News Release

May. 28, 2015

JCR Assigned AA- Rating to Bonds of TOKYU CORPORATION

JCR Affirmed A+/Stable on Yamagata Bank

JCR Assigned Preliminary A- Rating to Shelf Registration of SoftBank

May. 27, 2015

[ Asset Securitization Products ]JCR Affirmed AAA on 1st Installment/Lease ABL (Nakamichi Leasing)

Highlights of Financial Results of Heavy Machinery Manufacturers for Fiscal Year Ended March 2015

JCR Affirmed BBB+/Stable LT Issuer Rating on HARIMA CHEMICALS GROUP

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

JCR Placed Ratings for Nomura Real Estate Master Fund under CM (Positive)
JCR Placed Ratings for Nomura Real Estate Residential Fund under CM (Negative)

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

JCR Assigned J-2 Rating to CP of Daio Paper

May. 26, 2015

JCR Affirmed AA-/Stable, AA-, Pre AA-, J-1+ on Sumitomo Metal Mining

JCR Assigned A Rating to Bonds of Nomura Real Estate Holdings

Suntory Beverage & Food Limited will Acquire Vending Machine Operation Business and others from JT

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

May. 25, 2015

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL15-05

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-05 (D Hospital)

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 15050

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL15-05

JCR Assigned Pre A- Rating to Shelf Reg. of Keihan Electric Railway

JCR Affirmed A-/Stable LT Issuer Rating and J-1 on TOHO HOLDINGS

May. 22, 2015

JCR Assigned AA Rating to Bonds of United Urban Investment

Highlights of Financial Results of Electric Power Companies for Fiscal Year Ended March 2015

JCR Assigned A Rating to Bonds of ACOM

JCR Assigned A+ Rating to Subordinated Bonds of SMFG

JCR Assigned AA- Rating to Bonds of Asahi Group Holdings

JCR Affirmed BBB-/Negative and J-2 on Mitsubishi Paper Mills

May. 21, 2015

[ Asset Securitization Products ]Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL15-05

JCR Affirmed AA- Rating on Benesse; Revised Outlook to Negative

JCR Assigned AA-/Stable Long-term Issuer Rating to FamilyMart; Withdrew AA-p

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

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

LIXIL Group's Subsidiary Reviewing Commencement of Insolvency Proceedings

May. 20, 2015

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL15-05

JCR Assigned AAA Ratings to AfDB's Bonds

Takata Reaches Agreement with NHTSA on Expansion of Airbag Inflator Recalls in U.S.

JCR Affirmed A-/Stable LT Issuer Rating on Saitamaken Shinkin Bank

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

JCR Affirmed A-/Stable and J-1 Rating on Kyoto Shinkin Bank

May. 19, 2015

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

[ Asset Securitization Products ]JCR Assigned J-1 to Medical Fees Receivable ABL15-05 (F Hospital)

Highlights of Major Blast Furnace Steelmakers' Financial Results for Fiscal Year Ended March 2015

JCR Affirmed A/Stable on Hokuetsu Bank

JCR Affirmed J-1 on CP of Shutoken Leasing

Highlights of Major General Merchandise Stores' Financial Results for Fiscal Year Ended February 2015

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

May. 18, 2015

JCR Affirmed BBB+/Stable LT Issuer Rating on NIPPON TOCHI-TATEMONO

May. 15, 2015

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 15050

JCR Assigned Preliminary A Rating to Subordinated Loan of NSSMC

JCR Assigned A Rating to Bonds of Kobe Steel

JCR Assigned Pre. AA- Rating to Shelf Reg. of Odakyu Elec. Railway

JCR Upgraded Rating on TSUBAKIMOTO CHAIN from A- to A; Affirmed J-1

JCR Assigned A+ to Bonds, Pre. A+ to Shelf Reg. of Daiwa Sec. Group

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Downgraded Sharp from #BB[Negative] to #CC[Negative]; Maintains CM

Sharp's Financial Results will Have No Impact on Rating for Fuyo General Lease Group

May. 14, 2015

Highlights of Major Shipping Companies' Financial Results for Fiscal Year Ended March 2015

May. 13, 2015

JCR Affirmed AA+/Stable, AA+, Pre. AA+ and J-1+ on NTT FINANCE

PGM Holdings To Become A Wholly Owned Subsidiary of Heiwa Corporation

JCR Affirmed BBB Rating on Nippon Fine Chemical; Outlook Positive

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

May. 08, 2015

JCR Affirmed BBB+/Stable Rating on Asahi Fire And Marine Insurance

JCR Assigned Preliminary AA- Rating to Shelf Registration of MUL

Showa Denko, SHOKO Revised Earnings Forecasts

May. 01, 2015

[ Asset Securitization Products ]JCR Affirmed AAA & BBB- on Toyonosato Beneficial Interest and ABL

TEPCO's Resolution to Shift into Holding Company Structure

JCR Affirmed A-/Stable on KITZ

JCR Affirmed A/Stable and A- Rating on Bank of The Ryukyus

JCR Affirmed BBB/Stable, BBB and J-2 Rating on Daiei Real Estate

JCR Affirmed A+/Stable on Bank of Okinawa

Apr. 30, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL15-04

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL15-04

JCR Assigned AAA/Stable LT Issuer Rating to West Nippon Expressway

JCR Affirmed BBB+/Stable LT Issuer Rating on Kita Osaka Shinkin Bank

JCR Withdraws AAA/Stable Rating on Hitotsubashi University

JCR Assigned AAA/Stable LT Issuer Rating to East Nippon Expressway

Apr. 28, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corp. Bills Rec. ABL15-04

JCR Assigned BBB to Evolution Funding Trust 2015-1

[ Asset Securitization Products ] JCR Assigned BBB-/BB- to Japan Residential I TMK (Class B/C Loans)

Termination of Tokyo Electron / Applied Materials Management Integration Plan

JCR Affirmed AA/AA (FC/LC) Ratings on Spain with Stable Outlook

JCR Affirmed A+/Stable on Keiyo Bank

JCR Placed Rating on NIPPON STEEL & SUMIKIN TEXENG under CM (Positive)

Apr. 27, 2015

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 15040

JCR Affirmed AA/Stable on SECOM General Insurance

Shinkin Central Bank's Plan for Issue of Ordinary Shares

JCR Assigned Pre. BBB+ to Shelf Reg. of Nankai Electric Railway

JCR Affirmed BBB+/Stable and J-2 Ratings on MARUDAI FOOD

JCR Affirmed A/Stable LT Issuer Rating on J. F. Oberlin University

Apr. 24, 2015

[ Asset Securitization Products ]JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL15-04

JCR Affirmed J-1 on CP DOWA HOLDINGS; Increase in Maximum Amount

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Trust Bank

JCR Affirmed AA-/Stable Rating on Maruichi Steel Tube

JCR Assigned AA- Rating to Bonds of Hitachi Capital

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

JCR Affirmed A+ Rating on EMTN of Marubeni
JCR Affirmed A+ Rating on EMTN of Marubeni Finance Europe

AIFUL's Downward Revision of Earnings Forecasts

JCR Affimred A+/Stable Rating on TAKARA STANDARD

JCR Assigned A to Bonds of MORI BUILDING