News Release

Jul. 21, 2022

JCR Affirmed A on CS Mega Solar Green Project Bond Trust 1 Beneficial Interest and Trust ABL

JCR Affirmed A on Canadian Solar Green Project Bond Trust (Yamaguchi) Beneficial Interest and Trust ABL

JCR Affirmed BBB+ on Canadian Solar Dual Tenor Green Project Bond Trust (Ibaraki/Hiroshima) Beneficial Interest and Trust ABL

Jul. 20, 2022

Impact of Introduction of Economic Value-Based Solvency Regulation on Insurance Companies

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on Fukuoka REIT Corporation

JCR Upgraded Sylph Limited Series 10144 and 10150 to A-

JCR Upgraded Cypher Limited Series 10029 to A-

JCR Withdraws A+/Stable Long-term Issuer Rating on MAEDA

Jul. 19, 2022

Decrease in Maximum Amount of EMTN Program of Nomura Europe Finance and Increase in Maximum Amount of EMTN Program of Nomura Global Finance; Affirmed AA-

JCR Affirmed BBB+/Stable Long-term Issuer Rating on FUJIKURA KASEI

JCR Assigned AA to Libra A Limited Series C005

Jul. 15, 2022

JCR Assigned A-/Stable Long-term Issuer Rating to Hanwha Q CELLS Japan

JCR Upgraded FC Long-term Issuer Rating on Quebec to AAA/Stable

JCR Affirmed AAA/Stable (FC/LC) on Denmark

JCR Assigned A+ to Bonds (Tier 2 loss absorption) of MUFG

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

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

JCR Reviewed Meiji HDGs' 10th Bonds (Sustainablity Bonds) Alignment to Sustainability Finance Framework

Jul. 14, 2022

JCR Upgraded Long-term Issuer Rating on SBI SECURITIES to A/Stable

JCR Upgraded Long-term Issuer Rating on SBI FinTech Solutions to BBB+/Stable

JCR Affirmed A- Long-term Issuer Rating on Shinsei Bank; Revised Outlook to Positive

JCR Affirmed A- Long-term Issuer Rating on Shinsei Securities; Revised Outlook to Positive

JCR Affirmed A- and J-1 on Showa Leasing; Revised Outlook to Positive

JCR Affirmed A-/Stable and J-1 on NIPPON STEEL KOWA REAL ESTATE

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Affirmed A+ on Notes of Man GPM US Residential Debt Fund

Jul. 13, 2022

JCR Solicits Public Comments on Rating Methodology for Group Companies of Corporate Group

JCR Affirmed AA-/Stable and J-1+ on Suntory HD

JCR Affirmed AA-/Stable and J-1+ on Suntory Beverage & Food

JCR Affirmed Ap/Stable Long-term Issuer Rating on TOYO INK SC HD

JCR Assigned AAA Rating to Bonds of Tokyo Metro

[ Asset Securitization Products ] JCR Affirmed BBB on ABL 21-04

Jul. 12, 2022

JCR Upgraded Long-term Issuer Rating on Daiei Real Estate & Development to BBB+/Stable; Affirmed J-2 on CP

JCR Downgraded Rating on UNIZO HD to #B+/Negative; Maintains Credit Monitor

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

JCR Assigned Preliminary A+ Rating to Shelf Registration of NICHIREI

Jul. 11, 2022

French Government Showed Intension to Nationalize EDF - Positive Factor for Rating If Nationalization Is Realized

JCR Affirmed BBB Long-term Issuer Rating on ISHIHARA SANGYO; Revised Outlook to Positive

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

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

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

JCR provided a third party opinion on Green Finance/Social Finance/Sustainability Finance Framework by SHOKO CHUKIN BANK

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

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

Jul. 08, 2022

JCR Affirmed A- and J-1 on Mitsui Mining and Smelting; Revised Outlook to Positive

JCR Affirmed AA Long-term Issuer Rating on DAIKIN INDUSTRIES; Revised Outlook to Positive

