News Release

Jan. 19, 2017

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Fees Receivable ABL Program (Gokikai)

Jan. 18, 2017

Cypher Limited 290

Sylph Limited 1839

JCR Assigned AA- to Bonds of Kyushu Electric Power

JCR Assigned A- to SMFG's Tier 1 Bonds with loss absorption clause

JCR Assigned AAA to Bonds of East Nippon Expressway

JCR Affirmed A-/Stable and J-1 on Mitsui Sugar

JCR Affirmed BBB+/Stable and BBB+ Rating on TONAMI HOLDINGS

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 17010

Jan. 17, 2017

JCR Upgraded Rating on SQUARE ENIX HOLDINGS to A/Stable

JCR Assigned A+ Rating to Sub. Bonds of MS&AD Insurance Group HD

JCR Affirmed AA-/Stable, AA-, Preliminary AA- and J-1+ on TOKYU

JCR Affirmed AA-/Stable Long-term Issuer Rating on ROHM

JCR Affirmed A+/Stable, A+ and J-1 Rating on Don Quijote HD

JCR Affirmed AA+/Stable, AA+, Preliminary AA+ and J-1+ on NTT DATA

JCR Affirmed BBB+/Stable on Yasuda Logistics

JCR Affirmed BBB+/Stable on Chuo Warehouse

JCR Affirmed BBB/Stable Long-term Issuer Rating on Sintokogio

JCR Affirmed BBB+ on ABL of Sumitomo Mitsui Trust ABL11150

JCR Affirmed BBB- on ABL of Sumitomo Mitsui Trust ABL11151

Jan. 16, 2017

Takata Reaches Agreement with US DOJ – Ratings Unchanged, Keeping an Eye on Restructuring Efforts

JCR Assigned A/Stable Long-term Issuer Rating to JAPAN WOOL TEXTILE

JCR Assigned AA Preliminary Rating to EDF's JPY Bonds

JCR Affirmed A+/Stable and J-1 on ITO EN

JCR Affirmed A+/Stable and J-1 on JGC

JCR Affirmed A+/Stable and J-1 on kabu.com Securities

JCR Affirmed BBB/Stable LT Issuer Rating on Monex Group, Monex

JCR Affirmed BBB-/Stable on Howa Bank

JCR Affirmed AA+/Negative and AA+ on JASSO

Jan. 13, 2017

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned AAA to Bonds of Aichi Prefecture

JCR Affirmed A+/Stable on Fukuoka Kogyo Daigaku

JCR Assigned Preliminary A to Shelf Registration of DAIBIRU

JCR Affirmed AA-/Stable and AA- Rating on Sumitomo Warehouse

JCR Affirmed AA/Stable, AA and J-1+ Rating on Mitsubishi Logistics

JCR Affirmed AA+/Stable and J-1+ on Master Trust Bank of Japan

JCR Affirmed AA+/Stable and J-1+ on Japan Trustee Services Bank

Jan. 12, 2017

JCR Assigned A/Stable Long-term Issuer Rating to SIA REIT

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Affirmed AA/Stable on Sony Life Insurance

Jan. 11, 2017

JCR Assigned A+ to Subordinated Bonds of Mizuho Financial Group

JCR Assigned AA- Rating to Bonds of Odakyu Electric Railway

JCR Affirmed AA-/Stable, AA- and J-1+ on Hitachi Capital

JCR Affirmed AA/Stable Long-term Issuer Rating on Toyo University

Jan. 10, 2017

JCR Assigned AA Rating to CAF's BRL Water Bonds

Jan. 06, 2017

JCR Assigned Pre. A+ to Sub. Bonds of MS&AD Insurance Group HD

JCR Assigned A- to Bonds of TOBU RAILWAY

Jan. 04, 2017

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Elect. Rec. Receivable ABL16-12

