News Release

Sep. 07, 2020

JCR Affirmed BBB Rating on KISOJI; Revised Outlook to Negative

JCR Assigned Pre. A- Rating to Subordinated Bonds of MORI BUILDING

JCR Assigned Pre. A+ Rating to Shelf Registration of MORI BUILDING

JCR Affirmed AA-/Stable, AA- and J-1+ on Mori Trust Holdings

JCR Affirmed AA on EMTN of ITOCHU and ITOCHU Treasury Centre Europe

JCR Affirmed A-/Stable, A-, Preliminary A- and J-1 on Sojitz

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

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

JCR Affirmed A/Stable, A, Preliminary A and J-1 on POCKET CARD

Sep. 04, 2020

JCR Assigned Green 1(F) to Green Bond Framework of Asahi Group Holdings

JCR Assigned Green 1(Final Evaluation) to the 7th and 8th Bonds Issued by Daiwa Office Investment Corporation

JCR Assigned AA Rating to Bonds of Daiwa Office Investment Corporation

JCR Assigned A Rating to Bonds of Anicom Holdings

JCR Affirmed AA-/Stable, AA- and Preliminary AA- on Global One Real Estate Investment Corporation

Sep. 03, 2020

JCR Assigned Social 1(F) to Social Bond Framework of National University Corporation, the University of Tokyo

JCR Upgraded Rating on KYOWA EXEO from A/Positive and A to A+/Stable and A+

JCR Assigned A Rating to Bonds of MAEDA

JCR Assigned AA- Rating to Bonds of Invesco Office J-REIT

JCR Assigned AA Rating to Bonds of Sekisui House Reit

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

Sep. 02, 2020

JCR Assigned SU1(F) to Sustainability Finance Framework of GLP J-REIT

JCR Upgraded Rating on Takara Leben Infrastructure Fund from A-/Positive to A/Stable

JCR Assigned A- Rating to Bonds (Tier 1 with loss absorption clause) of Sumitomo Mitsui Financial Group

JCR Assigned A+ Rating to Bonds of Fuyo General Lease

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Pacific Golf Management

Sep. 01, 2020

JCR Assigned A- Rating to Bonds of Yasuda Logistics

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

JCR Assigned Preliminary AA- Rating to Shelf Registration of SAIBU GAS

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

JCR Affirmed A+/Stable, A+ and J-1 on ITOCHU ENEX

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

JCR Affirmed BBB/Positive Long-term Issuer Rating on DAIKI ALUMINIUM INDUSTRY

JCR Affirmed AA Ratings on Electricite de France with Stable Outlook

JCR Assigned A to Ascent Finance Limited Series 2020-1053

JCR Affirmed A+ on Beneficial Interest and ABL of Securitization of Loans Receivable

Aug. 31, 2020

JCR Reviewed Trust Beneficiary Rights 201812 (Contract No. 00012883)

JCR Downgraded Rating on Sanken Electric from BBB+/Negative to BBB/Negative

JCR Affirmed A-/Stable, A- and J-1 on Chuo-Nittochi Group

JCR Affirmed BBB/Stable Long-term Issuer Rating on Oenon Holdings

JCR Affirmed A-/Stable Long-term Issuer Rating on San ju San Financial Group, Mie Bank and Daisan Bank

JCR Affirmed AA-/Stable, AA- and J-1+ on JCB

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL 20-08

JCR Withdraws J-2 Rating on CP of RESORTTRUST

JCR Withdraws AA- Rating on EMTN Program of Suntory Beverage & Food

Aug. 28, 2020

JCR Placed Rating on MCUBS MidCity Investment Corporation under Credit Monitor #AA-/Positive

JCR Assigned Green 1 to the 1st and the 2nd Bonds Issued by Renova

JCR Assigned BBB Rating to Bonds of RENOVA

JCR Assigned Preliminary A Rating to Subordinated Bonds of Kyushu Electric Power

JCR Assigned A- Rating to Bonds of IHI

JCR Assigned BBB+ Rating to Bonds of Kintetsu Group Holdings

JCR Assigned A Rating to Bonds of JA MITSUI LEASING

JCR Assigned Preliminary A Rating to Shelf Registration of Kawasaki Heavy Industries

JCR Assigned Preliminary A+ Rating to Shelf Registration of Sumitomo Realty & Development

