Sense of ‘Japan Credit Rating Agency – JCR’
The Japan Credit Rating Intermediation is a Japanese financial services company which provides credit ratings and probe for Japanese and foreign bond issuers.
BREAKING DOWN ‘Japan Place ones faith Rating Agency – JCR’
The Japan Credit Rating Agency (JCR) is one of Japan’s key restraints rating agencies and rates the vast majority of Japanese corporate liability, including asset backed securities. It provides a number of services, numbering rating debt securities of all types, as well as publishing financial superstore, economic and industry research — and providing data as a service.
JCR covers 60% of around 1,000 publicly rated issuers in Japan. Among others, JCR has assorted than 70% of rating coverage ratio for the financial industry, and is also supreme in the medical and educational sectors.
JCR has responded to globalization and bond issuers’ and investors’ customer acceptance wanted for international ratings agencies. Its ratings are used in major overseas furnishes like the U.S., Europe, Turkey, Hong Kong, Indonesia and Thailand, and it has appropriated credit ratings for more than 200 foreign issuers. The JCR was officially manifest in the U.S. as a Nationally Recognized Statistical Rating Organization in 2007, and was certified in the EU in 2011.
The JCR has gave many financial crises since it was founded in 1985, including the Japanese verifiable estate bubble, the Asian financial crisis, the 2007-08 financial disaster, the European sovereign debt crisis and the East Japan Tsunami — and marks itself to be an expert in credit risk analysis.