News Release

Apr. 17, 2012

JCR Assigned AA- Rating to Bonds of Mizuho Corporate Bank

Apr. 16, 2012

JCR Assigned AA- to Commitment Line for PASMO

JCR Affirmed BBB+/Stable and BBB on Nagano Bank

JCR Withdraws BBB+/Stable Rating on Senior debts of PARIS MIKI HOLDINGS

JCR Affirmed A-/Stable Rating on Chikuho Bank

JCR Affirmed AA/Stable and AA Rating on Nitto Denko

Apr. 13, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-04 (K Hospital)

JCR Assigned BBB+ Rating to Bonds of Kintetsu

JCR Removed CM; Upgraded Ratings on AEON Housing Loan Service to A-/Stable Outlook and J-1

JCR Assigned A/Stable Rating to Senior Debts of Citizen Holdings

JCR Assigned AA- Rating to Bonds of Sumitomo Metal Industries

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed A/Positive and J-1 Rating on LINTEC

JCR Assigned AA- Rating to Bonds of Advance Residence Investment Corp.

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

Apr. 12, 2012

JCR Assigned Pre. J-1+ to Bills Receivable Beneficial Interest 12-04 (A Corp.)

JCR Assigned Preliminary J-1 to Kurashiki Medical Center Beneficial Interest 12-04

JCR Affirmed AAA Ratings on IDB

JCR Affirmed A-/Stable, BBB+ and Preliminary A- on Shikoku Bank

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

JCR Affirmed BBB/Stable and BBB- Rating on Saga Kyoei Bank

JCR Affirmed AA-/Stable Rating on Senior debts of Maruichi Steel Tube

JCR Assigned AA- Rating to Bonds of Nomura Holdings

Apr. 11, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-04 (B Hospital)

JCR Assigned AA- Rating to Bonds of Hitachi Capital

JCR Affirmed A-/Stable and Preliminary A- Rating on Minato Bank

JCR Assigned AA Rating to Bonds of JFE Holdings

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Apr. 10, 2012

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

JCR Affirmed BBB+ Rating on Chubu Shiryo; Revised Outlook to Stable

JCR Assigned AAA Rating to Bonds of DBJ

JCR Withdraws J-2 Rating on CP of Japan Radio

JCR Affirmed A-/Stable, Preliminary A- and J-1 on Nisshin OilliO Group

Apr. 09, 2012

JCR Affirmed A- Rating on H2O Retailing; Revised Outlook to Positive

JCR Affirmed AA+p/Stable Rating on Senior debts of Shin-Etsu Chemical

Apr. 06, 2012

JCR Affirmed A Rating on National Grid Gas

Apr. 05, 2012

JCR Affirmed AAA Ratings on ADB

Apr. 04, 2012

JCR Affirmed A-/A (FC/LC) Ratings on Thailand

JCR Affirmed A-/A (FC/LC) Ratings on PTT

JCR Affirmed A-/A (FC/LC) Ratings on PTTEP

JCR Assigned BBB- Rating to Subordinated Bonds of Minami-Nippon Bank

JCR Withdraws BBB Rating on Senior Debts of Vital KSK Holdings

Apr. 03, 2012

JCR Affirmed BBB+ Ratings on Hanwha Chemical

JCR Downgraded Ratings on Hungary from BBB+/A- (FC/LC) to BBB/BBB+

JCR Downgraded Ratings on NBH from BBB+/A- (FC/LC) to BBB/BBB+

JCR Assigned BBB+ ratings to notes of India EXIM

JCR Affirmed BBB/Stable Rating on Senior Debts of San Holdings

JCR Affirmed A-/A (FC/LC) Ratings on Poland

JCR Assigned Preliminary AAA Rating to Shelf Reg. of NTT DoCoMo

JCR Affirmed BBB+/Stable Rating on Senior debts of Yorozu

JCR Affirmed A/Stable, A and J-1 Rating on Takata Corporation

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

JCR Affirmed BBB/Stable and J-2 Rating on UCS

JCR Assigned Preliminary BBB Rating to Shelf Reg. of Daikyo

Apr. 02, 2012

JCR Affirmed AA- Rating to WILLOW NO.2 (CAYMAN) LIMITED Series 002

JCR Affirmed J-1+ Rating on ABCP of Vector Asset
JCR Affirmed J-1+ Rating on ABCP of Nexus Asset

