News Release

Oct. 07, 2020

JCR Assigned Green 1 to the 2nd Public Bonds Issued by Nagano Prefecture

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR's Rating Review of Major Banks

JCR Affirmed AA/Stable, AA and AA- on Mitsubishi UFJ Securities Holdings
JCR Affirmed AA/Stable Long-term Issuer Rating on Mitsubishi UFJ Morgan Stanley Securities

JCR Affirmed AA/Stable, AA and J-1+ on Mizuho Securities
JCR Affirmed AA Rating on EMTN of Mizuho International
JCR Affirmed AA Rating on EMTN of Mizuho Securities USA

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

Oct. 06, 2020

JCR Affirmed A- and J-1 on Japan Atomic Power; Revised Outlook from Negative to Stable

JCR Affirmed BBB and J-2 on FURUKAWA; Revised Outlook from Positive to Stable

JCR Assigned A+ Rating to Bonds of Sumitomo Mitsui Trust Panasonic Finance

JCR Affirmed AAA/Stable Ratings and Assigned AAA Ratings to Bonds of African Development Bank

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

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

Oct. 05, 2020

NEC To Acquire Swiss Leading Financial Software Firm - No Immediate Impact on Rating

JCR Reviewed Bonds Issued by DAIKEN

JCR Downgraded Rating on KOBELCO CONSTRUCTION MACHINERY from A-/Negative and J-1 to BBB+/Stable and J-2

JCR Affirmed BBB and J-2 on TOKYO DOME; Revised Outlook from Stable to Negative

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

JCR Assigned Preliminary AA Rating to Shelf Registration of Tohoku Electric Power

JCR Affirmed BBB-/Stable and BBB- on Ferrotec Holdings

JCR Affirmed AA-/Positive and AA- on NIDEC

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

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

JCR Affirmed A+ Ratings on Banco Santander with Stable Outlook, and A Ratings on Senior Non Preferred Bonds

JCR Affirmed AAA/Stable Ratings on Canada

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

Oct. 02, 2020

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned AAA Rating to Bonds of Metropolitan Expressway

JCR Assigned Preliminary AA Rating to Shelf Registration of Chubu Electric Power

JCR Assigned Preliminary A+ Rating to Shelf Registration of Sumitomo Mitsui Trust Panasonic Finance

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

JCR Affirmed BBB+/Stable and BBB+ on Kanagawa Chuo Kotsu

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

JCR Affirmed A/Stable and A on Ichigo Office REIT Investment Corporation

JCR Affirmed AA/Stable and AA on Activia Properties

JCR Withdraws A-/Stable Long-term Issuer Rating on SANKYO

Oct. 01, 2020

JCR Assigned AA-/Stable Long-term Issuer Rating to Hirogin Holdings
JCR Affirmed AA-/Stable Long-term Issuer Rating on Hiroshima Bank

JCR Assigned AA+/Stable and J-1+ to NTT TC Leasing

JCR Assigned A Rating to Bonds of Yasuda Real Estate

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

JCR Affirmed A/Stable and J-1 on Fukuoka Financial Group
JCR Affirmed A+/Stable Long-term Issuer Rating on BANK OF FUKUOKA
JCR Affirmed A+/Stable Long-term Issuer Rating on Kumamoto Bank
JCR Affirmed A+/Stable Long-term Issuer Rating on Juhachi-Shinwa Bank

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

Sep. 30, 2020

JCR Reviewed Bonds issued by Fuyo General Lease

JCR Assigned Preliminary BBB+ Rating to Subordinated Bonds of Rakuten

JCR Assigned Preliminary AA-; Affirmed AA-/Stable and J-1+ on JERA

JCR's Rating Review of Blast Furnace Steel Manufacturers

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL 20-09

JCR Assigned A+ to Ganymede Limited Series 2020-104

JCR Assigned AA- to Securitization of Leases Receivable from SB 202009

JCR Assigned AA- to Securitization of Loans Receivable from SB 202009

[ Asset Securitization Products ] JCR Assigned AAA to Class A Beneficial Interest 202009

