News Release

Mar. 17, 2017

JCR Affirmed A-/Stable, A-, Pre. A- and J-1 on Orient Corp

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 17030

Mar. 16, 2017

JETS International Five Limited 176

JCR Assigned A/Stable LT Issuer Rating to United Super Markets HLD

JCR Assigned A-/Stable LT Issuer Rating and J-1 to SINANEN HOLDINGS

JCR Affirmed BBB+/Stable and BBB+ on NAGATANIEN HOLDINGS

JCR Affirmed AA/Stable and AA on Frontier Real Estate Investment

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

Mar. 15, 2017

JCR Assigned A- to Bonds of Tokyo Tatemono

JCR Assigned BBB+ to Bonds of Daio Paper

JCR Assigned A Rating to Sub. Bonds of Bank of Nagoya

JCR Assigned AAA to Bonds of Aichi Prefecture

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

JCR Affirmed A+/Positive Long-term Issuer Rating on HAMAMATSU PHOTONICS

JCR Affirmed AA/Stable Long-term Issuer Rating on Gunma Bank

JCR Affirmed AAA/Stable ratings on Canada

Mar. 14, 2017

JCR Assigned AA- Rating to Sub. Bonds of Concordia Financial Group

JCR Assigned A+ Rating to Bonds of Don Quijote Holdings

JCR Affirmed BBB/Stable and BBB on Sodick

JCR Affirmed AA+/Stable on SECOM

JCR Affirmed A+/Negative on SANKEI BUILDING

Mar. 13, 2017

loans receivable 14

leases receivable 20

JCR Upgraded Rating on Shibusawa Warehouse from BBB+/Positive to A-/Stable

JCR Affirmed A/Stable and A- (Sub.) on SBI Sumishin Net Bank

JCR Affirmed AA-/Stable on Sony Bank

JCR Withdraws AA/Negative and AA on Urban Renaissance Agency

Mar. 10, 2017

JCR Assigned A- Rating to Bonds of SEIBU HD

JCR Assigned AA- Rating to Bonds of SAIBU GAS

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of MES

JCR Assigned Pre. A+ Rating to Shelf Reg. of Don Quijote Holdings

Mar. 09, 2017

JCR Affirmed A-/Stable, BBB (Sub.) and J-1 on Tokyo Tatemono

JCR Affirmed AA/Stable on Showa University

JCR Affirmed AA+/Stable and AA+ on NARITA INTERNATIONAL AIRPORT

[ Asset Securitization Products ] JCR Assigned Pre. J-1+ to A Corp. Bills Rec. Senior Ben. Int. 17-03

Mar. 08, 2017

JCR Assigned A+ Rating to Bonds of NSK

JCR Assigned A Rating to Bonds of HOKKAIDO GAS

JCR Affirmed BBB/Positive and BBB on KYORITSU MAINTENANCE

JCR Affirmed AA/Stable on Kanagawa University

Mar. 07, 2017

JCR Assigned A- Rating to Subordinated Loan of Don Quijote Holdings

JCR Affirmed BBB-/BBB Ratings on Indonesia; Outlook Positive

Mar. 06, 2017

JCR Placed Rating on MINATO BANK under Credit Monitor #A/Positive, #A-/Positive (Sub.)
JCR Placed Rating on Kansai Urban Banking under Credit Monitor #A-/Positive, #J-1/Positive

Mar. 03, 2017

JCR Assigned A Rating to Bonds of TEPCO Power Grid

JCR Assigned BBB+ Rating to Bonds of Sojitz Corporation

JCR Assigned BBB+ to Bonds of NIPPON THOMPSON

Major Tire Manufacturers' Financial Results for FY2016

Mar. 02, 2017

JCR Assigned A- Rating to Bonds of SoftBank Group

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

Mar. 01, 2017

JCR Placed Rating on Mie Bank under Credit Monitor #A/Negative,
JCR Placed Rating on Daisan Bank under Credit Monitor #BBB+/Positive, #BBB/Positive (Sub.)

JCR Assigned A- Rating to Bonds of NEC Capital Solutions

JCR Affirmed A- Rating on OKAMURA; Revised Outlook to Positive

JCR Affirmed A+/Stable on Yokogawa Electric

JCR Withdraws A and J-1 on MITSUMI ELECTRIC

Feb. 28, 2017

JCR Upgraded Rating on JRHI from A/Positive to A+/Stable

JCR Assigned BB/Stable FC Long-Term Issuer Rating to Avation PLC

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Assigned Pre. BBB+ Rating to Shelf Registration of HEIWA REAL ESTATE

JCR Affirmed J-1+ on CP of Asahi Group Hldg; Increase in CP Maximum

JCR Affirmed AA-/Stable on Sekisui House SI Residential Inv. Corp.

JCR Assigned A to SGET Usa Mega Solar Power Station Proj. BI

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable ABL17-02 (A Corp. in Niigata)

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL17-02

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL17-02

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills & Elect. Rec. Receivable ABL17-02

Feb. 27, 2017

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Affirmed A-/Stable and J-1 on AEON KYUSHU

JCR Affirmed A/Stable, A- (Sub.) and J-1 on AEON Financial Service

JCR Affirmed A-/Stable on AEON Thana Sinsap (Thailand)

JCR Affirmed A-/Stable and J-1 on AEON Housing Loan Service

JCR Affirmed AA/Negative and AA on NKIAC and KIALC

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corp. Bills Rec. ABL17-02

[ Asset Securitization Products ] JCR Assigned J-1+ to MSNW Trust Certificate Series 17020

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL17-02

Feb. 24, 2017

JCR Upgraded Rating on DOWA HOLDINGS from A/Positive to A+/Stable

JCR Upgraded Rating on Temp Holdings from A-/Positive to A/Stable

JCR Assigned Pre. AA- to Sub. Bonds of Concordia Financial Group

JCR Assigned A- Rating to Bonds of Konoike Transport

JCR Assigned A to Bond; Affirmed A/Stable and J-1 on MCJ

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Affirmed A-/Stable, A- and J-1 on MITSUBISHI MATERIALS

JCR Affirmed A+/Stable and J-1 Rating on Sumitomo Bakelite

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

JCR Affirmed AA-/Stable and AA- on Daiwa Office Investment Corp.

Feb. 23, 2017

JCR Assigned AA to Bonds of Sumitomo Electric Industries

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL17-02 (D Hospital)

[ Asset Securitization Products ] JCR Affirmed J-1 on Dispensing Fees Rec. ABL Program (Nanba Pharm.)

Feb. 22, 2017

[ Asset Securitization Products ] JCR Assigned J-1+ on 3rd Trust Beneficial Interest

Sekisui House’s Conversion of a US Homebuilder into its Wholly-owned Subsidiary – No Impact on Rating, JCR Will Watch Future Synergies

JCR Assigned A Rating to Bonds of Yahoo Japan Corporation

JCR Assigned AA- Rating to Bonds of Tohoku Electric Power

JCR Assigned AA- Rating to Bonds of Hitachi Capital

JCR Assigned AAA Rating to Bonds of NTT FINANCE

JCR Affirmed A+/Stable and J-1 on NH Foods

JCR Affirmed BBB/Stable Long-term Issuer Rating on Toyo Logistics

JCR Affirmed AA/Stable on ORIENTAL LAND

JCR Affirmed A+/Stable and A (Sub.) on SHIGA BANK

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corp. Bills Rec. ABL17-02

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL17-02

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

Feb. 21, 2017

JCR Upgraded Ratings of National Bank of Hungary to BBB+/A- with Stable Outlook