News Release

Apr. 09, 2014

JCR Assigned Preliminary A- Rating to Shelf Registration of Nagoya Railroad

Apr. 08, 2014

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed BBB/Stable Long-term Issuer Rating on TOMY

JCR Assigned AAA Rating to Bonds of DBJ

Apr. 07, 2014

JCR Upgraded Long-term Issuer Rating and Subordinated Bonds for Saikyo Bank from BBB+/Stable and BBB to A-/Stable and BBB+, respectively

JCR Affirmed A+/Stable Rating on HAMAMATSU PHOTONICS

JCR Affirmed A-/Stable Long-term Issuer Rating on Takeda Healthcare Foundation

Apr. 04, 2014

JCR Affirmed AA- Rating on WILLOW NO.2 (CAYMAN) LIMITED Series 002

JCR Affirmed A-/Stable Foreign Currency Long-term Issuer Rating on AEON Thana Sinsap (Thailand) Public Company Limited; Revised Outlook from Stable to Negative

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of Mazda Motor

JCR Affirmed A/Stable Long-term Issuer Rating on Hokuhoku Financial Group
JCR Affirmed A/Stable Long-term Issuer Rating on Hokuriku Bank
JCR Affirmed A/Stable Long-term Issuer Rating on Hokkaido Bank

JCR Affirmed BBB/Stable Long-term Issuer Rating on Tohoku Bank

JCR Assigned A+ Rating to Bonds of Nishi-Nippon Railroad

JCR Affirmed A/Stable and A Rating on KONAMI

Apr. 03, 2014

JCR Affirmed AAA/Stable on TOKYO GAS

JCR Affirmed AA+p/Stable on TOHO GAS

JCR Affirmed A/Stable and J-1 on HOKKAIDO GAS

JCR Affirmed A/Stable and J-1 on HIROSHIMA GAS

JCR Affirmed AA-/Stable, AA-, Pre. AA- and J-1+ Ratings on SAIBU GAS

JCR Affirmed A-/Stable Long-term Issuer Rating on CHUBU GAS

[ Asset Securitization Products ]JCR Upgraded Rating on 1st Series Installments & Leases Receivable ABL (Nakamichi Leasing) from AA to AAA

JCR Upgraded Rating on OKABE from BBB/Positive to BBB+/Stable

JCR Affirmed AAA/Stable Long-term Issuer Rating and J-1+ on Okinawa Electric Power Company

JCR Assigned Preliminary AAA Rating to Shelf Registration of NTT DOCOMO

JCR Affirmed A+/Stable Long-term Issuer Rating and J-1 on Nippon Car Solutions

JCR Affirmed A/Stable Long-term Issuer Rating, Preliminary A and J-1 on Nomura Real Estate Holdings

JCR Assigned Preliminary A- Rating to Shelf Registration of DAIKYO

JCR Affirmed A Rating on National Grid Gas plc

JCR's Rating Viewpoints on City Gas Companies

JCR Affirmed AA+p/Stable Long-term Issuer Rating on OSAKA GAS

Apr. 02, 2014

JCR Affirmed A-/A (FC/LC) Ratings on Thailand; Revised Outlook to Negative

JCR Affirmed A-/A (FC/LC) Ratings on PTTEP; Revised Outlook to Negative

JCR Affirmed A-/A (FC/LC) Ratings on PTT; Revised Outlook to Negative

JCR's Opinion on Change of Japan Net Bank's Major Shareholders

Apr. 01, 2014

JCR Assigned Preliminary AA Rating to Shelf Registration of Bank of Yokohama

JCR Affirmed BBB+/Stable Long-term Issuer Rating on CAC Holdings Corporation (former CAC Corporation)

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

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

JCR Affirmed BBB+/Stable on FIDEA Holdings
JCR Affirmed BBB+/Stable on Shonai Bank
JCR Affirmed BBB/Stable on Hokuto Bank

JCR Assigned A- Long-term Issuer Rating to Nisshin Steel; Affirmed A-, BBB and J-1 on Bonds, Sub. Bonds and CP

