News Release

Feb. 17, 2023

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

JCR Provided a Third Party Opinion on Sustainability Linked Loan Conducted by Development Bank of Japan to SUMITOMO CHEMICAL

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Dousui Nakatani Suisan

Feb. 16, 2023

Rakuten Group’s FY2022 Results - Mobile Segment Far from Steady, Future Developments to Be Closely Watched

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

JCR Affirmed A Long-term Issuer Rating on NISSAN FINANCIAL SERVICES; Revised Outlook to Stable

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

JCR Assigned AA- to Sylph Limited Series 50742

JCR Assigned Green 1(F) to Green Finance Framework of NTT TC Leasing

Feb. 15, 2023

JCR Upgraded Long-term Issuer Rating on Hoshino Resorts REIT to A+/Stable

JCR Affirmed A Long-term Issuer Rating on OKAZAKI SHINKIN BANK; Revised Outlook to Negative

JCR Affirmed BBB/Stable Long-term Issuer Rating on Soken Chemical & Engineering

JCR Assigned AA Rating to Bonds (Tier 2 with loss absorption clause) of Shoko Chukin Bank

JCR Assigned Preliminary A+ Rating to Bonds (Tier 2 with loss absorption clause) of Sumitomo Mitsui Financial Group

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

[ Asset Securitization Products ] JCR Assigned A- to Ganymede Limited Series 2023-6

JCR Assigned AA- to Ascent Finance Limited Series 2023-1007

JCR Assigned SU 1(F) to Green / Social / Sustainability Bond Framework by The Shoko Chukin Bank

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

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

Feb. 14, 2023

JCR Affirmed A- Long-term Issuer Rating on Tosei Reit Investment Corporation; Revised Outlook to Positive

JCR Affirmed A+/Stable Long-term Issuer Rating on Kyoritsu Women's Educational Institution

JCR Affirmed A-/Stable and J-1 on MEIDENSHA

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

[ Asset Securitization Products ] JCR Affirmed AA on Oxygen Capital Limited Series 151

JCR Affirmed AA on Oxygen Capital Limited Series 86, Series 87, and Series 112

JCR Affirmed AA on Neon Capital Limited Series 707 and 714

Feb. 13, 2023

HOKUTO Revised Its Earnings Forecast Downward - No Immediate Impact on the Rating, but JCR Will Closely Monitor Future Earnings trends

JCR Assigned A/Stable Long-term Issuer Rating to ESR Japan REIT

JCR Assigned Social 1(F) to Social Finance Framework of Kanagawa Prefectural Housing Supply

Feb. 10, 2023

JCR Affirmed BBB- and J-2 on Financial Partners Group; Revised Outlook to Positive

JCR Affirmed A+/Stable and J-1 on ITO EN

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Seven & i HD
JCR Affirmed AA/Stable Long-term Issuer Rating on SEVEN-ELEVEN JAPAN

JCR Affirmed AAA/Stable Long-term Issuer Rating on National Institution for Academic Degrees and Quality Enhancement of Higher Education; Assigned AAA to Bonds

JCR Affirmed AA/Stable Long-term Issuer Rating on Nomura Real Estate Master Fund

JCR Assigned A- Rating to Bonds of Chuo-Nittochi Group

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Auto Service

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Provided a Third Party Opinion on Sustainability Linked Bond Framework of TOYOBO

JCR Assigned Social 1 to Bonds of National Institution for Academic Degrees and Quality Enhancement of Higher Education

Feb. 09, 2023

JCR Assigned A-/Stable Long-term Issuer Rating to Tokyo Shinkin Bank

JCR Affirmed AA/Stable Long-term Issuer Rating on Japan Metropolitan Fund Investment Corporation

[ Asset Securitization Products ] JCR Affirmed J-1 on ABL Program (Commitment Line) of Project Sunrise I Series 2022-1

Feb. 08, 2023

Sharp Revises FY2022 Earnings Forecasts; Operating Income in the Red, Ordinary and Net Income Undecided - Watch for Impact of Structural Reforms on Business Performance and Financial Position

