News Release

Dec. 06, 2023

JCR Affirmed A-/Stable and J-1 on Showa Sangyo

JCR Affirmed A-/Stable Long-term Issuer Rating on TAKASAGO INTERNATIONAL

JCR Affirmed A+/Stable Long-term Issuer Rating on North Pacific Bank

JCR Assigned AA- to Bonds and Preliminary AA- to Shelf Registration of Mizuho Leasing

JCR Assigned AA- Rating to Bonds of Japan Excellent

JCR Assigned A- to SPIRE SA Series 2023-113

JCR Assigned J-1 Rating to Proposed Dividend Type Jointly-Management Designated Money Trust (SoftBank Group) Beneficial Interest No. 18, No. 19 and No. 20

JCR Withdraws J-1 Rating on Proposed Dividend Type Jointly-Management Designated Money Trust (SoftBank Group) Beneficial Interest Program

Dec. 05, 2023

JCR Affirmed A-/Stable Long-term Issuer Rating on GMO internet group

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

JCR Affirmed A+/Stable Long-term Issuer Rating on Chuo-Nittochi Private REIT

JCR Assigned BBB+ Rating to Bonds of OKASAN SECURITIES GROUP

JCR Upgraded Rating on Canadian Solar Dual Tenor Green Project Bond Trust (Ibaraki/Hiroshima) Beneficial Interest and Trust ABL to A-

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 BBB+ on TRIBAY Low Voltage Solar Power Green Project Bond Trust Trust ABL

Dec. 04, 2023

IWATANI Acquires Stake in COSMO ENERGY HD—Limited Impact on Rating

JCR Affirmed A/Stable Long-term Issuer Rating on EDION

JCR Affirmed A-/Stable and J-1 on Joshin Denki

JCR Affirmed A/Stable Long-term Issuer Rating on SKY Perfect JSAT HD

JCR Affirmed BBB- on JA Solar Green Project Bond Trust (Fukushima) Beneficial Interest and Trust ABL

Dec. 01, 2023

JCR Affirmed A-/Stable and J-1 on TOA; Change in CP Maximum Amount

JCR Affirmed AAA/Stable Long-term Issuer Rating on National University Corporation Tokai National Higher Education and Research System

JCR Affirmed BBB/Stable Long-term Issuer Rating on Mitsubishi Steel Mfg.

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Restar HD

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Assigned A- Rating to Bonds of Central Glass

JCR Assigned AA- Rating to Bonds of TAISEI

JCR Assigned A+ Rating to Bonds of THK

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned A Rating to Bonds of TOYOBO

JCR Assigned A+ Rating to Bonds of METAWATER

JCR Assigned A- Rating to Bonds (Tier 2 with loss absorption clause) of Bank of Nagoya

JCR Assigned AA+ Rating to Bonds of NEW KANSAI INTERNATIONAL AIRPORT

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Assigned AAA Rating to EMTN Program of Arab Bank for Economic Development in Africa

JCR Affirmed BBB on Amp Green Project Bond Trust (Gunma) Beneficial Interest and Trust ABL

JCR Affirmed BBB on Amp Green Project Bond Trust (Yamaguchi) Beneficial Interest and Trust ABL

JCR Affirmed BBB on Amp Green Project Bond Trust (Miyazaki) Trust ABL

Nov. 30, 2023

JCR Affirmed A- and J-1 on Konoike Transport; Revised Outlook to Positive

JCR Affirmed A+/Stable and J-1 on ISUZU MOTORS

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

JCR Affirmed A/Stable Long-term Issuer Rating on DAIICHIKOSHO

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

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

JCR Assigned BBB+ Rating to Bonds of ICHINEN HD

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned A+ Rating to Bonds of DAIBIRU

JCR Assigned AA+ Rating to Bonds of Corporacion Andina de Fomento

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to Class A Beneficial Interest 202401

[ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank A Corporation Bills & Electronically Recorded Receivables ABL 23-11

[ Asset Securitization Products ] JCR Assigned A to BEP Senior Beneficial Interest/ABL 202311

