News Release

Apr. 12, 2013

JCR Assigned BBB+ Rating to Bonds of Kintetsu Corporation

JCR Assigned A+ Rating to Bonds of Century Tokyo Leasing

JCR Affirmed A-/Positive Long-term Issuer Rating on Hiroshimashi Credit Cooperative

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

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

JCR Affirmed A-/Stable and J-1 on San-Ai Oil

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

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

JCR Assigned A Rating to Bonds of Nippon Flour Mills

Apr. 11, 2013

JCR Assigned BBB+ Rating to Bonds of Shibusawa Warehouse

JCR Assigned AA-/Stable Long-term Issuer Rating to TOKYU REIT

Apr. 10, 2013

JCR Assigned BBB+ Ratings to Notes of Export-Import Bank of India

JCR Affirmed BBB+/Stable Rating on Yasuda Warehouse

JCR Assigned A- Rating to Bonds of Okamura Corporation

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

Apr. 09, 2013

JCR Affirmed A/Stable, A, Preliminary A and J-1 on Taiyo Nippon Sanso

Apr. 08, 2013

JCR Affirmed A-/Stable, BBB+ and Pre. A- on Shikoku Bank

JCR Affirmed J-1 Rating on CP of MMC Diamond Finance

Apr. 05, 2013

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Withdraws BBB- Long-term Issuer Rating on Takayama Shinkin Bank

Apr. 04, 2013

JCR Affirmed AA- on US$9.5 bn MTN and Withdraws AA- on US$8 bn MTN of Mizuho Securities
JCR Affirmed AA- on US$9.5 bn MTN and Withdraws AA- on US$8 bn MTN of Mizuho International
JCR Affirmed AA- Rating on US$9.5 bn MTN of Mizuho Securities USA

JCR Affirmed AA-/Stable and J-1+ on Sumitomo Mitsui Card

Apr. 03, 2013

JCR Affirmed AAA/Stable on TOKYO GAS

JCR Affirmed A-/Stable Rating on KEIAIKAI

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

JCR Affirmed AA+p/Stable Rating on Toho Gas

JCR Affirmed AA+p/Stable Rating on Osaka Gas

JCR Affirmed AA-/Stable, AA-, Pre. AA- and J-1+ Rating on Saibu Gas

JCR Affirmed A/Stable, A and J-1 Rating on Hiroshima Gas

JCR Affirmed A Rating on National Grid Gas

JCR Affirmed A-/Stable Rating on Chubu Gas

Apr. 02, 2013

JCR Affirmed A-/A (FC/LC) Long-Term Issuer Ratings on Thailand

JCR Affirmed A-/A (FC/LC) Ratings on PTT

JCR Affirmed A-/A (FC/LC) Ratings on PTTEP

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

JCR Affirmed BBB+/Stable Rating on Fujikura Kasei

JCR Affirmed BBB+/Stable Rating on Chuo Warehouse

JCR Affirmed A-/Stable Long-term Issuer Rating on KITZ Corp.

Apr. 01, 2013

JCR Affirmed AA-/Stable and J-1+ on Japan Securities Finance
JCR Affirmed A+/Stable and J-1+ on JSF Trust and Banking
JCR Removed CM; Upgraded Rating on Osaka Securities Finance from #A-/Positive to AA-/Stalbe Outlook and from #J-1/Positive to J-1+

JCR Affirmed AA/Stable Long-term Issuer Rating and AA Rating on Nitto Denko

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

JCR Upgraded Rating on Nippon Car Solutions from A/Positive to A+/Stable

JCR Affirmed BBB+/Stable and BBB Rating on Nagano Bank

JCR Affirmed AA+p/Stable Long-term Issuer Rating on Shin-Etsu Chemical

JCR Affirmed A-/Stable, A-, Preliminary A- and J-1 on ANA Holdings

JCR Affirmed A Long-term Issuer Rating and J-1 Rating on LINTEC; Revised Outlook from Positive to Stable

JCR Withdraws AA+ Long-term Issuer Rating on Aoyama Gakuin

JCR Affirmed J-1 Rating on CP of Sumitomo Mitsui Trust Panasonic Finance; Increase in CP Maximum Amount

JCR Assigned J-2 Rating to CP of Yanmar Holdings
JCR Withdraws J-2 Rating on CP of Yanmar

JCR Assigned Preliminary AA- Rating to Shelf Registration of Sumitomo Mitsui Trust Bank

Mar. 29, 2013

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL13-03

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL13-03

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL13-03

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL13-03

JCR Assigned Preliminary A and J-1 to Mitsui O.S.K. Lines

JCR Assigned Preliminary BBB+ to Shelf Reg. of NICHIAS; Affirmed BBB+/Stable and BBB+ Rating

JCR Affirmed AAA rating on ADB

JCR Affirmed A/Stable and J-1 Rating on Sanyo Special Steel

JCR Withdraws A Long-term Issuer Rating on Citizen Holdings

JCR Affirmed J-1 Rating on CP of Krosaki Harima; Increase in CP Maximum Amount

JCR Affirmed BBB+ Rating on Hanwha Chemical

Mar. 28, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL13-03

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL13-03

JCR Affirmed AA/Stable Long-term Issuer Rating on 77 Bank

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

JCR Affirmed BBB+/Stable and BBB Rating on Saikyo Bank

JCR Upgraded Long-term Issuer Rating on H2O Retailing from A-/Positive to A/Stable

Mar. 27, 2013

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable Beneficial Interest 13-03 (A Corp.)

[ Asset Securitization Products ] JCR Assigned J-1 to CATERPILLAR Kyushu Bills ABL13-03

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Oriental Land

JCR Affirmed AA/Stable Rating on Kokugakuin University

JCR Affirmed A+/Stable Long-term Issuer Rating and J-1+ Rating on Kyoei Fire & Marine Insurance

JCR Affirmed A/Stable, A, and J-1 on Takata Corporation

Mar. 26, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Kimura Bills Receivable ABL13-03

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-03

JCR Affirmed A+/Stable Long-term Issuer Rating, A+ and J-1 Rating on Nippon Meat Packers

JCR Affirmed A-/Stable Rating on Ohsho Food Service

JCR Placed Rating on Temp Holdings under Credit Monitor #A-/Negative

JCR Assigned BBB+ Preliminary Ratings to Notes of Export-Import Bank of India

Mar. 25, 2013

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 13030

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL13-03

JCR Affirmed BBB+/Stable Long-term Issuer Rating and J-2 Rating on Marudai Food

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

JCR Affirmed AAA ratings on Belgium

Mar. 22, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-03 (Asahikawa Sanai HP)

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL13-03

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

JCR Affirmed BBB+ (FC/LC) Long-Term Issuer Ratings on IRFC

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of Kintetsu Corporation

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

Mar. 21, 2013

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL13-03

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-03

JCR Assigned Preliminary A Rating to Shelf Reg. of Taisei Corporation; Affirmed A/Stable Long-term Issuer Rating

JCR Affirmed A+ Long-term Issuer Rating on Obayashi Corporation

JCR Assigned Preliminary A- Rating to Shelf Registration of Okamura Corporation

JCR Affirmed A+p/Stable Long-term Issuer Rating on Shimizu Corporation

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 A- Rating on Mitsumi Electric; Revised Outlook to Negative

Mar. 19, 2013

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to CATERPILLAR Kyushu Bills ABL13-03