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Bond & Rating Information

Bond & Rating Information

Bond Information

Issue Name Issue Date Maturity Date Year Principal Amount Interest Rate
Japan Post Holdings Series 1
(green bonds)
Sept. 1, 2022 Sept. 1, 2027 5 15,000 millions of yen 0.255%
Japan Post Holdings Series 2
(green bonds)
Sept. 1, 2022 Sept. 1, 2032 10 15,000 millions of yen 0.469%
Japan Post Holdings Series 3
(green bonds)
Sept. 1, 2022 Sept. 1, 2042 20 5,000 millions of yen 0.984%
Japan Post Holdings Series 4
Oct.24, 2023 Oct.24, 2028 5 26,000 millions of yen 0.603%

(As of October 18, 2023)

Rating Information

Credit Rating Agency Long - Term Issuer Rating
Japan Credit Rating Agency, Ltd. (JCR) AA+(Stable)

(As of October 6, 2023)

■The Historical Performance of the Credit Rating by JCR

Publication Date Long-term Issuer Rating Outlook
August 10, 2018 AA+ Stable
September 23, 2016 AA+ Negative

■Types of Credit Ratings and Definitions of Rating Symbols (JCR)

(1)Long-term Issuer Rating

The highest level of certainty of an obligor to honor its financial obligations
A very high level of certainty to honor the financial obligations
A high level of certainty to honor the financial obligations
An adequate level of certainty to honor the financial obligations. However, this certainty is more likely to diminish in the future than with the higher rating categories.
Although the level of certainty to honor the financial obligations is not currently considered problematic, this certainty may not persist in the future.
A low level of certainty to honor the financial obligations, giving cause for concern
There are factors of uncertainty that the financial obligations will be honored, and there is a possibility of default.
A high default risk
A very high default risk
JCR judges that while an obligor does not honor part of the agreed to financial obligations, but it honors all its other agreed to financial obligations.
JCR judges that all the financial obligations are, in effect, in default.

A plus (+) or minus (-) sign may be affixed to the rating symbols from AA to B to indicate relative standing within each of those rating scales.
(a) A Long-term Issuer Rating Scale enables comparison of the overall capacity of an obligor (issuer) to honor its entire financial obligations with such overall capacity of others.
(b) The same Definitions of Rating Symbols and Scales shall be applied to the Ability to Pay Insurance Claims Rating.


A Rating Outlook is JCR's opinion regarding the likely direction of an issuer rating or an ability to pay insurance claims rating in one or two years after determination of the rating. A Rating Outlook falls into the following five categories: Positive, Stable, Negative, Developing, or Multiple.
    Positive means that a rating may be raised, while Negative means it may be lowered. Stable means that a rating is not likely to change in the foreseeable future.
    In a few instances, Developing or Multiple Outlook is assigned. Developing means that a credit rating may be upgraded or downgraded. Multiple means that an issuer has multiple outlooks for its ratings when it is highly likely that a credit rating on individual bonds, bank loans, an issuer rating, etc. will be revised with different directions of rating.
    Even in cases where a rating outlook is Positive, Negative, Developing, or Multiple for a credit rating, it does not mean that the credit rating will necessarily be changed and, in the same way, even in cases where a rating outlook is Stable, the credit rating may be changed without changing the outlook in advance.

For more information, please refer to JCR's website.