JCR Affirmed AA- Rating on Shinhan Bank with Stable Outlook

[ Asset Securitization Products ] JCR Assigned BB to ABL 20-08

[ Asset Securitization Products ] JCR Affirmed AAA and A- on Class A and Class B Beneficial Interests on Jupiter Investment Purpose Condominium Loan Backed Beneficial Interests 2013

[ Asset Securitization Products ] JCR Affirmed AAA and A- on Class A and Class B Beneficial Interests on Sakura Investment Purpose Condominium Loan Securitization Series 1

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 20-08 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 20-08

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 20-08

Aug. 27, 2020

JCR Affirmed AA- on Violet Protected Asset SPC Series VPA 1 S10

JCR Affirmed AA- on Violet Protected Asset SPC Series VPA 1 S08

JCR Affirmed AA- on Violet Protected Asset SPC Series VPA 1 S02

JCR Affirmed AA- on Violet Protected Asset SPC Series VPA 1 S01

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Sumitomo Mitsui Trust Bank to Toray Industries

Downward Revisions of Operating and Dividend Forecasts for Fiscal Year Ending December 2020 - JCR Wil Watch Initiatives for Performance Recovery and Evaluate Achievements to be Reflected in Rating

JCR Removed CM; Upgraded FamilyMart to AA- and J-1+; Stable Outlook

JCR Assigned J-1 Rating to CP of VALOR HOLDINGS; Affirmed A-/Stable and A-

JCR Affirmed A+ and J-1 Rating on THK; Revised Outlook from Positive to Stable

JCR Affirmed A/A (FC/LC) Ratings on Italy; Revised Outlook from Stable to Negative

JCR Assigned AA- Rating to Bonds (Tier 2 with loss absorption clause) of Concordia Financial Group

JCR Affirmed AA-/Stable, AA-, Preliminary AA- and J-1+ on Hankyu Hanshin Holdings

JCR Assigned AA- Rating to Oxygen Capital Limited Series 115

Aug. 26, 2020

JCR Assigned A+ to Bonds (Tier 2 with loss absorption clause) of Sumitomo Mitsui Trust Holdings

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

JCR Assigned Preliminary AA- Rating to Bonds of Nissay 5th Subordinated Loan Securitization Company Limited

JCR's Rating Review of Major Oil Distributors

JCR Affirmed AA/Stable, AA, Preliminary AA and J-1+ on ITOCHU

JCR Affirmed AA on EMTN of ITOCHU and ITOCHU Treasury Centre Europe

JCR Affirmed J-1+ Rating on CP of ITOCHU Treasury

Aug. 25, 2020

JCR Assigned A+ Rating to Bonds of Nagoya Railroad

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned A+ Rating to Bonds of NICHIREI

JCR Assigned Preliminary A- Rating to Shelf Registration of Tokyo Tatemono

JCR Affirmed BBB/Positive, BBB and J-2 on ICHINEN HOLDINGS

JCR Affirmed A-/Stable, A- and Preliminary A- on ASAHI BROADCASTING GROUP HOLDINGS

JCR Affirmed BBB/Stable and BBB on Nippon Yakin Kogyo

JCR Affirmed A-/Stable, A- and BBB on YOKOHAMA REITO

JCR Affirmed A-/Stable Long-term Issuer Rating on TOMONY Holdings

JCR Withdraws Preliminary BBB+ on Amp Green Project Bond Trust (Fukuoka) Beneficial Interest and Trust ABL

Aug. 24, 2020

JCR Affirmed A+ Rating on Daicel; Revised Outlook from Stable to Negative

JCR Affirmed A/Stable and A on PERSOL HOLDINGS

JCR Affirmed A+/Stable Long-term Issuer Rating on Daishi Hokuetsu Financial Group
JCR Affirmed A+/Stable Long-term Issuer Rating on Daishi Bank
JCR Affirmed A+/Stable Long-term Issuer Rating on Hokuetsu Bank

JCR Affirmed A-/Stable and J-1 on Idemitsu Credit

JCR Affirmed BBB Rating on EMTN of Monex Finance

Aug. 21, 2020

JCR Upgraded Rating on Kanamoto from BBB+/Positive to A-/Stable

JCR Assigned Preliminary A+ Rating to Bonds (Tier 2 with loss absorption clause) of Mitsubishi UFJ Financial Group

JCR Assigned AAA Rating to Bonds of Japan Student Services

JCR Assigned Preliminary AAA Rating to Shelf Registration of Development Bank of Japan