News Release

Sep. 11, 2014

JCR Assigned A- Rating to Bonds of ANA HOLDINGS

Sep. 10, 2014

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to Saitama Resona Bank A Corporation Bills Receivable Senior Beneficial Interest 14-09

JCR Assigned Preliminary A+ Rating to Shelf Registration of AIR WATER

JCR Affirmed A/Stable Long-term Issuer Rating on NISHIMATSUYA CHAIN

JCR Affirmed A/Stable Long-term Issuer Rating and A- Rating on Subordinated Bonds of Hyakujushi Bank

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

JCR Assigned Preliminary AA+ Rating to Shelf Registration of NTT FINANCE

JCR Affirmed AA-/Stable Long-term Issuer Rating and AA- Rating on Bonds of KURARAY

JCR Affirmed AA-/Stable Long-term Issuer Rating and AA- Rating on Bonds of Japan Excellent

Sep. 09, 2014

JCR Affirmed J-1 Rating on CP of T&D Lease

JCR's Opinion on Rakuten's Acquisition of Ebates Shares

JCR Affirmed A/Stable Long-term Issuer Rating, A Rating on Bonds and Preliminary A Rating on Shelf Registration of Kawasaki Heavy Industries

JCR Assigned BBB Rating to Bonds of Daiei Real Estate & Development

Sep. 05, 2014

[ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank D Corporation Bills Receivable ABL14-09

JCR Assigned AA- Rating to Bonds of Tohoku Electric Power

JCR Affirmed BBB+/Stable Long-term Issuer Rating, BBB+ Rating on Bonds and J-2 Rating on CP of AKEBONO BRAKE INDUSTRY

JCR Affirmed AA- Rating on EMTN of ITOCHU
JCR Affirmed AA- Rating on EMTN of ITOCHU Treasury Centre Europe

JCR Affirmed AA/Stable, AA, Preliminary AA and J-1+ on Sekisui House

JCR Assigned AA Rating to Bonds of NEW KANSAI INTERNATIONAL AIRPORT

JCR Assigned AA- Rating to Bonds of Daiwa Office Investment Corporation

JCR Assigned AAA Rating to AfDB's Notes

JCR Assigned A+ Rating to Subordinated Bonds (with contractual point of non-viability loss absorption feature) of Sumitomo Mitsui Financial Group

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Affirmed AAA Ratings on IBRD

Sep. 04, 2014

JCR Affirmed BBB+/Stable Long-term Issuer Rating and BBB+ Rating on Bonds of ASAHI PRINTING

JCR Affirmed BBB-/Stable Long-term Issuer Rating on AIRTECH JAPAN

JCR Assigned AA- Rating to Bonds of Global One Real Estate Investment

JCR Assigned A+ Rating to Bonds of NSK

JCR Assigned BBB- to Bonds of Jimoto Holdings; Affirmed BBB-/Stable
JCR Affirmed BBB-/Stable Long-term Issuer Rating and BB+ on Subordinated Bonds of Kirayaka Bank
JCR Affirmed BBB-/Stable Long-term Issuer Rating on Sendai Bank

JCR Affirmed AA+ Ratings on EDF

JCR Assigned AA- Rating to Bonds of Hitachi Capital

Sep. 03, 2014

JCR Assigned A- Rating to Bonds of SAPPORO HOLDINGS

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency

JCR Removed CM; Downgraded Rating on ZENSHO HOLDINGS from #BBB[Negative], #BBB[Negative] and Preliminary #BBB[Negative] to BBB- with Stable Outlook, BBB- and Preliminary BBB-; Affirmed J-2 Rating on CP

JCR Upgraded Long-term Issuer Rating on FURUKAWA from BBB-/Stable to BBB/Stable; Affirmed J-2 on CP

JCR Assigned A Rating to Bonds of Sumitomo Realty & Development

JCR Assigned A- Rating to Bonds of Nisshin OilliO Group

Sep. 01, 2014

JCR Assigned Preliminary A+ Rating to Shelf Registration of Mitsubishi Chemical Holdings

JCR Affirmed AA/Stable Long-term Issuer Rating, AA/Stable Rating on Ability to Pay Insurance Claims and J-1+ Rating on CP of Sompo Japan Nipponkoa Insurance; Increase in CP Maximum Amount

JCR Affirmed A/Stable and J-1 on HEIWADO

JCR Affirmed A/Stable Long-term Issuer Rating and A Rating on Bonds of HORIBA, Ltd.

