News Release

May. 14, 2021

JCR Assigned Preliminary AA- Rating to Shelf Registration of Odakyu Electric Railway

JCR Assigned Preliminary A- to Canadian Solar Dual Tenor Green Project Bond Trust (Fukuoka) Beneficial Interest and Trust ABL

[ Asset Securitization Products ] JCR Affirmed AAA, BBB and A on MMJ Mortgage Trust II Senior Beneficial Interest and ABL

May. 13, 2021

JCR Assigned AA Rating to Bonds of Sekisui House Reit

May. 12, 2021

JCR Affirmed A+, A-, Preliminary A+ and J-1 on Hulic; Revised Outlook from Stable to Positive

JCR Assigned Preliminary A Rating to Subordinated Bonds of ENEOS Holdings

JCR Assigned Preliminary AA- Rating to Shelf Registration of ENEOS Holdings

JCR Assigned Preliminary A Rating to Shelf Registration of SCSK

JCR Affirmed A-/Stable (FC) and A/Stable (LC) on Republic of Peru

JCR Provided Third-Party Opinions on the Positive Impact Finance Evaluation and Impact Management and Impact Assessment Provided by Sumitomo Mitsui Trust Bank to Anchor Ship Partners and Anchor’s fifth funds

May. 11, 2021

JCR Assigned AA- Rating to Subordinated Loan of Nippon Life Insurance

JCR Assigned AA- Rating to Bonds of Nissay 6th Subordinated Loan Securitization Company Limited

May. 10, 2021

Two Major Airlines Announce FY2020 Results - Trends in Future Business Recovery to Be Closely Watched

JCR Assigned Preliminary A Rating to Subordinated Bonds of JFE Holdings

JCR Affirmed AA+/Stable and AA+ on Nippon Building Fund

May. 07, 2021

JCR Affirmed A+/Stable Long-term Issuer Rating on Bank of Okinawa

JCR Affirmed A/Stable Long-term Issuer Rating on Bank of The Ryukyus
JCR Affirmed A-/Stable Long-term Issuer Rating on Okinawa Credit Service
JCR Affirmed A-/Stable Long-term Issuer Rating on Ryukyu Leasing

May. 06, 2021

JCR's Ratings on San ju San Bank

Apr. 30, 2021

JCR Affirmed AA/Stable and AA- on Gunma Bank

JCR Assigned Preliminary BBB+ to TRIBAY Low-voltage Green Project Bond Trust Beneficial Interest and Trust ABL

[ Asset Securitization Products ] JCR Assigned BBB to ABL 21-04

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to Grass Park Beneficial Interest Series 5

[ Asset Securitization Products ] JCR Assigned AAA Ratings to Grass Park Beneficial Interest Series 4

JCR Withdraws AA-/Stable Long-term Issuer Rating on Kansai Mirai Financial Group

Apr. 28, 2021

JCR Assigned AA- Rating to Bonds of Sumitomo Realty & Development

JCR Affirmed A+/Stable Long-term Issuer Rating on MIZUHO Leasing
JCR Affirmed A+/Stable and J-1 on Mizuho-Toshiba Leasing
JCR Affirmed A+/Stable and J-1 on Mizuho Marubeni Leasing; Increase in CP Maximum Amount

JCR Affirmed A Rating on One REIT; Revised Outlook from Stable to Positive

JCR Affirmed AA-/Stable Long-term Issuer Rating on LJPFGK

[ Asset Securitization Products ] JCR Reviewed Ratings on Beneficial Interest 202007 (Contract No. 210252)

[ Asset Securitization Products ] JCR Affirmed AAA and BBB- on Toyonosato Senior Beneficial Interest, Other Beneficial Interest and ABL

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 21-04 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 21-04

Apr. 27, 2021

JCR Assigned J-1+ Rating to CP of Sumitomo Warehouse

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Affirmed A-/Stable, A- and J-1 on SAPPORO HOLDINGS

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

JCR Affirmed AA/Stable and AA on FAST RETAILING

JCR Affirmed A/Stable Long-term Issuer Rating on Miyazaki Bank

JCR Assigned AA- to Oxygen Capital Limited Series 142

Apr. 26, 2021

JCR Assigned BBB+ Rating to Bonds Issued by Cantor Fitzgerald

JCR Affirmed A-/A (FC/LC) Ratings on Thailand with Stable Outlook

JCR Affirmed AA-/Stable and AA- on Comforia Residential REIT

Apr. 23, 2021

JCR Assigned A+ Rating to Bonds of Mortgage Corporation of Japan

JCR Affirmed A- Rating on Samty Residential Investment Corporation; Revised Outlook from Stable to Positive

