News Release

Jun. 28, 2016

JCR Affirmed A/Stable, A, BBB+ and Pre. A on MORI BUILDING

JCR Assigned A Rating to Subordinated loan of Suntory Holdings

JCR Affirmed A- Rating on Chikuho Bank; Revised Outlook to Negative

Jun. 27, 2016

[ Asset Securitization Products ] JCR Assigned J-1+ to MSNW Trust Certificate Series 16060

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL16-06 (D Hospital)

TAIYO NIPPON SANSO to Acquire U.S. Industrial Gas Business

JCR Affirmed A/Stable Long-term Issuer Rating on North Pacific Bank

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

Jun. 24, 2016

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL16-06

Highlights of Major Industrial Gas Manufacturers' Financial Results for Fiscal Year Ended March 2016

Jun. 23, 2016

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

JCR Affirmed AA/Stable and AA on ORIX JREIT

JCR Assigned A Rating to Bonds of Rakuten

JCR Assigned Pre. A+ Rating to Shelf Reg. of Hankyu Hanshin Holdings

Jun. 22, 2016

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL16-06

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

JCR Downgraded Rating on Toyo Tire from A-/Negative to BBB+/Stable

JCR's Rating Review of Tire Manufacturers

JCR Upgraded Rating on BRIDGESTONE from AA/Positive to AA+/Stable

JCR Affirmed A+ on Yokohama Rubber; Revised Outlook to Negative

JCR Affirmed A+/Stable, J-1 on Sumitomo Mitsui Trust Loan & Finance

JCR Upgraded HIKARI TSUSHIN from BBB+/Positive to A-/Stable

Jun. 21, 2016

Series 1605-B02

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL16-06

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL16-06 (F Hospital)

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

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

Highlights of Oil Distributors' Financial Results for FY2015

Jun. 20, 2016

JCR Downgraded IBJL-TOSHIBA Leasing from A/Stable to A-/Stable

JCR Withdrew A+/AA- (FC/LC) Ratings on IBK

JCR Downgraded Rating on IBJ Leasing from A/Stable to A-/Stable

Jun. 17, 2016

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 16060

JCR Withdraws A-/Positive on NEXON

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

Highlights of Major Ink Manufacturers' Financial Results for FY2015

JCR Assigned BBB+ to Bonds Program (Senior bonds) of ICICI Bank

JCR Downgraded Rating on Benesse Holdings from AA- to A+/Negative

JCR Assigned Pre. A+ Rating to Shelf Reg. of SUMITOMO CHEMICAL

Jun. 16, 2016

JCR Assigned Preliminary BBB to Mitsubishi UFJ Trust ABL

Highlights of Supermarket Chain Operators' Financial Results for Fiscal Year Ended February/March 2016

JCR Upgraded from BBB+ to A- on Hanwha Chemical with Stable Outlook

JCR Affirmed A+/Stable and A+ Rating on Nishi-Nippon Railroad

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

Jun. 15, 2016

Highlights of Major Dispensing Pharmacies' Financial Results for Fiscal Year Ended March 2016

JCR Assigned A Rating to Subordinated Loan of JFE Holdings

JCR Affimred A- on KITZ CORPORATION; Revised Outlook to Positive

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power Company

JCR Assigned AAA to Bonds of Aichi Prefecture

Jun. 14, 2016

[ Asset Securitization Products ] JCR Assigned J-1+ to D Corporation Bills Receivable ABL16-06

JCR Affirmed AA-/Stable and AA- Rating on Fukuoka REIT Corporation

JCR Assigned AA Rating to Bonds of Advance Residence Investment

Jun. 13, 2016

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

JCR Affirmed A+ (FC) Ratings on HCS

JCR Affirmed A/Stable on ROHTO PHARMACEUTICAL

Jun. 10, 2016

Trust Bonds No.134

JCR Assigned A- Rating to Bonds of Sotetsu Holdings

Highlights of General Chemical Manufacturers' Financial Results for Fiscal Year Ended March 2016

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency

JCR Assigned BBB+ Rating to Bonds of NIPPON THOMPSON

JCR Assigned AA to Bonds of Chubu Electric Power

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned A Rating to Bonds of HOKUETSU KISHU PAPER

JCR Affirmed J-1 Rating on CP of Tokyo Tatemono; Increase in CP Max.

JCR Affirmed A/Positive and J-1 on LINTEC

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