News Release

Jul. 13, 2020

JCR Affirmed AA-p/AAp (FC/LC) Ratings on the Korea Development Bank with Stable Outlook

JCR Affirmed AA- on Beneficial Interest of SB Loans Receivable 17-12 and SB Loans Receivable 18-12

Jul. 10, 2020

JCR Assigned Social 1 (Final Evaluation) to the 24th and the 25th Bonds Issued by Orient Corporation

JCR Assigned A- Rating to Bonds of Orient Corporation

JCR Assigned BBB+ Rating to Long-term Issuer Rating (LC) and Bonds of BGC Partners

JCR Assigned A+ Rating to Bonds of JGC HOLDINGS

JCR Assigned A Rating to Bonds of KONAMI HOLDINGS

JCR Assigned AA- Rating to Bonds of Hankyu Hanshin Holdings

JCR Assigned AA- Rating to Bonds of Odakyu Electric Railway

JCR Assigned AA- Rating to Bonds of ENEOS Holdings

JCR Assigned A- Rating to Bonds of DyDo GROUP HOLDINGS

JCR Assigned A+ Rating to Bonds of LIXIL Group

JCR Assigned Preliminary A+ Rating to Shelf Registration of NICHIREI

JCR Assigned A- Rating to Bonds of Tokyo Tatemono

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned AA- Rating to Bonds of SAIBU GAS

JCR Assigned A Rating to Bonds of DIC

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR's Rating Review of Money Market Brokers

JCR Affirmed BBB/Stable Long-term Issuer Rating on ISHIHARA SANGYO

Jul. 09, 2020

ITOCHU's Tender Offer for Shares in FamilyMart - No Immediate Impact on Rating; JCR Will Pay Attention to the Investment Effects

JCR Placed Rating on FamilyMart under Credit Monitor #A+/Positive and #J-1/Positive

JCR Reviewed Bonds Issued by JACCS

JCR Assigned Preliminary AA- Rating to Shelf Registration of Odakyu Electric Railway

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

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

JCR Affirmed A/Stable and A on Healthcare & Medical Investment Corporation

Jul. 08, 2020

JCR Assigned BBB+/Stable Long-term Issuer Rating to GEO HOLDINGS

JCR Assigned AA- Rating to Bonds of JFE Holdings

JCR Assigned A- Rating to Bonds of HIKARI TSUSHIN

JCR Assigned Preliminary AA- Rating to Shelf Registration of Hankyu Hanshin Holdings

JCR Assigned AA- Rating to Bonds of RICOH LEASING

Jul. 07, 2020

JCR Affirmed BBB+ Rating on Makino Milling Machine; Revised Outlook from Positive to Stable

JCR Assigned A+ Rating to Bonds of HASEKO Corporation

JCR Assigned Preliminary A Rating to Shelf Registration of Kobe Steel

JCR Assigned AA Rating to Bonds of Corporación Andina de Fomento

JCR Assigned A+ Rating to Bonds of MIRAI Corporation

JCR Affirmed BBB/Stable Long-term Issuer Rating on Minami-Nippon Bank

JCR Affirmed A+ Rating on Banco Santander-Chile with Stable Outlook

JCR Affirmed AA-/Stable and AA- on Fukuoka REIT Corporation

JCR Affirmed AA-/Stable Long-term Issuer Rating on Mitsui Fudosan Logistics Park

Jul. 06, 2020

JCR Assigned Preliminary A+ Rating to Shelf Registration of Sumitomo Riko

JCR Assigned Preliminary A Rating to Shelf Registration of TEPCO Power Grid

JCR Assigned Preliminary AA Rating to Shelf Registration of Sumitomo Mitsui Banking

[ Asset Securitization Products ] JCR Assigned AAA to JHF-guaranteed RMBS ABL Program

Jul. 03, 2020

JCR's Rating Review of Major Air Transportation Companies

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

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned A+ Rating to Bonds of ASICS

JCR Assigned Preliminary A+ Rating to Shelf Registration of SUMITOMO CHEMICAL

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Affirmed A/Stable, A and Preliminary A on MAEDA

