News Release

Dec. 04, 2020

JCR Assigned AA+ Rating to Bonds of NEW KANSAI INTERNATIONAL AIRPORT

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on Awa Bank

JCR Affirmed A Ratings on Malayan Banking Berhad with Stable Outlook

[ Asset Securitization Products ] JCR Affirmed BBB- and BB- on 2129801_Trust ABL

Dec. 03, 2020

JCR Affirmed A-/Stable and A- on J-OIL MILLS

JCR Affirmed A (FC) on Lotte Shopping; Revised Outlook from Stable to Negative

Dec. 02, 2020

JCR Assigned BB+ Rating to Bonds of AIFUL

JCR Affirmed A/Stable and J-1 on Nippon Flour Mills

JCR Affirmed AA/Stable, AA and Preliminary AA on NISSHIN SEIFUN GROUP

JCR Affirmed A-/Stable, A- and J-1 on Showa Sangyo

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

JCR Affirmed BBB+/Stable, BBB+, BBB- and J-2 on HANWA

JCR Affirmed BBB/Stable Long-term Issuer Rating on Mitsubishi Steel Mfg.

Dec. 01, 2020

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

JCR Affirmed A-/Stable and J-1 on Mitsubishi Electric Credit

Nov. 30, 2020

JCR Placed Rating on TOKYO DOME under Credit Monitor #BBB/Positive and #J-2/Positive

JCR Assigned Green 1 (Final Evaluation) to the 3rd private placement bonds issued by AIRPORT FACILITIES CO., LTD.

JCR Affirmed AA- Rating on Mitsui Fudosan Logistics Park; Revised Outlook from Stable to Positive

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

JCR Assigned Preliminary AA- Rating to Shelf Registration of Kenedix Office Investment Corporation

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

JCR Affirmed A+ Rating on Notes of Man GPM US Residential Debt Fund

[ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank A Corporation Bills & Electronically Recorded Receivables ABL 20-11

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Elec. Recorded Rec. ABL 20-11

JCR Withdraws J-1+ Rating on CP of FamilyMart

Nov. 27, 2020

JCR Upgraded Rating on K'S HOLDINGS from A/Positive to A+/Stable

JCR Upgraded Rating on Joshin Denki from BBB+/Positive and J-2 to A-/Stable and J-1

JCR Affirmed A- Rating on EDION; Revised Outlook from Stable to Positive

JCR Assigned AA- Rating to Bonds of SoftBank

JCR Assigned AA- Rating to Bonds of Kansai Electric Power

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Assigned #AA+/Negative Rating to Bonds of Seven & i Holdings

JCR Assigned A Rating to Bonds of Topre

JCR Assigned A Rating to Bonds of TAIHEIYO CEMENT

JCR Assigned Preliminary A- Rating to Shelf Registration of Sojitz

JCR Assigned Preliminary A- Rating to Shelf Registration of Showa Denko

JCR Assigned Preliminary AA Rating to Shelf Registration of Keio

JCR Affirmed AA/Stable, AA, Preliminary AA, A+ and J-1+ on Sekisui House

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

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 20-11 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 20-11

Nov. 26, 2020

Sumitomo Mitsui Finance and Leasing's Commencement of Tender Offer for Kenedix - JCR Will Pay Attention to Tender Offer Results and Impact on J-REITs Kenedix Sponsors

JCR Upgraded Rating on Shinkin Guarantee Fund from A/Stable to A+/Stable

JCR Assigned Green 1 to the Central Nippon Expressway Company Limited 16th U.S. Dollar-denominated Corporate Bonds (Climate Resilience Bonds)

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned A+ Rating to Bonds of NIKON

JCR Assigned BBB+ Rating to Bonds of Kanagawa Chuo Kotsu

JCR Affirmed A/Stable Long-term Issuer Rating on Ezaki Glico

[ Asset Securitization Products ] JCR Affirmed A- on Class B Beneficial Interest of Triangulum Occident

Nov. 25, 2020

JCR Upgraded Rating on OKAYA from A-/Positive to A/Stable

JCR Upgraded Preliminary Rating on Canadian Solar Dual Tenor Green Project Bond Trust (Ibaraki/Hiroshima) Beneficial Interest and Trust ABL from BBB to BBB+