JCR Affirmed A- on JRE Mega Solar Project Bond Trust 1 Class A Beneficial Interest and Class A Trust ABL

JCR Affirmed A on JRE Mega Solar Project Bond Trust 1 Class B Beneficial Interest and Class B Trust ABL

JCR Affirmed BBB+ on JRE Mega Solar Project Bond Trust 1 Class C Beneficial Interest

JCR Affirmed A on JRE Mega Solar Project Bond Trust 2 Beneficial Interest

JCR Assigned SU 1(F), Green 1(T)(F), Blue 1(F) and Provided a Third Party Opinion on suitability for the Sustainability Linked Bond Principles and Sustainability Linked Loan Principles to Sustainable Finance Master Framework of Kawasaki Heavy Industries

JCR Reviewed Bonds no.38 Issued by Ricoh Leasing

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Senshu Ikeda Bank to MSC

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to takara-butz

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to MIYOSHI SANGYO

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Yamadai-Foods Processing

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Shinko Syoji

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to KATITAS

JCR Provided a Third Party Opinion to the Positive Impact Framework of THE BANK OF FUKUOKA

JCR Provided a Third Party Opinion to the Positive Impact Framework of The Kumamoto Bank

Nov. 29, 2023

Nippon Life Acquires Leading Nursing Care Provider NICHII—No Impact on Rating

JCR Assigned A+/Stable FC Long-term Issuer Rating to Marubeni Equipment Finance (Oceania)

JCR Affirmed A+ FC Long-term Issuer Rating on Lotte Chemical; Revised Outlook to Negative

JCR Affirmed A+ Long-term Issuer Rating on NIPPON REIT Investment Corporation; Revised Outlook to Positive

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

JCR Assigned AA Rating to Bonds of ASAHI KASEI

JCR Assigned A+ Rating to Bonds of Mitsubishi Chemical Group

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 23-11 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 23-11

JCR Assigned Green 1(F) to Green Finance Framework of MORI TRUST REIT

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to KOYO Automatic Machine

Nov. 28, 2023

JCR Solicits Public Comments on JCR's Rating Methodology

JCR Assigned A/Stable Long-term Issuer Rating to TEPCO Energy Partner

JCR Affirmed Ap FC Long-term Issuer Rating on Deutsche Bank; Revised Outlook to Positive

JCR Affirmed AA/Stable Long-term Issuer Rating on Japan Prime Realty Investment Corporation

JCR Assigned Green１(F) and Provided a Second Party Opinion on Suitability for the Sustainability-Linked Bond Principles and Sustainability-Linked Loan Principles to Sustainable Finance Framework of MORI BUILDING

JCR Provided a Third Party Opinion on Sustainability Linked Loan of Japan Entertainment

JCR Provided a Third Party Opinion on Sustainability Linked Loan Framework of Japan Real Estate Investment

JCR Provided a Third Party Opinion on Sustainability Linked Loan borrowd by United Super Markets Holdings

JCR Provided a Third Party Opinion on Sustainability Linked Finance Framework of Yasuda Logistics

Nov. 27, 2023

JCR Assigned A+/Stable FC Long-term Issuer Rating to CITIC Securities International

JCR Assigned BBB+/Stable (FC/LC) to REC

JCR Assigned BBB/Stable (FC) and BBB+/Stable (LC) Solicited Rating to Romania; Withdraws BBB (FC) and BBB+ (LC) Unsolicited Rating

[ Asset Securitization Products ] JCR Affirmed BBB- on Specified Bonds 19-07-02

[ Asset Securitization Products ] JCR Assigned A to Senior Beneficial Interest 7931601 Series 6

Nov. 24, 2023

ZENSHO HD Issues New Shares—Limited Impact on Ratings, but JCR Recognizes Financial Improvement Effects

JCR Assigned A+/Positive FC Long-term Issuer Rating to Hyundai Card

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

JCR Affirmed A+ FC Long-term Issuer Rating on Hyundai Capital Services; Revised Outlook to Positive

[ Asset Securitization Products ] JCR Upgraded Rating on ABL 21-04 to A