SAPPORO HOLDINGS（2501）

News Release

Feb. 24, 2012
JCR Assigned A- Rating to Bonds of Sapporo HoldingsMember Only
Feb. 16, 2012
JCR Affirmed A-/Stable and J-1 Rating on Sapporo HoldingsMember Only
Sep. 02, 2011
JCR Assigned A- Rating to Bonds of Sapporo HoldingsMember Only
Feb. 10, 2011
Revised ratings on Sapporo Holdings to A-/Stable, A- and J-1Member Only
Jul. 13, 2010
Assigned BBB+ to bonds of Sapporo Holdings
Feb. 09, 2010
Affirmed BBB+ and J-2 on Sapporo Holdings ; Revised outlook to Positive
Feb. 02, 2009
Affirmed BBB+/Stable and J-2 on sr.debts and CP of Sapporo Holdings
Dec. 27, 2007
Affirmed BBB+/Stable and J-2 on sr.debts and CP of Sapporo Holdings
Jun. 21, 2007
Assigned BBB+ to bonds of Sapporo Holdings
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