JCR Affirmed J-1 Rating on CP of Sumitomo Bakelite; Increase in CP Maximum Amount

JCR Affirmed A+/Stable and A+ on EXEDY

JCR Affirmed A+/Stable, A+ and Preliminary A+ on YOKOHAMA MINATOMIRAI RAILWAY

JCR Affirmed AA-/Stable and J-1+ on JAPAN SECURITIES FINANCE

JCR Affirmed A+/Stable and J-1+ on JSF Trust and Banking

Apr. 22, 2021

JCR Assigned A to Bonds of Ichigo Office REIT Investment Corporation

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

JCR Affirmed A+/Negative, A+ and J-1 on Takashimaya

Apr. 21, 2021

JCR Assigned BBB Rating to Subordinated Bonds of Mitsui O.S.K. Lines

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

JCR Assigned BBB+ Rating to Bonds Issued by Cantor Fitzgerald

JCR Assigned AA- Rating to Bonds of Daiwa Securities Living Investment Corporation

JCR Affirmed AA-/Stable Long-term Issuer Rating on Kokushikan

Apr. 20, 2021

JCR Assigned BBB+ Rating to Bonds of NIPPON THOMPSON

JCR Assigned AA- Rating to Bonds of Tokyo Century

JCR Assigned AA Rating to Bonds of Japan Logistics Fund

JCR Assigned AA- Rating to Bonds of NTT UD REIT Investment Corporation

JCR's Rating Review of City Gas Companies

JCR Affirmed A/Stable and J-1 on KAGOME

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 21-04 (F Hospital)

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 21-04

JCR Affirmed AA- on Neon Capital Limited Series 707 and 714

Apr. 19, 2021

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

JCR Affirmed A-/Stable Foreign Currency Long-term Issuer Rating on Hanwha Energy Corporation

JCR Affirmed AA/Stable Long-term Issur Rating and Ability to Pay Insurance Claims on SECOM GENERAL INSURANCE

JCR Removed Credit Monitor; Rating on SHOKO Downgraded from #J-2/Negative to J-3 and Withdrawn

Apr. 16, 2021

Cessation of LIBOR Publication and Existing Hybrid Securities - Lack of Fallback Provisions Basically Does Not Affect Assessment of Equity Content

Invesco Office J-REIT Reserves Statement of Opinion for the Tender Offer by Starwood Capital Group for Investment Units - JCR Will Monitor the Outcome and Impact on Rating

JCR Assigned BBB+ Rating to Subordinated Notes of Rakuten Group

JCR Assigned AA- Rating to Bonds of Meiji Holdings

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

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

Apr. 15, 2021

CPI Property Group to Acquire Remaining Shares of Globalworth - No Immediate Impact on Rating

JCR's Ratings on Bonds Nos. 540 and 541 of Kansai Electric Power

JCR Assigned AAA Rating to Bonds of African Development Bank

JCR Affirmed A/Stable Long-term Issuer Rating on J. F. Oberlin University and Affiliated Schools

JCR Affirmed AA-/Stable and AA- on Hankyu Hanshin REIT

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 21-04

[ Asset Securitization Products ] JCR Assigned A to Cypher Limited Series 486

Apr. 14, 2021

JCR Assigned A+ Rating to Bonds of Fuyo General Lease

JCR Affirmed BBB+/Stable and BBB+ on NIPPON THOMPSON

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

[ Asset Securitization Products ] JCR Assigned BBB+ to ABL 20-09

Apr. 13, 2021

JCR Assigned A+ Rating to Bonds of Marubeni

JCR Affirmed A-/Stable Long-term Issuer Rating on Nittetsu Mining

JCR Assigned Preliminary AA Rating to Shelf Registration of Mitsui Fudosan

JCR Affirmed AA/Stable, AA- and Preliminary AA on Concordia Financial Group
JCR Affirmed AA/Stable Long-term Issuer Rating on Bank of Yokohama
JCR Affirmed AA/Stable Long-term Issuer Rating on Higashi-Nippon Bank

JCR Assigned SU 1(F) to Sustainability Bond Framework of J.FRONT RETAILING

JCR Assigned SU 1 (Preliminary Evaluation) to the Sustainability Bonds Issued by J.FRONT RETAILING

Apr. 12, 2021

JCR Assigned Preliminary BBB+ Rating to Subordinated Bonds of Rakuten Group

JCR Assigned A+ Rating to Bonds of Aflac Incorporated

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Affirmed BBB+ Rating on ARATA; Revised Outlook from Stable to Positive

JCR Affirmed J-1 Rating on CP of MITSUBISHI MATERIALS; Increase in CP Maximum Amount