News Release

Oct. 06, 2022

JCR Affirmed A+ (FC/LC) on Slovak Republic; Revised Outlook to Negative

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

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

[ Asset Securitization Products ] JCR Affirmed A on Securitization of Leases Receivable 202108, 202201A, 202201 and 202207

[ Asset Securitization Products ] JCR Affirmed A on Securitization of Leases Receivable 202201

[ Asset Securitization Products ] JCR Affirmed A on Securitization of Leases Receivable 202204

[ Asset Securitization Products ] JCR Affirmed A on Securitization of Leases Receivable 202207

[ Asset Securitization Products ] JCR Affirmed A on Securitization of Leases Receivable 202110

[ Asset Securitization Products ] JCR Affirmed Preliminary A and Preliminary J-1 on Beneficial Interest and ABL of Take 2022-01

JCR Affirmed A on Ganymede Limited Series 2021-148

JCR Provided a Third Party Opinion to Positive Impact Framework for SMEs of Mizuho Bank

Oct. 05, 2022

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

JCR Affirmed A/Stable and J-1 on TSUBAKIMOTO CHAIN

JCR Affirmed BBB+/Stable Long-term Issuer Rating on FUTABA INDUSTRIAL

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

JCR Affirmed A on Kurimoto Mega Solar Green Project Bond Trust 2 Beneficial Interest and Trust ABL

Oct. 04, 2022

SUMITOMO CHEMICAL's Subsidiary Proposes to Make Myovant Sciences a Wholly-Owned Subsidiary - JCR Will Watch Future Developments and Impact on Group Performance and Finances

JCR Upgraded Rating on Showa Denko to A/Stable and Affirmed J-1; Assigned A/Stable to Showa Denko Materials

JCR's Rating Review of Blast Furnace Steel Manufacturers

JCR Affirmed BBB+/Stable Long-term Issuer Rating on ASAHI PRINTING

JCR Affirmed AA-/Stable and J-1+ on JERA

JCR Affirmed A/Negative and J-1 on Rakuten Group

JCR Affirmed A/Negative and J-1 on Rakuten Bank

JCR Affirmed A/Negative Long-term Issuer Rating on Rakuten General Insurance

JCR Affirmed A/Negative and J-1 on Rakuten Card

JCR Affirmed AA/Stable Long-term Issuer Rating on Activia Properties

JCR Assigned A- Rating to Subordinated Bonds of MORI BUILDING

Oct. 03, 2022

JCR Assigned AA/Stable to Iyogin HD; Affirmed AA/Stable on Iyo Bank

JCR Assigned A/Stable to Aichi Financial Group; Affirmed A/Stable on Aichi Bank; Removed Credit Monitor, Upgraded Rating on Chukyo Bank to A with Stable Outlook

JCR Upgraded Rating on CP of KPP GROUP HD to J-1

JCR Upgraded Rating on Takeda Pharmaceutical to AA-/Stable and J-1+

JCR Affirmed BBB Long-term Issuer Rating on KYORITSU MAINTENANCE; Revised Outlook to Stable

JCR Affirmed AA/Stable LT Issuer Rating on Shinkin Central Bank

JCR Affirmed AA Rating on EMTN Program of Mitsubishi HC Capital and Mitsubishi HC Finance America

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

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

Sep. 30, 2022

SEIBU HOLDINGS Revises Earnings Forecasts - JCR Values Progress in Asset Light Strategy and Continues Watching Demand Trends for Railways and Hotels

Tender Offer for Investment Units of Takara Leben Infrastructure Fund Is Commenced - No Impact on Rating, Outcome of TOB to Be Watched

JCR Removed Credit Monitor; Affirmed BBB+ and J-2 on DAIHO; Placed Stable Outlook

JCR Upgraded Rating on Sumitomo Mitsui Trust Panasonic Finance to AA-/Stable and J-1+; Assigned Preliminary AA- to Shelf Registration

JCR Upgraded Rating on Idemitsu Credit to A+/Stable; Affirmed J-1

JCR Upgraded Korea to AA/Stable (FC) and AA+/Stable (LC)

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

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

JCR Assigned A Rating to Bonds of Yasuda Real Estate

JCR Affirmed BBB+/Stable (FC/LC) on Indian Railway Finance Corporation

[ Asset Securitization Products ] JCR Assigned Preliminary A Rating to BEP Senior Beneficial Interest/ABL 202211

JCR Assigned AA- to Securitization of Leases Receivable from SB 202209

JCR Assigned AA- to Securitization of Loans Receivable from SB 202209

JCR Withdraws AA+/Stable Long-term Issuer Rating on University of Electro-Communications

JCR Provided a Third Party Opinion to Sustainability Linked Finance Framework and Assigned SU 1(F) to Sustainability Finance Framework of TOKYU

JCR Assigned Green 1(F) to Green Finance Framework of GUNZE

JCR Assigned SU 1(F) to Sustainability Finance Framework of Hoshino Resorts REIT

JCR Reviewed Transition Linked Finance Framework of Kawasaki Kisen

JCR Provided a Third Party Opinion to Sustainable Linked Loan Framework of The JVCKENWOOD

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by Sumitomo Mitsui Banking etc. to HEIWA REAL ESTATE

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Senshu Ikeda Bank to Shinwa Active

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to KONOIKE Co.

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to SUS

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to Kouno

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to TOMEI DRIVING SCHOOL

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to MATSUMOTO　KOGYO

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to Nihon Digicom

JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by Daiei Real Estate & Development

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Bank of Yokohama to MEIJI RUBBER & CHEMICAL

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

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

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

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Asahi sun clean

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to lease39

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Mizuho Bank to Tokyu Fudosan Holdings

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Bank of Kyoto to Yamada Chemical

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Bank of Kyoto to KOYO

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by MUFG Bank to Tokyo Century

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

JCR Provided a Third Party Opinion to Positive Impact Assessment Provided by Sumitomo Mitsui Trust Bank to TORIDOLL Holdings

Sep. 29, 2022

Hachijuni Bank Reached Basic Agreement with NAGANOBANK on Business Integration - Limited Impact on Hachijuni Bank's Rating

JCR Placed Rating on NAGANOBANK under Credit Monitor #BBB/Positive

JCR Upgraded Long-term Issuer Rating on NEC Capital Solutions to A/Stable; Affirmed J-1 on CP

JCR Affirmed BBB/Stable on GAKKEN HOLDINGS

JCR Assigned A+ Rating to Subordinated Loan of Chugoku Electric Power

[ Asset Securitization Products ] JCR Assigned BB+ and Preliminary BB+ to ABL 22-09-02

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 22-09 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 22-09

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 22-09

[ Asset Securitization Products ] JCR Assigned A+ to Oxygen Capital Limited Series 163

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

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Bank of Yokohama to JUST AUTOMOBILE LEASING

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

Sep. 28, 2022

SoftBank Group Purchases a Portion of Its U.S. Dollar Denominated Hybrid Notes - No Impact on Equity Content Evaluation or Creditworthiness

JCR Upgraded Ratings on POCKET CARD to AA-/Stable and J-1+

JCR Assigned J-1 Rating to CP of Mizuho Leasing

JCR Assigned BBB- Rating to Subordinated Loan of ZENSHO HD

[ Asset Securitization Products ] JCR Affirmed J-1+ on Monthly Clear Receivable Securitization ABL Program (Japan Securitization Corporation)

[ Asset Securitization Products ] JCR Assigned AAA to ABL 22-09

JCR Assigned AA- to SPIRE SA Series 2022-355