News Release

Apr. 04, 2016

JCR Affirmed BBB+ (FC/LC) Ratings on Export-Import Bank of India

JCR Assigned Preliminary AAA Rating to Shelf Reg. of NTT DOCOMO

JCR Affirmed BBB+/Stable on India

Apr. 01, 2016

Series 1888

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

JCR Affirmed A-/Positive, A-, Pre. A- and J-1 on Keihan Holdings

JCR Assigned Preliminary A- Rating to Shelf Registration of DAIKYO

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

JCR Assigned BBB/Stable and BBB Rating to Sodick

JCR Affirmed J-1+ Rating on CP of SMFL; Increase in CP Max. Amount

Kawasaki Kisen Revises Business Forecasts - No Immediate Impact on Rating, Future Earnings Trend to Be Watched

Mar. 31, 2016

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL16-03

[ Asset Securitization Products ] JCR Assigned J-1+ to H Corporation Bills Receivable ABL16-03

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL16-03

[ Asset Securitization Products ] JCR Affirmed AAA and A- on Beneficial Int. of Triangulum Occident

JCR Withdraws AAA/Stable Rating on Japan Water Agency

JCR Removed CM; Downgraded Maruzen Petrochemical to BBB with Stable

JCR Withdraws BBB/Stable Rating on YAMAZAWA

JCR Assigned Pre A+ to Shelf; Affirmed A+/Stable on TAKARA STANDARD

JCR Assigned BBB Rating to Subordinated Loan of Idemitsu Kosan

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

JCR Affirmed A+/AA- (FC/LC) ratings on Korea with Stable outlook

JCR Affirmed A+/AA- (FC/LC) on Daejeon City
JCR Affirmed A+ on Daejeon Riverside Expressway Funding

JCR Affirmed A-/Stable on Renault

JCR Affirmed A+p/AA-p (FC/LC) Ratings on KDB

JCR Assigned J-1+ Rating to CP of ITOCHU Treasury

JCR Affirmed A/Stable Long-term Issuer Rating on Aica Kogyo

JCR Affirmed AAA Rating on Bonds of Aichi Prefecture

Sharp Resolves Hon Hai Proposal - JCR Keeps Positive View

JCR Assigned AA/Stable LT Issuer Rating to Concordia Financial Group

JCR Upgraded Comforia Residential from A+/Positive to AA-/Stable

JCR Downgraded & Placed CM on NSG Ratings; #BB+, #BB and #J-3

Mar. 30, 2016

[ Asset Securitization Products ] JCR Assigned J-1+ to D Corporation Bills Receivable ABL16-03

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL16-03

[ Asset Securitization Products ] JCR Affirmed AAA, BBB and A on MMJ Mortgage Trust II

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

JCR Affirmed A-/Stable and A- Rating on OKAMURA

JCR Affirmed AA/Stable on Kokugakuin University

JCR Affirmed A-/Negative and J-1 Rating on MITSUMI ELECTRIC

JCR Affirmed A/Stable and J-1 Rating on KAGOME

MINEBEA and MITSUMI ELECTRIC Sign Business Integration Agreement - JCR to Examine Development

Mar. 29, 2016

Series 125

JCR Affirmed AA-/Stable Long-term Issuer Rating on Hankyu REIT

JCR Assigned Preliminary A Rating to Shelf Registration of Denka

NTT DATA to Acquire Dell Services - No Immediate Impact on Rating

JCR Affirmed J-1 Rating on CP of JACCS; Increase in CP Max. Amount

JCR Affirmed A-/A (FC/LC) Ratings on PTT with Stable Outlook

JCR Affirmed A-/A (FC/LC) ratings on Thailand with Stable outlook

JCR Affirmed A-/A (FC/LC) Ratings on PTTEP with Stable Outlook

Mar. 28, 2016

[ Asset Securitization Products ] JCR Assigned J-1+ to A Corp. Bills Receivable Senior Ben. Int. 16-03

JCR Withdraws A+/Stable LT Issuer Rating on MITSUBISHI PLASTICS

JCR Affirmed A-/Stable on Orange

JCR Affirmed AA/Stable Long-term Issuer Rating on NITTO DENKO

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

JCR Withdraws A+/Stable Rating on Mitsubishi Chemical Corporation

JCR Affirmed A/Stable and J-1 on Nomura Real Estate Holdings

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

JCR Affirmed BBB+ on Japan Medical Alliance; Outlook Stable

JCR Affirmed AAA/Stable on Kyushu University

Mar. 25, 2016

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL16-03

[ Asset Securitization Products ] JCR Assigned J-1+ to MSNW Trust Certificate Series 16030

JCR Assigned Preliminary A- Rating to Shelf Registration of JACCS

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

JCR Affirmed A+/Stable on EXEDY

JCR Affirmed BBB+ on YOROZU; Revised Outlook from Stable to Positive

Yokohama Rubber to Acquire Alliance Tire Group - JCR to Watch Mid-term Synergy, Financial Improvement

JCR Affirmed A/Stable, A and Preliminary A on Nagoya Railroad

JCR Affirmed BBB-/Stable and J-2 on JK Holdings

Mar. 24, 2016

JCR Affirmed AA/Stable and AA on ORIENTAL LAND

JCR Affirmed BBB on Aderans; Revised Outlook from Stable to Negative

JCR Affirmed BBB+/Stable on Tsukuba Bank

Mar. 23, 2016

JCR Affirmed A on JRE Mega Solar Proj Bond Trust 2 Beneficial Int.

JCR Affirmed A on JRE Mega Solar Project Class B Ben.Int./Trust ABL

JCR Affirmed BBB+ on JRE Mega Solar Project Class C Beneficial Int.

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL16-03

JCR Affirmed A- on JRE Mega Solar Project Class A Ben.Int/Trust ABL

JCR Affirmed A+/Stable LT Issuer Rating on OBAYASHI CORPORATION

JCR Affirmed A+/Stable, A+ and Pre. A+ Rating on TAISEI CORPORATION

JCR Affirmed A/Stable and A on HOKUETSU KISHU PAPER

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

JCR Affirmed A+p/Stable LT Issuer Rating on SHIMIZU CORPORATION

JCR Affirmed BBB+/Stable and J-2 Rating on Shinsei Bank

JCR Affirmed A/A+ Ratings on Poland with Stable Outlook

JCR Affirmed BBB+/Stable and J-2 Rating on Showa Leasing

Mar. 22, 2016

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL16-03 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL16-03 (F Hospital)

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

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL16-03

JCR Affirmed A-/Stable and J-1 Rating on Idemitsu Credit

JCR Affirmed BBB+/Stable and BBB on Nagano Bank

Mar. 18, 2016

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corp. Bills Rec. ABL16-03

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

JCR Affirmed AAA rating on ADB

JCR Upgraded Romania to BBB/BBB+ (FC/LC); Revised Outlook to Stable

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

JCR Affirmed A/Stable and J-1 on Sanyo Special Steel

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

JCR Assigned Pre. BBB Rating to Subordinated Loan of Idemitsu Kosan

JCR Affirmed A+ on HAMAMATSU PHOTONICS; Revised Outlook to Positive

Mar. 17, 2016

Series VPA 1 S01