News Release | Japan Credit Rating Agency, Ltd. - JCR

Home
News Release

News Release

Jan. 31, 2025: Mizuho Bank, Mizuho Research & Technologies: Second Party Opinion on Mizuho Eco Finance 2025 Framework (Review); Propack Holdings: Second Party Opinion on Sustainability Linked Loan; Mizuho Leasing, Mizuho Bank: Second Opinion on Positive Impact Finance; IMAI KOBE WINE CELLAR, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Hiroshima Hino Motors, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Teppen Dash Company, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Maruhana, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Koyudo, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Nichilaymagnet, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; JECT ONE, The Nanto Bank: Second Opinion on Positive Impact Finance; IIDZKA SEISAKUSHO, The Nanto Bank: Second Opinion on Positive Impact Finance; Ozora Sangyo, The Nanto Bank: Second Opinion on Positive Impact Finance; Otaki Shoten, The Nanto Bank: Second Opinion on Positive Impact Finance; Kinuya, THE SAITAMAKEN SHINKIN BANK: Second Opinion on Positive Impact Finance; HINOGIKEN, San ju San Bank: Second Opinion on Positive Impact Finance; Fuji Chemical Industries, The Hokuriku Bank: Second Opinion on Positive Impact Finance; KAITO, THE SHIMIZU BANK: Second Opinion on Positive Impact Finance; TRINC, THE SHIZUOKA BANK: Second Opinion on Positive Impact Finance

Jan. 30, 2025: SMFL MIRAI Partners Commences Tender Offer for Shares of CRE—JCR Focuses on Outcome of Tender Offer and its Impact on CRE Logistics REIT; JCR Assigned BBB+/Stable Long-term Issuer Rating to Ichigo; JCR Assigned A-/Stable Long-term Issuer Rating to JTB; JCR Upgraded Long-term Issuer Rating on Tokyu Fudosan HD to A+/Stable; Affirmed J-1 on CP; JCR Affirmed A+/Stable Long-term Issuer Rating on SCSK; JCR Affirmed AA/Stable and J-1+ on Sumitomo Realty & Development; JCR Affirmed AA/Stable and J-1+ on Mitsui Fudosan; JCR Affirmed AA+/Stable Long-term Issuer Rating on Corporacion Andina de Fomento; JCR Assigned A- Rating to Bond Program of Yanmar HD; JCR Assigned Preliminary A Rating to Subordinated Bonds of Hulic; [ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 25-01; [ Asset Securitization Products ] JCR Affirmed J-1+ on Ferry Road ETC Card Receivable ABL Program; JCR's view on changes to the Sustainability Finance Framework of Japan Excellent; Sumitomo Mitsui Trust Panasonic Finance: Post-execution Verification Report on Sustainability Linked Loan; Misawaseni, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Jan. 29, 2025: UBE Revised Earnings Forecasts for FY2024—Limited Impact on Rating; JCR Upgraded Rating on Mitsui Chemicals to AA-/Stable and J-1+; JCR Affirmed AA- Long-term Issuer Rating on ROHM; Revised Outlook to Negative; JCR Affirmed A/Stable and J-1 on Sumitomo Osaka Cement; JCR Affirmed A/Stable Long-term Issuer Rating on JAPAN WOOL TEXTILE; JCR Affirmed AAA/Stable Long-term Issuer Rating on NIPPON TELEGRAPH AND TELEPHONE; JCR Affirmed A/Stable Long-term Issuer Rating on Maruzen Showa Unyu; JCR Affirmed AA/Stable and J-1+ on Sumitomo Mitsui Finance and Leasing; [ Asset Securitization Products ] JCR Assigned Preliminary AAA to Beneficial Interest 202502 (Contract No. 240148); Japan: Climate Transition Bonds (Bond No.2, 5-Year, Issued in January 2025) - Evaluation: Green 1(T)

Jan. 28, 2025: JCR Affirmed AA-/Stable Long-term Issuer Rating on Sumitomo Warehouse; JCR Affirmed BBB/Stable Long-term Issuer Rating on TAMURA; JCR Affirmed AAA/Stable Long-term Issuer Rating on National University Corporation University of Tsukuba; JCR Affirmed A+/Stable Long-term Issuer Rating on HEKIKAI SHINKIN BANK; JCR Affirmed AA/Stable Long-term Issuer Rating on Mitsubishi Estate Logistics REIT Investment Corporation; Nomura Real Estate Master Fund: Reviewed Green Finance Framework Evaluation: Green 1(F); NSIP2023: Reviewed Green Finance Framework Evaluation: Green 1(F); Mori Trust Holdings: Reviewed Sustainability Finance Framework Evaluation: SU 1(F); CBS Financial Services: Second Party Opinion on Sustainability Linked Loan

