News Release

Aug. 31, 2012

JCR Affirmed BBB+/Stable and J-2 Rating on Kansai Urban Banking

JCR Assigned Preliminary A+ Rating to Shelf Reg. of Meiji Holdings

JCR Assigned Preliminary A+ Rating to Shelf Registration of Mitsubishi Chemical Holdings

JCR Withdraws J-1 Rating on CP of Tokyo Associates Finance Corporation

Aug. 30, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL12-08

JCR Assigned Preliminary J-1 Rating to Ferry Road ETC Card Receivable ABL Program

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL12-08

JCR Assigned BBB/Stable Long-term Issuer Rating to Meidensha; Affirmed J-2 on CP

Aug. 29, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-08

JCR Upgraded FC Rating on Russia to BBB+ from BBB; Revised Outlook of FC/LC Ratings from Positive to Stable

JCR Affirmed A+/Stable Rating on MHI Environmental & Chemical Engineering

JCR Assigned Preliminary BBB+ Rating to Shelf Reg. of Tokyo Tatemono

JCR Affirmed AA-/Stable, AA-, Pre. AA- and J-1+ on Mitsubishi Heavy Industries

JCR Affirmed AA-/Stable and AA- Rating on LT Issuer Rating and Bonds of Coca-Cola West

JCR Assigned AA Rating to Bonds of Kansai Electric Power

JCR Assigned J-2 Rating to CP of CMIC Holdings

Aug. 28, 2012

JCR Assigned Preliminary AAA, BBB & A Rating to MMJ Mortgage Trust II Senior, Mezzanine, Servicer Beneficial Interest, and ABL

JCR Assigned A- Rating to Bonds of Ube Industries

JCR Assigned Preliminary AA- Rating to Shelf Reg. of Saibu Gas

JCR Withdraws AA/Stable Rating on DNB Bank ASA

JCR Assigned BBB+ Rating to Bonds of Heiwa Real Estate

Aug. 27, 2012

JCR Assigned J-1+ to MSNW Trust Certificate Series 12080

JCR Affirmed BBB+/Stable Rating on Senior debts of Matsuda Sangyo

JCR Affirmed BBB-/Stable and J-2 Rating on Furukawa Co., Ltd.

JCR Affirmed A/Stable and A- on Taiko Bank

JCR Upgraded Rating on Chiba Kogyo Bank from BBB/Positive to BBB+/Stable

JCR Upgraded Rating on Rakuten Card from BBB+/Stable, J-2 to A-/Stable, J-1

JCR Upgraded Rating on Daishi Bank from A+/Stable to AA-/Stable

Aug. 24, 2012

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-08

JCR Affirmed BBB/Stable Rating on Senior Debts of Scroll Corporation

JCR Assigned AA- Rating to Bonds of Mitsui Fudosan

JCR Affirmed A+/Positive and J-1 Rating on Nidec Corporation

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Affirmed BBB+/Stable, BBB+ and J-2 Rating on Akebono Brake Industry

JCR Affirmed A+/Stable, A+ and Preliminary A+ Rating on EXEDY Corporation

JCR Affirmed BBB+/Stable Rating on Senior Debts of CAC Corporation

JCR Affirmed AA/Stable, AA, Pre. AA and J-1+ Rating on Sekisui House

JCR Affirmed AA-, A+, and J-1+ on EMTN of Sumitomo Mitsui Banking
JCR Affirmed A+ on EMTN of SMBC International Finance
JCR Affirmed AA- and J-1+ on EMTN of SMBC Capital Markets

JCR Assigned Preliminary A+ Rating to Shelf Registration of Sumitomo Chemical; Affirmed A+ and J-1; Revised Outlook to Negative

Aug. 23, 2012

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL12-08

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL12-08

Aug. 22, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (C Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (Asahikawa Sanai HP)

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

JCR Assigned Preliminary AA- Rating to Shelf Registration of Toyota Tsusho

JCR Assigned BBB/Stable Rating to Senior Debts of Daiki Aluminium Industry

Aug. 21, 2012

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL12-08

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (G Hospital)

Aug. 20, 2012

Trust Bonds No.37

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (F Hospital)

