News Release

Jun. 09, 2016

[ Asset Securitization Products ] JCR Assigned Pre. J-1+ to A Corp. Bills Rec. Senior Ben. Int. 16-06

JCR Affirmed BBB/Stable on Showa Aircraft Industry

JCR Downgraded Ratings on Brazil to BBB-/Stable and BBB/Stable

JCR Assigned Preliminary A to Shelf Reg. of SHOWA SHELL SEKIYU

JCR Affirmed A-, BBB and J-1 on NIPRO; Revised Outlook to Stable

JCR Assigned A- Ratings to JPY Bonds of Mexico

Jun. 08, 2016

JCR Assigned AA- to Bonds of Kyushu Electric Power

Highlights of Major Cement Companies' Financial Results for Fiscal Year Ended March 2016

Jun. 07, 2016

JCR Affirmed AAp/Stable on Japan Earthquake Reinsurance

JCR Affirmed AA+/Stable, AA- (Sub.) and J-1+ on Toa Reinsurance

Highlights of Major General Construction Companies' Financial Results for Fiscal Year Ended March 2016

JCR Assigned A Rating to Bonds of Japan Rental Housing Investments

JCR Affirmed A+/Stable Long-term Issuer Rating on Keiyo Bank

Jun. 06, 2016

Series 125

[ Asset Securitization Products ] JCR Affirmed AAA & BBB- on Toyonosato Beneficial Interest and ABL

JCR Affirmed A-/Stable Long-term Issuer Rating on Tono Shinkin Bank

JCR Affirmed A+/Stable Long-term Issuer Rating on Seibu Shinkin Bank

Jun. 03, 2016

JCR Assigned A+ to Subordinated Bonds of Mizuho Financial Group

JCR Assigned AA- Rating to Bonds of Mitsubishi UFJ Lease & Finance

JCR Assigned AA- Rating to Bonds of Hitachi Capital

JCR Assigned A+ Rating to Bonds of Mitsubishi Chemical Holdings

JCR Assigned A- Rating to Bonds of ANA HOLDINGS

JCR Assigned AAA Rating to Bonds of Tokyo Metro

JCR Assigned AA+ Rating to Bonds of Nippon Building Fund

JCR Affirmed A/Stable LT Issuer Rating on Hiroshima Shinkin Bank

Jun. 02, 2016

JCR Affirmed AA+/Stable and J-1+ on Mitsui Sumitomo Insurance
JCR Affirmed AA+/Stable and J-1+ on Aioi Nissay Dowa Insurance

JCR Upgraded Rating on Sompo Japan Nipponkoa from AA/Positive to AA+/Stable
JCR Upgraded Rating on Saison Automobile and Fire Insurance from A/Positive to AA-/Stable

JCR Affirmed BBB/Stable and BBB- on Minami-Nippon Bank

JCR Affirmed AAA/Stable on Tokio Marine Holdings
JCR Affirmed AAA/Stable on Tokio Marine & Nichido Fire Insurance

JCR Assigned BBB+/Stable and BBB+ Rating to ARATA CORPORATION

Jun. 01, 2016

JCR Assigned Pre A to CS Mega Solar Green Proj. 3 Ben. Int/Trust ABL

JCR Assigned Pre A to CS Mega Solar Green Proj. 2 Ben. Int/Trust ABL

Highlights of Major Milling Companies' Financial Results for Fiscal Year Ended March 2016

Highlights of Warehouse Companies' Financial Results for Fiscal Year Ended March 2016

JCR Assigned AA+ Rating to Bonds of J-Power

JCR Assigned AA Rating to Bonds of DAIWA HOUSE INDUSTRY

JCR Assigned A- Rating to Bonds of Tokyu Fudosan Holdings

JCR Affirmed BBB-/Stable on TOMY

JCR Affirmed J-1+ on CP of Kansai Electric; Decrease in Max. Amount

JCR Affirmed BBB/Stable Long-term Issuer Rating on Oenon Holdings

May. 31, 2016

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL16-05

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL16-05

Highlights of Heavy Machinery Manufacturers' Financial Results for Fiscal Year Ended March 2016

