Stable FC Long-term Issuer Rating on Vena Energy HD and Vena Energy Capital

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

JCR Affirmed BBB+/Stable (FC/LC) on Export-Import Bank of India

Mar. 01, 2024

JCR Downgraded Long-term Issuer Rating on Toho Zinc to BB/Negative; Affirmed J-3 on CP

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Monex Group; Affirmed J-2 Rating on CP of Monex Finance; Upgraded Rating on Monex to AA/Stable and J-1+

JCR Affirmed BBB+/Positive Long-term Issuer Rating on Starzen