News Release

Mar. 11, 2022

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to Ichishi Seikou Denki

Mar. 10, 2022

JCR Affirmed A/Stable Long-term Issuer Rating on Enex Infrastructure Investment Corporation

JCR Affirmed A+/Negative Long-term Issuer Rating on J. FRONT RETAILING; Assigned Preliminary A+ to Shelf Registration

JCR Assigned Preliminary AA- Rating to Shelf Registration of TOKYU

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to Daiwatech

JCR Assigned Social 1(F) to Social Finance Framework of Japan Entertainment

Mar. 09, 2022

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

JCR Affirmed BBB+ Long-term Issuer Rating on Asahi Mutual Life Insurance; Revised Outlook to Positive

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

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

JCR Assigned BB+ Rating to Subordinated Loan of UACJ

JCR Provided a Third Party Opinion to Positive Impact Finance provided by 33 Bank to Kitamuragumi

Mar. 08, 2022

JCR Affirmed AA Long-term Issuer Rating on Nippon Prologis REIT; Revised Outlook to Positive

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

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

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

[ Asset Securitization Products ] JCR Affirmed BBB+ and BBB- on Specified Bonds 19-12

[ Asset Securitization Products ] JCR Affirmed AA- on Ascent Finance Limited Series 2020-1069

[ Asset Securitization Products ] JCR Affirmed AA- on Ascent Finance Limited Series 2021-1001

JCR Affirmed AA- on Ascent Finance Limited Series 2021-1005

Mar. 07, 2022

JCR Affirmed A+/Stable and J-1 on JGC HOLDINGS

JCR Affirmed AA-/Stable and J-1+ on Mitsubishi Heavy Industries

Mar. 04, 2022

JCR Downgraded Rating on Russian Federation to #B+/Negative; Maintains Credit Monitor

JCR Assigned A/Stable Long-term Issuer Rating to Daiwabo HD

JCR Assigned A-/Stable FC Long-term Issuer Rating to CPF (Thailand)

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

Increase in CP Maximum Amount of Rakuten Card; Affirmed J-1

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

JCR Assigned A Rating to Bonds of TEPCO Renewable Power

JCR Assigned A+ Rating to Subordinated Bonds of Kansai Electric Power

JCR Assigned AA Rating to Bonds of DAIKIN INDUSTRIES

Mar. 03, 2022

JCR Affirmed BBB Long-term Issuer Rating on NIPPON CHEMI-CON; Revised Outlook to Stable

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

Mar. 02, 2022

JCR Affirmed A Long-term Issuer Rating on Nippon Paper Industries; Revised Outlook to Negative

Mar. 01, 2022

JCR Placed Rating on Russian Federation under Credit Monitor #BBB/Negative

JCR Removed Credit Monitor; Upgraded Rating on FUJI to A-; Placed Stable Outlook

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

JCR Affirmed AAA/Stable Long-term Issuer Rating on NIPPON TELEGRAPH AND TELEPHON

JCR Affirmed AAAp/Stable and J-1+ on East Japan Railway

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

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

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

Feb. 28, 2022

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

JCR Affirmed AA/Stable Long-term Issuer Rating on FAST RETAILING

JCR Affirmed AA+/Stable and J-1+ on Master Trust Bank of Japan

JCR Affirmed AA+/Stable and J-1+ on Custody Bank of Japan

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 Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to Open House Group

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

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

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

JCR Reviewed Sustainability Finance Framework of AEON REIT Investment Corporation

Feb. 25, 2022

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Advance Residence Investment Corporation

JCR Assigned A- Rating to Bonds of KANEMATSU

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

JCR Assigned Preliminary AA- Rating to Shelf Registration of Tokyo Century

[ Asset Securitization Products ] JCR Assigned A to Ascent Finance Limited Series 2022-1006

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 22-02

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 22-02

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 22-02 (D Hospital)

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Hachijuni Bank to Nagano Electric Railway

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by The Norinchukin Bank to Mitsubishi Estate Logistics REIT Investment

JCR Assigned SU 1(F) to Sustainability Bond Framework of SUMITOMO MITSUI CONSTRUCTION

JCR Reviewed Bonds no.15 Issued by Nomura Real Estate Holdings

JCR Reviewed the 30th Private Placement Bonds Issued by Daiwatech

JCR Reviewed GL no.1 Loan Borrowed by DREAM Private REIT

JCR Reviewed Green Trust Beneficiary Rights of DREAM Private REIT

Feb. 24, 2022

JCR Assigned A-/Stable and J-1 to ASAHI SHINKIN BANK

JCR Upgraded MEIDENSHA to A-/Stable and J-1

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

JCR Affirmed A/Stable and J-1 on TOYOBO

JCR Affirmed A/Stable Long-term Issuer Rating on JAPAN WOOL TEXTILE

JCR Affirmed A/Stable (FC/LC) on Portuguese Republic

JCR Assigned BBB Rating to Subordinated Loan of Yasuda Logistics

JCR Assigned Social 1 to Long-term Loan Borrowed by Yasuda Logistics

[ Asset Securitization Products ] JCR Assigned A to Commitment Line of Trust ABCL (3932181)

Feb. 22, 2022

JCR Affirmed A+ and J-1 on MINEBEA MITSUMI; Revised Outlook to Positive

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

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

JCR Affirmed A/Stable Long-term Issuer Rating on United Super Markets Holdings

JCR Affirmed A/Stable Long-term Issuer Rating on AEON Mall

JCR Affirmed A-/Stable and J-1 on AEON KYUSHU

JCR Affirmed A/Stable and J-1 on AEON Financial Service

JCR Affirmed A-/Stable and J-1 on AEON Product Finance

JCR Affirmed A-/Stable and J-1 on AEON Housing Loan Service

JCR Affirmed A-/Stable FC Long-term Issuer Rating on AEON Thana Sinsap (Thailand)

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

JCR Affirmed A/Stable Long-term Issuer Rating on Hoshino Resorts REIT

JCR Assigned A Rating to Bonds of Japan Airlines

JCR Assigned A- Rating to Bonds of NEC Capital Solutions

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 22-02

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to Hulic Reit

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

JCR Assigned SU 1(F) to Sustainability Finance Framework of Hulic Reit

Feb. 21, 2022

Sharp Begins Discussions to Make SDP a Wholly-Owned Subsidiary - Negative for Rating if Realized

EDF Unveiled Its Action Plan to Strengthen Its Financial Structure - Support Measures Including Rights Issue Provided by French Government Will Be Positive Factors for the Ratings

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

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