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Apr. 03, 2023: JCR Affirmed A+/Stable Long-term Issuer Rating on YOKOHAMA MINATOMIRAI RAILWAY; JCR Affirmed BBB/Stable Long-term Issuer Rating on YOROZU; JCR Affirmed AAA/Stable Long-term Issuer Rating on Asian Development Bank; JCR Assigned Preliminary BBB Rating to Subordinated Bonds of SoftBank Group; JCR Affirmed A on Landmark Capital S.A. Series 2018-65; [ Asset Securitization Products ] JCR Affirmed A on Ascent Finance Limited Series 2022-1006

Mar. 31, 2023: JCR Assigned A/Stable Long-term Issuer Rating to J. F. Oberlin University and Affiliated Schools; JCR Assigned BBB+/Stable Long-term Issuer Rating to TSUBAKIMOTO KOGYO; Withdraws J-2 on CP; JCR Affirmed BBB+/Stable Long-term Issuer Rating on Kintetsu Group HD; Assigned Preliminary BBB+ to Shelf Registration; JCR Affirmed AA/Stable Long-term Issuer Rating on NITTO DENKO; JCR Assigned BBB- Rating to Subordinated Loan of ZENSHO HD; JCR Assigned BBB+ Rating to Subordinated Loan of Tokyu Fudosan HD; JCR Assigned Preliminary A+ Rating to Shelf Registration of Daicel; JCR Assigned Preliminary A+ Rating to Shelf Registration of Nagoya Railroad; JCR Assigned A (fp) Fund Portfolio Rating to Real Estate Non-Recourse Loan Jointly Managed Designated Money Trust Program; JCR Withdraws BBB+ Long-term Issuer Rating on OKABE; JCR Assigned SU 1(F) and Blue 1(F) to Blue-Sustainability Finance Framework of Proximar Seafood/Proximar; JCR Assigned Green 1(F) to Green Finance Framework of CenterPoint Development; JCR Assigned Green 1 to Long Term Loan Borrowed by Samty; JCR Assigned Green 1 to Long Term Loan Borrowed by Power Aid Mie; JCR Assigned Green 1(F) to Green Real Estate Non Recourse Loan Fund of Sumitomo Mitsui Trust Bank; JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by THE SAN-IN GODO BANK to Rising Corporation; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by MUFG Bank to Tokyu Fudosan Holdings; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by MUFG Bank to IDOM; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by MUFG Bank to AZ-COM MARUWA Holdings; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by MUFG Bank to JACCS; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by MUFG Bank to TAKENAKA; JCR Provided a Third Party Opinion to Positive Impact Assessment Provided by Sumitomo Mitsui Trust Bank toTAKENAKA; JCR Provided a Third Party Opinion to Positive Impact Assessment Provided by Sumitomo Mitsui Trust Bank to DIC; JCR Provided a Third Party Opinion to Positive Impact Assessment Provided by Sumitomo Mitsui Trust Bank to Marui Group; JCR Provided a Third Party Opinion to Positive Impact Assessment Provided by Sumitomo Mitsui Trust Bank to Nomura Real Estate Holdings; JCR Provided a Third Party Opinion to Positive Impact Assessment Provided by Sumitomo Mitsui Trust Bank to Nissui; JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by Sumitomo Mitsui Trust Bank to CKD; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to Mitsuhashi; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to ISEKI; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to Tokyo Century; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Joyo Bank to Arrows; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Joyo Bank to Nissinn Tuusyou; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Joyo Bank to IWATE SEISAKUSHO; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Nishi-Noppon City Bank to Nakayama Unyu; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Nishi-Noppon City Bank to GS TAKAHASHI; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Nishi-Noppon City Bank to ADAL; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Nishi-Noppon City Bank to Yeltex Yoshida; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Nishi-Noppon City Bank to Fine Life Company; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Nishi-Noppon City Bank to Miyoshi Real Estate; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Nishi-Noppon City Bank to SYOUEI DENSETSU KOGYO; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to Hero's Holdings; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to Yamazaki; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to Sunkoh Industry; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Ashikaga Bank to AeroEdge; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Ashikaga Bank to AIDA SEKKEI; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Ashikaga Bank to SYNTEX; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Ashikaga Bank to Kyoshin; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Ashikaga Bank to Daiko Factory; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Ashikaga Bank to Yanase Industry; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Bank of Yokohama to comfort japan; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Bank of Yokohama to SAKURASAKU POWERS; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Bank of Yokohama to SUNAUTAS; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to TAKAKI; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Kyoeishigyo; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to NUMATA CLEAN SERVICE; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Chuou-Densetsu; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Nihon Alutec; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to YAGIUNSO; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to WELLNEST HOME; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to Kanie JAPAN; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to TESS Engineering; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to HONDALOGICOM; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to Komada Printing; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to TOMATSU METALLURGICAL; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to FUJI PRINTING; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Yamanashi Chuo Bank to ENOMOTO; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Senshu Ikeda Bank to OZ WORK; JCR Provided a Third Party Opinion to the Positive Impact Framework of HAMAMATSU IWATA SHINKIN BANK; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to White Wings Holdings