News Release

Jul. 05, 2021

JCR Affirmed A/Stable, A and Preliminary A on TOBU RAILWAY

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

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

JCR's Rating Review of Money Market Brokers

Jul. 02, 2021

Management Integration between FIDEA Holdings and TOHOKU BANK - Currently No Impact on Ratings

JCR Assigned AA-/Stable Long-term Issuer Rating to SC Realty Private REIT

JCR Removed Credit Monitor; Downgraded Rating on Seven & i Holdings from #AA+/Negative and Preliminary #AA+/Negative to AA and Preliminary AA; Placed Stable Outlook
JCR Removed Credit Monitor; Downgraded Rating on SEVEN-ELEVEN JAPAN from #AA+/Negative to AA; Placed Stable Outlook

JCR Upgraded Rating on Star Asia Investment Corporation from A-/Stable to A/Stable

JCR Assigned Preliminary AA-, A+ and A- to Mitsubishi UFJ Financial Group

JCR Assigned A- Rating to Bonds of Vena Energy Capital

JCR Assigned AA- Rating to Bonds of Suntory Beverage & Food

JCR Assigned Preliminary BBB Rating to Shelf Registration of COSMO ENERGY HOLDINGS

JCR Affirmed BBB and J-2 on Daiei Real Estate & Development; Revised Outlook from Stable to Positive

JCR's Rating Review of 4 Expressway Companies

JCR Provided a Third Party Opinion on Social Finance Framework by Tranzax

Jul. 01, 2021

JCR Assigned Preliminary A+ Rating to Shelf Registration of YOKOHAMA MINATOMIRAI RAILWAY

JCR Affirmed AA-/Stable, AA-, A and J-1+ on Suntory Holdings

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

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

JCR Assigned SU1(F) to Sustainability Finance Framework PART II of Tokyo Tatemono

Jun. 30, 2021

[ Asset Securitization Products ] JCR Affirmed A Rating on JETS International Five Limited Series 48

JCR Upgraded Rating on NEC from A/Positive to A+/Stable

JCR Assigned AA- Rating to Bonds of Comforia Residential REIT

JCR Affirmed J-1 Rating on CP of JA MITSUI LEASING; Increase in CP Maximum Amount

JCR Affirmed A/Stable and A on PERSOL HOLDINGS

[ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank A Corporation Bills & Electronically Recorded Receivables ABL 21-06

[ Asset Securitization Products ] JCR Assigned A Rating to ABL 21-06

JCR Assigned AA- to Securitization of Loans Receivable from SB 202106

JCR Assigned AA- to Securitization of Leases Receivable from SB 202106

Jun. 29, 2021

JCR Affirmed A- Rating on Takara Leben Real Estate Investment Corporation; Revised Outlook from Stable to Positive

JCR Assigned A- Rating to JPY Bonds of Renault

JCR Assigned Preliminary A Rating to Shelf Registration of Japan Airlines

Highlights of Major Analytical Instruments Manufacturers' Financial Results for Fiscal Year Ended December 2020/ March 2021

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 21-06 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 21-06

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 21-06

JCR Assigned Green 1(F) to Green Finance Framework of NIPPON REIT Investment Corporation

Jun. 28, 2021

JCR Assigned BBB/Stable Long-term Issuer Rating to FTGroup

JCR Removed Credit Monitor; Upgraded Rating on FUKUHO BANK from #BBB-/Positive to BBB; Placed Stable Outlook

JCR Assigned A Rating to Subordinated Loan of T&D Holdings

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

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

JCR Assigned Social 1 to Long-term Loan Borrowed by Dynamic Map Platform

Jun. 25, 2021

JCR Assigned AA Rating to Bonds of ORIX JREIT

JCR's Rating Review of Major Non-Life Insurance Companies

JCR Affirmed AAA/Stable Long-term Issuer Rating on Tokio Marine Holdings
JCR Affirmed AAA/Stable and J-1+ on Tokio Marine & Nichido Fire Insurance

JCR Affirmed AA+/Stable, AA- and J-1+ on Sompo Japan Insurance
JCR Upgraded Rating on SAISON AUTOMOBILE AND FIRE INSURANCE from AA/Stable to AA+/Stable

JCR Affirmed AA/Stable and A+ on MS&AD Insurance Group Holdings
JCR Affirmed AA+/Stable and J-1+ on Mitsui Sumitomo Insurance
JCR Affirmed AA+/Stable and J-1+ on Aioi Nissay Dowa Insurance

