News Release

May. 01, 2020

JCR Assigned Preliminary AA Rating to Shelf Registration of DAIKIN INDUSTRIES

JCR Affirmed J-1+ Rating on CP of Tokyo Electron; Increase in CP Maximum Amount

JCR Affirmed BBB-/Stable and BBB- on Sankyo Tateyama

Apr. 30, 2020

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

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

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL 20-04

JCR Withdraws A/Stable and J-1 on Daido Steel

Apr. 28, 2020

JCR Affirmed A+ and J-1 on Takashimaya; Revised Outlook from Stable to Negative; Increase in CP Maximum Amount

JCR Assigned Preliminary AA-, A+ and A- to Shelf Registration of Mizuho Financial Group

JCR Assigned Perliminary A- Rating to Subordinated Bonds of Hulic

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

Apr. 27, 2020

HANWA's Downward Revisions to Earnings Forecasts - No Immediate Impact on Rating, but JCR will Watch Future Business Performance

JCR Affirmed A-/A+ (FC/LC) Ratings on Mexico; Revised Outlook from Stable to Negative

JCR Assigned BBB+ Rating to Subordinated Loan of Showa Denko

JCR Affirmed BBB Rating on Bharat Oman Refineries with Stable Outlook

[ Asset Securitization Products ] JCR Affirmed AAA and BBB- on Toyonosato Senior Beneficial Interest, Other Beneficial Interest and ABL

[ Asset Securitization Products ] JCR Affirmed AAA, BBB and A on MMJ Mortgage Trust II Senior Beneficial Interest and ABL

Apr. 24, 2020

JCR Assigned A Rating to Subordinated Loan of Suntory Holdings

JCR Assigned A Rating to Bonds of Ube Industries

JCR Assigned A+ Rating to Bonds of Nishi-Nippon Railroad

JCR Assigned Preliminary A+ Rating to Shelf Registration of NIPPON STEEL TRADING

JCR Affirmed AA/Stable and AA on FAST RETAILING

JCR Affirmed AA-/Stable and AA- on Comforia Residential REIT

Apr. 23, 2020

Mirach Limited 2004-M01

JCR Downgraded Rating on Avation from #BB-/Negative to #B/Negative; Maintains Credit Monitor

JCR Assigned AA Rating to Bonds of DAIWA HOUSE INDUSTRY

JCR Assigned A+ Rating to Bonds of Nagoya Railroad

Apr. 22, 2020

Idemitsu Kosan’s Revisions to Earning Forecasts - No Immediate Impact on Rating, but JCR will Monitor Future Business Performance

Trust Bonds no.203

JCR Assigned AA Rating to Bonds of Mitsui Fudosan

JCR Assigned AA to Bonds of KURARAY

JCR Assigned AAA Ratings to Bonds of African Development Bank

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

JCR Affirmed A-/A Ratings on Republic of Peru with Stable Outlook

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 20-04

Apr. 21, 2020

Showa Denko's Wholly-owned Subsidiary Issues Preferred Shares - Equity Content Assessed as "Medium or 50%"

JCR Removed Credit Monitor; Affirmed A and J-1 on Showa Denko; Placed Negative Outlook

JCR Assigned A/Stable Long-term Issuer Rating to SHIP HEALTHCARE HOLDINGS

JCR Assigned J-1 to CP of Chuo-Nittochi Group
JCR Withdraws J-1 on NIPPON TOCHI-TATEMONO

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 20-04 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 20-04 (F Hospital)

Apr. 20, 2020

JCR's Rating Review of City Gas Companies

JCR Affirmed AA/Stable Long-term Issur Rating and Ability to Pay Insurance Claims on SECOM GENERAL INSURANCE

JCR Affirmed A+/Stable and A+ on HEIWA REAL ESTATE REIT

Apr. 17, 2020

JCR Assigned AA-/Stable Long-term Issuer Rating to LJPFGK

JCR Assigned AA- Rating to Bonds of Odakyu Electric Railway

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Withdraws #BBB/Negative Long-term Issuer Rating on SOGO MEDICAL HOLDINGS

Apr. 16, 2020

Mirach Limited 2003-M02

JCR Assigned A Rating to Bonds of Tokyu Fudosan Holdings

JCR Affirmed AA/Stable and AA- on Gunma Bank

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

Apr. 15, 2020

JCR Affirmed A/Stable and J-1 on KAGOME

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

Apr. 14, 2020

SoftBank Group’s Forecasts of Financial Results for FY2019 - Limited Impact on Rating

