News Release

Nov. 30, 2022

[ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank A Corporation Bills & Electronically Recorded Receivables ABL 22-11

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Bank of Kyoto to NISHIMURA MFG.

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to Tsuji Oil Mills

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Joyo Bank to TAKANO KOGYO

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by Aozora Bank to HEIWA REAL ESTATE

Nov. 29, 2022

JCR Affirmed BB+ Long-term Issuer Rating on IKAI; Revised Outlook to Positive

JCR Affirmed BBB- and J-2 on Shinsho; Revised Outlook to Positive

JCR Affirmed AA- Long-term Issuer Rating on NTT UD REIT Investment Corporation; Revised Outlook to Positive

JCR Assigned A Rating to Bonds of Mitsui DM Sugar HD

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 22-11 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 22-11

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 22-11

JCR Assigned A to Sylph Limited Series 10197

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

Nov. 28, 2022

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

JCR Affirmed A Long-term Issuer Rating on DAIICHIKOSHO; Revised Outlook to Stable

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

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

JCR Assigned Preliminary A- Rating to Shelf Registration of Sojitz

[ Asset Securitization Products ] JCR Assigned A to Senior Beneficial Interest 7931601 Series 2

JCR Provided a Third Party Opinion to Sustainability Linked Loan Framework of LIFE CORPORATION

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

Nov. 25, 2022

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to NIHON SOGO SHISETSU

Nov. 24, 2022

MORI TRUST Sogo Reit Entered into Merger Agreement with Mori Trust Hotel Reit - Limited Impact on MORI TRUST Sogo Reit's Rating

JCR Upgraded Long-term Issuer Rating on KAGA ELECTRONICS to A/Stable

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

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

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

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

Nov. 22, 2022

JCR Upgraded Long-term Issuer Rating on AIFUL to BBB+/Positive

JCR Affirmed BB+ Long-term Issuer Rating on Sharp; Revised Outlook to Stable

JCR Affirmed A-/Stable FC Long-term Issuer Rating on Renault

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

JCR Assigned A- Rating to Bonds of Mitsui Mining and Smelting

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

[ Asset Securitization Products ] JCR Affirmed BBB and BBB- on ABL 21-09

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 22-11

JCR Assigned Green 1(F) to Green Finance Framework of Nippon Electric Glass

Nov. 21, 2022

JCR Upgraded Long-term Issuer Rating on MIRAIT ONE to A+/Stable

JCR Affirmed A/Stable Long-term Issuer Rating on AICHI STEEL

JCR Affirmed A-/Stable Long-term Issuer Rating on AOKI HD

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

JCR Affirmed A-/Stable Long-term Issuer Rating on Nippon Light Metal HD

JCR Affirmed A-/Stable and J-1 on Mitsubishi Electric Financial Solutions

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 22-11

JCR Assigned A to Earls Eight Limited Series 846

Nov. 18, 2022

JCR Affirmed A/Stable Long-term Issuer Rating on Ezaki Glico

JCR Affirmed AA-/Stable Long-term Issuer Rating on Z HD

JCR Affirmed A-/Stable Long-term Issuer Rating on TAKAMATSU CONSTRUCTION GROUP

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

JCR Affirmed AAA/Stable Long-term Issuer Rating on National University Corporation, the University of Tokyo

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

JCR Affirmed A-/Stable Long-term Issuer Rating on Tonami HD

JCR Affirmed A/Stable Long-term Issuer Rating on Nishimatsu Construction

JCR Affirmed AA-/Stable and J-1+ on PayPay Card

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

JCR Assigned A Rating to Bonds of UBE Corporation

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Assigned A+ Rating to Bonds of MINEBEA MITSUMI

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Assigned AA Rating to Bonds of Mitsui Fudosan Logistics Park

JCR Assigned Preliminary J-1 to eDirect Trust N1

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to Class A Beneficial Interest 202301

JCR Assigned AA- to Ascent Finance Limited Series 2022-1060

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (I Hospital)

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (R Hospital)

JCR Provided a Third Party Opinion to Sustainability Linked Loan and Assigned Social 1 to Social Loan of Kids Corporation Holdings

JCR Assigned Green 1(F) to Green Finance Framework of Samty Residential Investment

Nov. 17, 2022

JCR Affirmed A+/Stable Long-term Issuer Rating on K'S HD

JCR Affirmed A+/Stable Long-term Issuer Rating on YAMADA HD

JCR Affirmed AA/Stable Long-term Issuer Rating on Shinkin Securities

JCR Assigned AA Rating to Bonds of NIDEC

JCR Assigned Green 1(F) to Green Finance Framework of Mitsui Fudosan Private REIT

Nov. 16, 2022

JCR Upgraded Long-term Issuer Rating on SUMCO to A/Stable; Affirmed J-1 on CP

JCR Affirmed A and J-1 on TAIHEIYO CEMENT; Revised Outlook to Stable

JCR Affirmed A-/Stable and J-1 on KROSAKI HARIMA

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

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned AA Rating to Bonds of Japan Metropolitan Fund Investment Corporation

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 22-11

Nov. 15, 2022

JCR Upgraded Long-term Issuer Rating on TIS and INTEC to A+/Stable

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

JCR Affirmed A+/Stable and J-1 on SUMITOMO CHEMICAL

JCR Affirmed A-/Stable Long-term Issuer Rating on Takeda Healthcare Foundation

JCR Affirmed BBB+/Stable Long-term Issuer Rating on TOKYO RAKUTENCHI

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

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (P Hospital)

Nov. 14, 2022

Daio Paper Revises Downward its Earnings Forecast for the Fiscal Year Ending March 31, 2023 - No Immediate Impact on Rating, but JCR Will Watch Road to Recovery

JCR Affirmed A/Stable Long-term Issuer Rating on OSAKA STEEL

JCR Affirmed A+/Stable Long-term Issuer Rating on NIPPON STEEL ENGINEERING

JCR Affirmed A+/Stable FC Long-term Issuer Rating on Banco Santander-Chile

JCR Assigned AA- Rating to Ascent Finance Limited Series 2022-1063

JCR Assigned AA- Rating to Ascent Finance Limited Series 2022-1064

Nov. 11, 2022

Seven & i Holdings Transfers Shares in Sogo & Seibu - No Immediate Impact on Rating

JCR Upgraded Ratings on Thailand to A/A+ (FC/LC) with Stable Outlook

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

JCR Affirmed A+/Stable and J-1 on NIPPON STEEL TEXENG

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