JCR Upgraded Rating on CABEI from A+/Positive to AA-/Stable

Mar. 31, 2014

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

[ Asset Securitization Products ]JCR Assigned J-1+ to Teral Bills Receivable ABL14-03

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable ABL14-03 (A Corp. in Niigata)

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL14-03

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL14-03

JCR Withdraws A FC Long-term Issuer Rating on Shinhan Card

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

JCR Affirmed AAA/Stable Long-term Issuer Rating on Kyushu University

JCR Downgraded Ratings on Orange from A/Negative to A-/stable

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

JCR Assigned BBB Rating to Subordinated Loan of Showa Denko

JCR Assigned Pre. A+ Rating to Shelf Reg. of TAKARA STANDARD; Affirmed A+/Stable Long-term Issuer Rating

JCR Affirmed AAA rating on ADB

Mar. 28, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to CATERPILLAR Kyushu Bills ABL14-03

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL14-03

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL14-03

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL14-03

JCR Affirmed BBB+/Stable, BBB+ and Preliminary BBB+ on NICHIAS

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Keiyukai

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

JCR Affirmed A-/Stable Long-term Issuer Rating and J-1 on UNY Group Holdings

JCR Affirmed J-1 Rating on CP of Shutoken Leasing; Increase in CP Maximum Amount

JCR Affirmed AA/Stable and AA on Nomura Real Estate Residential Fund

JCR Affirmed AA Rating on PVO, Revised Outlook to Negative

JCR Placed Rating on Accordia Golf under Credit Monitor #BBB+[Negative]

JCR Affirmed AA Rating on TVO, Revised Outlook to Negative

Mar. 27, 2014

JCR Affirmed BBB+/Stable and BBB+ Rating on Shibusawa Warehouse

JCR Assigned Preliminary A+ Rating to Shelf Reg. of NSK

JCR Affirmed AAA Ratings on Finland

JCR Affirmed BBB Rating on IINO KAIUN KAISHA; Revised Outlook from Stable to Positive

Mar. 26, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL14-03 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1+ to Saitama Resona Bank A Corporation Bills Receivable Senior Beneficial Interest 14-03

JCR Assigned BBB Rating to Subordinated Loan of NIPRO CORPORATION

JCR Affirmed AA/Stable Rating on SECOM General Insurance

JCR Assigned Preliminary A- Rating to Shelf Reg. of JACCS

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

Mar. 25, 2014

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 14030

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to Hokuriku Bank C Corporation Bills Receivable ABL14-03

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL14-03

JCR Affirmed AA/Stable Long-term Issuer Rating on Kokugakuin University

Mar. 24, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Kimura Bills Receivable ABL14-03

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL 14-03

JCR Removed CM; Upgraded Rating on DAIKYO from #BBB[Positive] and #J-2[Positive] to A- with Stable Outlook and J-1

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

JCR Affirmed A+p/Stable Long-term Issuer Rating on SHIMIZU CORPORATION

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

JCR Upgraded Ratings on Czech Republic to A+/AA- (FC/LC) from A/A+

JCR Upgraded Rating on TAISEI CORPORATION from A/Stable to A+/Stable

Mar. 20, 2014

[ 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 ABL14-03

[ Asset Securitization Products ]JCR Assigned Preliminary J-1 to CATERPILLAR Kyushu Bills ABL14-03

JCR Withdraws A-/Stable Long-term Issuer Rating on TOKYU LAND

JCR Affirmed A-/Stable, A- and J-1 Rating on Tokyu Fudosan Holdings

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

JCR Affirmed A- Ratings on Renault

JCR Affirmed AA-/Stable Long-term Issuer Rating and J-1+ on Japan Securities Finance

JCR Affirmed A+/Stable Long-term Issuer Rating and J-1+ on JSF Trust and Banking

JCR Assigned A-/Stable Long-term Issuer Rating to NIPPON REIT Investment Corporation