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S&P: Japan Retail Fund Investment Corp.'s Series 9 Unsecured Bonds Assigned 'A' Rating Tokyo, Jan. 29, 2015--Standard & Poor's Ratings Services today assigned its 'A' rating to Japan Retail Fund Investment Corp.'s (JRF; A/Stable/A-1) ¥7.0 billion series 9 unsecured bonds due Feb. 5, 2025 (see list below).
Our rating on the bonds is the same as our long-term issuer rating on JRF, given our current rating on the J-REIT, the asset protection for the bonds, and the priority of payment of the bonds among the J-REIT's financial obligations.
RELATED CRITERIA AND RESEARCH Related Criteria
 Key Credit Factors For The Real Estate Industry, Nov. 19, 2013
 Corporate Methodology, Nov. 19, 2013
RATING ASSIGNED
Japan Retail Fund Investment Corp.
Issue Rating
Series 9, ¥7.0 bil. 0.765% bonds due Feb. 5, 2025 A
A Japanese-language version of this media release is available on Standard & Poor's Research Online at www.researchonline.jp, or via CreditWire Japan on Bloomberg Professional at SPCJ . Complete ratings information is available to subscribers of RatingsDirect at www.globalcreditportal.com and at spcapitaliq.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com. Use the Ratings search box located in the left column. Analytical Contacts: Yumi Oikawa, Tokyo (81) 3-4550-8775

yumi.oikawa@standardandpoors.com
Roko Izawa, Tokyo (81) 3-4550-8674; roko.izawa@standardandpoors.com

Media Contact: Tokyo Pressroom (81) 3-4550-8411

tokyo.pressroom@standardandpoors.com

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