JCR Affirmed A on SGET Tochigi Mega Solar Power Station Project Beneficial Interest

JCR Withdraws BBB/Stable Long-term Issuer Rating on Showa Aircraft Industry

JCR Withdraws J-1+ Rating on ABCP Program of Godo Kaisha GK 48

Sep. 29, 2020

NTT's Making NTT DOCOMO a Wholly-Owned Subsidiary—No Immediate Impact on Rating; JCR Will Pay Attention to Investment Effects

NTT DOCOMO to Become NTT's Wholly Owned Subsidiary - No Immediate Impact on Rating, Future Synergies to Be Watched

[ Asset Securitization Products ] JCR Assigned J-1 to BANK OF FUKUOKA C Corporation Bills & Electronically Recorded Receivable ABL 20-09

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 20-09 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 20-09

Sep. 28, 2020

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

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

JCR Affirmed BBB, Preliminary BBB and J-2 on JALUX; Revised Outlook from Positive to Stable

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

JCR Assigned AA- to Oxygen Capital Limited Series 130

Sep. 25, 2020

JCR Assigned Preliminary A+ Rating to Shelf Registration of Fuyo General Lease

JCR Affirmed BBB+/Stable, BBB+ and Preliminary BBB+ on FUTABA INDUSTRIAL

JCR Assigned J-1+ to Specified Money Trust Beneficial Interest 2129052

Sep. 24, 2020

Business Integration between Mitsubishi UFJ Lease & Finance and Hitachi Capital - No Impact on Rating; JCR Will Pay Attention to Future Synergistic Effects

JCR Placed Rating on Hitachi Capital under Credit Monitor #AA-/Positive

JCR Placed Rating on Hitachi Capital Insurance under Credit Monitor #AA-/Positive

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

JCR Affirmed A/Stable and J-1 on Marubeni-Itochu Steel

JCR Assigned J-1+ to Jointly Operated Designated Money Trust Z

Sep. 23, 2020

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

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

JCR Downgraded Rating on Showa Denko from A/Negative, A, BBB+ to A-/Stable, A-, BBB; Affirmed J-1

JCR Affirmed J-2 Rating on CP of SHOKO

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

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

JCR Affirmed A/Negative, A and J-1 on Rakuten Card

JCR Affirmed A/Negative and J-1 on Rakuten Bank

JCR Affirmed A/Negative Long-term Issuer Rating on Rakuten General Insurance

JCR Affirmed AA/Stable and AA on TOYOTA BOSHOKU

JCR Affirmed AAA (FC)/AAA (LC) Ratings on Export Development Canada with Stable Outlook

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 20-09

JCR Affirmed A on Kurimoto Mega Solar Green Project Bond Trust 2 Beneficial Interest and Trust ABL

JCR Affirmed A on Kurimoto Mega Solar Project Bond Trust 1 Beneficial Interest and Trust ABL

Sep. 18, 2020

JCR Assigned BBB+/Stable Long-term Issuer Rating to Indofood CBP Sukses Makmur

JCR Assigned BBB Rating to Subordinated Bonds of NIPRO

JCR Assigned A- Rating to Bonds of SAPPORO HOLDINGS

JCR Affirmed BBB/Stable Long-term Issuer Rating on Tokushu Tokai Paper

JCR Affirmed BBB/Stable Long-term Issuer Rating on Scroll

JCR Affirmed AAA Rating on New Development Bank with Stable Outlook

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

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 20-09 (F Hospital)

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 20-09

Sep. 17, 2020

JCR Assigned Green 1 (Preliminary) to the 9th and the 10th Unsecured Bonds to be Issued by Sumitomo Warehouse

JCR Reviewed Bonds Issued by Sumitomo Warehouse

JCR Upgraded Rating on Japan Earthquake Reinsurance from AAp/Stable to AA+p/Stable

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

JCR Assigned BB Rating to Subordinated Loan of Kawasaki Kisen