Apr. 13, 2020

JCR Affirmed AA Rating on KURARAY; Revised Outlook from Stable to Negative

JCR Affirmed J-2 Rating on CP of JALUX; Increase in CP Maximum Amount

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Sanyo Electric Railway

JCR Affirmed A+/A+(FC/LC) Ratings on the Slovak Republic with Stable Outlook

JCR Affirmed BBB- on Giga Solar Green Project Bond Trust (Fukushima) Beneficial Interest and Trust ABL

Apr. 10, 2020

JCR Upgraded Rating on MIZUHO Leasing from A/Stable to A+/Stable
JCR Upgraded Rating on Mizuho-Toshiba Leasing from A/Stable to A+/Stable; Affirmed J-1 on CP

JCR Upgraded Rating on MG Leasing from A/Stable to A+/Stable; Affirmed J-1

JCR Downgraded Ratings on Turkey from BBB- to BB+ (FC/LC) with Negative Outlook

JCR Affirmed A+/Stable, A+, Preliminary A+, and J-1 on Sumitomo Mitsui Trust Panasonic Finance; Increase in CP Maximum Amount

JCR Affirmed AA- on EMTN Program of Nomura Europe Finance
JCR Affirmed AA- on EMTN Program of Nomura Global Finance; Increase in Maximum Amount

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned AA+ Rating to Bonds of Kanagawa Prefectural Housing Supply Corporation

JCR Assigned Preliminary A Rating to Shelf Registration of Ube Industries

Apr. 09, 2020

JCR Downgraded Rating on Avation from BB to #BB-/Negative; Placed it under Credit Monitor

JCR Assigned Preliminary A+ Rating to Shelf Registration of Nagoya Railroad

JCR Assigned Preliminary A Rating to Shelf Registration of ANA HOLDINGS

JCR Affirmed A/Stable Long-term Issuer Rating on J. F. Oberlin University and Affiliated Schools

JCR Affirmed AAA/AAA(FC/LC) Ratings on Commonwealth of Australia

Apr. 08, 2020

JCR Affirmed A-/Stable Long-term Issuer Rating on Samty Residential Investment Corporation

Preventive Measures Against COVID-19 Pandemic and JCR’s Rating Operations

Apr. 07, 2020

JCR Affirmed J-1+ Rating on CP of Keio; Increase in CP Maximum Amount

JCR Affirmed AA-/Stable and AA- on Hankyu Hanshin REIT

Apr. 03, 2020

JCR Placed Rating on UNIZO Holdings under Credit Monitor #BBB+/Negative

JCR Affirmed A+ Rating on NISSAN MOTOR; Revised Outlook from Stable to Negative

JCR Affirmed A+ Rating on NISSAN FINANCIAL SERVICES; Revised Outlook from Stable to Negative

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

JCR Assigned Preliminary AAA Rating to Shelf Registration of NTT DOCOMO

JCR Assigned AA Rating to Bonds of Mitsubishi UFJ Lease & Finance

JCR Assigned AA Rating to Bonds of Nippon Prologis REIT

JCR Affirmed AA Rating on Guaranteed Bonds of China Eastern Airlines

JCR Affirmed BBB+ Ratings on Cantor Fitzgerald with Stable Outlook

Apr. 02, 2020

JCR Downgraded Rating on Musashino Bank from A+/Negative to A/Stable

Affirmed J-1+ Rating on CP of Hitachi Capital; Increase in CP Maximum Amount

JCR Affirmed A/Stable and A on One REIT

Apr. 01, 2020

KOKUSAI PULP&PAPER Announces Acquisition of Largest Paper Trader in Europe - No Immediate Impact on Rating But Attention to Be Paid to Future Synergies

JCR Affirmed A+ Rating on Daiwa Securities Living Investment; Revised Outlook from Stable to Positive

JCR Affirmed J-1 Rating on CP of Mitsui Mining and Smelting; Increase in CP Maximum Amount

JCR Affirmed J-1+ Rating on CP of TOKYU; Increase in CP Maximum Amount

JCR Assigned A-/Stable Long-term Issuer Rating to Chuo-Nittochi Group
JCR Affirmed A-/Stable, A-, Preliminary A- and J-1 on NIPPON TOCHI-TATEMONO

JCR Affirmed J-1 Rating on CP of BOT Lease; Decrease in CP Maximum Amount