JCR Affirmed A/Stable and A- Rating on Senior debts and Subordinated Bonds of Nanto Bank

JCR Affirmed AAA Ratings on Finland

JCR Affirmed J-1+ Rating on CP of Okinawa Electric Power Company

JCR Assigned AAA/Stable Rating to Senior Debts of Japan Bank for International Cooperation

JCR Affirmed J-1 Rating on CP of Fuyo General Lease

JCR Assigned Preliminary A- Rating to Shelf Reg. of Ube Industries

Mar. 30, 2012

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable ABL12-03 (A Corp. in Niigata)

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL12-03

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL12-03

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL12-03

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL12-03

JCR Downgraded Rating on Mitsumi Electric from A/Stable to A-/Stable; Affirmed J-1 Rating

JCR Affirmed A-/Stable Rating on Takasago International Corporation

JCR Assigned AA- Rating to Loan of Tokyo International Air Terminal Corporation

JCR Withdraws J-1 Rating on CP of Takara Standard

JCR Assigned Preliminary A- Rating to Shelf Reg. of Central Glass

JCR Affirmed A+ and A Rating on Subordinated Euro Medium Term Note Programme of Sumitomo Mitsui Trust Bank and STB Finance Cayman
JCR Withdraws Preliminary AA- Rating on Shelf Reg. of Chuo Mitsui Trust and Banking

JCR Affirmed AA+/Stable Rating on Aoyama Gakuin

JCR Assigned Preliminary AA Rating to Shelf Reg. of Bank of Yokohama

Mar. 29, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to CATERPILLAR Kyushu Bills ABL12-03

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL12-03

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL12-03

JCR Upgraded Rating on KEIAIKAI from BBB+/Positive to A-/Stable

JCR Affirmed A- Rating on Senior debts of Hiroshimashi Credit Cooperative; Revised Outlook from Stable to Positive

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

Mar. 28, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-03 (2)(D Hospital)

[ Asset Securitization Products ] JCR Assigned A to NIHONWASOU CREDIT Installment Sec. 201203

JCR Assigned BBB+/Stable Rating to Senior Debts of Sato Holdings Corporation

JCR Affirmed BBB/Stable Rating on Senior debts of GEO HOLDINGS

Mar. 27, 2012

[ Asset Securitization Products ]JCR Assigned AAA and A- to Beneficial Interest of Triangulum Occident

JCR Affirmed A-/Stable and J-1 Rating on Idemitsu Credit

JCR Assigned BBB+ preliminary ratings to notes of India EXIM

JCR Affirmed A/Stable Rating on Wakkanai Shinkin Bank

JCR Affirmed A/Stable Rating on Tomakomai Shinkin Bank

JCR Affirmed A-/Stable and A- Rating on Temp Holdings

JCR Downgraded Rating on Nihon Chouzai from BBB to BBB-

Mar. 26, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Kimura Bills Receivable ABL12-03

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 12030

JCR Assigned BB+ Rating to Subordinated Bonds and Subordinated Loans of Nippon Light Metal

JCR Affirmed BBB+/Stable Rating on Senior Debts of Yasuda Warehouse

JCR Affirmed A+p/Stable Rating on Senior debts of Shimizu Corporation

JCR Placed Ratings on Kowa Real Estate under Credit Monitor #BBB+[Positive] and #J-2[Positive]

Mar. 23, 2012

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL12-03

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL12-03