Dec. 29, 2016

Series 72 Unsecured Trust Bonds

JCR Assigned BBB Rating to Subordinated Loan of NIPRO

JCR Affirmed BBB-/Stable and BB+ (Sub.) on SHIMANE BANK

JCR Affirmed A-/Stable and BBB+ (Sub.) on Kita-Nippon Bank

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL16-12

[ Asset Securitization Products ] JCR Assigned A- and BBB to Project Advance

Dec. 28, 2016

ZEST Investments B 1606-B01

leases receivable 19

loans receivable 13

JCR Upgraded Rating on DISCO from A+/Positive to AA-/Stable

JCR Upgraded Rating on SCREEN HLD from BBB/Positive to BBB+/Stable

JCR Affirmed A+ (FC) Rating on Hotel Lotte; Outlook Negative

JCR Assigned BBB Rating to Subordinated Loan of Tokyo Tatemono

JCR Affirmed AA/Stable on Concordia Financial Group
JCR Affirmed AA/Stable on Bank of Yokohama
JCR Affirmed AA-/Stable on Higashi-Nippon Bank

JCR Affirmed A+/Stable on Japan Net Bank

JCR Affirmed BBB+/Stable on Shinsei Securities

JCR Affirmed A-/Positive and J-1 on Yasuda Real Estate

JCR Affirmed A-/Stable on OKAYA & CO.

JCR Withdraws AAA/Negative Long-term Issuer Rating on TOKYO GAS

Dec. 27, 2016

JCR Upgraded Sumitomo Rubber Rating from A+/Positive to AA-/Stable

JCR Upgraded Rating on Hiroshima Bank from A+/Positive to AA-/Stable

JCR Placed Rating on MITSUMI ELECTRIC under CM #A-/Positive

JCR Assigned BBB/Stable LT Issuer & J-2 ST Issuer Rating to Nojima

JCR Assigned Preliminary BBB Rating to Subordinated Loan of NIPRO

JCR Affirmed A+/Stable and J-1 on MINEBEA

JCR Affirmed A/Stable on Nippon Paper Industries

JCR Affirmed J-1+ on CP of TOYOTA MOTOR

JCR Affirmed A+/Positive on NGK SPARK PLUG

JCR Affirmed J-1 Rating on CP of Nippon Steel & Sumikin Coated Sheet

JCR Affirmed A-/Stable Long-term Issuer Rating on YAMAZEN

JCR Affirmed AAA/Negative Long-term Issuer Rating on NHK

JCR Affirmed AA-/Stable (FC) Rating on POSCO

Dec. 26, 2016

JCR Affirmed A/Stable and J-1 on Mitsui Chemicals

JCR Affirmed J-1 on CP of UC Card

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL16-12 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corp. Bills Rec. ABL16-12

[ Asset Securitization Products ] JCR Assigned J-1+ to MSNW Trust Certificate Series 16120

Dec. 22, 2016

JCR Upgraded Rating on PACIFIC INDUSTRIAL to A-/Stable

JCR Affirmed A on Kenedix Retail REIT; Revised Outlook to Positive

JCR Affirmed A/Stable and J-1 on TAKARA HOLDINGS

JCR Affirmed BBB/Positive Long-term Issuer Rating on EIKEN CHEMICAL

JCR Affirmed BBB-/Negative and J-2 on AKEBONO BRAKE INDUSTRY

JCR Affirmed AAA/Stable and AAA ratings on IBRD

JCR Affirmed AA Rating on CAF with Stable Outlook

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL16-12

[ Asset Securitization Products ] JCR Assigned J-1+ to A Corp. Bills Receivable Senior Ben. Int. 16-12

Dec. 21, 2016

JCR Removed CM; Affirmed A+ on JXHD, Upgraded TonenGeneral to A+

JCR Affirmed BBB+/Stable on Kintetsu Group Holdings

JCR Affirmed A-/Stable on Maruzen Showa Unyu

JCR Affirmed A/Stable and A- (Sub.) on Kiyo Bank