News Release

Dec. 09, 2022

JCR Assigned AA Rating to Bonds of Daiwa House REIT Investment Corporation

JCR Assigned Preliminary A- Rating to Shelf Registration of IHI

JCR Affirmed BBB+ on TRIBAY Low Voltage Solar Power Green Project Bond Trust Trust ABL

JCR Assigned Social 1(F) to Social Finance Framework of Daiwa ACA・Health Care Investment Limited Partnership

JCR Assigned SU 1(F) to Sustainability Finance Framework of RICOH LEASING

Dec. 08, 2022

JCR Upgraded Long-term Issuer Rating on Shinkin Guarantee Fund to AA-/Stable

JCR Affirmed AA-/Stable FC Long-term Issuer Rating on KKR & Co.
JCR Affirmed AA- on Bonds of KKR Group Finance Co. IV
JCR Affirmed AA- on Bonds of KKR Group Finance Co. XI

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

JCR Assigned AAA Rating to Bonds of African Development Bank

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Hachijuni Bank to Mealcare

Dec. 07, 2022

JCR Affirmed J-1 Rating on CP of T&D Lease

JCR Assigned A+ Rating to Bonds of THK

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned BBB+ Rating to Bonds of AIFUL

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned Preliminary AA Rating to Shelf Registration of Seven & i HD

Dec. 06, 2022

JCR Assigned A- Rating to Bonds (Tier 1 with loss absorption clause) of Sumitomo Mitsui Financial Group

JCR Assigned AA- Rating to Bonds of HEIWA REAL ESTATE REIT

Dec. 05, 2022

Chugoku Electric Power Revised Forecasts of Financial Results for FY Ending March 2023 - No Immediate Impact on Rating, but Downward Pressure Will Strengthen

JCR Upgraded Long-term Issuer Rating on T&D Insurance Group to AA/Stable

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Restar HD

JCR Affirmed AAA/Stable Long-term Issuer Rating on Development Bank of Japan

Dec. 02, 2022

JCR Assigned A-/Stable Long-term Issuer Rating to GMO internet group

JCR Upgraded Long-term Issuer Rating on Nishi-Nippon Financial HD to A+/Stable
JCR Upgraded Long-term Issuer Rating on NISHI-NIPPON CITY BANK to A+/Stable

JCR Upgraded Long-term Issuer Rating on KYUSHU LEASING SERVICE to A/Stable

JCR Affirmed BBB/Stable FC Long-term Issuer Rating on Indomarco Prismatama

JCR Assigned BBB+ Rating to Bonds of Kintetsu Group HD

JCR Assigned AA- Rating to Bonds of SAIBU GAS HD

JCR Assigned AA Rating to Bonds of SONY GROUP

JCR Assigned A Rating to Bonds of Morinaga

JCR Assigned A- Rating to Bonds of Renault

JCR Assigned A Rating to Bonds of Rakuten Card

JCR Assigned AA+ Rating to Bonds of NEW KANSAI INTERNATIONAL AIRPORT

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

Dec. 01, 2022

Revision of "Rating Methodology for Assessment of Hybrid Securities' Equity Content"

Revisions to Equity Content Assessments Associated with Revision of "Rating Methodology for Assessment of Hybrid Securities' Equity Content"

JCR Affirmed BBB+ Long-term Issuer Rating on Starzen; Revised Outlook to Positive

JCR Affirmed BBB/Stable Long-term Issuer Rating on Mitsubishi Steel Mfg.

JCR Assigned AA Rating to Bonds of ASAHI KASEI

JCR Assigned A- Rating to Bonds of SoftBank Group

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned Preliminary AA Rating to Shelf Registration of Keio

Nov. 30, 2022

JCR Assigned A-/Stable Long-term Issuer Rating to KPP GROUP HD; Affirmed J-1 on CP

JCR Affirmed BBB/Stable Long-term Issuer Rating on FTGroup

JCR Affirmed A/Stable Long-term Issuer Rating on FIRST BANK OF TOYAMA

JCR Assigned AA- Rating to Bonds of TOKYU

Highlights of Electric Power Companies' Financial Results for Second Quarter of Fiscal Year Ending March 2023

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

[ Asset Securitization Products ] JCR Assigned BBB- and BB+ to ABL 22-03 Senior and Junior Mezzanine Loan

[ 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