News Release

Dec. 04, 2024: JCR Assigned AA- Rating to Bonds of Mizuho Leasing; [ Asset Securitization Products ] JCR Affirmed AAA Rating on ABL 22-09

Dec. 03, 2024: JCR Affirmed A-/Stable and J-1 on Showa Sangyo; JCR Affirmed AA/Stable Long-term Issuer Rating on NISSHIN SEIFUN GROUP; JCR Affirmed A/Stable and J-1 on NIPPN; JCR Affirmed BBB/Stable Long-term Issuer Rating on Mitsubishi Steel Mfg.; JCR Assigned Preliminary A- Rating to Shelf Registration of IHI

Dec. 02, 2024: JCR Upgraded Long-term Issuer Rating on Mitsubishi Paper Mills to BBB/Stable; Affirmed J-2 on CP; JCR Affirmed A and J-1 on SKY Perfect JSAT HD; Revised Outlook to Positive; JCR Affirmed A-/Stable Long-term Issuer Rating on Medical Corporation KEIAIKAI; JCR Affirmed AAA/Stable Long-term Issuer Rating on National University Corporation Tokai National Higher Education and Research System; JCR Affirmed AA/Stable Long-term Issuer Rating on T&D HD, DAIDO LIFE INSURANCE, TAIYO LIFE INSURANCE and T&D FINANCIAL LIFE INSURANCE; JCR Affirmed J-1+ Rating on CP of T&D Lease; JCR Assigned Preliminary BBB Rating to Subordinated Bonds of Rakuten Group; AEON REIT Investment Corporation: Reviewed Sustainability Finance Framework Evaluation: SU 1(F)

Nov. 29, 2024: JCR Affirmed A-/Stable Long-term Issuer Rating on TAKAMATSU CONSTRUCTION GROUP; JCR Affirmed AAA/Stable (FC/LC) on Denmark; JCR Assigned AA- Rating to Bonds of Kyushu Electric Power; JCR Assigned AA Rating to Bonds of Tohoku Electric Power; JCR Assigned AA- Rating to Bonds of TOKYU; JCR Assigned BBB+ Rating to Bonds (Tier 1 with loss absorption clause) of Daiwa Securities Group; JCR Assigned Preliminary AA Rating to Shelf Registration of Keio; [ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank A Corporation Bills & Electronically Recorded Receivables ABL 24-11; Concerning "MUFG Nature Capital Management Evaluation supported by JCR"; Kobe Electric Railway, Mizuho Bank: Second Opinion on Positive Impact Finance; TOMOEZIKOU, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; First Loop Technologies, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; TOHO SHEET&FRAME, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; kawaguchiseiki, THE SHIMIZU BANK: Second Opinion on Positive Impact Finance; SANKO PLANTEC, The Hiroshima Bank: Second Opinion on Positive Impact Finance; novis, San ju San Bank: Second Opinion on Positive Impact Finance; Shinkumamotosangyou, THE BANK OF FUKUOKA: Second Opinion on Positive Impact Finance; ROCKY-ICHIMARU, THE BANK OF FUKUOKA: Second Opinion on Positive Impact Finance

Nov. 28, 2024: JCR Affirmed BBB+/Stable Long-term Issuer Rating on Sanken Electric; JCR Affirmed AA-/Stable and J-1+ on LY Corporation; JCR Affirmed AA-/Stable Long-term Issuer Rating on PayPay Bank; JCR Affirmed AA-/Stable and J-1+ on PayPay Card; JCR Affirmed A-/Stable (FC) and A/Stable (LC) on Oriental Republic of Uruguay; JCR Affirmed A+/Stable (FC) and AA-/Stable (LC) on Malaysia; JCR Assigned AA- Rating to Bonds of JFE HD; JCR Assigned Preliminary A Rating to Shelf Registration of Sojitz; [ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 24-11; [ Asset Securitization Products ] JCR Upgraded SPIRE SA Series 2020-269 to AA; [ Asset Securitization Products ] JCR Upgraded Elva Funding PLC Series 2021-16, 2021-21 and 2021-26 to AA; [ Asset Securitization Products ] JCR Upgraded Elva Funding PLC Series 2022-01 to AA; JCR Upgraded Elva Funding PLC Series 2021-11, 2021-27 and 2024-01 to AA; JCR Upgraded SPACE VIII Limited Series 2021-04 to AA; Chugin Financial Group: Assigned Sustainability Bond Framework Evaluation: SU 1(F); hakushinsha, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Nakano Koumuten, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Nov. 27, 2024: JCR Affirmed A/Stable Long-term Issuer Rating on DAIICHIKOSHO; JCR Affirmed A/Stable Long-term Issuer Rating on Topre; JCR Affirmed BBB+/Stable Long-term Issuer Rating on Premium Water HD; JCR Assigned AA Rating to Bonds of ASAHI KASEI; JCR Assigned A Rating to Bonds of UBE; JCR Assigned A Rating to Bonds of SoftBank Group; JCR Assigned A- Rating to Bonds of Mazda Motor; JCR Assigned AA- Rating to Bonds of Fuyo General Lease

