The Japan Credit Rating Agency (JCR) is Japan’s main credit rating agency providing ratings to corporate and financial bond issuers in Japan.
JCR also provides rating advice for over 200 foreign issuers.
In addition to the rating guide, JCR is a source of economic and financial research, which it regularly publishes.
JCR provides rating advice to over 60% of Japan’s 1,000 publicly rated corporate issuers and over 70% of Japan’s financial industry.
JCR was officially registered in the US as a nationally recognized statistical rating organization in 2007 and certified in the European Union in 2011.
JCR uses two rating scales; one long-term and one short-term, with a long-term rating scale similar to that of S&P and Moody’s.
JCR is expanding its global network by entering into alliances with foreign rating agencies, as well as obtaining approval as a rating agency in various countries.
The Bank Note Swap Rate (BBSW) is a short-term interest rate used as a benchmark for valuing Australian dollar derivatives and securities, primarily floating rate bonds.
A basis point is a standard measure of interest rates and other percentages in finance.
– One basis point is equal to 1/100th of 1%, or 0.01% (and 0.0001 in decimal).