JCR Assigned A Rating to Bonds of Takasago Thermal Engineering

JCR Assigned A+ Rating to Bonds of Mitsui Chemicals

JCR Assigned AA- Rating to Bonds of ENEOS Holdings

JCR Affirmed AA-/Stable Long-term Issuer Rating on Mitsubishi Estate Logistics REIT Investment Corporation

Nov. 24, 2020

Sumitomo Mitsui Finance and Leasing's Announcement on Tender Offer for Kenedix, Inc. - No Impact on Rating, and JCR Will Pay Attention to Enhancement of Earnings Base

JCR Reviewed Green Financing Framework of Vena Energy

JCR Affirmed A- Rating on RISO KAGAKU; Revised Outlook from Stable to Negative

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

JCR Affirmed A-/Stable and J-1 on SUMCO

JCR Affirmed BBB-/Stable Long-term Issuer Rating on AIRTECH JAPAN

JCR Affirmed BBB to PT. Indomarco Prismatama with Stable Outlook

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

JCR Affirmed J-1 Rating on CP of T&D Lease

[ Asset Securitization Products ] JCR Assigned AA- to SPIRE SA Series 2020-269

Nov. 20, 2020

JCR Assigned A+ Rating to Bonds of Mitsubishi Chemical Holdings

JCR Assigned A+ Rating to Bonds of HASEKO Corporation

JCR Assigned A- Rating to Bonds of Sushiro Global Holdings

JCR Assigned A+ Rating to Bonds of Keikyu

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Affirmed AA-/Stable, AA-, Preliminary AA- and J-1+ on Odakyu Electric Railway

JCR Affirmed A/Stable Long-term Issuer Rating on TIS
JCR Affirmed A/Stable Long-term Issuer Rating on INTEC

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

JCR Affirmed A/Stable and J-1 on GUNZE LIMITED

JCR Affirmed AA-/Stable and A on T&D Holdings
JCR Affirmed AA-/Stable Long-term Issuer Rating and Ability to Pay Insurance Claims on DAIDO LIFE INSURANCE
JCR Affirmed AA-/Stable and A+ on TAIYO LIFE INSURANCE
JCR Affirmed AA-/Stable Long-term Issuer Rating and Ability to Pay Insurance Claims on T&D FINANCIAL LIFE INSURANCE

[ Asset Securitization Products ] JCR Assigned BB+ to Beneficial Interest 20-07

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 20-11

Nov. 19, 2020

JCR Assigned BBB+ Rating to Bonds of ZUIKO

JCR Assigned A- Rating to Bonds of NEC Capital Solutions

JCR Affirmed A-/Stable Long-term Issuer Rating on Takeda Healthcare Foundation

JCR Affirmed BB+/Stable Long-term Issuer Rating on IKAI

JCR Affirmed A/Stable and J-1 on Nabtesco

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 20-11

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 20-11 (F Hospital)

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Treatment Fees Receivable ABL Program (I Hospital)

Nov. 18, 2020

JCR Downgraded Rating on Shinsho from BBB/Negative to BBB-/Stable; Affirmed J-2

JCR Affirmed A- and J-1 on KROSAKI HARIMA; Revised Outlook from Stable to Negative

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

JCR Assigned AA- Rating to Bonds of Meiji Holdings

JCR Assigned A+ Rating to Bonds of HEIWA REAL ESTATE REIT

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

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

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

Nov. 17, 2020

JCR Assigned Green 1(F) to Green Finance Framework of Kenedix Retail REIT Corporation

JCR Assigned AA- Rating to Bonds of Mitsubishi Heavy Industries

JCR Assigned A- Rating to Subordinated Loan of MORI BUILDING

JCR Affirmed AA/Stable Long-term Issuer Rating on Shinkin Central Bank

JCR Affirmed AA/Stable Long-term Issuer Rating on Shinkin Securities

Nov. 16, 2020

JCR Affirmed A+ and J-1 on NIPPON STEEL TEXENG.; Revised Outlook from Stable to Negative