Nov. 26, 2024: Niterra Acquires Toshiba Materials—JCR will Watch for Synergy Effects and Impact on Earnings and Financials; JCR Affirmed A- FC Long-term Issuer Rating on FORVIA; Revised Outlook to Negative; JCR Affirmed BBB-/Stable Long-term Issuer Rating on Jimoto HD, Kirayaka Bank and SENDAI BANK; JCR Affirmed A-/Stable Long-term Issuer Rating on GIFU SHINKIN BANK; JCR Affirmed AA-/Stable and J-1+ on Sumitomo Mitsui Auto Service; JCR Assigned A+ Rating to Bonds of Orient Corporation; JCR Affirmed AA-/Stable (FC) and AA/Stable (LC) on China; JCR Affirmed AA- Rating on Ascent Finance Limited-Linked Notes; JCR Affirmed AA- on Ascent Finance Limited Credit-Linked Notes; JCR Affirmed A+ Rating on Ascent Finance Limited Series 2022-1015 and 2022-1049; JCR Affirmed A Rating on Ascent Finance Limited Series 2023-1021; JCR Affirmed A on Ascent Finance Limited Series 2019-1020 and 2019-1033; JCR Affirmed A+ Rating on Landmark Capital S.A. Series 2018-65; UACJ: Assigned Green Finance Framework Evaluation: Green 1(F); EXEO Group: Reviewed Green Bond Evaluation: Green 1; Mr.Dream, The Yamanashi Chuo Bank: Second Opinion on Positive Impact Finance

Nov. 25, 2024: JCR Affirmed AAA/Stable Long-term Issuer Rating on National University Corporation, the University of Tokyo; JCR Affirmed A-/Stable and J-1 on Mitsubishi Electric Financial Solutions; Senwa, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Technical Company: SME Rating: aaa

Nov. 22, 2024: Shoko Chukin Bank Acquires Its Government-owned Shares—JCR Will Confirm Probability of Recovery of Capital Level; JCR Affirmed A+/Stable Long-term Issuer Rating on MIRAIT ONE; JCR Affirmed BBB+/Stable Long-term Issuer Rating on YAHAGI CONSTRUCTION; JCR Affirmed AA/Stable Long-term Issuer Rating on Shinkin Central Bank; JCR Affirmed AA-/Stable Long-term Issuer Rating on Shinkin Guarantee Fund; JCR Affirmed AA/Stable Long-term Issuer Rating on Shinkin Securities; JCR Assigned BBB+ Rating to Bonds of Kanagawa Chuo Kotsu; JCR Assigned A- Rating to Bonds of COSMO ENERGY HD; JCR Assigned AA- Rating to Bonds of JERA; JCR Assigned AA Rating to Bonds of Tohoku Electric Power; JCR Assigned A+ Rating to Bonds of Nagoya Railroad; JCR Assigned A Rating to Bonds of Mitsui Mining and Smelting; Hulic Real Estate Investment Advisors: Assigned Green Loan Framework Evaluation: Green 1(F); Takara Leben Real Estate Investment Corporation: Reviewed Green Finance Framework Evaluation: Green 1(F)

Nov. 21, 2024: JCR Assigned A-/Stable Long-term Issuer Rating to SEIKA; JCR Upgraded Long-term Issuer Rating on Konoike Transport to A/Stable; Affirmed J-1 on CP; JCR Affirmed A/Stable Long-term Issuer Rating on Nishimatsu Construction; JCR Affirmed A/Stable and J-1 on HANWA; JCR Affirmed AA/Stable Long-term Issuer Rating on Industrial & Infrastructure Fund Investment Corporation; JCR Assigned A Rating to Bonds of Kobe Steel; JCR Assigned AAA Rating to Bonds of Hokkaido University; JCR Assigned AAA Rating to Bonds of East Nippon Expressway

Release Information: News Release; Issuer Reports; Reports relating to Issuer; JCR News