News Release

Nov. 12, 2015

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency

JCR Affirmed A+/Stable and A+ on Nippon Yusen Kabushiki Kaisha

JCR Affirmed BBB+ and Preliminary BBB+ on Kintetsu Group Holdings

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Affirmed J-2 Rating on CP of KOKUSAI PULP & PAPER

Nov. 11, 2015

JCR Affirmed AA-/Stable and J-1+ on SMFL

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

HASEKO Corporation to Make JOINT CORPORATION Its Subsidiary

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

JCR Affirmed A+/Stable and J-1 on MG Leasing

Nov. 10, 2015

JCR Affirmed BBB+/Stable LT Issuer Rating on Namura Shipbuilding

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

JCR Withdraws AAA (FC) Rating on LBBW

JCR Affirmed A/Stable, A, Pre. A and J-1 on Fuyo General Lease

JCR Affirmed A/Stable and J-1 Rating on Sharp Finance Corporation

JCR Affirmed A-/Stable Long-term Issuer Rating on IT Holdings
JCR Affirmed A-/Stable Long-term Issuer Rating on TIS
JCR Affirmed A-/Stable Long-term Issuer Rating on INTEC

Nov. 09, 2015

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

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

JCR Assigned BBB-/Stable Long-term Issuer Rating to Akatsukikai

JCR Affirmed A/Stable Rating on EZAKI GLICO

Nov. 06, 2015

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

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned A+ Rating to Bonds of Daiwa Securities Group

Assigned AAA to Bonds of Aichi Prefecture

Nov. 05, 2015

JCR Upgraded Daido Life Insurance Company from A+/Stable to AA-/Stable
JCR Upgraded Taiyo Life Insurance Company from A+/Stable to AA-/Stable
JCR Upgraded T&D Financial Life Insurance Company from A+/Stable to AA-/Stable

JCR Affirmed AAA/Stable and AAA ratings on IBRD

Nov. 04, 2015

JCR Downgraded Ratings on Takata from BBB+/Negative to BBB-/Negative

JCR Affirmed A/Stable on IZUMI

Sapporo Shinkin Bank to Merge With Hokkai Shinkin Bank and Otaru Shinkin Bank

Nov. 02, 2015

JCR Affirmed A-/Stable Long-term Issuer Rating on AIN HOLDINGS

Re-elections in Turkey

Oct. 30, 2015

JCR Affirmed AAA on ABL of HC Ayasegawa

Affirmed AAA on Beneficial Interest of HC Ayasegawa

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL15-10

JCR Affirmed J-1 on CP of Yanmar Holdings; Increase in Maximum Amount

JCR Assigned Pre. AA Rating to Shelf Registration of Sekisui House

JCR Affirmed AA+ (FC) Rating on EDF with Stable Outlook

JCR Affirmed BBB/Negative and J-2 on Accordia Golf

JCR Assigned A+/Stable Rating to YOKOHAMA MINATOMIRAI RAILWAY

SECOM to Acquire Asahi Security

Oct. 29, 2015

JCR Affirmed BBB+ on Godo Kaisha Residential One (Class B Loan)

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL15-10

JCR Affirmed A+/A+ (FC/LC) Ratings on Slovenia; Revised Outlook to Stable from Negative

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Affirmed BBB/Stable Long-term Issuer Rating on BANK OF KOCHI

JCR Removed CM; Affirmed AAA on Tokio Marine Holdings
JCR Removed CM; Affirmed AAA on Tokio Marine & Nichido Fire Insurance

JCR Affirmed BBB and J-2 on Shinsho Corp.; Revised Outlook to Stable

JCR Assigned AA/Stable and Preliminary AA to FAST RETAILING

Oct. 28, 2015

JCR Assigned A to Kurimoto Mega Solar Proj. Ben.Int/Trust ABL

Nippon Life to Acquire Life Insurance Business in Australia

JCR Affirmed BBB-/Stable and J-2 on Taiyo Oil Company

JCR Affirmed J-2 Rating on CP of Seibu Oil

Hulic's Acquisition of Shares in Simplex Investment Advisors, etc.

JCR Affirmed A/Stable on FUKUYAMA TRANSPORTING

Oct. 27, 2015

JCR Affirmed J-2 Rating on CP of DAIHO

JCR Assigned BBB+ Ratings to Notes of Export-Import Bank of India

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

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

JCR Affirmed A+/Stable LT Issuer Rating on Hekikai Shinkin Bank

Oct. 26, 2015

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

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly-Clearable Card Shopping Rec. ABL15-10

[ Asset Securitization Products ] JCR Affirmed A+ on ABL of Shinsei Trust & Banking (Trustee: 2155001)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-10 (D Hospital)

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 15100

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

JCR Affirmed A/Stable and J-1 on ISUZU MOTORS

JCR Upgraded NISSAN FINANCIAL SERVICES from A+/Positive to AA-/Stable

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

JCR Assigned Pre. AAA Rating to Shelf Reg. of Central Japan Railway

Oct. 23, 2015

JCR Assigned A+ Rating to Bonds of Yokohama Rubber

JCR Affirmed BBB+/Stable and BBB+ on Makino Milling Machine

JCR Affirmed A+/Stable, A+ and Preliminary A+ Rating on NSK

JCR Assigned A- Rating to Bonds of Mitsubishi UFJ Financial Group

JCR Assigned AA- to Bonds of Sumitomo Mitsui Finance and Leasing

JCR Assigned AA+ Rating to Bonds of JASSO

JCR Assigned Preliminary A to Shelf Reg. of Mitsui Chemicals

JCR Affirmed A/Stable and J-1 on KUREHA CORPORATION

JCR Assigned Pre. A Rating to Shelf Reg. of Nomura Real Estate HD

Oct. 22, 2015

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL15-10

JCR Affirmed J-1 Rating on CP of IBJ Leasing; Increase in CP Maximum

JCR Affirmed BBB+ on Nankai Railway; Revised Outlook to Positive

JCR Assigned A+ Ratings to Bonds of HCS

JCR Affirmed A/Stable on NIFCO

Oct. 21, 2015

[ Asset Securitization Products ] JCR Affirmed J-1 on Med. Fees Rec. ABL Program (Seiwakai, Ishii HP)

JCR Assigned A+ Rating to Bonds of NGK SPARK PLUG

Oct. 20, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corp. Bills Rec. ABL15-10

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

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL15-10

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

JCR Affirmed A-/Stable and J-1 on Kansai Urban Banking

JCR Affirmed A/Stable and A- (Sub.Loan) on MINATO BANK

JCR Assigned AA- Rating to Bonds of Hitachi Capital

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

JCR Affirmed A-/Stable, A- and J-1 Rating on Konoike Transport

JCR Affirmed BBB/Stable LT Issuer Rating on YAHAGI CONSTRUCTION

Oct. 19, 2015

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 15100

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-10 (F Hospital)

ASAHI KASEI Subsidiary's Improper Construction Work for Condominium Foundation

JCR Affirmed AA/Stable on Sony Life Insurance

JCR Affirmed A/Stable on PARAMOUNT BED HOLDINGS