News Release

Aug. 05, 2014

JCR Affirmed A-/Stable Long-term Issuer Rating, A- Rating on Bonds and Preliminary A- Rating on Shelf Registration for VALOR

Aug. 04, 2014

JCR Affirmed AA- Rating on EMTN of Nomura Bank International; Decrease in Maximum Amount for Program
JCR Affirmed AA- Rating on EMTN of Nomura Europe Finance

Aug. 01, 2014

JCR Assigned Preliminary A+ Rating to Shelf Registration of Keikyu Corporation

JCR Affirmed AAA Ratings on France

JCR Affirmed AAA/AAA (FC/LC) Long-term Issuer Ratings on Export Development Canada

JCR Assigned AA- Rating to Bonds of ORIX JREIT

JCR Removed CM; Downgraded Rating on Accordia Golf from #BBB+[Negative] to BBB with Negative Outlook

JCR Assigned AA-/Stable Long-term Issuer Rating and Preliminary A+ Rating on Shelf Registration (subordinated bonds with contractual point of non-viability loss absorption feature) for Sumitomo Mitsui Financial Group

Jul. 31, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL14-07

JCR Affirmed AA- Rating on Commitment Line for PASMO

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL14-07

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL14-07

JCR Assigned A Rating to Subordinated Loan of Suntory Holdings

JCR Affirmed BBB-/Stable Long-term Issuer Rating on ShinGinko Tokyo

JCR Affirmed A/Stable and A on MITSUI-SOKO

Jul. 30, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL14-07

JCR Assigned A Rating to Subordinated Loan of Suntory Holdings

JCR Affirmed AA-/Stable Long-term Issuer Rating, AA- Rating on Bonds and Preliminary AA- Rating on Shelf Registration for Global One Real Estate

JCR Assigned Preliminary A Rating to Shelf Registration of KUREHA; Affirmed A Long-term Issuer Rating, A Rating on Bonds and J-1 Rating on CP; Revised Outlook from Negative to Stable

JCR Assigned AAA Rating to Bonds of DBJ

Jul. 29, 2014

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

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

JCR Affirmed Ap/Stable Long-term Issuer Rating on TOYO INK SC HOLDINGS

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

JCR Assigned A- Rating to Bonds of Idemitsu Kosan

Jul. 28, 2014

JCR's Rating Review of FX Margin Trading Intermediaries

JCR Affirmed A-/Stable, A- and J-1 on Central Glass

Jul. 25, 2014

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to Hokuriku Bank C Corporation Bills Receivable ABL14-07

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL14-07

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL 14-07

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL14-07 (D Hospital)

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 14070

JCR Affirmed BBB+ Long-term Issuer Rating on Senshu Ikeda Bank; Revised Outlook from Stable to Positive

JCR Assigned Preliminary A- Rating to Shelf Registration of NEC Capital Solutions; Affirmed A-/Stable, A- and J-1

JCR Affirmed BBB/Stable Long-term Issuer Rating on Hitachi Zosen

Jul. 24, 2014

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL14-07

JCR Assigned AA- Rating to Bonds of DAIKIN INDUSTRIES

JCR Assigned A Rating to Bonds of Takashimaya

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of PGM Holdings; Affirmed BBB+/Stable Long-term Issuer Rating and BBB+ Rating on Bonds

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Assigned Preliminary A- Rating to Shelf Registration of Nisshin Steel

JCR Assigned A- Rating to Bonds of PENTA-OCEAN CONSTRUCTION

JCR Affirmed BBB/Stable Long-term Issuer Rating on FUKUHO BANK

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

Jul. 23, 2014

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL14-07

JCR Assigned A- Rating to Bonds of Tokyu Fudosan Holdings

JCR Assigned A Rating to Bonds of Fuyo General Lease

JCR Assigned A Rating to Bonds of Sumitomo Realty & Development

JCR Affirmed AA-/Stable Long-term Issuer Rating and AA- Rating on Bonds for COCA-COLA WEST

JCR Assigned AA-/Stable Long-term Issuer Rating and Preliminary A+ to Shelf Registration (Subordinated Bonds with Contractual Point of Non-viability Loss Absorption Feature) for Sumitomo Mitsui Trust Holdings

