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Source Issuer Rating
AA_DE IDEAL Lebensver.. A+
AA_DE VGH Provinzial .. A+
AA_DE IDEAL Versicher.. A
AA_DE Neue Bayerische.. A+
JCRER - 2018-03-15
JCR Eurasia Rating has affirmed the credit ratings of Ak Faktoring A.Ş. and “Cash Flows arising from Bond Issuances” as ‘BBB+ (Trk)’ on the Long Term National Scale and A-2 (Trk) on the Short Term Nat

JCRER - 2017-09-29
JCR Eurasia Rating has reaffirmed the credit ratings of the consolidated structure of “Boyner Perakende ve Tekstil Yatırımları Anonim Şirketi and its Subsidiary “and “Cash Flows Relating to the Outsta

JCRER - 2017-09-29
JCR Eurasia Rating has reviewed and affirmed the credit ratings of T.C. Ziraat Bankası A.Ş. and its Consolidated Structure as ‘AAA (Trk)’ on the Long Term National scale and ‘BBB-‘ on the Long Term In

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Japan Credit Rating Agency
Country of Residence:
Languages spoken:
English, Japanese

Japan Credit Rating Agency, Ltd (“JCR”) is a Japan based rating agency active in all market segments. JCR operates under the issuer-pays model and covers mainly Japanese and foreign issuers in the Japanese market. JCR rates around two-thirds of Japanese rated corporates in Japan.

Registered as CRA in the EU:
Certified as CRA in the EU:
ECAI Status:
European Union, Hong Kong, China, Indonesia, Japan
Registered as CRA in:
Japan, United States

Registration status in the EU: JCRA is certified as CRA with ESMA since January 6th, 2011.

JCRA is an ECAI across the whole European Union since January 1st, 2014 (until December 2013, it was recognized in 6 EU countries). 

On November 1st, 2016, the following mapping of ECAI ratings to the 6 Credit Quality Steps under the Standardized approach for Banks (Capital Requirements Regulation, CRR) and the 7 Steps under Solvency II for insurances in the EU entered into force:


Note that additional rating scales may have been mapped. To view all mappings, login with your account and read the “RP Research” on this agency. To see how this agency’s mapping compares with other agencies, please read our dedicated page on the EU ECAIs.


Registration outside of the EU: JCR is registered as CRA in Japan. JCR is also registered as NRSRO in the United States except for its ratings on Asset-Backed Securities

JCR is recognized as ECAI by the Hong Kong Monetary Authority. JCR is accredited by Bank Indonesia as a recognized CRA for its regulation for corporate external debt management in Indonesia.

Market Segments Covered:
Other Corporates, Financial Institutions, Sovereign and Public Finance, Structured Finance
Countries Covered:
International, Japan
Business Model:

Coverage: : JCR covers Corporates, Financial Institutions, Medical Institutions, Educational Institutions, Sovereign, Supranational, Public Sector Entities and Structured Finance Products such as ABS, RMBS, CDO, CMBS, WBS, Repackaged Financial Instruments, ABCP, Project Finance, Ship Finance, Aviation Finance, J-REIT.

Availability of ratings and reports at website: JCR displays the list of rated entities according to the different market segments. Short reports in English are available.