News Release

Dec. 27, 2012

JCR Affirmed BBB-/Negative Long-term Issuer Rating on Mitsubishi Paper Mills

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

JCR Assigned J-1 Rating to CP of Nippon Steel & Sumikin Coated Sheet Corporation

JCR Affirmed BBB+ Rating on ICICI Bank

JCR Affirmed A-/Stable, A-, Pre. A- and J-1 Rating on All Nippon Airways

JCR Affirmed J-2 Rating on CP of TOHO

Dec. 26, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Kimura Bills Receivable ABL12-12

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-12

JCR Affirmed A+/Stable and J-1 Rating on kabu.com Securities

JCR Downgraded Long-term Issuer Rating on Nippon Chemi-Con Corporation from A-/Stable to BBB+/Stable

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

Dec. 25, 2012

JCR Assigned J-1+ Rating to ABCP Program of Godo Kaisha GK 48

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL12-12

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 12120

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

JCR Affirmed BBB/Stable and BBB on Monex Group
JCR Affirmed BBB/Stable and J-2 on Monex

Dec. 21, 2012

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL12-12

JCR Withdraws BBB+/Stable Long-term Issuer Rating on Ome Shinkin Bank

JCR Affirmed BBB and J-2 on Showa Leasing; Revised Outlook to Positive; Decrease in CP Maximum Amount

JCR Affirmed BBB and J-2 on Shinsei Bank; Revised Outlook to Positive

Affirms A/A+ (FC/LC) ratings on Czech Republic: Outlook Stable

JCR Assigned Preliminary A Rating to Shelf Reg. of Nisshin Steel

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

Dec. 20, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-12 (Asahikawa Sanai HP)

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-12

JCR Affirmed BBB+/Stable and J-2 Rating on Mitsubishi Electric Credit

JCR Affirmed BBB and J-2 Rating on Okabe; Revised Outlook to Positive

JCR Affirmed BBB/Stable Long-term Issuer Rating on Sogo Medical

Dec. 19, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-12 (C Hospital)

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL12-12

JCR Affirmed AA-/Stable Long-term Issuer Rating on Yamada Denki

JCR Affirmed J-1 Rating on CP of UC Card

Dec. 18, 2012

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 12120

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-12 (E Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL12-12 (F Hospital)

JCR Affirmed AA/Stable Rating on Nisshin Seifun Group

JCR Affirmed A/Stable and J-1 Rating on Nippon Flour Mills

JCR Affirmed A-/Stable and J-1 Rating on Showa Sangyo

Dec. 17, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-12 (D Hospital)

JCR Removed CM; Affirmed A+ and A+ Rating on AEON Credit Service
JCR Removed CM; Affirmed A- and J-1 Rating on AEON Housing Loan Service

JCR Affirmed AA and AA- Rating on EMTN of Mitsubishi UFJ Securities Holdings; Increase in Maximum Amount of Program

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

Dec. 14, 2012

JCR Assigned A Rating to NIHONWASOU CREDIT Installment Sales Receivable Securitization 201212

JCR Assigned AAA Ratings to AfDB's Notes

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

JCR Affirmed AAA/Stable Long-term Issuer Rating on NHK

JCR Assigned BBB+ Rating to Bonds of Tokyo Tatemono

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

JCR Affirmed A-/Stable, A-, BBB, Preliminary A- and J-1 on DIC

JCR Affirmed AA- Long-term Issuer Rating on Rohm; Revised Outlook from Stable to Negative

JCR Affirmed BBB/Stable Rating on Yamazawa

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Dec. 13, 2012

JCR Assigned A+ Rating to Bonds of Meiji Holdings

JCR Assigned A- Rating to Subordinated Bonds of Juroku Bank

JCR Upgraded Rating on Japan Net Bank from A/Stable to A+/Stable

Dec. 12, 2012

JCR Affirmed AA+/Stable Long-term Issuer Rating on Japan Water Agency

JCR Affirmed AAA/Stable and AAA Rating on Japan Finance Corporation

JCR Assigned Preliminary A Rating to Shelf Reg. of Toho Bank

JCR Assigned AA- Rating to Bonds of JCB

Dec. 11, 2012

[ Asset Securitization Products ] JCR Assigned J-1+ to D Corporation Bills Receivable ABL12-12

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-12 (B Hospital)

JCR Assigned A- Rating to JPY Bond of Renault

JCR Assigned AA- Rating to Bonds of Nomura Holdings

JCR Downgraded Rating on Japan Atomic Power from A+ to #A-[Negative]; Placed Rating under Credit Monitor

JCR Assigned AA/Negative, AA, and Preliminary AA to Chubu Electric Power

JCR Affirmed BBB+/Stable on Southern Tohoku Research Institute for Neuroscience

Dec. 10, 2012

JCR Affirmed A-/Stable and A- Rating on Arakawa Chemical Industries

Dec. 07, 2012

JCR Assigned Preliminary A Rating to NIHONWASOU CREDIT Installment Sales Receivable Securitization 201212

[ Asset Securitization Products ]JCR Upgraded Rating on NIHONWASOU CREDIT Installment Sales Receivable Securitization 201110 from A to AAA

[ Asset Securitization Products ]JCR Affirmed A Rating on NIHONWASOU CREDIT Installment Sales Receivable Securitization 201203

JCR Affirmed AA on EMTN of Mitsubishi UFJ Trust and Banking

JCR Assigned A Rating to Bonds of Sumitomo Realty & Development

JCR Assigned A+ Rating to Bonds of JX Holdings

JCR Assigned AA- Rating to Bonds of IIF Investment Corporation

JCR Affirmed AA+/Stable and J-1+ Rating on Master Trust Bank of Japan

JCR Affirmed AA+/Stable and J-1+ Rating on Japan Trustee Services Bank

JCR Assigned A Rating to Bonds of IBJ Leasing

JCR Assigned AA- Rating to Bonds of Awa Bank

Dec. 06, 2012

JCR Assigned A+ Rating to Bonds of Mitsubishi Chemical Holdings

JCR Assigned AA Rating to Bonds of New Kansai International Airport

JCR Assigned A- Rating to Bonds of Toyobo

Dec. 05, 2012

JCR Affirmed BB+ Rating on Sub. Bonds/Loan of Nippon Light Metal Holdings

JCR Assigned AA- Rating to Bonds of Daikin Industries

JCR Affirmed BBB/Stable Rating on Eiken Chemical

JCR Assigned BBB Rating to Subordinated Bonds of Saikyo Bank

JCR Affirmed AA+ Rating on LT Issuer Rating on Toa Reinsurance

Dec. 04, 2012

JCR Affirmed BBB+ Ratings on Export-Import Bank of India

JCR Affirmed BBB+ and J-2 on Accordia Golf; Revised Outlook to Stable

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

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

JCR Downgraded Long-term Issuer Rating on Advantest from A+/Stable to A/Stable

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Downgraded Long-term Issuer Rating on Daibiru from AA-/Negative to A+/Negative

JCR Affirmed A/Stable, A- and Pre. A Rating on Toho Bank
JCR Affirmed BBB/Stable Rating on Fukushima Bank
JCR Affirmed BBB/Stable and BBB- Rating on Daito Bank

Dec. 03, 2012

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

JCR Assigned BBB/Stable Long-term Issuer Rating to Sankyo Tateyama, Inc.

JCR Affirmed AAA/Stable, AAA and Preliminary AAA on DBJ

JCR Affirmed AAA on Suzuyo

Nov. 30, 2012

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL12-11

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL12-11