News Release

Mar. 23, 2021

JCR Affirmed BBB+ on SCREEN Holdings; Revised Outlook from Stable to Positive

JCR Affirmed AAA/Stable Long-term Issuer Rating on Kyushu University

JCR Affirmed AA/Stable, AA, Preliminary AA and J-1+ on Sumitomo Electric Industries

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

JCR Assigned AA- to Sylph Limited Series 60016

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 21-03

Mar. 22, 2021

JCR Affirmed AA/Stable and AA on Frontier Real Estate Investment Corporation

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 21-03 (F Hospital)

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 21-03

Mar. 19, 2021

JCR Affirmed AA Rating on 77 Bank; Revised Outlook from Stable to Negative

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

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

JCR Affirmed A/Stable Long-term Issuer Rating on SBI Sumishin Net Bank

JCR Affirmed BBB/Stable Long-term Issur Rating on TOTTORI BANK

JCR Affirmed AA+/Stable, AA+ and Preliminary AA+ on NEW KANSAI INTERNATIONAL AIRPORT
JCR Affirmed AA+/Stable and AA+ on KANSAI INTERNATIONAL AIRPORT LAND

JCR Affirmed BBB+ (FC/LC) Ratings on Export-Import Bank of India with Stable Outlook

JCR Affirmed A-/A+ (FC/LC) Ratings on Mexico; Outlook Negative

Mar. 18, 2021

JCR Assigned AAA/Stable Long-term Issuer Rating to National University Corporation Osaka University

JCR Affirmed AA/Stable, AA, Preliminary AA and J-1+ on Mitsubishi UFJ Lease & Finance
JCR Affirmed AA on EMTN Program of MUL Asset Finance
JCR Removed Credit Monitor; Upgraded Rating on Hitachi Capital from #AA-/Positive to AA; Placed Stable Outlook; Affirmed J-1+

JCR Removed Credit Monitor; Upgraded Rating on Hitachi Capital Insurance from #AA-/Positive to AA; Placed Stable Outlook

JCR Affirmed A+/Stable, A+ and Preliminary A+ on HASEKO

JCR Affirmed AA+ (FC/LC) Ratings on Hong Kong with Stable Outlook

[ Asset Securitization Products ]JCR Assigned Preliminary J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 21-03

Mar. 17, 2021

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

JCR Assigned AA Rating to Bonds of United Urban Investment Corporation

JCR Affirmed A+/Stable, A+ and Preliminary A+ on SUMITOMO HEAVY INDUSTRIES

JCR Affirmed AA-/Stable, AA-, A, Preliminary AA- and J-1+ on Tokyo Century
JCR Affirmed AA-/Stable and J-1+ on NIPPON CAR SOLUTIONS
JCR Affirmed J-1 Rating on CP of Orico Auto Leasing
JCR Affirmed AA-/Stable and J-1+ on FUJITSU LEASING
JCR Affirmed J-1 Rating on CP of IHI Finance Support

JCR provided a third party opinion on Sustainability Linked Loans to　Screen Holdings Co. Ltd.

Mar. 16, 2021

RESORTTRUST Posts Impairment Loss - No Immediate Impact on Rating

JCR Assigned A+ Rating to Bonds of Nagoya Railroad

JCR Assigned AA+ Rating to Bonds of Nippon Building Fund

JCR Assigned AA Rating to Bonds of GLP J-REIT

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

[ Asset Securitization Products ] JCR Assigned AAA, AA- and AAA to Class A, B and C Bonds of Clover 2021, LLC.

JCR Assigned Social 1 to the Synthetic CLO (2021) of Japan Finance Corporation

JCR Reviewed Bonds issued by Tokyu Fudosan Holdings

Mar. 15, 2021

JCR Affirmed A-/Stable and A- on Shibusawa Warehouse

JCR Affirmed AA-/Stable and AA- on Sumitomo Warehouse

JCR Affirmed A/Stable, and A on FUJI ELECTRIC

JCR Affirmed A/Stable Long-term Issuer Rating on AIN HOLDINGS

JCR Assigned Preliminary AA- to Securitization of Leases Receivable from SB 202103

JCR Assigned Preliminary AA- to Securitization of Loans Receivable from SB 202103

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

Mar. 12, 2021

JCR Assigned AA-/Stable Long-term Issuer Rating to Kenedix

JCR Affirmed AA-, AA- and Preliminary AA- on Kenedix Office Investment Corporation; Revised Outlook from Stable to Positive

Rakuten Announces Issuance of New Shares through Third-Party Allotment and Disposal of Treasury Stock - JCR Will Focus on Future Progress in Mobile Business

JCR Assigned Green 1 (T)(Final Evaluation) to Transition Loan Borrowed by Kawasaki Kisen

