News Release

Mar. 23, 2023

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 23-03

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by The Norinchukin Bank to Japan Real Estate Investment

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by MUFG Bank to Fuyo General Lease

Mar. 22, 2023

Rakuten Group's Consolidated Subsidiary Will be Newly Listed - Positive Financial Factors; JCR Will Continue to Watch Trend of Mobile Segment

JCR Assigned AA+/Stable and Preliminary AA+ to Sompo HD

JCR Affirmed BBB+/Stable Long-term Issuer Rating on EIKEN CHEMICAL

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

JCR Assigned Preliminary BBB- Rating to Subordinated Loan of ZENSHO HD

JCR Assigned AA to Libra A Limited Series C011

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 23-03

JCR Assigned Social 1(F) to Social Finance Framework of AIFUL

JCR Assigned Social 1 (Preliminary) to Bonds of Sompo Holdings

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Sendai Recycle Center

Mar. 20, 2023

JCR Upgraded Long-term Issuer Rating on Sony Bank to AA/Stable

JCR Affirmed BBB+/Stable Long-term Issuer Rating on TOHOKU BANK

JCR Assigned Preliminary J-1 to Power Trust Neo SoftBank Group

JCR Assigned BBB to Sylph Limited Series 10205

JCR Conducted Evaluation of Conformity of Bonds Issued by SBI Shinsei Bank to Sustainability Finance Framework

JCR Reviewed a Third Party Opinion on Transition Linked Finance Framework of Kawasaki Kisen

Mar. 17, 2023

JCR Assigned A+/Stable Long-term Issuer Rating to Tokyo Tatemono Private REIT

JCR Upgraded Long-term Issuer Rating on NTT DATA to AAA/Stable; Affirmed J-1+ on CP

JCR Upgraded Long-term Issuer Rating on SCREEN HD to A/Stable

JCR's Rating Review of General Construction Companies

JCR Affirmed AA-/Stable Long-term Issuer Rating on TAISEI

JCR Affirmed AA-/Stable Long-term Issuer Rating on OBAYASHI

JCR Affirmed AA-p/Stable Long-term Issuer Rating on SHIMIZU

JCR Affirmed A/Stable on Yodogawa Christian Hospital

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

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

JCR Reviewed Bonds no.33 Issued by Ricoh Leasing

JCR Reviewed Bonds no.38 Issued by Ricoh Leasing

Mar. 16, 2023

JCR Placed Rating on Sumitomo Mitsui Construction under Credit Monitor #A-/Negative

JCR Assigned A/Stable Long-term Issuer Rating to AEON

Change in CP Maximum Amount of Denka; Affirmed J-1

JCR Provided a Third Party Opinion to Positive Impact Assessment Provided by Sumitomo Mitsui Trust Bank to United Urban Investment

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

Mar. 15, 2023

JCR Affirmed A/Stable (FC) and A+/Stable (LC) on Poland

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 23-03

Mar. 14, 2023

JCR Affirmed AA Long-term Issuer Rating on FAST RETAILING; Revised Outlook to Positive

JCR Affirmed A+ Long-term Issuer Rating on Japan Hotel REIT Investment Corporation; Revised Outlook to Stable

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

JCR Affirmed AA/Stable Long-term Issuer Rating on DAIWA HOUSE INDUSTRY

Mar. 13, 2023

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Kenedix Office Investment Corporation

[ Asset Securitization Products ] JCR Downgraded JETS International Five Limited Series 48 to A-

Mar. 10, 2023

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Southern TOHOKU Social Welfare Foundation

JCR Affirmed A-/Positive Long-term Issuer Rating on Ehime Bank

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

JCR Affirmed A-/Stable (FC/LC) on Philippines

JCR Assigned AA- to Ascent Finance Limited Series 2023-1013

[ Asset Securitization Products ] JCR Downgraded Nomura Trust Bank No. 72 Unsecured Trust Bonds to A-

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to IHI

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by MUFG Bank to Mitsubishi Steel

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

JCR Reviewed Sustainability Finance Framework of ORIX Bank

JCR Assigned Green 1 to Long Term Loan Borrowed by Akasaka Diesels

Mar. 09, 2023

ASAHI KASEI Revised Earnings Forecast for FY2022 - Limited Impact on Rating

ANAHD Acquires NYK Subsidiary NCA - Limited Impact on Ratings of Both NYK and ANAHD

JCR Affirmed AA/Stable Long-term Issuer Rating on Daiwa Office Investment Corporation

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned A+ Rating to Bonds of HASEKO

JCR Assigned BBB+ Rating to Bonds of SBI FinTech Solutions

JCR Assigned Green 1 to Bonds of Kyushu Leasing Service

JCR Assigned Green 1(F) to Green Bond Framework of OSG

Mar. 08, 2023

JCR Downgraded Long-term Issuer Rating on Nippon Paper Industries to A-/Stable

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

JCR Affirmed A+/Positive and J-1 on MINEBEA MITSUMI

JCR Assigned A- Rating to Bonds of Central Glass

JCR Assigned AAA Rating to Bonds of NTT TC Leasing

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

JCR Provided a Third Party Opinion to Transition Linked Loan Framework of TAIHEIYO CEMENT

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to Chuo-Nittochi Private REIT

Mar. 07, 2023

JCR Upgraded Long-term Issuer Rating on Asahi Mutual Life Insurance to A-/Stable

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

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Fukui Bank

JCR Assigned A+ Rating to Bonds of Mitsubishi Chemical Group

[ Asset Securitization Products ] JCR Reviewed Beneficial Interest 202007 (Contract No. 210252), Beneficial Interest 202107 (Contract No. 210272), Beneficial Interest 202111 (Contract No. 210281), Beneficial Interest 202201 (Contract No. 210290) and Beneficial Interest 202208 (Contract No. 210299)

Mar. 06, 2023

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

JCR Assigned Preliminary AAA Rating to Shelf Registration of NTT FINANCE

Mar. 03, 2023

JCR Assigned AA-/Stable FC Long-term Issuer Rating to ESR Group

JCR Affirmed A+/Stable FC Long-term Issuer Rating on Aflac Incorporated
JCR Affirmed AA/Stable FC Long-term Issuer Rating on American Family Life Assurance Company of Columbus
JCR Affirmed AA/Stable Long-term Issuer Rating on Aflac Life Insurance Japan
JCR Affirmed AA/Stable FC Long-term Issuer Rating on Aflac Re Bermuda

JCR Affirmed AA+/Stable Long-term Issuer Rating on Kanagawa Prefectural Housing Supply Corporation

JCR Assigned BBB+ Rating to Bonds of Daiei Real Estate & Development

JCR Assigned A- Rating to Bonds of KPP GROUP HD

JCR Assigned A Rating to Bonds of Sumitomo Osaka Cement

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned A Rating to Bonds of TOYOBO

JCR Assigned AA- Rating to Bonds of NIPPON STEEL

JCR Assigned Green 1 to Bonds of Daiei Real Estate & Development

JCR Assigned Green 1 to Long Term Loan Borrowed by Looop

JCR Assigned SU 1(F) to Sustainabile Finance Framework by Sumitomo Mitsui Finance and Leasing

Mar. 02, 2023

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

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

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on Nissan Chemical

JCR Affirmed A+/Stable and J-1 on Pan Pacific International HD

JCR Affirmed A-/Stable and J-1 on MITSUBISHI MATERIALS

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

JCR Assigned AA- Rating to Bonds of Asahi Group HD

JCR Assigned A Rating to Subordinated Bonds of Suntory HD