News Release

Mar. 14, 2019

Highlights of Major Breweries' Financial Results for Fiscal Year Ended December 2018

Mar. 13, 2019

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JCR Assigned Social 1 to Synthetic CLO (2019) of Japan Finance Corporation

JCR Assigned A- Rating to Subordinated Bonds of Dai-ichi Life Holdings

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

Mar. 12, 2019

JCR Assigned BBB- Rating to Subordinated Loan of HANWA

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to Saitama Resona Bank A Corporation Bills Receivable Senior Beneficial Interest 19-03

Highlights of Major Tire Manufacturers' Financial Results for Fiscal Year Ended December 2018

Mar. 11, 2019

IHI’s Announcement on Inadequate Inspections, etc. in Civil Aero Engine Maintenance - JCR will Watch Results of Investigation and Impacts on Business Performance

JCR Assigned AA-/AA-(FC/LC) Ratings to Chile with Stable outlook

JCR Assigned Preliminary BBB Rating to Shelf Registration of Mitsui E&S Holdings

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

Mar. 08, 2019

Pioneer's Implementation of Capital Increase through Third Party Allotment - Future Directions of Business Performance, Financials, etc. are Key Points

JCR Assigned Green 1 to Subordinated Bonds of Tokyo Tatemono

JCR Assigned BBB Rating to Subordinated Bonds of Tokyo Tatemono

JCR Assigned AA Rating to Bonds of Mitsui Fudosan

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Affirmed A+/Stable and J-1 on Sumitomo Bakelite

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

JCR Affirmed BBB/Stable and BBB on Sodick

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

JCR Affirmed BBB on JAG Mega Solar Project Bond Trust 1 Beneficial Interest and Trust ABL

Mar. 07, 2019

Kawasaki Kisen's Revision of Earning Forecasts - Already Reflected in the Rating

Sekisui House's Conversion of Otori Holdings into Consolidated Subsidiary - No Immediate Impact on Rating and JCR will Pay Attention to Future Synergistic Effects

Mizuho Group's Downward Revision of Earnings Forecasts - Advancing the Recording of Losses and No Immediate Impact on the Rating

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

JCR Affirmed A-/Stable Long-term Issuer Rating on Tokyo Kiraboshi Financial Group
JCR Affirmed A-/Stable Long-term Issuer Rating on Kiraboshi Bank

Mar. 06, 2019

JCR Assigned A Rating to Bonds of Hokuetsu Corporation

JCR Affirmed AA/Stable Long-term Issuer Rating on Kanagawa University

JCR Assigned AA- Rating to Bonds (Tier 2 with loss absorption clause) of Concordia Financial Group

Mar. 05, 2019

JCR Upgraded Rating on MCUBS MidCity Investment Corporation from A+/Positive and A+ to AA-/Stable and AA-

JCR Assigned A- to Ecology Trust Bond 1st Series Fund Trust Bonds and Trust ABL

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Affirmed A-/Stable, A- and J-1 on SAPPORO HOLDINGS

Mar. 04, 2019

JCR Affirmed AA Rating on NEW KANSAI INTERNATIONAL AIRPORT; Revised Outlook from Stable to Positive
JCR Affirmed AA Rating on KANSAI INTERNATIONAL AIRPORT LAND COMPANY; Revised Outlook from Stable to Positive

JCR Affirmed AA/Stable and AA on DAIWA HOUSE INDUSTRY

JCR Affirmed A-/Stable and A- on Shibusawa Warehouse

JCR Affirmed A+/Stable Long-term Issuer Rating on Yokogawa Electric

Mar. 01, 2019

JCR Assigned A+ Rating to Bonds of Pan Pacific International Holdings

JCR Assigned BBB+ Rating to Bonds of FUTABA INDUSTRIAL

JCR Affirmed BBB/Negative Long-term Issuer Rating on FUKUSHIMA BANK

Feb. 28, 2019

NISSHIN SEIFUN GROUP Decides to Buy Australia's Allied Pinnacle - Limited Impact on Rating

JCR Assigned Preliminary A+ Rating to Shelf Registration of Pan Pacific International Holdings; Affirmed A+/Stable, A+, A-, and J-1

