News Release

Nov. 30, 2015

JCR Affirmed A and J-1 on Mitsui O.S.K.; Revised Outlook to Negative

Affirmed A+/Stable Rating on Fuji Fire and Marine Insurance
Affirmed A+/Stable Rating on AIG Fuji Life Insurance

Nov. 27, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL15-11

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corp. Bills Rec. ABL15-11

[ Asset Securitization Products ] JCR Assigned J-1 on Medical Fees Receivable ABL Program (Shoureikan)

JCR Assigned A Rating to Bonds of Kobe Steel

JCR Assigned AA- Ratings to JPY Bonds of CABEI

JCR Assigned A Rating to Bonds of IBJ Leasing

JCR Assigned A+ Rating to Bonds of Mitsubishi Chemical Holdings

JCR Assigned A Rating to Bonds of Nagoya Railroad

Nov. 26, 2015

Trust Bonds No.37

JCR Assigned A- Rating to Bonds of SoftBank Group

JCR Assigned Pre. AA- Rating to Shelf Reg. of Sumitomo Warehouse

JCR Affirmed A-/Stable and J-1 Rating on Showa Sangyo

JCR Affirmed A/Stable, A and J-1 Rating on Nippon Flour Mills

JCR Affirmed AA/Stable LT Issuer Rating on NISSHIN SEIFUN GROUP

JCR Affirmed BBB+/Stable and J-2 on Joshin Denki

JCR Affirmed BBB+/Stable on WARABEYA NICHIYO

JCR Affirmed A on Japan Hotel REIT; Revised Outlook to Positive

Nov. 25, 2015

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly-Clearable Card Shopping Rec. ABL15-11

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 15110

JCR Affirmed A-/Stable and J-1 on Idemitsu Kosan

JCR Affirmed BBB-/Stable and BB+ Rating on SHIMANE BANK

JCR Affirmed BBB/Stable and BBB on Starzen

JCR Affirmed A/Stable and A-Rating on Toho Bank
JCR Affirmed BBB/Stable and BBB- Rating on FUKUSHIMA BANK
JCR Affirmed BBB/Stable and BBB- Rating on DAITO BANK

Nov. 24, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-11 (D Hospital)

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corp. Bills Rec. ABL15-11

JCR Upgraded Rating on Sanwa HD to A+/Stable and A+; Affirmed J-1

JCR Affirmed BBB+/Stable and BBB+ on NIPPON THOMPSON

JCR Assigned Pre. A to Shelf Reg. of Kawasaki Heavy Industries

Nov. 20, 2015

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

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Affirmed A+/Stable (FC) Rating on Lotte Shopping

Nov. 19, 2015

JCR Assigned BBB- to ABL of Sumitomo Mitsui Trust ABL11151

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL15-11

JCR Assigned BBB+ to ABL of Sumitomo Mitsui Trust ABL11150

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL15-11

UKC Holdings' Basic Agreement on Management Integration with Kaga Electronics - Underpinning Rating

JCR Affirmed AAA/Stable and AAA Rating on Tokyo Metro

JCR Assigned BBB+ and Preliminary BBB+ to UNIZO Holdings

JCR Assigns "A-" Ratings to Renault's Samurai Bond

Sekisui House Announces Business Alliance with Konoike Const.

JCR Affirmed BBB/Stable Long-term Issuer Rating on SOGO MEDICAL

JCR Affirmed AA-/Stable, AA-, Pre. AA- and J-1+ on RICOH LEASING

Nov. 18, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-11 (F Hospital)

JCR Assigned AAA Ratings to AfDB's Bonds

Nov. 17, 2015

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 15110

JCR Assigned AA- Rating to Bonds of MORI HILLS REIT INVESTMENT

JCR Upgraded Rating on Sumitomo Warehouse to AA-/Stable and AA-

JCR Affirmed BBB+/Stable and J-2 on KANEMATSU

JCR Upgraded Rating on Nippon Light Metal HD to BBB+/Stable and BBB-

Nov. 16, 2015

JCR Affirmed A-/Stable Long-term Issuer Rating on RISO KAGAKU

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

JCR Affirmed A/Stable on DAIICHIKOSHO

JCR Affirmed BBB+/Stable and BBB+ Rating on Kanagawa Chuo Kotsu

JCR Affirmed A+/Stable and J-1 on NIPPON STEEL & SUMIKIN LOGISTICS

JCR Affirmed A+/Stable Rating on NIPPON STEEL & SUMIKIN ENGINEERING

Nov. 13, 2015

JCR Affirmed A on Kenedix Residential; Revised Outlook to Positive

JCR Affirmed A-/Stable and J-1 Rating on KROSAKI HARIMA

JCR Affirmed A/Stable and J-1 on JA Mitsui Leasing

JCR Assigned AAA to Bonds of Aichi Prefecture

JCR Assigned Preliminary BBB Rating to Bonds of ICHINEN HOLDINGS

JCR Affirmed BB+/Stable Long-term Issuer Rating on IKAI

JCR Assigned A- Rating to Bonds of POCKET CARD

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