JCR Affirmed BB+ and J-3 on Nippon Sheet Glass; Revised Outlook to Stable

JCR Affirmed A/Stable and J-1 on DIC

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

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

JCR Withdraws FC Long-term Issuer Rating, Rating on Bonds/MTN program of Credito Real

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Assigned AA Rating to Bonds of Kansai Electric Power

JCR Assigned AA Rating to Bonds of Mitsui Fudosan

JCR Assigned A Rating to Bonds of Kawasaki Heavy Industries

JCR Assigned AA Rating to Bonds of Keio

JCR Assigned BBB+ Rating to Bonds of GREE

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Trust Bank

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Sumitomo Mitsui Trust Bank to MinebeaMitsumi

JCR Assigned Green 1 to Long Term Loan Borrowed by NIKON

Jul. 07, 2022

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned Preliminary A- Rating to Shelf Registration of Kobe Steel

[ Asset Securitization Products ] JCR Assigned A- to Earls Four Limited Series 1081

Jul. 06, 2022

JCR Affirmed A-/Stable FC Long-term Issuer Rating on CPI Property Group

JCR Affirmed BBB+/Stable on Cantor Fitzgerald (FC/LC), BGC Partners (FC/LC) and NEWMARK GROUP(FC)

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Assigned AA Rating to Bonds of NIDEC

JCR Assigned Preliminary A to Shelf Registration of Sumitomo Riko

Jul. 05, 2022

JCR's Rating Review of Money Market Brokers

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

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned AA Rating to Bonds of Kenedix Office Investment Corporation

JCR Upgraded Ganymede Limited Series 2020-70 to AA-

JCR Upgraded Ganymede Limited Series 2020-76 to AA-

[ Asset Securitization Products ] JCR Upgraded Ganymede Limited Series 2021-2, 2021-111 and 2021-125 to AA-

[ Asset Securitization Products ] JCR Upgraded Ganymede Limited Series 2021-179 to AA-

[ Asset Securitization Products ] JCR Upgraded Jupiter Capital Limited Series 2018-11 to AA-

[ Asset Securitization Products ] JCR Upgraded Sumitomo Mitsui Trust Bank Credit Linked Loan 2018-1 to AA-

Jul. 04, 2022

JCR Affirmed AAA/Stable (FC/LC) on Singapore

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

[ Asset Securitization Products ] JCR Upgraded Class B Beneficial Interest of Jupiter Investment Purpose Condominium Loan Backed Beneficial Interests 2013 to A; Affirmed AAA on Class A

[ Asset Securitization Products ] JCR Upgraded Class B Beneficial Interest of Sakura Investment Purpose Condominium Loan Securitization Series 1 to A; Affirmed AAA on Class A

Jul. 01, 2022

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

JCR Affirmed A/Stable and J-1 on PENTA-OCEAN CONSTRUCTION

JCR Affirmed A+/Stable Long-term Issuer Rating on NIPPON REIT Investment Corporation

JCR Affirmed AA-/Stable (FC) and AA/Stable (LC) on China

JCR Assigned AA- Rating to Bonds of SOSiLA Logistics REIT

JCR Assigned Preliminary AA+ Rating to Shelf Registration of NTT DATA

[ Asset Securitization Products ] JCR Affirmed AAA on Grass Park Beneficial Interest Series 2

[ Asset Securitization Products ] JCR Affirmed AAA on Grass Park Beneficial Interest Series 3

[ Asset Securitization Products ] JCR Affirmed AAA on Grass Park Beneficial Interest Series 4

[ Asset Securitization Products ] JCR Upgraded Triangulum Occident to A

JCR Affirmed AA- on Kai Limited Series 25

[ Asset Securitization Products ] JCR Affirmed AA- on Cypher Limited Series 439

[ Asset Securitization Products ] JCR Affirmed A on Cypher Limited Series 486

JCR Affirmed AA- on Sylph Limited Series 60014

JCR Affirmed AA- on Sylph Limited Series 60016