News Release

Feb. 10, 2021

JCR Assigned AA Rating to Bonds of MORI HILLS REIT INVESTMENT CORPORATION

JCR Affirmed AA-/AA-(FC/LC) Ratings on Slovenia with Stable Outlook

JCR Affirmed AA/Stable Long-term Issuer Rating on DREAM Private REIT

[ Asset Securitization Products ] JCR Assigned A+ to Ganymede Limited Series 2021-2

Feb. 09, 2021

JCR Assigned AA- Rating to Bonds of LaSalle LOGIPORT REIT

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

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

JCR Affirmed A+/Stable Long-term Issuer Rating on Japan Net Bank

JCR Affirmed A+/Stble, A+, Preliminary A+ and J-1 on ACOM

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

Feb. 08, 2021

Tokyo Star Bank's 3Q Results - Loss Reporting Affects Rating Only Limitedly

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

JCR Affirmed A+/Stable, A+ and J-1 on ITO EN

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

Feb. 05, 2021

JCR Assigned Social 1 to Bonds of National Institution for Academic Degrees and Quality Enhancement of Higher Education

JCR Assigned AAA Rating to Bonds of National Institution for Academic Degrees and Quality Enhancement of Higher Education

JCR Assigned SU 1 to the 1st Bonds Issued by Mitsui Fudosan Logistics Park

JCR Assigned AA- Rating to Bonds of Mitsui Fudosan Logistics Park

JCR Reviewed Long-term Loan Borrowed by United Urban Investment Corporation

JCR Reviewed UUR Green Joint Trust Beneficiary Rights (UUR Green Trust)

JCR Upgraded Rating on Sumitomo Realty & Development from A+/Positive, A+, Preliminary A+ and J-1 to AA-/Stable, AA-, Preliminary AA- and J-1+

JCR Affirmed A/Stable, A, BBB+, Preliminary A and J-1 on Nomura Real Estate Holdings

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

JCR Affirmed AA+p/Stable Long-term Issuer Rating on Mitsubishi Estate

JCR Assigned BB+ Rating to Subordinated Loan of ZENSHO HOLDINGS

JCR Affirmed A+ Rating on MIRAI; Revised Outlook from Positive to Stable

JCR Affirmed BBB/Stable Long-term Issuer Rating on BANK OF KOCHI

[ Asset Securitization Products ] JCR Assigned Preliminary AAA to Beneficial Interest of Hayabusa

Feb. 04, 2021

JCR Assigned BBB Rating to Subordinated Bonds of Tokyo Tatemono

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

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

JCR Assigned AA- to Oxygen Capital Limited Series 118

Feb. 03, 2021

JCR Assigned AA Rating to Bonds of Activia Properties

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

JCR Affirmed A-/A (FC/LC) Ratings on Hungary and National Bank of Hungary with Stable Outlook

Termination of Preliminary BBB+ on FAM Reliant Energy Bond 2020_1 Beneficial Interest and Trust ABL

Termination of Preliminary BBB on Alma Diode Solar Green Project Bond Trust (Shimane) Beneficial Interest and Trust ABL

Feb. 02, 2021

JCR Assigned BBB Rating to Subordinated Loan of MITSUBISHI MATERIALS

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

JCR Affirmed BBB+/Stable Long-term Issuer Rating (FC) on ICICI Bank

Feb. 01, 2021

JCR Assigned SU 1(F) to Sustainability Finance Framework of Shinsei Bank

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Shizuoka Bank to Hirano Vinyl Industry

Points to Note When the Proportion of Hybrid Securities in the Issuer's Capital Structure Increases

JCR Affirmed A+ Rating on ITOCHU Advance Logistics Investment Corporation; Revised Outlook from Stable to Positive

JCR Affirmed AA+p/Stable Long-term Issuer Rating on West Japan Railway

JCR Affirmed BBB+/Stable, BBB+ and Preliminary BBB+ on Kintetsu Group Holdings

JCR Affirmed A/Negative Long-term Issuer Rating on NISSAN FINANCIAL SERVICES

JCR Affirmed AA/Stable and AA on Nomura Real Estate Master Fund

Jan. 29, 2021

JCR Assigned Green 1(Final Evaluation) to 2nd Unsecured Bond issued by GPSS Holdings

JCR Provided a Third Party Opinion on Sustainability Linked Loans to Isetan Mitsukoshi Holdings

JCR Affirmed A and Preliminary A Rating on Kawasaki Heavy Industries; Revised Outlook from Stable to Negative

