News Release

Jan. 30, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL14-01

JCR Affirmed AA-/Stable, AA-, Pre. AA- and J-1+ Rating on Mitsui Fudosan

JCR Affirmed AA+p/Stable Long-term Issuer Rating on Mitsubishi Estate

JCR Placed Rating on Showa Aircraft Industry under Credit Monitor #BBB-[Positive]

JCR Removed CM; Upgraded Rating on Nissen Holdings from #BB+[Positive] to A+ with Stable Outlook

Jan. 29, 2014

JCR Affirmed A Ratings on Busan Bank

Jan. 28, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL14-01 (2)(D Hospital)

[ Asset Securitization Products ]JCR Affirmed J-1 on Dispensing Fees Receivable ABL Program (Nanba Pharmacy)

JCR Affirmed AA/Stable and AA Rating on Oriental Land

JCR Affirmed A+/Stable Long-term Issuer Rating and A+ Rating on Bonds for NGK Spark Plug

JCR Affirmed BBB/Stable Long-term Issuer Rating on Yamazawa

JCR Affirmed BBB/Stable Long-term Issuer Rating on Oenon Holdings

Jan. 27, 2014

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 14010

JCR Affirmed AA/Stable, AA and J-1+ Rating on Mitsubishi Logistics

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

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Nippon Chemi-Con

JCR Affirmed A/Stable Long-term Issuer Rating and BBB+ Rating on Subordinated Loan of Yokogawa Electric

Jan. 24, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL14-01

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL 14-01

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to Hokuriku Bank C Corporation Bills Receivable ABL14-01

JCR Assigned AA+ Rating to Bonds of NTT Finance

JCR Affirmed A-/Stable, A- and J-1 Rating on Toyobo
JCR Affirmed BBB on TC Preferred Capital

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

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Finance & Leasing

JCR Assigned AA+ Rating to Bonds of JASSO

Jan. 23, 2014

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL14-01

JCR Affirmed A/Stable Long-term Issuer Rating and A- Rating on Subordinated Bonds of Sumishin Net Bank

JCR Affirmed A+/Stable and J-1 on JGC

Jan. 22, 2014

JCR Affirmed AA/Stable Long-term Issuer Rating on Kanagawa University

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Asahi Fire & Marine Insurance

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

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

JCR Assigned A Rating to Bonds of Sumitomo Realty & Development

JCR Assigned A+/Stable Long-term Issuer Rating to Fukuoka Kogyo Daigaku

Jan. 21, 2014

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL14-01

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL14-01

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 14010

JCR Assigned A+ Rating to Bonds of Meiji Holdings

JCR Affirmed A/Stable Long-term Issuer Rating, A, BBB+, Preliminary A and J-1 on Sumitomo Realty & Development

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

Jan. 20, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL14-01 (F Hospital)

Jan. 17, 2014

JCR Assigned A- Rating to Bonds of NEC Capital Solutions

JCR Affirmed A/Stable Long-term Issuer Rating on First Bank of Toyama

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Trust Bank

JCR Assigned BBB- Rating on PT Adaro Indonesia

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

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

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

JCR Affirmed BBB-/Negative and J-2 on Mitsubishi Paper Mills

JCR Affirmed A+p/Stable Long-term Issuer Rating on Oji Holdings

JCR Assigned AA- Rating to Bonds of ITOCHU

JCR Affirmed A-/Stable Long-term Issuer Rating and J-1 on Japan Pulp and Paper

JCR Placed Ratings on Daikyo under Credit Monitor #BBB/Positive and #J-2/Positive

JCR's Opinion on ORIX's Making Daikyo its Consolidated Subsidiary

Jan. 16, 2014

JCR's Opinion on TEPCO's Comprehensive Special Business Plan

JCR Assigned AA- Rating to Bonds of Ricoh Leasing

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 Jaccs

Jan. 15, 2014

[ Asset Securitization Products ]JCR Assigned J-1 to Medical Fees Receivable ABL14-01 (D Hospital)

[ Asset Securitization Products ]JCR Affirmed J-1 on Medical Fees Receivable ABL Program (O Hospital)

JCR Assigned AAA Rating to Bonds of DBJ

JCR Affirmed A-/Stable Long-term Issuer Rating, A-, Preliminary A- and J-1 Rating on Sumitomo Osaka Cement

JCR Assigned BBB-/Stable Long-term Issuer Rating to Toyoko Inn

JCR Affirmed BBB/Stable Long-term Issuer Rating on Soken Chemical & Engineering

JCR Affirmed BBB+ Long-term Issuer Rating on Southern Tohoku Research Institute for Neuroscience; Revised Outlook from Stable to Positive

JCR Affirmed AA/Stable Long-term Issuer Rating on Toyo University

Jan. 14, 2014

JCR Affirmed A/Stable and J-1 on Dowa Holdings

JCR Affirmed J-1 Rating on CP of Nissay Leasing

JCR Assigned BBB Rating to Subordinated Bonds of Daisan Bank; Affirmed BBB+/Stable Long-term Issuer Rating

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

JCR Placed Rating on Suntory Beverage & Food under Credit Monitor #AA/Negative

JCR Placed Rating on EMTN of Suntory Holdings, SUNTORY EUROPE and SUNTORY CAPITAL AMERICA under Credit Monitor #AA/Negative

Jan. 10, 2014

JCR Affirmed BBB+/Stable Long-term Issuer Rating, BBB- and J-2 on Sub. Loan and CP of Kawasaki Kisen Kaisha

JCR Assigned AA Rating to Bonds of Suntory Holdings

JCR Assigned AA- Rating to Bonds of Odakyu Electric Railway

JCR Assigned A- Rating to Bonds of Tobu Railway

JCR Withdraws A-/Stable Long-term Issuer Rating on Seishin Shinkin Bank

JCR Assigned AA- Rating to Bonds of ORIX JREIT

Jan. 08, 2014

JCR Affirmed BBB/Stable and BBB Rating on Dainippon Screen Mfg.

Jan. 07, 2014

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

Jan. 06, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL13-12

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL13-12

Dec. 27, 2013

[ Asset Securitization Products ]JCR Affirmed AAA, BBB & A Rating on MMJ Mortgage Trust II Senior, Mezzanine, Servicer Beneficial Interest, and ABL

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL13-12

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL13-12

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL13-12

JCR Removed CM; Affirmed BB+/Stable Long-term Issuer Rating on Ferrotec

JCR Withdraws BBB/Positive Long-term Issuer Rating on Sanyo Electric Railway

JCR's Opinion on Additional Administrative Actions on Mizuho Group

JCR Affirmed J-1+ Rating on CP of Toyota Motor Corporation

JCR Affirmed J-1 Rating on CP of Nippon Steel & Sumikin Coated Sheet Corporation

JCR Affirmed A-/Stable Long-term Issuer Rating on Square Enix Holdings

JCR Affirmed J-2 Rating on CP of Shoko; Increase in CP Maximum Amount

JCR Affirmed J-2 Rating on CP of CMIC Holdings

JCR Affirmed J-1 Rating on CP of UC Card

JCR Withdraws BBB/Stable Long-term Issuer Rating on San Holdings

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

Dec. 26, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-12

[ Asset Securitization Products ] JCR Assigned J-1+ to Saitama Resona Bank A Corporation Bills Receivable Senior Beneficial Interest 13-12