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

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

JCR Affirmed BBB/Negative (FC) and BBB+/Negative (LC) on Romania

[ Asset Securitization Products ] JCR Assigned AAA and A+ to REIT2021-001 Beneficial Interest/ABL

[ Asset Securitization Products ] JCR Affirmed A on Nomura Trust Bank No. 72 Unsecured Trust Bonds

JCR Affirmed AA- on Oxygen Capital Limited Series 112

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Yokohama Kankyo Corporation

JCR Provided a Third Party Opinion to the Positive Impact Framework of Mizuho Bank and Mizuho Research & Technologies

Jun. 24, 2021

JCR Considering Commencement of Fund Portfolio Rating Operations; Public Comments Solicited on Rating Methodology

JCR Affirmed AA/Stable and AA on ORIX JREIT

JCR Assigned J-1+ to Specified Money Trust Beneficial Interest 2129054

[ Asset Securitization Products ] JCR Assigned AA- and BBB- to DFC Beneficiary Interest 202106

Jun. 23, 2021

JCR Assigned AAA Rating to Bonds of African Development Bank

Highlights of Supermarket Chain Operators' Financial Results for Fiscal Year Ended February/March 2021

JCR Assigned AA- to Elva Funding PLC Series 2021-11

Jun. 22, 2021

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Nippon Fine Chemical

Highlights of Major Telecom Companies' Financial Results for Fiscal Year Ended March 2021

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

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 21-06 (F Hospital)

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 21-06

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 21-06

Jun. 21, 2021

JCR Affirmed AA/Stable and AA on MORI HILLS REIT INVESTMENT CORPORATION

Highlights of General Trading Companies' Financial Results for Fiscal Year Ended March 2021

Jun. 18, 2021

Mitsubishi HC Capital's Acquisition of US Marine Container Leasing Company - No Impact on Rating

JCR Removed Credit Monitor; Downgraded Rating on H.I.S. from #BBB-/Negative to BB+; Placed Negative Outlook

JCR Assigned A Rating to Bonds of AEON Financial Service

[ Asset Securitization Products ] JCR Assigned BBB+ to ABL 21-06-02

Jun. 17, 2021

JCR Affirmed J-1 Rating on CP of Mortgage Corporation of Japan; Increase in CP Maximum Amount

JCR Affirmed A+ on Ganymede Limited Series 2020-70

JCR Affirmed A+ on Ganymede Limited Series 2020-76

Jun. 16, 2021

Highlights of Major Warehouse Companies' Financial Results for Fiscal Year Ended March 2021

Jun. 15, 2021

JCR Assigned A- Rating to Subordinated Bonds of Nishi-Nippon Railroad

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on San-in Godo Bank

Highlights of General Heavy Machinery Manufacturers' Financial Results for Fiscal Year Ended March 2021

JCR Assigned AA to SPIRE SA Series 2021-228

JCR Assigned Preliminary AA- to Securitization of Leases Receivable from SB 202106

JCR Assigned Preliminary AA- to Securitization of Loans Receivable from SB 202106

Jun. 14, 2021

JCR Assigned AA-/Stable Long-term Issuer Rating to Daiwa Residential Private Investment Corporation

JCR Affirmed A-/Stable and J-1 on SINANEN HOLDINGS

JCR Affirmed A on SGET Usa Mega Solar Power Station Project Beneficial Interest

JCR Affirmed A+ on ZEST Investments B Series 1502-B01

JCR Affirmed A+ on MASCOT II Limited Series 1501-01J

JCR Affirmed A+ on Mascot Investments Limited Series 1203-02

JCR Affirmed A+ on Mirach Limited Series 1904-03

JCR Affirmed A+ on Mirach Limited Series 2003-M02

JCR Affirmed A+ on Mirach Limited Series 2004-M01

JCR Affirmed A+ Rating on Spica Limited Series 2007-S03

JCR Affirmed A+ on Nomura Trust Bank Trust Bonds no. 203

Jun. 11, 2021

For Public Comments on Revision of Rating Methodology for Housing Loans

JCR Affirmed A+ Rating on HEIWA REAL ESTATE REIT; Revised Outlook from Stable to Positive

JCR Assigned A+ Rating to Bonds of Fuyo General Lease