Japan Pulp and Paper Company Limited
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Credit Ratings

Japan Pulp & Paper Co., Ltd. has received credit ratings from the following rating agencies.

Japan Credit Rating Agency, Ltd. (JCR)
Type of Rating Rating Outlook Announced
Long-term Issuer Rating A Stable February 16, 2022
CP J-1 ― February 16, 2022
Rating and Investment Information, Inc. (R&I)
Type of Rating Rating Rating Outlook Announced
Issuer Rating A Stable February 24, 2022
Commercial Paper a-1 ― February 24, 2022

For further information on ratings, please refer to the following websites.

Japan Credit Rating Agency, Ltd. (JCR) : https://www.jcr.co.jp/en/ratinglist/corp/8032/

Rating and Investment Information, Inc. (R&I) : https://www.r-i.co.jp/en/index.html/

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