News Release

Jul. 05, 2012

JCR Placed Senior Debts of Parco under Credit Monitor #A-[Positive]

JCR Assigned A+ Ratings to JPY Bonds of Shinhan Bank

Jul. 04, 2012

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

JCR Affirmed A/Stable Rating on Senior Debts of OSG Corp.

Jul. 03, 2012

JCR Assigned BBB/Stable, Preliminary BBB and J-2 Rating to Taiheiyo Cement; WR BBBp

JCR Affirmed BBB+/Stable and J-2 Rating on Toho Zinc

JCR Affirmed BBB+/Stable and J-2 Rating on Maruetsu

JCR Affirmed BBB/Stable Rating on Senior Debts of Clarke Gakuen

Jul. 02, 2012

JCR Affirmed AAA Ratings on Australia

JCR Affirmed J-1 Rating on CP of Uny; Increase in CP Maximum Amount

JCR Assigned Preliminary A- Rating to Subordinated Loan of Toho Bank

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Assigned BBB- to Sub. Loan of Kawasaki Kisen Kaisha

Jun. 29, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL12-06

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL12-06

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL12-06

JCR affirmed AAA ratings on United Kingdom

JCR Affirmed A/Stable, A- and Preliminary A Rating on Chukyo Bank

JCR Assigned Preliminary AA+ Rating to Shelf Reg. of NTT Data

JCR Affirmed A+/Stable, A+, Preliminary A+ and J-1 on Sumitomo Rubber Industries

JCR Withdraws J-1 Rating on CP of Mitsubishi Chemical Corporation

JCR Assigned AA/Stable to New Kansai International Airport
JCR Affirmed AA/Stable on Kansai International Airport

JCR Removed CM; Affirmed A/Stable and J-1 on Hulic
JCR Removed CM; Upgraded Rating on Shoei from #BBB+[Positive] to A/Stable Outlook

JCR Upgraded Rating on Yokohama Rubber from A/Positive to A+/Stable

JCR Assigned Pre. AA- and Pre. A+ Rating to Shelf Registration of Sumitomo Mitsui Banking Corporation

JCR Affirmed J-1+ Rating on CP of Toyota Tsusho; Increase in CP Maximum Amount

Jun. 28, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL12-06

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL12-06

JCR Affirmed FC/LC Ratings on Turkey and Revised LC Rating Outlook to Positive

JCR Assigned AA- Rating to Bonds of United Urban Investment

JCR Affirmed BBB+/Stable and J-2 Rating on Inageya

JCR Withdraws AAp Rating on NAB

JCR Affirmed J-2 Rating on CP of Asax

Jun. 27, 2012

JCR Affirmed BBB+/Stable Rating on Senior debts of Kohnan Shoji

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

JCR Affirmed A+/Stable Rating on Hokkoku Bank

Jun. 26, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Kimura Bills Receivable ABL12-06

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable Beneficial Interest 12-06 (A Corp.)

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-06

Highlights of Major Information Service Providers' Financial Results for Fiscal Year Ended March 31, 2012

JCR Downgraded Ratings on Covalent Materials from #BB+[Negative] to #CCC[Negative]; Maintains CM Negative

Jun. 25, 2012

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 12060

JCR Affirmed BBB+/Stable Rating on IDEC

Jun. 22, 2012

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL12-06

JCR Assigned Preliminary A+ Rating to Shelf Registration of Nissan Financial Services

JCR Assigned Preliminary A Rating to Shelf Registration of Hankyu Hanshin Holdings

JCR Assigned BBB Rating to Subordinated Bonds of Tokyo Star Bank

JCR Withdraws BBB-/Stable Rating on Nakabayashi

Jun. 21, 2012

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-06

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL12-06

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-06 (G Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-06 (Asahikawa Sanai HP)

JCR Affirmed A-/Stable Rating on Senior Debts of Yokohama Shinkin Bank

Jun. 20, 2012

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL12-06

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-06 (C Hospital)

JCR Affirmed A+/Stable and A+ Rating on Nishi-Nippon Railroad

JCR Affirmed A/Stable Rating on Senior Debts of Seibu Shinkin Bank

Jun. 19, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-06 (I Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-06 (F Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL Program (L Hospital)

JCR Assigned A Rating to Bonds of Sumitomo Realty & Development

JCR Assigned A+ Pre. Ratings to JPY Bonds of SHB; Affirmed A+ FC

JCR Upgraded Rating on Fukuyama Transporting from A-/Positive to A/Stable

JCR's Rating Review of Electric Power Companies

Jun. 18, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Kurashiki Medical Center Beneficial Interest 12-06

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-06 (E Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Dispensing Fees Receivable ABL12-06 (sun-kur)

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 12060

JCR Affirmed A/Stable Rating on Senior Debts of Sapporo Shinkin Bank

JCR Assigned Preliminary A Rating to Shelf Registration of Jupiter Telecommunications

JCR Upgraded Rating on AOKI Holdings from A-/Stable to A/Stable

Jun. 15, 2012

JCR Downgraded FC/LC Ratings on Spain and Placed Them under Credit Monitor #AA[Negative]

JCR Downgraded Rating on Takayama Shinkin Bank from BBB/Stable to BBB-/Stable

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Highlights of Flour/Oil Milling Companies' Financial Results for Fiscal Year Ended March 31, 2012

Jun. 14, 2012

JCR Upgraded Rating on JCB from A+ to AA-; Affirmed J-1+

Highlights of Financial Results of Major Real Estate Companies for Fiscal Year Ended March 31, 2012

JCR Affirmed BBB+/Negative and BBB on Tokyo Star Bank

JCR Assigned A- Rating to Bonds of Nippon Thompson

JCR Affirmed A/Stable Rating on Senior Debts of ROHTO Pharmaceutical

JCR Withdraws AA+p Ratings on BBVA

Jun. 13, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-06 (K Hospital)

JCR Downgraded FC/LC Ratings on Slovenia to AA-/Negative from AA/Stable

Highlights of General Trading Companies' Financial Results for Fiscal Year Ended

Jun. 12, 2012

JCR's Rating Review of Money Market Brokers

[ Asset Securitization Products ] JCR Assigned Pre. J-1+ to Bills Receivable Beneficial Interest 12-06 (A Corp.)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-06 (B Hospital)

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Kurashiki Medical Center Beneficial Interest 12-06

JCR Assigned AA- Rating to Bonds of Nomura Holdings

JCR Assigned A+ Rating to Bonds of Nippon Yusen Kabushiki Kaisha

JCR Affirmed BBB/Stable Rating on Senior Debts of Sintokogio

Jun. 11, 2012

JCR Affirmed A-/Stable Rating on Senior Debts of Tono Shinkin Bank

Highlights of Private Railway Industry's Financial Results

JCR Affirmed A+/Stable, Preliminary A+ and J-1 on THK

JCR Affirmed A-/Positive Rating on Senior Debts of Hiroshima Shinkin Bank

Jun. 08, 2012

Highlights of Financial Results of General Chemical Manufacturers for Fiscal Year Ended March 31, 2012

JCR Assigned Preliminary A+ Rating to Shelf Registration of Showa Shell Sekiyu

JCR Assigned A- rating to JPY bonds of Renault

JCR Assigned AA+ Rating to Bonds of NTT Data

JCR Assigned BBB+ Rating to Bonds of Hanwa