News Release

Oct. 22, 2013

JCR Affirmed A/Stable Long-term Issuer Rating, A, Preliminary A and J-1 Ratings for Denki Kagaku Kogyo

JCR's Opinion on Nagatanien's Acquisition of Muginoho Holdings

Oct. 21, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-10 (F Hospital)

JCR's Opinion on SoftBank's 2 Acquisitions

Oct. 18, 2013

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 13100

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

JCR Assigned BBB+ Rating to Bonds of Hanwa

JCR Affirmed A/Stable, A, Pre. A and J-1 Rating on Nichirei

JCR Affirmed BBB Long-term Issuer on Mitsui Life Insurance; Revised Outlook to Stable

JCR Affirmed BBB- Long-term Issuer Rating on Tokushinkai Group; Revised Outlook from Stable to Negative

Oct. 17, 2013

JCR Assigned Preliminary BBB Rating to JAG Mega Solar Project Bond Trust 1 Beneficial Interest and Trust ABL

JCR Assigned A- Rating to Bonds of Tobu Railway

JCR Affirmed J-1 Rating on CP of SMBC Finance Service

JCR Assigned AA-/Stable Long-term Issuer Rating to AEON Reit Investment

JCR Affirmed A/Stable Long-term Issuer Rating and J-1 Rating on CP for SKY Perfect JSAT Holdings

JCR Assigned A+ Rating to Bonds of Hankyu Hanshin Holdings

Oct. 16, 2013

Series 78

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL Program (Q Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL13-10(D Hospital)

JCR Affirmed A/Stable Long-term Issuer Rating on Fukuyama Transporting

Oct. 15, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL Program (P Hospital)

JCR Upgraded Long-term Issuer Rating from BBB+/Positive to A-/Stable and CP Rating from J-2 to J-1 for Yasuda Real Estate

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

JCR Assigned Preliminary BBB Rating to Shelf Registration of Cosmo Oil

JCR Withdraws J-1 Rating on CP of Tokyu Land Corporation

JCR Affirmed A-/Stable Long-term Issuer Rating, A-, Preliminary A- and J-1 Rating on Ube Industries

JCR Affirmed A-/Stable and J-1 on Gecoss

JCR Assigned J-1 Rating to CP of Tokyu Fudosan Holdings

Oct. 11, 2013

[ Asset Securitization Products ]JCR Assigned A+ Rating to ABL of Shinsei Trust & Banking (Trustee: 2155001)

JCR Assigned Preliminary A- Rating to Shelf Registration of Tokyu Land

JCR Affirmed J-2 Rating on CP of Fuji Electric Finance and Accounting Support

JCR Affirmed BBB+/Stable, BBB+ and J-2 Rating on Hanwa

JCR Assigned BBB Rating to Bonds of Sojitz Corporation

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

JCR Affirmed BBB+/Stable, BBB+, Preliminary BBB+ and J-2 on Fuji Electric

JCR Affirmed A+ Rating on Long-term Issuer Rating on Nissan Financial Services; Revised Outlook from Stable to Positive

JCR Assigned Pre. A Rating to Shelf Reg. of Hokkaido Gas

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed A+ Long-term Issuer Rating on Nissan Motor; Revised Outlook from Stable to Positive

Oct. 10, 2013

JCR Assigned A+ Rating to JPY Bonds of HCS

JCR Affirmed AAAp/Stable Rating on East Japan Railway

JCR Affirmed AA+p/Stable Rating on West Japan Railway

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

JCR Affirmed J-2 Rating on CP of Seibu Oil

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

JCR Affirmed A-/Stable and BBB+ Rating on Higashi-Nippon Bank

JCR Affirmed A-/Stable and J-1 on Kobelco Construction Machinery

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR's Opinion on Management Integration between Tokyo Tomin Bank and Yachiyo Bank

JCR Affirmed BBB/Stable Long-term Issuer Rating on Yahagi Construction

Oct. 09, 2013

JCR Affirmed AA-/Stable, AA- and J-1+ Rating on Hitachi Capital

JCR Assigned AAA Rating to Bonds of DBJ

JCR Affirmed A/Stable Long-term Issuer Rating on Marubeni-Itochu Steel

JCR Assigned A- Rating to Subordinated Bonds of Chukyo Bank

JCR Upgraded Rating on CP of NBL from J-1 to J-1+

Oct. 08, 2013

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

JCR Affirmed AA-/Stable, AA- and A+ Rating on Awa Bank

JCR Affirmed AA/Stable Long-term Issuer Rating on Mitsui Fudosan Private REIT Inc.

JCR's Opinion on Kappa Create Holdings' Downward Revision to Financial Forecasts

JCR Assigned BBB+/Stable and J-2 to Fuji Soft

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

Oct. 07, 2013

JCR Assigned BBB to ABL of Godo Kaisha Namikikan (Senior Loan)

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

JCR Affirmed A-/Stable Long-term Issuer Rating and A- Rating on SMBC Consumer Finance

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

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

JCR Assigned Preliminary AA Rating to Shelf Reg. of Mitsubishi UFJ Trust and Banking

JCR's Rating Review of Blast Furnace Steel Manufacturers

Oct. 04, 2013

JCR Assigned Preliminary A+ Rating to Shelf Reg. of Yokohama Rubber

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR affirmed AAA ratings on Australia

JCR Assigned Preliminary AA Rating to Shelf Reg. of Toyota Boshoku

Oct. 03, 2013

JCR Assigned BBB+ Rating to Subordinated Bonds of Kita-Nippon Bank

JCR Assigned AA+ Rating to Bonds of NTT Finance

JCR Affirmed BBB-/Positive Long-term Issuer Rating on Gyokushoukai

Oct. 02, 2013

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed A/Stable, A and Preliminary A Rating on Nifco

Oct. 01, 2013

JCR Affirmed A+, Pre. A+ and J-1 on Sumitomo Chemical; Revised Outlook to Stable

JCR Assigned J-2 Rating to CP of UACJ Corporation

JCR Assigned AA/Stable Long-term Issuer Rating and J-1+ to Suntory Beverage & Food

JCR Affirmed A+/Stable Long-term Issuer Rating on Taiyo Life Insurance

JCR Affirmed A+/Stable Long-term Issuer Rating on T&D Financial Life Insurance

JCR Affirmed A/Stable Long-term Issuer Rating on Nishimatsuya Chain

JCR Assigned Preliminary A- Rating to Shelf Reg. of Nisshin OilliO Group

JCR Affirmed A+/Stable Long-term Issuer Rating on Daido Life Insurance

JCR Assigned A-/Stable Long-term Issuer Rating to Tokyu Fudosan Holdings

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

Sep. 30, 2013

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL13-09

JCR Assigned A Rating to JRE Mega Solar Project Bond Trust 1 Class B Beneficial Interest and Class B Trust ABL

JCR Assigned BBB+ Rating to JRE Mega Solar Project Bond Trust 1 Class C Beneficial Interest

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL13-09

JCR Assigned A- Rating to JRE Mega Solar Project Bond Trust 1 Class A Beneficial Interest and Class A Trust ABL

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL13-09

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL13-09

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL13-09

JCR Affirmed A+/Positive Long-term Issuer Rating and J-1 Rating on Nidec Corporation

JCR Affirmed A-/Stable Long-term Issuer Rating, A-, BBB, Preliminary A- and J-1 Rating on DIC

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

JCR Withdraws J-1 Rating on CP of Nisshin OilliO Group

JCR Affirmed AA-/Stable and J-1+ Rating on Mitsubishi UFJ Nicos