News Release

Jun. 27, 2023

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

JCR Assigned Green 1 to the commitment line by Toranomon 1-chome East Area Urban Redevelopment Association

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Yamanashi Chuo Bank to SAWA

Jun. 26, 2023

JCR Upgraded Rating on AEON REIT Investment Corporation to AA/Stable

JCR Affirmed AA+ Long-term Issuer Rating on Shoko Chukin Bank; Revised Outlook to Negative

JCR Affirmed AA/Stable Long-term Issuer Rating on ORIX JREIT

JCR Assigned Preliminary AA- Rating to Bonds of ESR Group

JCR Affirmed AAA/Stable (FC/LC) on United States of America

Highlights of General Trading Companies' Financial Results for Fiscal Year Ended March 2023

JCR Assigned Preliminary BBB to Clean Energy Connect Non-FIT Virtual PPA Low-voltage Solar Power Plant Green Project Bond Trust Trust ABL

Jun. 23, 2023

JCR Affirmed J-2 Rating on CP of KYOKUYO

[ Asset Securitization Products ] JCR Removed Credit Monitor; Downgraded Securitization of Leases Receivable 202108, 202201A, 202201 and 202207 to A-

[ Asset Securitization Products ] JCR Removed Credit Monitor; Downgraded Securitization of Leases Receivable 202110 to A-

[ Asset Securitization Products ] JCR Removed Credit Monitor; Downgraded Securitization of Leases Receivable 202201 to A-

[ Asset Securitization Products ] JCR Removed Credit Monitor; Downgraded Securitization of Leases Receivable 202204 to A-

[ Asset Securitization Products ] JCR Removed Credit Monitor; Downgraded Securitization of Leases Receivable 202207 to A-

JCR Affirmed A on Daiwa Green Finance Program Beneficial Interest and Trust ABL (Iwamizawa and Kushiro Solar Power Plants)

JCR Removed Credit Monitor; Downgraded Ganymede Limited Series 2021-148 to A-

JCR Affirmed BBB on Daiwa Green Finance Program Beneficial Interest and Trust ABL (Kumamoto Kikuchi Solar Power Plant)

Jun. 22, 2023

JCR Affirmed AA/Stable Long-term Issuer Rating on Tokyo Waterfront Area Rapid Transit

JCR Assigned AA Rating to Bonds of Electricite de France

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 23-06

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to Shimizu reito

Jun. 21, 2023

JCR Removed Credit Monitor; Downgraded Rating on Rakuten Group to A-; Placed Negative Outlook

JCR Removed Credit Monitor; Downgraded Rating on Rakuten Group's FinTech Subsidiaries to A-; Placed Negative Outlook

JCR Affirmed AA/Stable Long-term Issuer Rating on MORI HILLS REIT INVESTMENT CORPORATION

JCR Assigned Preliminary AA Rating to Bonds of Electricite de France

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 23-06

Highlights of General Heavy Machinery Manufacturers' Financial Results for Fiscal Year 2022

Jun. 20, 2023

JCR Assigned A-/Stable FC Long-term Issuer Rating and Preliminary AA Rating (guaranteed) to Korea Investment & Securities

JCR Assigned Preliminary A+ Rating to Shelf Registration of YOKOHAMA MINATOMIRAI RAILWAY

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

[ Asset Securitization Products ] JCR Placed REIT2021-001 Class B Beneficial Interest and ABL under CM #AA-/Positive; affirmed AAA on Class A Beneficial Interest

JCR Assigned A to Ganymede Limited Series 2023-83

Highlights of Supermarket Chain Operators' Financial Results for Fiscal Year Ended February/March 2023

Jun. 19, 2023

JCR Provided a Third Party Opinion to Positive Impact Assessment Provided by Sumitomo Mitsui Trust Bank to RICOH

Jun. 16, 2023

JCR Affirmed AA-/Stable Long-term Issuer Rating on HEIWA REAL ESTATE REIT

JCR Assigned AA to Libra A Limited Series C037

JCR Assigned Preliminary AA- to Securitization of Leases Receivable from SB 202306

JCR Assigned Preliminary AA- to Securitization of Loans Receivable from SB 202306

JCR Assigned SU1(F) to Sustainability Finance Framework by United Urban Investment

JCR Reviewed Sustainability Linked Finance Framework of SUMITOMO CHEMICAL

JCR Provided a Third Party Opinion on Sustainability Linked Loan Conducted by Sumitomo Mitsui Trust Bank to SUMITOMO CHEMICAL

