News Release

Jul. 01, 2020

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

Highlights of Supermarket Chain Operators' Financial Results for Fiscal Year Ended February/March 2020

Jun. 23, 2020

JCR Assigned Preliminary A Rating to Subordinated Bonds of Tokyo Century

JCR Affirmed J-2 Rating on CP of KYOKUYO

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 20-06

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

Jun. 22, 2020

JCR Placed Rating on H.I.S. under Credit Monitor #BBB+/Negative

Affirmed BBB/BBB+(FC/LC) Ratings on Romania; Revised Outlook to Negative

JCR Assigned BBB- and BB Rating to MTN Program of Credito Real; Affirmed BBB- Rating with Stable Outlook

JCR Assigned Preliminary A Rating to Shelf Registration of KONAMI HOLDINGS

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

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

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

Jun. 19, 2020

JCR Assigned SU1(F) to Sustainability Finance Framework of Tokyo Tatemono

JCR Downgraded Rating on NISSAN MOTOR from A+/Negative to A/Negative

JCR Downgraded Rating on NISSAN FINANCIAL SERVICES from A+/Negative to A/Negative

JCR Assigned AA- Rating to Bonds of Suntory Holdings

JCR Assigned AAA Rating to Bonds of NTT FINANCE

JCR Assigned Preliminary A- Rating to Shelf Registration of NEC Capital Solutions

JCR Affirmed A/Stable, A and J-1 on Tokyo Electric Power Company Holdings
JCR Affirmed A/Stable, A and Preliminary A on TEPCO Power Grid

JCR Affirmed AA-/Stable and AA- on TOKYU REIT

Jun. 18, 2020

JCR Assigned Green 1(F) to Green Finance Framework of Nippon Accommodations Fund Inc.

JCR Assigned BBB/Stable Long-term Issuer Rating to OUTSOURCING

JCR Assigned A-/Stable Long-term Issuer Rating to Takara Leben Real Estate Investment Corporation

Jun. 17, 2020

Cypher Limited 290

Sylph Limited 1888

Sylph Limited 1839

JCR Affirmed AA+/Stable and AA+ on Nippon Building Fund

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

Jun. 16, 2020

Ascent Finance Limited 2019-1005

Ascent Finance Limited 2019-1003

JCR Assigned A+ Rating to Bonds (Tier 2 with loss absorption clause) of Mizuho Financial Group

JCR Assigned Preliminary A+ Rating to Shelf Registration of JGC HOLDINGS

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

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

Jun. 15, 2020

JCR Affirmed BBB/Stable and BBB on Sodick

JCR Affirmed AA/Stable and AA on GLP J-REIT

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

Jun. 12, 2020

Ascent Finance Limited 2020-1035

JCR Upgraded Rating on Security Bank to A- with Stable Outlook

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

JCR Assigned AA Rating to Bonds of ASAHI KASEI

JCR Assigned A+ Rating to Bonds of AIR WATER

JCR Assigned A- to Bonds (Tier 1 with loss absorption clause) of Nomura Holdings

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Trust Bank

JCR Affirmed AA+/Stable and AA+ on NARITA INTERNATIONAL AIRPORT

Highlights of Major General Chemical Manufacturers' Financial Results for Fiscal Year Ended March 2020

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

Jun. 11, 2020

JCR Upgraded Ratings on the Philippines to A-/A- (FC/LC) with Stable Outlook

JCR Affirmed A+ and J-1 on NIKON; Revised Outlook from Stable to Negative

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

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned AA- Rating to Bonds of NIPPON STEEL

JCR Assigned A+ Rating to Bonds of Marubeni

JCR Affirmed A/Positive and A on NIPPON REIT Investment Corporation

Highlights of Major Japanese Automakers' Financial Results for Fiscal Year Ended March 2020

Jun. 10, 2020

Series 2020-1032

JCR Assigned AA- Rating to Bonds of TAISEI

JCR Assigned A+ Rating to Bonds of Fuyo General Lease

JCR Affirmed AA-/Positive and AA- on Hulic Reit

Highlights of Special Steel Manufacturers' Financial Results for Fiscal Year Ended March 2020

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