JCR Affirmed A/Stable, A and J-1 on PENTA-OCEAN CONSTRUCTION

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

JCR Affirmed BBB/Stable and BBB- on NAGANOBANK

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

Jul. 02, 2020

JCR Assigned A to Subordinated Loan of NIPPON STEEL

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Affirmed A-/Stable and A- on DyDo GROUP HOLDINGS

Jul. 01, 2020

Series 2020-1042

JCR Assigned AA/Stable Long-term Issuer Rating to Tokyo Waterfront Area Rapid Transit

JCR Assigned AA Rating to EMTN of Mizuho Securities

JCR Assigned AA Rating to Bonds of ORIX JREIT

JCR Affirmed J-1+ Rating on CP of Sumitomo Electric Industries; Increase in CP Maximum Amount

JCR Assigned Preliminary AA+ Rating to Shelf Registration of NTT DATA

JCR Affirmed AAA/Stable, AAA, Preliminary AAA, and J-1+ on NTT FINANCE

JCR Assigned Preliminary J-1+ to Jointly Operated Designated Money Trust Z2

Jun. 30, 2020

JCR Assigned Green 1(Final Evaluation) to 1st Unsecured Corporate Bond Issued by Eurus Energy Holdings

JCR Assigned Green 1(F) to Green Finance Framework of Eurus Energy Holdings

JCR Affirmed BBB+ Rating on ROYAL HOLDINGS; Revised Outlook from Stable to Negative

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

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL 20-06

Jun. 29, 2020

JCR Upgraded Rating on ROHTO PHARMACEUTICAL from A/Positive to A+/Stable

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Nippon Fine Chemical

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 20-06

Highlights of Major Telecom Companies' Financial Results for Fiscal Year Ended March 2020

Jun. 26, 2020

JCR Assigned Green 1(F) to Green Finance Framework of CRE Logistics REIT, Inc.

JCR Assigned A- Rating to Subordinated Bonds of Hulic

JCR Assigned A- Rating to Bonds of Konoike Transport

JCR Assigned Preliminary AA- Rating to Shelf Registration of Kyushu Electric Power

JCR Affirmed J-1 Rating on CP of Keihan Holdings; Increase in CP Maximum Amount

JCR Assigned Preliminary J-1 Rating to Specified Money Trust ABL Program 20-07

JCR Affirmed A- on Ecology Trust Bond 1st Series Fund Trust Bonds and Trust ABL

Highlights of Major Trucking Companies' Financial Results for Fiscal Year Ended March 2020

Highlights of Major Analytical Instruments Manufacturers' Financial Results for Fiscal Year Ended December 2019/ March 2020

Jun. 25, 2020

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

JCR's Rating Review of Major Non-Life Insurance Companies

JCR Affirmed AAA/Stable Long-term Issuer Rating on Tokio Marine Holdings; Affirmed AAA/Stable and J-1+ on Tokio Marine & Nichido Fire Insurance

JCR Affirmed AA+/Stable, AA- and J-1+ on Sompo Japan Insurance; Affirmed AA/Stable Long-term Issur Rating and Ability to Pay Insurance Claims on SAISON AUTOMOBILE AND FIRE INSURANCE

JCR Affirmed AA/Stable and A+ on MS&AD Insurance Group Holdings; Affirmed AA+/Stable and J-1+ on Mitsui Sumitomo Insurance; Affirmed AA+/Stable and J-1+ on Aioi Nissay Dowa Insurance

JCR Affirmed A-/Stable and BBB+ on Chukyo Bank

JCR Affirmed AA-/Stable Long-term Issuer Rating on San-in Godo Bank

JCR Affirmed AA/Stable and AA on MORI HILLS REIT INVESTMENT CORPORATION

JCR Affirmed AA/Stable and AA on ORIX JREIT

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 20-06 (D Hospital)

Highlights of Major General Construction Companies' Financial Results for Fiscal Year Ended March 2020

Highlights of General Trading Companies' Financial Results for Fiscal Year Ended March 2020

Jun. 24, 2020

JCR Assigned Social 1 (Preliminary Evaluation) to the 24th and the 25th Bonds Issued by Orient Corporation

Highlights of General Heavy Machinery Manufacturers' Financial Results for Fiscal Year Ended March 2020