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

JCR Affirmed A+ Rating on Kenedix Retail REIT Corporation; Revised Outlook from Stable to Positive

JCR Assigned BBB Rating to Subordinated Bonds of SoftBank Group

JCR Assigned A+ Rating to Bonds of ISUZU MOTORS

JCR Affirmed AA-/Stable, AA-, Preliminary AA-, and J-1+ on Mitsubishi Heavy Industries

JCR Affirmed A+/Positive Long-term Issuer Rating on SEINO HOLDINGS

JCR Affirmed A/Positive Long-term Issuer Rating on FUKUYAMA TRANSPORTING

JCR Affirmed A/Stable Long-term Issuer Rating on JAPAN WOOL TEXTILE

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

JCR Affirmed AA-/AA (FC/LC) Ratings on China with Stable Outlook

JCR Assigned BBB to Amp Green Project Bond Trust (Yamaguchi) Beneficial Interest and Trust ABL

[ Asset Securitization Products ] JCR Assigned AAA and A- to Trust ABL (Fund No. 2130901)

[ Asset Securitization Products ] JCR Assigned J-1 to ABL Program (Commitment Line) of Project Sunrise I Series 2021-1

[ Asset Securitization Products ] JCR Assigned AA- to Ascent Finance Limited Series 2021-1001

Jan. 28, 2021

JCR Affirmed AA/Stable and AA on MORI TRUST Sogo Reit

JCR Affirmed A+ Rating on KKR & Co. with Stable Outlook

JCR Affirmed A+ Ratings on Bonds Issued by KKR Group Finance Co. IV

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 21-01 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 21-01

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 21-01

Jan. 27, 2021

JCR Provided a Third Party Opinion to Positive Impact Finance Provided by Sumitomo Mitsui Trust Bank to Sapporo Holdings

JCR Assigned Social 1 (Preliminary) to Bonds of National Institution for Academic Degrees and Quality Enhancement of Higher Education

JCR Affirmed AAA/Stable and AAA on National Institution for Academic Degrees and Quality Enhancement of Higher Education

JCR Assigned Preliminary A- Rating to Subordinated Bonds of Marubeni

JCR Assigned A Rating to Bonds of HIKARI TSUSHIN

JCR Assigned A Rating to Bonds of AEON Financial Service

JCR Assigned #AA-/Positive Rating to Bonds of Hitachi Capital

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

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

JCR Assigned AA- to Oxygen Capital Limited Series 136

[ Asset Securitization Products ] JCR Affirmed J-1+ on Ferry Road ETC Card Receivable ABL Program

[ Asset Securitization Products ] JCR Affirmed A+ on ZEST Investments B Series 1606-B01

Jan. 26, 2021

JCR Affirmed AAA Rating on Inter-American Development Bank with Stable Outlook

Jan. 25, 2021

JCR Affirmed A+ Rating on Kenedix Residential Next; Outlook Positive

JCR Affirmed AA- on LaSalle LOGIPORT REIT; Outlook Positive

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

Jan. 22, 2021

JCR Assigned Green 1 (Final Evaluation) to Commitment Line by the Method of Syndicated Loan borrowed by WEST ENERGY SOLUTION INC.

JCR Assigned Green 1 (Final Evaluation) to Hudson Green Project Finance 2020-1 Trust Beneficial Rights

JCR Assigned Green 1 (Final Evaluation) to Hudson Green Project Finance 2020-1 Trust ABL

JCR Assigned BBB to Hudson Green Project Finance 2020-1 Trust Beneficial Interest and Trust ABL

JCR Removed Credit Monitor; Upgraded Rating on TOKYO DOME from #BBB/Positive to AA-/Stable and from #J-2/Positive to J-1+

JCR Upgraded Rating on Harima-Kyowa from BBB-/Positive to BBB/Stable

JCR Assigned BBB+/Stable and BBB+ to Yanmar Holdings; Affirmed J-2

JCR Assigned A+ Rating to Subordinated Bonds of JAPAN POST INSURANCE

JCR Assigned AA Rating to Bonds of ORIX JREIT

JCR Affirmed AA-/Stable, AA- and Preliminary AA- on Coca-Cola Bottlers Japan Holdings

JCR Affirmed A-/Stable and A- on Tonami Holdings

JCR Affirmed A+/Stable, A+, Preliminary A+ and J-1 on Mitsui Chemicals

JCR Affirmed J-2 Rating on CP of CMIC HOLDINGS