23-D-1157
December 1, 2023

Japan Credit Rating Agency, Ltd. (JCR) announces the following credit rating.

Amp Green Project Bond Trust (Miyazaki) Trust ABL<Affirmation>
ABL:

BBBRationale
This is a rating for project finance for a solar power generation project in Kushima-shi, Miyazaki Prefecture,sponsored by Amp Co., Ltd. The project is under construction aiming to commencing operation inDecember 2023, and delay in the construction is not observed. There are no events that change theassumption of cash flows at the time of providing the rating. Based on the above, JCR has affirmed therating of BBB on the Trust ABL.
Daisuke Sugo, Tetsuya Nakagawa
Rating<Affirmation>
Instrument Name
Trust ABL

Initial Execution Amount
JPY 9,230,000,000

Trust Termination Date
Apr. 1, 2043

Coupon Type
FixedRating

BBB<Information on Outline of Issue>
Trust Establishment Date:
December 22, 2021
ABL Execution Date:
December 22, 2021
Repayment Method:
Scheduled Repayment
Credit Enhancement & Liquidity Facility:
NACash Reserve and Senior-subordinated Structure as Credit Enhancement & Liquidity Facility withrespect to loan claims, which are the underlying assets<Information on Structure and Stakeholders>
Entrustor:
Trustee:Mega Solar Project Company:
Asset Manager:
Arranger:Mizuho Securities Co., Ltd.
Mitsubishi HC Capital Trust Corporation
AC23 G.K.
Amp Co., Ltd.
Mizuho Securities Co., Ltd.

<Information on Underlying Assets>
Outline of Underlying Assets:

Loan claims against the mega solar projectcompany

Rating Assignment Date: November 29, 2023
The assumptions for the credit ratings and the definitions of the rating symbols are published as "Types of Credit Ratings and Definitionsof Rating Symbols" (January 6, 2014) in Information about JCR Ratings on JCR's website (https://www.jcr.co.jp/en/).
Outline of the rating methodology is shown as "Project Finance" (August 28, 2012) in Information about JCR Ratings on JCR'swebsite (https://www.jcr.co.jp/en/). Rating methodologies for other ancillary points such as eligible deposit accounts andbankruptcy remoteness are also shown within the same page.
The rating stakeholder participated in the rating process of the aforementioned credit ratings.

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