JCR Affirmed A-/Stable, Preliminary A- and J-1 Rating on Pocket Card

JCR Assigned Preliminary AAA Rating to Shelf Reg. of DBJ

JCR Affirmed BB+/Stable Rating on Senior Debts of Yamada Servicer

JCR Upgraded Special Servicer Rating for Yamada Servicer Synthetic Office from S3- to S3

Aug. 17, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (I Hospital)

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 12080

JCR Withdraws S2- Special Servicer Rating on Theatres Servicer

JCR Affirmed AA-/Stable and AA- Rating on Kuraray

JCR Assigned Preliminary AA Rating to Shelf Registration of Chugoku Electric Power

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

Aug. 16, 2012

JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (E Hospital)

Aug. 15, 2012

JCR Affirmed AAAp Rating on EBRD

JCR Affirmed BBB+/J-2 Ratings on Shinhan Bank Japan

Aug. 13, 2012

JCR Affirmed Ap/Stable Rating on Senior debts of Toyo Ink SC Holdings

JCR Affirmed BBB+/Stable, BBB+, Pre. BBB+ and J-2 on Mitsui Eng. & Shipbuilding

Aug. 10, 2012

JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (B Hospital)

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Aug. 09, 2012

JCR Assigned A Rating to Specified Bonds of Meiji Yasuda Life 2012 Fund SPC

JCR Downgraded Rating on Showa Shell Sekiyu from A+/Negative to A/Stable; Affirmed J-1 on CP

Aug. 08, 2012

[ Asset Securitization Products ]JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (D Hospital)

JCR Assigned A- Rating to Specified Bonds of Sumitomo Life Fund Securitization SPC V

JCR Assigned Preliminary AA Rating to Shelf Reg. of Kansai Electric Power

JCR Affirmed A+/Stable Rating on Senior debts of Shiga Bank

JCR Affirmed A Rating on Shinhan Card

JCR Affirmed AA- Rating on Industrial & Infrastructure Fund Investment Corporation; Revised Outlook to Positive

Aug. 07, 2012

JCR Assigned AA Rating to Bonds of Kyushu Electric Power

JCR Affirmed A/Stable, A, Preliminary A and J-1 Rating on Hankyu Hanshin HLD

JCR Affirmed A/Stable and A Rating on Hanshin Electric Railway

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Affirmed BBB+/Stable, Preliminary BBB+ and J-2 on Penta-Ocean Construction

Aug. 06, 2012

JCR Affirmed AA/Stable Ratings on Sony Life

JCR Affirmed BBB-/Stable Rating on Senior Debts of Ishihara Sangyo

JCR Affirmed BBB-/Stable Rating on Senior Debts of Airtech Japan

Aug. 03, 2012

JCR Assigned AA- Rating to Specified Bonds of Nissay 2012 Fund SPC

JCR Assigned A- Rating to Subordinated Loan of Toho Bank

JCR Assigned Preliminary A+ Rating to Shelf Reg. of Keikyu

JCR Affirmed A-/Stable, Preliminary A- and J-1 Rating on Central Glass

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

JCR Affirmed A-/Stable Rating on Senior debts of Japan Vilene

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

JCR Affirmed A+ Rating on EMTN of Marubeni
JCR Assigned A+ Rating on EMTN of Marubeni Finance Europe

Aug. 02, 2012

JCR Affirmed AAA FC/LC Ratings on Norway

JCR Affirmed AA-/Stable and AA- on United Urban Investment

JCR Affirmed BBB+/Stable, Preliminary BBB+ and BBB+ on Heiwa Real Estate

JCR Affirmed A/Stable Rating on Senior Debts of Juroku Bank
JCR Affirmed A/Stable Rating on Senior Debts of Gifu Bank

JCR Downgraded Rating on Sharp from A+ to #A-/Negative

JCR Affirmed A-/Stable and A- Rating on Valor

Aug. 01, 2012

JCR Withdraws BBB/Stable Rating on Senior debts of DAIKEN Corporation

JCR Assigned A- Rating to Bonds of Mori Building

JCR Removed CM; Affirmed A and J-1 Rating on TEPCO