JCR Assigned Green 1 (Preliminary) to Canadian Solar Dual Tenor Green Project Bond Trust (Ibaraki/Hiroshima) Beneficial Interest

JCR Assigned Green 1 (Preliminary) to Canadian Solar Dual Tenor Green Project Bond Trust (Ibaraki/Hiroshima) Trust ABL

JCR Assigned Green 1 (Final Evaluation) and Provided a Third Party Opinion on Suitability for the Sustainability-Linked Bond Principles to the 2nd Unsecured Bonds Issued by Takamatsu Construction Group

JCR Assigned A- Rating to Bonds of TAKAMATSU CONSTRUCTION GROUP

JCR Assigned AA Rating to Bonds of Corporacion Andina de Fomento

JCR's Rating Review of General Construction Companies

JCR Affirmed AA-/Stable, AA- and Preliminary AA- on TAISEI

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

JCR Affirmed AA-p/Stable Long-term Issuer Rating on SHIMIZU

JCR Affirmed A/Stable Long-term Issuer Rating on SANKEI BUILDING

JCR Affirmed A-/Stable and BBB on ZENKOKU HOSHO

Mar. 11, 2021

JCR Assigned Green 1 (Final Evaluation) to the 2nd Unsecured Bonds Issued by IINO KAIUN

JCR Assigned BBB+ Rating to Bonds of IINO KAIUN; Affirmed BBB+/Stable

JCR Upgraded Rating on Daiwa Securities Living Investment Corporation from A+/Positive to AA-/Stable; Affirmed J-1+

JCR Assigned A- Rating to Bonds of Chuo-Nittochi Group

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Affirmed A+/Stable, A+ and Preliminary A+ on Nagoya Railroad

JCR Affirmed A/Stable Long-term Issuer Rating on Aica Kogyo

JCR Assigned AA- to Sylph Limited Series 60014

Mar. 10, 2021

JCR Assigned A- Rating to Subordinated Bonds of Dai-ichi Life Holdings

JCR Affirmed AA- on Oxygen Capital Limited Series 86

JCR Affirmed AA- on Oxygen Capital Limited Series 87

Mar. 09, 2021

JCR Reviewed Bonds Issued by MITSUI-SOKO HOLDINGS

JCR Affirmed BBB/Stable and J-2 on JK Holdings

Mar. 08, 2021

JCR Assigned Green 1 (Final Evaluation) to Long-term Borrowings of Canadian Solar Infrastructure Fund, Inc.

JCR Reviewed GL No.1 Loan Borrowed by DREAM Private REIT Inc.

JCR Reviewed Green Trust Beneficiary Rights of DREAM Private REIT Inc.

Mar. 05, 2021

JCR Assigned Green 1 to the 18th Bonds Issued by JA MITSUI LEASING

JCR Assigned A Rating to Bonds of JA MITSUI LEASING

JCR Placed Rating on CP of SHOKO under Credit Monitor #J-2/Negative

JCR Affirmed BB+ Rating on AIFUL; Revised Outlook from Stable to Positive

JCR Assigned AA- Rating to Bonds of Asahi Group Holdings

JCR Assigned A- Rating to Bonds of Toyo Tire

JCR Assigned A- Rating to Bonds of Konoike Transport

JCR Assigned BBB+ Rating to Bonds of TOSHO

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Assigned A- Rating to Bonds of Shinsei Bank

JCR Assigned Preliminary AAA Rating to Shelf Registration of NTT FINANCE

JCR Affirmed AAA/AAA (FC/LC) Ratings on Japan with Stable Outlook

JCR Affirmed AA/Stable and AA on Nippon Prologis REIT

Mar. 04, 2021

JCR Upgraded Long-term Issuer Rating and Ability to Pay Insurance Claims on Asahi Mutual Life Insurance from BBB/Positive to BBB+/Stable

JCR Assigned A- Rating to Bonds of Showa Sangyo

JCR Affirmed AA-/Stable, AA-, A, Preliminary AA- and J-1+ on Asahi Group Holdings; Increase in CP Maximum Amount

JCR Affirmed AAA/AAA (FC/LC) Ratings on Commonwealth of Australia

JCR Affirmed A+/A+(FC/LC) Ratings on the Slovak Republic with Stable Outlook

Mar. 03, 2021

JCR Reviewed Bonds Issued by Fuyo General Lease

JCR Affirmed AA/Stable Long-term Issuer Rating on Kanagawa University

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

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

Mar. 02, 2021

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

JCR Affirmed A+/Stable and J-1 on MINEBEA MITSUMI

JCR Affirmed A-/Stable, A-, BBB and J-1 on MITSUBISHI MATERIALS

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