JCR Upgraded Long-term Issuer Rating on SANKEI BUILDING to A+/Stable

JCR Affirmed AA/Stable Long-term Issuer Rating on Toyo University

JCR Affirmed BBB+/Stable Long-term Issuer Rating on NIPPON THOMPSON

JCR Assigned AA Rating to Bonds of MORI TRUST Sogo Reit

[ Asset Securitization Products ] JCR Assigned Preliminary A to Senior Beneficial Interest 7931601 Series 3

JCR Affirmed A+ on Nomura Trust and Banking Unsecured Trust Bonds No. 37

[ Asset Securitization Products ] JCR Affirmed A+ on Ganymede Limited Series 2021-180

[ Asset Securitization Products ] JCR Affirmed A on Ganymede Limited Series 2022-2

[ Asset Securitization Products ] JCR Affirmed AA- on Elva Funding PLC Series 2022-01

Feb. 07, 2023

JCR Upgraded Long-term Issuer Rating on Kyodo Housing Loan to AA-/Stable

JCR Assigned AA- Rating to Subordinated Bonds of Sompo Japan Insurance

[ Asset Securitization Products ] JCR Affirmed A- on 1st through 3rd Loan of ABL 20-09

Feb. 06, 2023

JCR Affirmed AA/Stable Long-term Issuer Rating on MORI TRUST Sogo Reit

Feb. 03, 2023

Sumitomo Electric Industries Announced TOB for Listed Consolidated Subsidiaries - No Immediate Impact on the Rating

JCR Affirmed BBB+/Stable Long-term Issuer Rating on RETAIL PARTNERS

JCR Affirmed BBB+/Stable (FC/LC) on Export-Import Bank of India

JCR Provided a Third Party Opinion to the Positive Impact Framework of The Nanto Bank

JCR Withdraws AA- Long-term Issuer Rating on Invesco Office J-REIT

Feb. 02, 2023

JCR Assigned AA/Stable Long-term Issuer Rating to Fukoku Mutual Life Insurance; Withdraws AAp/Stable

JCR Affirmed AAA/Stable Long-term Issuer Rating on Japan Finance Corporation

JCR Provided a Third Party Opinion to the Positive Impact Framework of The Shoko Chukin Bank

Feb. 01, 2023

JCR Upgraded Long-term Issuer Rating on ZENKOKU HOSHO to A/Stable

JCR Affirmed BBB (FC) and BBB+ (LC) on Romania; Revised Outlook to Stable

JCR Affirmed AA-/Stable and J-1+ on Daiwa Securities Living Investment Corporation

JCR Provided a Third Party Opinion on Sustainability Linked Loan of MUFG Private Reit

JCR Assigned Green 1(F) to Green Bond Framework of Asahi Group Holdings

JCR Withdraws A/Stable Long-term Issuer Rating on Takara Leben Infrastructure Fund

Jan. 31, 2023

NISSAN MOTOR Announced Statement on Alliance - JCR Will Watch for Realization of Synergies and Financial Impact

JCR Affirmed BBB/Stable Long-term Issuer Rating on NIPPON CHEMI-CON

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

JCR Assigned A Rating to Subordinated Loan of Hulic

JCR Assigned A Rating to Subordinated Loan of Suntory HD

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to obbligato 202302 Senior Beneficial Interest

[ Asset Securitization Products ] JCR Assigned J-1 to ABL Program (Commitment Line) of Project Sunrise I Series 2023-1

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

[ Asset Securitization Products ] JCR Assigned AAA, A and A- to Beneficial Interest 202301 (Contract No. 210315)

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Sanshin Metal Working

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Bank of Yokohama to NIKKO

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Joyo Bank to Glass Resourcing

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

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

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

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

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

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

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to Ajinomoto Co., Inc.

JCR Assigned Green 1 to Commitment Line by Netz Toyota Kobe

JCR Assigned Green 1 to Trust Beneficiary Rights 202301 (Contract No. 210315)

JCR Assigned Green 1 to Long-term Loan Borrowed by Nitto Kogyo

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

Jan. 30, 2023

JCR Upgraded Long-term Issuer Rating on Fukoku Mutual Life Insurance to AAp/Stable
JCR Upgraded Long-term Issuer Rating on Fukokushinrai Life Insurance to AA/Stable

JCR Affirmed AA/Stable on Capital Insurance