News Release

Sep. 02, 2013

JCR Affirmed J-1 Rating on CP of Yokohama Rubber; Increase in CP Maximum Amount

Aug. 30, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL13-08

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL13-08

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

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL13-08

JCR Assigned AA- Rating to Bonds of ITOCHU

JCR Affirmed AA and J-1+ Rating on EMTN of Sumitomo Mitsui Banking
JCR Affirmed AA and J-1+ Rating on EMTN of SMBC Capital Markets

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

JCR Affirmed AA/Stable Long-term Issuer Rating on New Kansai International Airport
JCR Affirmed AA/Stable Long-term Issuer Rating on Kansai International Airport Land Company

JCR Assigned A Rating to Bonds of Sumitomo Realty & Development

Aug. 29, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL13-08

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL13-08

JCR Affirmed A-/Stable and J-1 on Rakuten Card

JCR Assigned AA- Rating to Bonds of Mitsubishi Heavy Industries

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

JCR Assigned A Rating to Bonds of Acom

JCR Assigned Preliminary AA- Rating to Shelf Reg. of Sumitomo Metal Mining

JCR Affirmed BBB+ Rating on Mitsui Engineering & Shipbuilding; Revised Outlook to Negative

Aug. 28, 2013

JCR Assigned A Rating to Bonds of Nichirei

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

JCR Affirmed A+ Rating on MHI Environmental & Chemical Engineering; Revised Outlook to Positive

JCR Assigned A- Rating to Subordinated Bonds of Miyazaki Bank

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

JCR Affirmed BBB+ Rating on Toho Zinc; Revised Outlook to Negative

JCR Assigned A Rating to Bonds of Mitsui Chemicals

JCR Affirmed A/Stable Long-term Issuer Rating and J-1 Rating on Showa Shell Sekiyu

JCR Assigned AA+ Rating to Bonds of JASSO

JCR Upgraded Rating on Kanamoto from BBB- to BBB

JCR Assigned A- Rating to Subordinated Bonds of Ogaki Kyoritsu Bank

JCR Assigned A- Rating to Subordinated Bonds of Shimizu Bank

JCR Downgraded Long-term Issuer Rating and Rating on 1st Series Bonds of AvanStrate from #CC/Negative to LD and D, respectively

JCR Downgraded Rating on Nippon Sheet Glass from BBB/Negative to BBB-/Negative

Aug. 27, 2013

JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-08

JCR Upgraded Rating on Minato Bank from A-/Stable to A/Stable

JCR Assigned A Rating to Bonds of Konami

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Upgraded Rating on Kansai Urban Banking from BBB+/Stable to A-/Stable

JCR Affirmed BBB+/Stable, BBB+ and J-2 Rating on Akebono Brake Industry

JCR Affirmed A+/Stable, A+ and Preliminary A+ Rating on EXEDY Corporation

JCR Assigned Preliminary AA Rating to Shelf Registration of Sumitomo Electric Industries

JCR Removed CM; Affirmed A- Rating on Temp Holdings; Assigned A- Rating to Bonds

Aug. 26, 2013

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

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

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL13-08

JCR Assigned Preliminary 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 MSNW Trust Certificate Series 13080

JCR Modified Methodology for Rating Regional Banks Consolidated with Mega Bank Groups

JCR Affirmed AA-, Pre. AA- and J-1+ Rating on Mitsubishi Heavy Industries; Revised Outlook to Positive

JCR Affirmed A+ Ratings on Kookmin Bank

Aug. 23, 2013

JCR Affirmed AA on EMTN of Suntory Holdings, SUNTORY EUROPE, SUNTORY CAPITAL AMERICA

JCR Affirmed BBB+/J-2 Ratings on Shinhan Bank Japan

JCR Affirmed AA/Stable, AA, A+ and J-1+ on Suntory Holdings

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

JCR Assigned Preliminary BBB Rating to Shelf Reg. of Taiheiyo Cement; Affirmed BBB/Stable and J-2

Aug. 22, 2013

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-08

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL13-08

JCR Affirmed BBB/Stable and J-2 Rating on Meidensha

JCR Affirmed AA/Stable on Sony Life Insurance

Aug. 21, 2013

[ Asset Securitization Products ]JCR Assigned J-1 to Medical Fees Receivable ABL13-08 (C Hospital)

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

JCR Affirmed A/Stable, A, Pre. A- and J-1 Rating on Hulic; Increase in CP Maximum Amount

JCR Affirmed A-/Stable Long-term Issuer Rating on Tosoh

JCR's Opinion on Kintetsu's Financing Plan with Public Offering

Aug. 20, 2013

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 13080

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL13-08

JCR Affirmed A Rating on Shinhan Card

JCR Withdraws BBB Long-term Issuer Rating on Nippon Light Metal

Aug. 19, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-08 (F Hospital)

Aug. 15, 2013

JCR Assigned J-1 to Medical Fees Receivable ABL13-08 (D Hospital)

Aug. 14, 2013

JCR Affirmed BBB/Stable and J-2 Rating on Kanematsu

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

JCR Assigned Preliminary AA- Rating to Shelf Reg. of ITOCHU

JCR's Opinion on America Movil's Announcement of Its Takeover Bid for KPN

Aug. 13, 2013

Trust Bonds No.37

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

Aug. 09, 2013

JCR Affirmed AA-/Stable, AA-, Pre. AA- and J-1+ Rating on Mitsubishi UFJ Lease & Finance

JCR Affirmed AA-/Stable and AA- on Coca-Cola West

JCR Affirmed A+/Stable and A+ Rating on Konica Minolta

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

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR's Rating Review of FX Margin Trading Intermediaries

Aug. 08, 2013

JCR Assigned A Rating to Specified Bonds of Meiji Yasuda Life 2013 Fund SPC

JCR Assigned A- Rating to Bonds of Mori Building

JCR Affirmed BBB+/Stable and J-2 on GS Yuasa Corporation

JCR Affirmed A/Stable Long-term Issuer Rating and A- Rating on Sub.Bonds of Juroku Bank

JCR Assigned A/Stable Long-term Issuer Rating to Kenedix Residential Investment

Aug. 07, 2013

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

JCR Affirmed BBB+ Long-term Issuer Rating and BBB Rating on Sub.Bonds of Tokyo Star Bank; Revised Outlook from Negative to Stable

JCR Upgraded Rating on Hankyu Hanshin HLD from A/Stable to A+/Stable

JCR Upgraded Rating on Hanshin Electric Railway from A/Stable to A+/Stable

Aug. 06, 2013

JCR Affirmed A/Stable, A- and Preliminary A Rating on Chukyo Bank

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

JCR Affirmed AA-/Stable and AA- on Kuraray

JCR Upgraded Rating on IIF Investment Corporation from AA-/Positive to AA/Stable

Aug. 05, 2013

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

JCR Affirmed A/Stable and A Rating on HORIBA, Ltd.

JCR Affirmed BBB-/Stable Rating on Airtech Japan

JCR Upgraded Rating on Isuzu Motors from A-/Positive to A/Stable

Aug. 02, 2013

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

JCR Assigned Preliminary A Rating to Shelf Reg. of Nippon Paper Industries