Definition of the Japanese Credit Rating Agency (JCR)
The Japan Credit Rating Agency is a Japanese financial services company that provides credit ratings and research to Japanese and foreign bond issuers.
Understanding the Japan Credit Rating Agency (JCR)
The Japan Credit Rating Agency (JCR) is one of Japan’s leading bond rating agencies and rates the vast majority of Japanese corporate debt, including asset-backed securities. It provides a number of services, including the rating of debt securities of all types, as well as the publication of financial market, economic and industrial research – and the provision of data as a service.
JCR covers 60% of around 1,000 rated issuers in Japan. Among other things, JCR has over 70% rating coverage for the financial sector and is also dominant in the medical and educational sectors.
JCR has responded to globalization and to demand from bond issuers and investors for international rating agencies. His ratings are used in major foreign markets such as the United States, Europe, Turkey, Hong Kong, Indonesia, and Thailand, and he has assigned credit ratings to more than 200 foreign issuers. The JCR was officially registered in the United States as a nationally recognized statistical scoring organization in 2007 and was certified in the EU in 2020.
JCR has experienced many financial crises since its inception in 1985, including the Japanese housing bubble, the Asian financial crisis, the 2007-08 financial crisis, the European sovereign debt crisis and the East Japan tsunami – and considers himself an expert in credit risk analysis.