Jun. 15, 2023

Enex Infrastructure Investment Corporation's Property Acquisition - JCR Will Focus on Post-Acquisition Operation and Other Developments

JCR Affirmed AA-/Stable Long-term Issuer Rating on San-in Godo Bank

JCR Assigned Preliminary AA (fp) Fund Portfolio Rating to Green J-REIT Trust

JCR Assigned Preliminary J-1 to eDirect Trust N2

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 23-06

Highlights of Major Private Railroad Companies' Financial Results for Fiscal Year Ended March 2023

JCR Reviewed Green Finance Framework of Enex Infrastructure Investment

JCR Reviewed Green Finance Framework for jointly-managed money trust of Mitsubishi UFJ Trust and Banking

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

Jun. 13, 2023

ZENSHO HD Acquires SnowFox - JCR Will Watch for Impact on Financial Structure

Three Listed Investment Corporations Sponsored by Kenedix Entered into Merger Agreement - Limited Impact on Kenedix Office Investment Corporation's Rating

JCR Placed Rating on Kenedix Residential Next Investment Corporation and Kenedix Retail REIT Corporation under Credit Monitor #AA-/Positive

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned A Rating to Bonds of Japan Airlines

JCR Affirmed BB+ on Mitsubishi UFJ Trust ABL630

Jun. 12, 2023

JCR Upgraded Long-term Issuer Rating on JCB to AA/Stable; Affirmed J-1+ on CP

JCR Assigned A-/Stable FC Long-term Issuer Rating to Canadian Solar

JCR Assigned Green 1(F) to Green Finance Framework of Yokohama Minatomirai Railway

Jun. 09, 2023

JCR Removed Credit Monitor; Downgraded Rating on Sharp to BB; Placed Negative Outlook

JCR Assigned BBB/Stable FC Long-term Issuer Rating to Energy Absolute

JCR Affirmed AA Rating on Bonds of Egypt

JCR Affirmed AAA/Stable (FC/LC) on the Netherlands

JCR Assigned A- Rating to Bonds of GMO internet group

JCR Assigned A Rating to Bonds of Resonac HD

JCR Assigned AA Rating to Bonds of Japan Freight Railway

JCR Assigned AA- Rating to Bonds of SOSiLA Logistics REIT

JCR Assigned Preliminary A+ Rating to Shelf Registration of THK

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

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

Jun. 08, 2023

JCR Affirmed A-/Stable Long-term Issuer Rating on TONO SHINKIN BANK

JCR Affirmed AA/Stable Long-term Issuer Rating on Hulic Reit

JCR Assigned AA Rating to Bonds of Sumitomo Mitsui Finance and Leasing

Highlights of Warehouse Companies' Financial Results for Fiscal Year Ended March 2023

Jun. 07, 2023

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

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

Highlights of Major General Chemical Manufacturers' Financial Results for Fiscal Year Ended March 2023

Jun. 06, 2023

JCR Solicits Public Comments on Revisions to Rating Methodology for "Medical Institutions"

JCR Solicits Public Comments on Establishment of Rating Methodology by Sector "Auto Parts Manufacturers"

Change in CP Maximum Amount of Toyo Tire; Affirmed J-1

JCR Assigned BBB+ Rating to Bonds of AIFUL

Highlights of Major Milling Companies' Financial Results for Fiscal Year Ended March 2023

Jun. 05, 2023

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

JCR Affirmed AA-/Stable and J-1+ on Marubeni

JCR Assigned Green 1(F) to Green Finance Framework of YAMATO HOLDINGS

Jun. 02, 2023

Trends in Economic Value-Based Solvency Regulations and Others

JCR Affirmed AA-/Stable and J-1+ on Sumitomo Metal Mining

JCR Affirmed BBB+/Negative and J-2 on MARUDAI FOOD

JCR Affirmed AAA/AAA (FC/LC) Ratings on Belgium with Stable Outlook

JCR Assigned A- Rating to Bonds of Kobe Steel

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned AA- to Ganymede Limited Series 2023-70

Highlights of Food Service Companies' Financial Results for Fiscal Year 2022

Highlights of Major Cement Companies' Financial Results for Fiscal Year Ended March 2023

JCR Assigned Green 1(F) and Blue 1(F) to Green/Blue Bond Framework of Iwate Prefecture

JCR Reviewed Green Financing Framework of Daiwa Office Investment

Jun. 01, 2023

Partial Revisions of Several Rating Methodologies

JCR Affirmed AA/Stable Long-term Issuer Rating on Hachijuni Bank
JCR Removed Credit Monitor; Upgraded Rating on NAGANOBANK to AA; Placed Stable Outlook