News Release

Feb. 07, 2012

JCR Affirmed BBB+/Stable Rating on Senior debts of Yamazen Corporation

JCR Assigned Preliminary A Rating to Shelf Registration of J.Front Retailing

JCR Affirmed AA+/Stable Rating on Seven & i Holdings
JCR Affirmed AA+/Stable Rating on Seven-Eleven Japan

Feb. 03, 2012

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

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

JCR Assigned AA- Rating to Subordinated Bonds of Bank of Tokyo-Mitsubishi UFJ

Feb. 02, 2012

JCR Assigned A+ Ratings to Bonds of Kookmin Bank

JCR Affirmed A- Rating on Daido Fire & Marine Insurance; Revised Outlook to Negative

JCR Affirmed BBB/Stable Rating on Senior Debts of Nippon Fine Chemical

JCR Placed Ratings on Nippon Sheet Glass under Credit Monitor #BBB+/Negative

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

JCR Affirmed A/Stable, A and J-1 Rating on Krosaki Harima

JCR Downgraded Rating on SUMCO from A/Negative to A-/Negative

JCR Placed Ratings on Elpida Memory under Credit Monitor #BBB/Negative

Feb. 01, 2012

JCR Assigned A and J-1 Rating to Senior Debts and CP of IBJL-TOSHIBA Leasing

JCR Affirmed A/Stable and J-1 Rating on IBJ Leasing

JCR Affirmed AAA Ratings on Singapore

JCR Placed Ratings on Sharp Corporation under Credit Monitor #AA/Negative

JCR Affirmed BBB Rating on Royal Holdings; Revised Outlook from Negative to Stable

Jan. 31, 2012

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL12-01

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL12-01

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL13-01

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL12-01

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL12-01

JCR Affirmed BBB+ Rating on Iino Kaiun Kaisha; Revised Outlook from Stable to Negative

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

JCR Withdraws BBB+/Stable and J-2 Rating on Toshiba Finance Corporation

JCR Affirmed A-/Stable and J-1 Rating on Mori Building

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

JCR Affirmed AA-/Stable Rating on Sr.debts of Sony Bank

JCR Affirmed J-2 Rating on CP of Marudai Food

JCR Affirmed AAA/Stable Rating on Senior debts of Hitotsubashi University

JCR Assigned J-1+ Rating to CP of Sekisui House

JCR Affirmed BBB+/Stable and J-2 Rating on Senior debts and CP of Kowa Real Estate

Jan. 30, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL12-01

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL12-01

JCR Placed Ratings on TonenGeneral Sekiyu K.K. under Credit Monitor #AA-[Negative] and #J-1+[Negative]

JCR Affirmed A+p/Stable Rating on Senior Debts of Oji Paper

JCR Affirmed BBB+/Stable Rating on Sr.debts of SEIBU HOLDINGS

Withdraws BBB+/Stable Rating on Senior debts of Roland Corporation

JCR Upgraded Rating on Daikyo from BBB-/Positive to BBB/Stable

Jan. 27, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-01

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable Beneficial Interest 12-01 (A Corp.)

JCR Affirmed A+/Stable Rating on Sumitomo Warehouse

JCR Affirmed A-/Stable Rating on Hokuto Corporation

JCR Assigned Preliminary A+ Rating to Subordinated Bonds of Mizuho Bank

Jan. 26, 2012

JCR Assigned Preliminary A Rating to Shelf Registration of Chukyo Bank

JCR Affirmed AAA Rating on Bonds of Aichi Prefecture

JCR Assigned AA+ Rating to Bonds of Japan Student Services Organization

JCR Affirmed A+/Stable Rating on Senior debts of Kyoritsu Women's Educational Institution

Jan. 25, 2012

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 12010

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL12-01

JCR Affirmed BBB+/Stable Rating on Senior debts of OKAYA & CO., LTD.

JCR Assigned A+ Rating to Bonds of Marubeni Corporation

JCR Affirmed A/Stable and J-1 on Fukuoka Financial Group
JCR Affirmed A+/Stable on Bank of Fukuoka
JCR Affirmed A/Stable on Kumamoto Family Bank
JCR Affirmed A/Stable on Shinwa Bank

JCR Assigned A Rating to Subordinated Loan of Musashino Bank; Affirmed A+/Stable and A

Jan. 24, 2012

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-01

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-01 (M Hospital)

JCR Affirmed A-/Stable on Toyobo
JCR Affirmed BBB on TC Preferred Capital

JCR Affirmed A-/Stable and J-1 Rating on Japan Pulp and Paper Company

JCR withdraws BB+(FC)/BBB-(LC) Ratings on Macedonia

JCR Affirmed AA+/Stable Rating on Japan Student Services Organization

Jan. 23, 2012

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL12-01

[ Asset Securitization Products ] JCR Assigned J-1 to Dispensing Fees ABL12-01 (Nanba Pharmacy)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-01 (Asahikawa Sanai HP)

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL12-01

Jan. 20, 2012

<Asset Securitization Products> JCR Assigned J-1 to Medical Fees Receivable ABL11-12 (G Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-01 (G Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-01 (H Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-01 (I Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-01 (C Hospital)

JCR Affirmed A+/Stable and J-1 Rating on Mitsui Chemicals Tohcello

JCR Affirmed BBB/Stable Rating on Senior debts of Pacific Industrial

JCR Affirmed A+/Stable on NGK Spark Plug

JCR Affirmed A+/Stable, Preliminary A+ and J-1 Rating on Mitsui Chemicals

JCR Assigned Preliminary AA- Rating to Subordinated Bonds of Bank of Tokyo-Mitsubishi UFJ

JCR Assigned A- Rating to Bonds of Softbank

Jan. 19, 2012

JCR Assigned A Rating to WILLOW NO.2 (CAYMAN) LIMITED Series 003

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-01 (L Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-01 (F Hospital)

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 12010

JCR Downgraded FC/LC Ratings on Italy to AA- from AA; Withdrew Ratings on Euro-yen Bonds

JCR Removed CM ; Downgraded FC/LC Ratings on Portugal to A/Negative from #AA-[Negative]

JCR Assigned AA- Rating to Bonds of Mizuho Corporate Bank

JCR Affirmed AAA Ratings on France

JCR Affirmed BBB/Stable Rating on Senior Debts of Eiken Chemical

JCR Placed Ratings on Sankei Building under Credit Monitor #A[Positive]

Jan. 18, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-01 (Kyowakai)

[ Asset Securitization Products ] JCR Assigned J-1 to Dispensing Fees Receivable ABL12-01 (sun-kur)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-01 (E Hospital)

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL12-01

JCR Downgraded FC/LC Ratings on Spain to AA+/Negative from AAA/Stable

JCR Affirmed AAA Ratings on Germany

JCR Affirmed A-/Stable Rating on Senior debts of Japan Rental Housing Investments

JCR Assigned AA-/Stable Rating to Senior debts of Industrial & Infrastructure Fund Investment Corporation

JCR Assigned AAA Rating to Bonds of DBJ

JCR Affirmed A/Stable and J-1 on Nippon Car Solutions

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

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

JCR Affirmed A-/Stable Rating on Maruzen Showa Unyu