JCR Assigned Preliminary A+ Rating to Shelf Registration of MEIJI Holdings

JCR Affirmed AA-/Stable Long-term Issuer Rating and AA- Rating on Bonds of Activia Properties

Aug. 29, 2014

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL14-08

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL14-08

JCR Assigned BBB Rating to Bonds of Sojitz Corporation

JCR Assigned Preliminary A- Rating to Shelf Registration of Tokyo Tatemono

JCR Assigned Preliminary A Rating to Shelf Registration of Sumitomo Realty & Development

JCR Assigned A+ Rating to Subordinated Bonds (with Contractual Point of Non-viability Loss Absorption Feature) of Sumitomo Mitsui Trust Holdings

Aug. 28, 2014

[ Asset Securitization Products ]JCR Affirmed J-1 on Ferry Road ETC Card Receivable ABL Program

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL14-08

JCR Assigned A- Rating to Bonds of SoftBank

JCR Assigned AA Rating to Bonds of Mitsubishi UFJ Trust and Banking

JCR Assigned AA- Rating to Bonds of Mitsubishi Heavy Industries

JCR Upgraded Rating on Chiba Kogyo Bank from BBB+/Stable to A-/Stable

JCR Assigned Preliminary AA- Rating to Shelf Registration of SAIBU GAS

JCR Assigned A Rating to Bonds of HIROSHIMA GAS

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

JCR's Rating Review of Electric Power Companies

Aug. 27, 2014

JCR Assigned AA+ Rating to Bonds of JASSO

JCR Assigned AA+ Rating to Bonds of Electric Power Development

Aug. 26, 2014

JCR Affirmed A-/Stable Long-term Issuer Rating and J-1 Short-term Issuer Rating on Rakuten Bank

JCR Affirmed A-/Stable Long-term issuer Rating and J-1 Rating on CP for Rakuten Card

JCR Affirmed A/Stable Long-term Issuer Rating and A- Rating on Subordinated Bonds for Juroku Bank

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

JCR Assigned A-/Stable Long-term Issuer Rating and J-1 Rating to CP for Rakuten Securities

JCR Affirmed AA+/Stable Rating on Province of Quebec

JCR Affirmed BBB-/Stable Long-term Issuer Rating on ISHIHARA SANGYO KAISHA

JCR Assigned Preliminary BBB Rating to Bonds of Daiei Real Estate & Development

Aug. 25, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL14-08

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL <NLS> 14-08

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL14-08 (D Hospital)

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 14080

JCR Affirmed A+/Positive Long-term Issuer Rating on Mitsubishi Heavy Industries Environmental & Chemical Engineering

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

JCR Affirmed A+/Stable and A+ on KONICA MINOLTA

JCR Affirmed BBB+/Stable Long-term Issuer Rating and BBB+ Rating on Bonds of HEIWA REAL ESTATE

JCR Affirmed A-/Stable Long-term Issuer Rating, A-, Preliminary A- and J-1 Ratings on Bonds, Shelf Reg. and CP for POCKET CARD

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

JCR Assigned Preliminary A Rating to Bonds of JA Mitsui Leasing

JCR Upgraded Rating on Tokyo Tatemono from BBB+/Stable, BBB+, BBB-, Preliminary BBB+ and J-2 to A-/Stable, A-, BBB, Preliminary A- and J-1

Aug. 22, 2014

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Fees Receivable ABL Program (Asahikawa Sanai HP)

JCR Affirmed BBB+/Stable Long term Issuer Rating and BBB+ Bond Rating on NAGATANIEN

JCR Affirmed BBB+ Long-term Issuer Rating and J-2 CP Rating on Toho Zinc; Revised Outlook from Negative to Stable

JCR Assigned AA- Rating to Bonds of Mitsubishi UFJ Lease & Finance

JCR Affirmed AAA Ratings on the United States

JCR Upgraded Long-term Issuer Rating and Shelf Reg. Rating on TAIHEIYO CEMENT from BBB to BBB+ with Stable outlook; Affirmed J-2 on CP

JCR Affirmed A+/A+ (FC/LC) Ratings on Slovenia with Negative Outlook

Aug. 21, 2014

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL14-08

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL14-08

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Gifu Shinkin Bank

JCR Assigned A-/Stable Long-term Issuer Rating to HASEKO

Aug. 20, 2014

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL14-08

JCR Upgraded Long-term Issuer Rating with Stable Outlook and Bond Rating from A to A+; Assigned Preliminary A+ to Shelf Reg. and Affirmed J-1 on CP for Hulic

JCR Affirmed A/Stable Long-term Issuer Rating and A- Rating on Subordinated Bonds for TAIKO BANK

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

JCR Affirmed AA-/Positive Long-term Issuer Rating, AA-, Preliminary AA- and J-1+ on Bonds, Shelf Reg. and CP for Mitsubishi Heavy Industries

JCR Affirmed A/Stable Long-term Issuer Rating and A- Rating on Subordinated Bonds of Chukyo Bank

JCR Assigned Preliminary AAA Rating to Shelf Registration of DBJ

Aug. 19, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL14-08 (F Hospital)