News Release

Nov. 30, 2012

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

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

JCR Affirmed BBB+/BBB+ (FC/LC) Long-term Issuer Ratings on India

JCR Assigned AA- Rating to Bonds of United Urban Investment

JCR Withdraws A+/Negative and J-1 on Mitsui Chemicals Tohcello

JCR Affirmed A/Stable and A Rating on America Movil

JCR Affirmed A-/Stable and A- Rating on Keisei Electric Railway

JCR Assigned A- Rating to Bonds of Central Glass

JCR Affirmed AA/Stable Long-term Issuer Rating on Keio Corporation

JCR Affirmed BBB+/Stable Rating on Sotetsu Holdings

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on Odakyu Electric Railway

JCR Affirmed AA+/Stable, Preliminary AA+ and J-1+ on NTT Data

Nov. 29, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL12-11

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL12-11

JCR Affirmed BBB/Stable Long-term Issuer Rating on Sojitz; Assigned Preliminary BBB Rating to Shelf Reg.

JCR Downgraded Rating on Tottori Bank from BBB+/Negative, BBB to BBB/Stable, BBB-

JCR Affirmed BBB-/Stable Rating on Howa Bank

JCR Assigned A Rating to Bonds of TonenGeneral Sekiyu

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

JCR Assigned A- Rating to Bonds of Morinaga

JCR Affirmed BBB/Stable and BBB- Rating on Shimane Bank

JCR Downgraded Long-term Issuer Rating on Shinsho Corporation from BBB+/Stable to BBB/Stable; Affirmed J-2 Rating on CP

JCR Affirmed A-/Stable Long-term Issuer Rating on Toyobo
JCR Affirmed BBB on TC Preferred Capital

Nov. 28, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-11

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

JCR Affirmed AA+/Stable Rating on Shoko Chukin Bank

JCR Assigned A Rating to Bonds of Don Quijote

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

Nov. 27, 2012

JCR Downgraded Long-term Issuer Rating on Ferrotec Corp. from #BBB[Negative] to #BB+[Negative]; Maintains CM

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

Nov. 26, 2012

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 12110

JCR Upgraded Rating on Sankyo-Tateyama Holdings from BBB-/Stable to BBB/Stable

JCR Downgraded Long-term Issuer Rating on Mitsui O.S.K. Lines from A+/Stable to A/Negative

JCR Downgraded Rating on EMTN of Mitsui O.S.K. Lines from A+ to A
JCR Downgraded Rating on EMTN of Euromol from A+ to A

Nov. 22, 2012

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-11

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL12-11

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL12-11

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL12-11

JCR Assigned AA- Rating to Bonds of LIXIL Group Corporation

JCR Affirmed A+ Ratings on Kookmin Bank

JCR Assigned A- Rating to Bonds of Mitsui Mining & Smelting

JCR Affirmed A/Stable, A, Pre. A and J-1 Rating on Fuyo General Lease

JCR Affirmed AA/Stable and AA Rating on MORI TRUST Sogo Reit

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

JCR Affirmed A/Stable Long-term Issuer Rating on Sharp Finance

JCR Affirmed AAA/Stable and AAA on Tokyo Metro

JCR Affirmed BBB+p/Stable Rating on Nishimatsu Construction

Nov. 21, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-11 (Asahikawa Sanai HP)

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL12-11

JCR Affirmed BBB Long-term Issuer Rating on Hikari Tsushin; Revised Outlook from Stable to Positive

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

JCR Affirmed A+/Stable and A+ Rating on Mitsubishi Rayon

JCR Affirmed BBB/Stable Long-term Issuer Rating on Toyo Logistics

JCR Affirmed AA/Stable and J-1+ on Tokyo Electron

JCR Affirmed A+/Stable and A+ on Mitsubishi Chemical

JCR Affirmed A+/Stable and A+ on Mitsubishi Plastics

JCR Affirmed A+p/Stable Rating on Mitsubishi Tanabe Pharma

JCR Affirmed A+/Stable, A+ and Pre. A+ Rating on Mitsubishi Chemical Holdings

Nov. 20, 2012

JCR Assigned AA- Rating to Bonds of Ricoh Leasing

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

Nov. 19, 2012

Series 76

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

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-11 (C Hospital)

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 12110

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

JCR Downgraded Long-term Issuer Rating on Nippon Paper Group from A+/Negative to A/Stable
JCR Downgraded Long-term Issuer Rating on Nippon Paper Industries from A+/Negative to A/Stable

Nov. 16, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-11 (E Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-11 (F Hospital)

JCR Assigned AA- Rating to Bonds of Mori Hills REIT Investment Corporation

JCR Affirmed A+/Stable Rating on Bank of Nagoya

JCR Affirmed A+/Stable Rating on Aichi Bank

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Nov. 15, 2012

JCR Affirmed BBB/BBB+ (FC/LC) Long-term Issuer Ratings on Brazil

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

JCR Downgraded Rating on Cosmo Oil from BBB+/Stable to BBB/Stable; Affirmed J-2 on CP

Nov. 14, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-11 (D Hospital)

JCR Affirmed A+/Stable, A+ and J-1 Rating on Ito En

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

JCR Affirmed AA-/Stable and AA- Rating on Daiwa House Residential Investment Corporation

Nov. 13, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-11 (B Hospital)

JCR Affirmed BBB-/BBB (FC/LC) Long-term Issuer Ratings on Indonesia

JCR Assigned AAA Rating to Bonds of DBJ

Nov. 12, 2012

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

Nov. 09, 2012

JCR Assigned Preliminary A Rating to Shelf Registration of Don Quijote; Affirmed A/Stable and J-1

JCR Assigned A Rating to Bonds of J.Front Retailing

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency

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

JCR Assigned AA-/Stable and Pre. AA- to Daikin Industries

JCR Affirmed A/Stable and J-1 Rating on Kagome

Nov. 08, 2012

JCR Affirmed A on EMTN of BOT Lease

JCR Affirmed A+/A+ (FC/LC) Long-term Issuer Ratings on Slovakia

JCR Affirmed AA-/Stable Long-term Issuer Rating on Sumitomo Mitsui Finance & Leasing

JCR Assigned A+/Stable Long-term Issuer Rating to MG Leasing Corporation; Affirmed J-1 Rating on CP

JCR Upgraded Long-term Issuer Rating on JA Mitsui Leasing from A-/Positive to A/Stable; Affirmed J-1 Rating on CP

Nov. 07, 2012

JCR Assigned A+ Ratings to JPY Bonds of HCS

JCR Assigned A+ and Pre. A+ Rating to Nidec Corporation

JCR Placed Long-term Issuer Rating on Ferrotec Corp. under Credit Monitor #BBB[Negative]

Nov. 06, 2012

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on Nippon Electric Glass; Assigned Preliminary AA- Rating to Shelf Reg.