JCR Withdraws A-/Negative LT Issuer Rating on Yokohama Shinkin Bank

JCR Affirmed A+/Stable, A+, Preliminary A+ and J-1 on Marubeni

JCR Affirmed A+ on EMTN of Marubeni
JCR Affirmed A+ on EMTN of Marubeni Finance Europe

JCR Affirmed A- Rating on ARIAKE JAPAN; Revised Outlook to Positive

JCR Affirmed J-2 Rating on CP of KYOKUYO

JCR Affirmed AA+p/Stable LT Issuer Rating on Shin-Etsu Chemical

May. 30, 2016

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL16-05

JCR Affirmed J-1+ on CP of NTT FINANCE; Increase in CP Max. Amount

Highlights of Major Real Estate Companies' Financial Results for Fiscal Year Ended March 2016

JCR Assigned A- to Bonds of Showa Sangyo

JCR Affirmed BBB-/Stable and BBB- Rating on NIHON CHOUZAI

May. 27, 2016

Trust Bond Series 37 issued by The Nomura Trust & Banking Co. Ltd.

Series CLN-83

JCR Placed CM on Rating of WILLOW NO.2 Series 002 to #AA-[Negative]

Highlights of Electric Power Companies' Financial Results for Fiscal Year Ended March 2016

JCR Assigned BBB+ Rating to Bonds of Sojitz

JCR Assigned A+ Rating to Subordinated Bonds of SMFG

JCR Assigned A Rating to Bonds of Nomura Real Estate Holdings

JCR Affirmed AA-/Stable and AA- Rating on TOKYU REIT

JCR Affirmed AA/Stable LT Issuer Rating on Shinkin Central Bank

JCR Affirmed A/Stable LT Issuer Rating on Shinkin Guarantee Fund

JCR Assigned A Rating to Bonds of ACOM

JCR Assigned AA+ Rating to Bonds of JASSO

JCR Affirmed AAA and Preliminary AAA on Central Japan Railway

JCR Affirmed A+/Stable on Yamagata Bank

May. 26, 2016

Series 1605-B01

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL16-05 (D Hospital)

Highlights of Major Special Steel Manufacturers' Financial Results for Fiscal Year Ended March 2016

Highlights of Major Information Services Companies' Financial Results for Fiscal Year Ended March 2016

JCR Assigned AA- Rating to Bonds of Suntory Holdings

JCR Affirmed AAAp Rating on the EBRD with Stable Outlook

JCR Affirmed AA-/Stable, AA-, Pre AA-, J-1+ on Sumitomo Metal Mining

JCR Assigned AA-/Stable Rating to Hitachi Capital Insurance

JCR Assigned J-1 Rating to CP of Marubeni-Itochu Steel

JCR Assigned BBB+ Rating to Bonds of Nankai Electric Railway

Merger Agreement between NMF and Top REIT - Impact on NMF's Rating is Limited

May. 25, 2016

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corp. Bills Rec. ABL16-05

[ Asset Securitization Products ] JCR Assigned J-1+ to MSNW Trust Certificate Series 16050

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Affirmed A on TonenGeneral Sekiyu; Revised Outlook to Stable

Highlights of Major Japanese Automakers' Financial Results for Fiscal Year Ended March 2016

JCR Assigned AA- to Bonds of Kansai Electric Power Company

JCR Affirmed BBB+/Stable LT Issuer Rating on Kita Osaka Shinkin

May. 24, 2016

JCR Assigned Preliminary AA-, A+ and A-to Shelf Registration of MHFG

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

JCR Assigned Pre. AA Rating to Shelf Registration of ASAHI KASEI

May. 23, 2016

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL16-05

JCR Affirmed A/Stable Long-term Issuer Rating on AOKI Holdings

JCR Affirmed A-/Stable LT Issuer Rating on Seto Shinkin Bank

JCR Affirmed J-2 Rating on CP of Daio Paper; Increase in CP Maximum

JCR Affirmed A-/Stable LT Issuer Rating on Saitamaken Shinkin Bank

JCR Affirmed AA- on MORI HILLS REIT; Revised Outlook to Positive

May. 20, 2016

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corp. Bills Rec. ABL16-05

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL16-05

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL16-05 (F Hospital)

JCR Assigned A+ to Bonds of Sumitomo Realty & Development

JCR Assigned BBB+ to Bonds of UNIZO Holdings