JCR Affirmed AA-/AA- (FC/LC) Ratings on Italy with Negative Outlook

Jul. 22, 2014

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL14-07

JCR Upgraded Rating on MORI BUILDING from A-/Stable, A-, Preliminary A- and BBB to A/Stable, A, Preliminary A and BBB+

JCR Affirmed BBB+/Stable Long-term Issuer Rating and BBB Rating on Subordinated Bonds for TOMATO BANK

JCR Affirmed BBB/Stable Long-term Issuer Rating on ROYAL HOLDINGS

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

Jul. 18, 2014

[ Asset Securitization Products ]JCR Assigned J-1 to Medical Fees Receivable ABL14-07 (F Hospital)

JCR Assigned A+ Rating to Bonds of Marubeni

JCR Placed Rating on Takata Corporation under Credit Monitor #A[Negative]

JCR Assigned AA- Rating to Bonds of Mizuho Bank

JCR Assigned A- Rating to Bonds of Orient Corporation

Jul. 17, 2014

JCR Affirmed BBB+ Long-term Issuer Rating on KOHNAN SHOJI; Revised Outlook from Stable to Negative

JCR Assigned AA Rating to Bonds of Bank of Tokyo-Mitsubishi UFJ

Jul. 16, 2014

JCR Assigned Preliminary A Rating to Specified Bonds of Meiji Yasuda Life 2014 Fund SPC

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 14070

JCR Affirmed BB+/Stable Long-term Issuer Rating on YAMADA SERVICER SYNTHETIC OFFICE CO., LTD.

JCR Affirmed A-/Stable Long-term Issuer Rating, A- Rating on Bonds, Preliminary A- Rating on Shelf Registration and J-1 Rating on CP for Toyo Tire & Rubber

JCR Affirmed S3 Special Servicer Rating for YAMADA SERVICER SYNTHETIC OFFICE

JCR's Opinion on Nuclear Regulation Authority's Draft Approval for Kyushu Electric Power's Application for Change of Installment at Sendai Nuclear Power Plant

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Jul. 15, 2014

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

JCR Affirmed BBB/Stable Long-term Issuer Rating on HOSOKAWA MICRON

JCR Affirmed A/Stable Long-term Issuer Rating on OSG CORPORATION

JCR Affirmed A-/Stable and A- on YOKOHAMA REITO

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

JCR Assigned AA- Rating to Bonds of GLP J-REIT

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

JCR Assigned A- Ratings to JPY Bonds of Mexico

Jul. 14, 2014

JCR Affirmed AA+p/Stable Long-term Issuer Rating on Astellas Pharma

JCR Assigned Preliminary A Rating to Shelf Registration of TAIYO NIPPON SANSO

Jul. 11, 2014

[ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank D Corporation Bills Receivable ABL14-07

JCR Assigned AA- Rating to Bonds of Kansai Electric Power

JCR Affirmed BBB-/BBB- (FC/LC) Ratings on Turkey

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Assigned Preliminary A- Rating to Shelf Registration of SoftBank

JCR Assigned Preliminary AA- Rating to Shelf Registration of NIPPON STEEL & SUMITOMO METAL CORPORATION

JCR Assigned A+ Rating to Bonds of Comforia Residential REIT

JCR Assigned A+ Rating to Bonds of Kenedix Office Investment

JCR Upgraded Long-term Issuer Rating on North Pacific Bank from A-/Stable to A/Stable

JCR Assigned A- Rating to Bonds of Mazda Motor

JCR Assigned A Rating to Bonds of Kawasaki Heavy Industries

JCR Assigned A+ Rating to Bonds of Hankyu Hanshin Holdings

JCR Assigned A Rating to Bonds of SHOWA SHELL SEKIYU

JCR Assigned Preliminary A Rating to Shelf Reg. of NICHIREI

JCR Affirmed AAA Rating on IDB

JCR Assigned BBB+ Rating to Bonds of Nankai Electric Railway

JCR Upgraded Rating on Towa Bank from BBB/Stable to BBB+/Stable

Jul. 10, 2014

JCR Assigned Preliminary A- Rating to Shelf Registration of Tokyu Fudosan Holdings

JCR's Opinion on Benesse Holdings' Leakage of Customer Information

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power