News Release

Nov. 24, 2020

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

JCR Affirmed A+/Stable, A- and J-1 on ISUZU MOTORS

JCR Affirmed A-/Stable Long-term Issuer Rating on Nippon Light Metal Holdings

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

JCR Assigned AA- to SPIRE SA Series 2020-217

Nov. 13, 2020

JCR assigned Green 1 (Final Evaluation) to Short-term and Long-term Loan Borrowed by SOSiLA Logistics REIT

JCR JCR Assigned SU 1 (Final Evaluation) to the 7th Bonds Issued by AEON REIT Investment Corporation

JCR Assigned J-1+ Rating to CP of LINE

JCR Downgraded Rating on Toyoko Inn from BBB/Negative to BBB-/Negative

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

JCR Assigned AA- Rating to Bonds of AEON REIT Investment Corporation

JCR Assigned A- Rating to Bonds of Starts Proceed Investment Corporation

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

JCR Affirmed A-/Stable, A-, Preliminary A- and J-1 on Nankai Electric Railway; Increase in CP Maximum Amount

JCR Affirmed A/Stable, A and J-1 on SKY Perfect JSAT Holdings

JCR Affirmed AAA/AAA (FC/LC) Ratings on Kingdom of the Netherlands with Stable Outlook

Nov. 12, 2020

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

JCR Affirmed J-1 Rating on CP of Sumitomo Riko; Increase in CP Maximum Amount

Nov. 11, 2020

JCR Affirmed A+/Stable on Hyundai Capital Services

Nov. 10, 2020

Acquisition of Large-scale Property by Enex Infrastructure Investment Corporation - JCR Will Watch Management Conditions, etc. after Acquisition

JCR Assigns Green 1 (F) to Green Finance Framework of Enex Infrastructure Investment Corporation

Nov. 09, 2020

[ Asset Securitization Products ] JCR Affirmed J-1+ on 3rd Trust Beneficial Interest

JCR Assigned Green 1 (F) to the Green Finance Framework of Takara Leben Infrastructure Fund

JCR assigned SU 1(F) to Sustainability Finance Framework of Tokyu Fudosan Holdings

JCR Assigned SU 1 (Preliminary Evaluation) to the 2nd Bonds Issued by Tokyu Fudosan Holdings

JCR Assigned Preliminary BBB+ Rating to Subordinated Bonds of Tokyu Fudosan Holdings

JCR Affirmed A/Stable, A, Preliminary A and J-1 on Tokyu Fudosan Holdings

JCR Affirmed Ratings BBB-/BBB(FC/LC) on Brazil

[ Asset Securitization Products ] JCR Affirmed J-1+ on ABCP Programs of Super Trust 1 to 20, LLCs

Nov. 06, 2020

JCR Assigned SU 1 (Preliminary Evaluation) to the 7th Bonds Issued by AEON REIT Investment Corporation

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

[ Asset Securitization Products ] JCR Assigned BBB- and BB to ABL 20-11 Senior and Junior Mezzanine Loan

Nov. 05, 2020

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

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

Nov. 04, 2020

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Jimoto Holdings
JCR Affirmed BBB-/Stable Long-term Issuer Rating on Kirayaka Bank
JCR Affirmed BBB-/Stable Long-term Issuer Rating on SENDAI BANK

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

JCR Affirmed AA-/Stable and AA- on Premier Investment Corporation

Nov. 02, 2020

JAL Announces Earnings Forecast for FY2020 - No Immediate Impact on Rating but Future Performance to Be Closely Watched

JCR Assigned J-1+ Rating to NGK SPARK PLUG

JCR Assigned Preliminary #AA+/Negative Rating to Shelf Registration of Seven & i Holdings

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

JCR Affirmed A-/Stable on Vena Energy Holdings and A-/Stable and A- on Vena Energy Capital

Oct. 30, 2020

JCR Reviewed Bonds Issued by RICOH LEASING

JCR Reviewed Bonds Issued by RICOH LEASING

JCR Affirmed J-1 Rating on CP of Showa Leasing; Increase in CP Maximum Amount

JCR Assigned Preliminary AA- to SPIRE SA Series 2020-217

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

JCR Affirmed A- on JRE Mega Solar Project Bond Trust 1 Class A Beneficial Interest and Class A Trust ABL

JCR Affirmed A on JRE Mega Solar Project Bond Trust 1 Class B Beneficial Interest and Class B Trust ABL

JCR Affirmed BBB+ on JRE Mega Solar Project Bond Trust 1 Class C Beneficial Interest

JCR Affirmed A on JRE Mega Solar Project Bond Trust 2 Beneficial Interest

[ Asset Securitization Products ] JCR Affirmed AA on JETS International Five Limited Series 177

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL 20-10

JCR Withdraws A+p/Stable Long-term Issuer Rating on Mitsubishi Tanabe Pharma

JCR Withdraws BBB/Stable Long-term Issuer Rating on TSUKADA GLOBAL HOLDINGS

Oct. 29, 2020

JCR Downgraded Rating on H.I.S. from #BBB+/Negative to #BBB-/Negative; Maintains Credit Monitor

JCR Assigned Preliminary AA- Rating to Shelf Registration of Mitsubishi Heavy Industries

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

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

JCR Affirmed BBB+/BBB+ (FC/LC) Ratings on India