Jan. 27, 2025: JCR's Rating Review of Major Life Insurance Groups; JCR Affirmed AA+/Stable and J-1+ on Nippon Life Insurance; JCR Affirmed AA-/Stable Long-term Issuer Rating on Dai-ichi Life HD; Affirmed AA/Stable Long-term Issuer Rating on Dai-ichi Life; JCR Affirmed AA/Stable and J-1+ on Meiji Yasuda Life; JCR Affirmed AA/Stable Long-term Issuer Rating on SUMITOMO LIFE INSURANCE; JCR Affirmed J-1+ Rating on CP of Nissay Leasing; SMBC Trust Bank: Reviewed Green Finance Framework Evaluation: Green 1(F)

Jan. 24, 2025: JCR Assigned A+/Stable Long-term Issuer Rating to Mitsubishi HC Capital Private REIT; JCR Affirmed A+/Stable and J-1 on ISUZU MOTORS; JCR Affirmed A-/Stable Long-term Issuer Rating on Sotetsu HD; JCR Affirmed AAA/Stable Long-term Issuer Rating on TOYOTA MOTOR; JCR Affirmed AAA/Stable Long-term Issuer Rating on TOYOTA FINANCE; JCR Affirmed BBB+/Stable (FC/LC) on Indian Railway Finance Corporation; JCR Assigned Preliminary A+ Rating to Shelf Registration of DAIBIRU; IDA Technos, THE SAITAMAKEN SHINKIN BANK: Second Opinion on Positive Impact Finance; Hirabayashi Kinzoku, The Chugoku Bank: Second Opinion on Positive Impact Finance

Jan. 23, 2025: JCR Upgraded FC Long-term Issuer Rating on Banco Santander to AA-/Stable; JCR Affirmed A/Stable Long-term Issuer Rating on SEIREN; JCR Affirmed A+/Stable and J-1 on HIKARI TSUSHIN; JCR Affirmed Long-term Issuer Rating on Tokyo Star Bank to A/Stable; JCR Affirmed AA/Stable (FC) on Shinhan Bank and AA-/Stable on SBJ; JCR Assigned AA- to Jointly Operated Designated Money Trust LY Over 1Y; [ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 25-01

Jan. 22, 2025: JCR Upgraded Long-term Issuer Rating on KANEMATSU to A/Stable; JCR Affirmed A/Stable FC Long-term Issuer Rating on Hotel Lotte; JCR Assigned A+ Rating to Bonds of THK

Jan. 21, 2025: JCR Affirmed BBB+ Long-term Issuer Rating on Chuo Warehouse; Revised Outlook to Positive; JCR Affirmed A+/Stable Long-term Issuer Rating on FUJI ELECTRIC; JCR Affirmed A/Stable Long-term Issuer Rating on YAMAZEN; JCR Affirmed A+/Stable Long-term Issuer Rating on RYOHIN KEIKAKU; JCR Affirmed BBB+/Stable Long-term Issuer Rating on Fukui Bank; JCR Affirmed A/Stable Long-term Issuer Rating on FIRST BANK OF TOYAMA; JCR Assigned AA- Rating to Bonds of SoftBank; [ Asset Securitization Products ] JCR Assigned Preliminary AAA to obbligato 202502 Senior Beneficial Interest and ABL; [ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 25-01

Jan. 20, 2025: JCR Affirmed AA/Stable Long-term Issuer Rating on ORIENTAL LAND; JCR Affirmed A+/Stable Long-term Issuer Rating on SANKEI BUILDING; JCR Affirmed AA-/Stable and J-1+ on Nissan Chemical; JCR Affirmed A+/Stable FC Long-term Issuer Rating on Marubeni Equipment Finance (Oceania); [ Asset Securitization Products ] JCR Assigned Preliminary AAA to Plum; Chuo-Nittochi Group: Reviewed Green1(F) to Green Finance Framework/Second Party Opinion on Sustainability Linked Finance Framework; SoftBank: Reviewed Sustainability Bond Framework Evaluation: SU 1(F); Japan Freight Railway: Reviewed Green Bond Framework Evaluation: Green 1(F); &Do Holdings, THE SHIMIZU BANK: Second Opinion on Positive Impact Finance

Jan. 17, 2025: JCR Affirmed A- Long-term Issuer Rating on AISAN INDUSTRY; Revised Outlook to Positive; JCR Affirmed A/Stable and J-1 on UBE; JCR Affirmed A+/Stable Long-term Issuer Rating on SQUARE ENIX HD; JCR Affirmed AA-/Stable Long-term Issuer Rating on Fukuoka Kogyo Daigaku

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