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of HEIWA REAL ESTATE

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

JCR Assigned BBB- to JA Solar Green Project Bond Trust (Fukushima) Trust ABL

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Electronically Recorded Receivable ABL19-02

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable ABL19-02 (A Corporation in Niigata)

JCR Withdraws A+/Stable Long-term Issuer Rating and J-1 on JTEKT

Feb. 27, 2019

JCR Placed Rating on IBJ Leasing under Credit Monitor #A-/Positive
JCR Placed Rating on IBJL-TOSHIBA Leasing under Credit Monitor #A-/Positive

JCR Affirmed #A+/Negative on MG Leasing; Maintains Credit Monitor

JCR Affirmed A-/Stable, A-, Preliminary A- and J-1 on Orient Corporation

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL19-02

Feb. 26, 2019

JCR Affirmed A/Stable Long-term Issuer Rating on AEON Mall

JCR Affirmed A-/Stable and J-1 on AEON KYUSHU

JCR Affirmed A/Stable Long-term Issuer Rating on United Super Markets Holdings

JCR Affirmed A/Stable, A, A- and J-1 on AEON Financial Service

JCR Affirmed A-/Stable Foreign Currency Long-Term Issuer Rating on AEON Thana Sinsap (Thailand)

JCR Affirmed A-/Stable and J-1 on AEON Housing Loan Service

JCR Affirmed A-/Stable, A- and J-1 on AEON Product Finance

[ Asset Securitization Products ] JCR Affirmed J-1 on Dispensing Fees Receivable ABL Program (Nanba Pharmacy)

Feb. 25, 2019

JCR Affirmed BBB/Stable, BBB, Preliminary BBB, BB+, and J-2 on ZENSHO HOLDINGS

JCR Affirmed A+/Stable Long-term Issuer Rating on Aflac Incorporated
JCR Affirmed AA/Stable Long-term Issuer Rating and Ability to Pay Insurance Claims on American Family Life Assurance Company of Columbus
JCR Affirmed AA/Stable Long-term Issuer Rating and Ability to Pay Insurance Claims on Aflac Life Insurance Japan

JCR Affirmed AA/Stable and AA on Advance Residence Investment Corporation

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL19-02 (D Hospital)

Feb. 22, 2019

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JCR Assigned A/Stable to Royal Bank of Scotland Group and NatWest Markets and A+/Stable to National Westminster Bank

JCR Assigned AA- Rating to Bonds of Hitachi Capital

JCR Assigned AA- Rating to Bonds of RICOH LEASING

JCR Assigned AA- Rating to Bonds of Tohoku Electric Power

JCR Affirmed A- Rating on Takasago Thermal Engineering; Revised Outlook from Stable to Positive

JCR Assigned Preliminary A- Rating to Shelf Registration of SEIBU HOLDINGS

JCR Affirmed A+/Stable and A+ on ASICS

JCR Affirmed A-/Stable, A- and J-1 on Mitsubishi Materials

Feb. 21, 2019

For Public Comments on Rating Methodology for Financial Groups' Holding Companies and Group Companies

JCR Assigned Preliminary A Rating to Shelf Registration of TAKARA HOLDINGS

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

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivale ABL19-02

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

Feb. 20, 2019

JETS International Five Limited 48

JCR Affirmed BBB+/Stable and BBB+ on NIPPON THOMPSON

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

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

JCR Affirmed AA+/Negative Long-term Issuer Rating on Shoko Chukin Bank

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL19-02 (F Hospital)

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL19-02

Feb. 19, 2019

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned A+ Rating to Bonds of NH Foods

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

JCR Affirmed A+ Rating on Mitsubishi Chemical Holdings; Revised Outlook from Positive to Stable

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

JCR Affirmed A+/Stable, A+, Preliminary A+ and J-1 on J. FRONT RETAILING

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

JCR Affirmed AA/Stable and AA on Nippon Prologis REIT

Feb. 18, 2019

JCR Affirmed A+/Negative Long-term Issuer Rating on Aichi Bank

JCR Downgraded Rating on Bank of Nagoya from A+/Negative, A+ and A to A/Stable, A and A-

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

JCR Affirmed A and Preliminary A on Nippon Paper Industries; Revised Outlook from Stable to Negative