News Release

Mar. 01, 2016

JCR Affirmed A/Stable LT Issuer Rating on FIRST BANK OF TOYAMA

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Howa Bank

JCR Assigned A- Rating to Bonds of NEC Capital Solutions

Feb. 29, 2016

Trust Bonds No.125

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable ABL16-02 (A Corp. in Niigata)

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL16-02

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL16-02

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

Feb. 26, 2016

JCR Assigned Pre BBB- to Sumitomo Mitsui Trust ABL11341

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL16-02

JCR Assigned Pre BBB+ to Sumitomo Mitsui Trust ABL11339

JCR Assigned Pre BBB+ to Sumitomo Mitsui Trust ABL11340

JCR Assigned A+ and A- to Bonds of Mitsubishi UFJ Financial Group

JCR Assigned A+ Rating to Bonds of Nishi-Nippon Railroad

JCR Affirmed J-1 on CP of Mitsubishi Electric Credit; Max Amount Up

JCR Affirmed A/Positive, A and J-1 on DOWA HOLDINGS

JCR Affirmed AAA/Stable on Development Bank of Japan Inc.

Business Integration between Fukuoka Financial Group and Eighteenth Bank - Limited Impact on Ratings

Feb. 25, 2016

Series 1602-B01

Series 1602-B02

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

[ Asset Securitization Products ] JCR Assigned J-1+ to MSNW Trust Certificate Series 16020

JCR Assigned BBB+ Rating to Subordinated Loan of ISUZU MOTORS

JCR Assigned AA to Bonds of Chugoku Electric Power Company

JCR Placed Sharp's Rating under Credit Monitor #B+[Positive]

Feb. 24, 2016

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

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

JCR Affirmed BBB+ (FC/LC) ratings on IRFC

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

Feb. 23, 2016

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

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL16-02

JCR Assigned AAA to Bonds of Tokyo Metro

JCR Affirmed A Rating on JRHI; Revised Outlook to Positive

JCR Affirmed BB-/Stable on Asahi Mutual Life Insurance

Feb. 22, 2016

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corp. Bills Rec. ABL16-02

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL16-02 (F Hospital)

JCR Assigned Pre A- to Shelf; Affirmed A-/Stable, J-1 on Orient Corp.

Century Tokyo Leasing to Wholly Own CSI Leasing - No Impact on Rating

Feb. 19, 2016

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL16-02 (D Hospital)

JCR Assigned AAA Ratings to AfDB's Bonds

JCR Assigned AA- Rating to Bonds of Tohoku Electric Power

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

JCR Assigned A+ Rating to Bonds of Daiwa Securities Group

JCR Assigned AAA Rating to Bonds of Metropolitan Expressway Company

Feb. 18, 2016

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 16020

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corp. Bills Rec. ABL16-02

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL16-02

JCR Assigned A+ Rating to Bonds of YOKOHAMA MINATOMIRAI RAILWAY

JCR Affirmed A- and J-1 on IHI; Revised Outlook to Stable

JCR Affirmed J-2 on CP of Furukawa Electric; Decrease in Max Amount

Feb. 17, 2016

JCR Withdraws J-1+ Rating on CP of NTT EAST

JCR Withdraws J-1+ Rating on CP of NTT WEST

JCR Assigned J-1+ Rating to CP of Electric Power Development

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

JCR Affirmed BBB/BBB+ on Hungary; Revised Outlook to Positive

JCR Affirmed AA-/Stable on PVO in Finland

JCR Affirmed AA-/Stable on TVO in Finland

JCR Affirmed AAA/AAA (FC/LC) Ratings on Singapore

JCR Affirmed BBB/BBB+ on NBH; Revised Outlook to Positive

Feb. 16, 2016

JCR Affirmed A-/Stable and J-1 Rating on JAPAN PULP AND PAPER

Feb. 15, 2016

JCR Affirmed A+/Stable and A+ Rating on MITSUBISHI PLASTICS

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

JCR Affirmed A on SONY; Revised Outlook from Negative to Stable

SoftBank Group's Acquisition of its Own Shares

JCR Assigned Pre. A+ Rating to Shelf Reg. of Century Tokyo Leasing

JCR Affirmed A+/Stable, A+ and Pre. A+ on Mitsubishi Chemical HD

JCR Affirmed A+/Stable and A+ on Mitsubishi Chemical Corporation

Feb. 12, 2016

[ Asset Securitization Products ] JCR Affirmed BBB+ on ABL of Accordia Golf Asset Godo Kaisha

JCR Assigned A+ Rating to Bonds of Sumitomo Mitsui Trust Holdings

Asahi Group Holdings to Acquire European Beer Brands

JCR Assigned Pre. A+ to Bonds of Mitsubishi UFJ Financial Group

JCR Affirmed A+/Stable on Kyoritsu Women's Educational Institution

JCR Upgraded Rating on Yokogawa Electric from A/Stable to A+/Stable

Feb. 10, 2016

TOMY's Revision of Earnings Forecasts - No Immediate Impact on Ratings

JCR Affirmed BBB-/Stable and J-2 on ZENSHO HOLDINGS

JCR Assigned AA Rating to Bonds of MORI TRUST Sogo Reit

JCR Affirmed BBB-/Negative, BBB- and J-2 on Nippon Sheet Glass

Feb. 09, 2016

JCR Affirmed AA/Stable on Nippon Prologis REIT

JCR Affirmed A+/Stable and J-1 on Sumitomo Realty & Development

JCR Affirmed A-/Stable, A-, Pre. A- and J-1 on Tokyu Fudosan HD

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency

Mitsui Mining and Smelting's Downward Rev. of Earnings Forecasts

JCR Affirmed BBB+ on Inageya; Revised Outlook fm Negative to Stable

JCR Affirmed AA/Stable, AA, Pre. AA and J-1+ on Mitsui Fudosan

JCR Affirmed AA+p/Stable LT Issuer Rating on Mitsubishi Estate

Feb. 08, 2016

Series CLN-83

JCR Assigned Pre A to Shelf Reg.; Affirmed A/Stable on SCSK

JCR Affirmed A/Stable on Wakkanai Shinkin Bank

JCR Affirmed A- Rating on Temp Holdings; Revised Outlook to Positive

JCR Downgraded Rating on Toho Zinc from BBB+/Stable to BBB/Stable

Feb. 05, 2016

JCR Affirmed AA/Stable and AA on Urban Renaissance Agency

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Assigned AAA to Bonds of Aichi Prefecture

JCR Assigned AA+ Rating to Bonds of NARITA INTERNATIONAL AIRPORT

JCR Affirmed A+/Stable, A+, Pre. A+ and J-1 on J. FRONT RETAILING

JCR Affirmed AA-/Stable LT Issuer Rating on Nomura Trust and Banking

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

Sumitomo Metal Mining Co., Ltd.'s Revision of Earnings Forecasts

Feb. 04, 2016

Series 1601-B03