News Release

Apr. 01, 2022

JCR Assigned AA to SPIRE SA Series 2022-41

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

JCR Withdraws A-/Stable Long-term Issuer Rating on SAITAMAKEN SHINKIN BANK

Mar. 31, 2022

JCR Downgraded FC Long-term Issuer Rating on Credito Real, S.A.B. de C.V., SOFOM, E.N.R. to LD

JCR Affirmed AA- Long-term Issuer Rating on Coca-Cola Bottlers Japan HD; Revised Outlook to Negative

JCR Affirmed A-/Stable Long-term Issuer Rating on Medical Corporation KEIAIKAI

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

Increase in CP Maximum Amount of Toyo Tire; Affirmed J-1

JCR Affirmed A-/Stable and J-1 on Orient Corporation

JCR Assigned BBB- Rating to Subordinated Loan of Hitachi Zosen

JCR Assigned A- to Ecology Trust Bond Ga 4th Fund Trust Bonds and Trust ABL

JCR Assigned AA- to Securitization of Leases Receivable from SB 202203

JCR Assigned AA- to Securitization of Loans Receivable from SB 202203

[ Asset Securitization Products ] JCR Assigned AAA to Class A Beneficial Interest 202203

JCR Reviewed Green Finance Framework of Hoshino Resorts

JCR Assigned Green 1 (Final Evaluation) to Long-term Loan Borrowed by Mitsubishi Electric Credit

JCR Assigned SU 1(F) to Sustainability Finance Framework of Proximar Seafood

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

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

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

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

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

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by Sumitomo Mitsui Banking to HOKUTO

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by MUFG Bank to HOKUTO

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by THE HACHIJUNI BANK to HOKUTO

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

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

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

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by 33 Bank to Okamoto Doseki Kougyo

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

Mar. 30, 2022

JCR Provided a Third Party Opinion on Sustainability Linked Bonds of DIC

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

JCR Affirmed A-/Stable Long-term Issuer Rating on Tokyo Kiraboshi Financial Group
JCR Affirmed A-/Stable Long-term Issuer Rating on Kiraboshi Bank

JCR Assigned Preliminary A+ Rating to Shelf Registration of Denka

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 22-03 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 22-03

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 22-03

[ Asset Securitization Products ] JCR Assigned A- to Cypher Limited Series 521

JCR Assigned SU 1(F) to Sustainability Bond Framework of Osaka University

JCR Assigned Green 1(F) to Green Finance Framework of Broadia Private REIT

JCR Assigned Social 1 to Long-term Loan Borrowed by Tesshokai

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Fuyo General Lease

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

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Taki Souko

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Dai-ichi Metal Industry

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Hainan

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to MARUICHIKASEI

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Yamauti Shouten

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to NOBLE Electronic Industry

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Fuji Ceramics

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Ipaxiketani

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to SATOUKOUKI

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to AIKAWA Iron Works

Mar. 29, 2022

JCR Upgraded Long-term Issuer Rating on Mitsui DM Sugar HD to A/Stable; Affirmed J-1 on CP

JCR Affirmed BBB+/Stable Long-term Issuer Rating on IINO KAIUN

JCR Affirmed AA+/Stable Long-term Issuer Rating on SECOM

JCR Affirmed AA-/Stable Long-term Issuer Rating on Maruichi Steel Tube

JCR Affirmed BBB+ and J-2 on MARUDAI FOOD; Revised Outlook to Negative

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Central American Bank for Economic Integration

JCR Affirmed AA-/Stable Long-term Issuer Rating on Invesco Office J-REIT

JCR Assigned BBB to BRS Mega Solar Project Bond Trust 1 Beneficial Interest and Trust ABL

[ Asset Securitization Products ] JCR Assigned A Rating to BEP Senior Beneficial Interest/ABL 202203

[ Asset Securitization Products ] JCR Affirmed BBB+ on JETS International Five Limited Series 176

[ Asset Securitization Products ] JCR Affirmed A on JETS International Five Limited Series 317

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Surugano Holdings

Mar. 28, 2022

Yokohama Rubber to Acquire Trelleborg Wheel Systems Holding AB - Synergy Creation and Financial Improvement Will Be Closely Watched

JCR Assigned Preliminary A Rating to Shelf Registration of POCKET CARD

JCR Assigned AA- to Ascent Finance Limited Series 2022-1009

JCR Conducted Evaluation of Conformity of the Bonds and Repo the Transactions Issued by Shinsei Bank to the Sustainability Finance Framework

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by THE SAN-IN GODO BANK to Earth support

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to Oki Electric Industry

JCR Assigned Green 1(T)(F) to Transition Bonds Framework of IHI

Mar. 25, 2022

JCR Placed Rating on DAIHO under Credit Monitor #BBB+/Negative and #J-2/Negative

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

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

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Frontier Real Estate Investment Corporation

[ Asset Securitization Products ] JCR Affirmed J-1 on Dispensing Fees Receivable ABL Program (Nanba Pharmacy)

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

JCR Provided a Third Party Opinion on Sustainability Linked Bonds Framework of Shiga Prefecture

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to ATSUMI KOGYOSHO

Mar. 24, 2022

TOSHIBA Group’s Strategic Reorganization Plan Rejected at Extraordinary General Meeting of Shareholders - Concerned about Prolonged Management Turmoil

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

JCR Assigned AA Rating to Bonds of Egypt

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

Mar. 23, 2022

JCR Upgraded FC Long-term Issuer Rating on America Movil to A+/Stable

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

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 22-03

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 22-03

JCR Assigned AA to Oxygen Capital Limited Series 174

Mar. 22, 2022

JCR Assigned Preliminary AA Rating to Bonds of Egypt

JCR Affirmed A- Long-term Issuer Rating on ZENKOKU HOSHO; Revised Outlook to Positive

JCR Affirmed BBB+/Stable Long-term Issuer Rating on EIKEN CHEMICAL

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

[ Asset Securitization Products ] JCR Affirmed BBB and BBB- on 2165004_Trust ABL & Beneficial Interest

JCR Assigned A to Sylph Limited Series 10174