News Release

Jun. 15, 2011

Affirmed A/Stable rating on Shinkin Guarantee Fund

Jun. 14, 2011

<Asset Securitization Products> Assigned pre. J-1+ to Bills Receivable Ben. Int. 11-06 (A Corp.)

<Asset Securitization Products> Assigned pre. J-1 to Kurashiki Medical Center Ben. Int. 11-06

Affirmed A+/Stable, A+ and J-1+ on JCB

Assigned AA- rating to bonds of Mitsui Fudosan

Affirmed A-/Stable rating on sr.debts of Seishin Shinkin Bank

Affirmed BBB+/Stable, BBB+ and pre. BBB+ rating on PGM Holdings

Jun. 13, 2011

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-06 (B Hospital)

Affirmed A-/Stable rating on senior debts of Tono Shinkin Bank

JCR's Rating Review of Money Market Brokers

Jun. 10, 2011

Affirmed A-/Stable and A- on AvanStrate

Assigned preliminary A+ rating to shelf reg. of THK

Assigns "AA-" Rating to CAF's Samurai Bond

Jun. 09, 2011

Assigned A rating to bonds of Acom

Removed CM; Revised rating on AIG Edison to AA-/Stable

Assigned A+ rating to bonds of Tokyu Corporation

Jun. 08, 2011

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-06 (D Hospital)

Assigned BBB-/Stable to senior debts of Ichinen; Affirmed J-2

Jun. 07, 2011

Assigned A+ rating to bonds of Marubeni Corporation

Affirmed A+/Stable and J-1 rating on Sumitomo Rubber Industries

Affirmed A- rating on Hiroshima Shinkin Bank; Outlook Positive

Assigned A+ rating to sub.bonds of Sumitomo Trust and Banking

Jun. 06, 2011

Affirmed AAA and J-1+ on Kyushu Electric Power; Outlook Negative

Affirmed AAA, J-1+ on Chugoku Electric Power; Outlook Negative

Affirmed AAA and J-1+ on Kansai Electric Power; Outlook Negative

Affirmed J-1+ rating on CP of Chubu Electric Power

Affirmed AAA on Electric Power Development; Outlook Negative

Affirmed AAAp on Hokkaido Electric Power; Outlook Negative

Affirmed A+/Stable and J-1 rating on JX Holdings

Affirmed AA on Japan Atomic Power; Outlook Negative

Jun. 03, 2011

JCR Affirmed AA- on Class B, A- on Class C,D bonds of Trust Maison Two TMK

Affirmed BBB+/Stable and J-2 rating on Maruetsu

Assigned A- rating to bonds of Softbank

Affirmed A-/Stable rating on sr.debts of Saitamaken Shinkin Bank

Affirmed BBB+/Stable and J-2 rating on Inageya

Assigns "AA-" Preliminary Rating to CAF's Samurai Bond

Assigned AA- to subordinated bonds of Tokyo-Mitsubishi UFJ

Affirmed A/Stable rating on senior debts of ROHTO Pharmaceutical

Jun. 02, 2011

Affirmed A-/Stable rating on senior debts of Yokohama Reito

Assigned AA rating to bonds of JFE Holdings

Assigned AA+ rating to bonds of NTT Finance Corp.

Affirmed A/Stable, A, preliminary A and J-1 on Kureha

Assigned A rating to bonds of Sumitomo Realty & Development

Placed ratings on Rakuten KC under CM #BBB+, #J-2/Developing

May. 31, 2011

<Asset Securitization Products> Assigned J-1 to Molten Bills Receivable ABL11-05

<Asset Securitization Products> Assigned J-1 to Nohara Bills Receivable ABL11-05

<Asset Securitization Products> Assigned J-1+ to Teral Bills Receivable ABL11-05

<Asset Securitization Products> Assigned J-1 to Toda Kogyo Bills Receivable ABL11-05

Revised rating on Kanematsu from BBB- to BBB/Sta.; Affirmed J-2

Affirmed A+/Stable and J-1 on Sumitomo Bakelite

Affirmed BBB/Stable rating on senior debts of Kappa Create

Affirmed A-/Stable rating on sr.debts of H2O Retailing

Affirmed BBB+ on sr.debts of Tokyo Star Bank; Outlook Negative

Affirmed A-/Stable, A- and J-1 on Nisshin Oillio Group

Affirmed BBB rating on Fukuho Bank; Revised outlook to Stable

Affirmed A/Stable, A- and pre. A rating on Fukui Bank

Affirmed A/Stable and A- rating on Chukyo Bank

Assigned A rating to bonds of Orix Corporation

May. 30, 2011

<Asset Securitization Products> Assigned J-1 rating to Aso Shoji Bills Receivable ABL11-05

Affirmed BBB+/Positive and BBB on Senshu Ikeda Bank

Assigned A/Stable and J-1 rating to Nomura Real Estate Holdings

May. 27, 2011

<Asset Securitization Products> Assigned J-1+ to Bills Receivable Ben. Int. 11-05 (A Corp.)

<Asset Securitization Products> Assigned J-1+ to Chudai Jitugyo Bills Receivable ABL11-05

<Asset Securitization Products> Assigned J-1 to Hyakugo Bank B Co. Bills Receivable ABL11-05

<Asset Securitization Products> Assigned J-1 to Hayakawa Rubber Bills Receivable ABL11-05

Affirmed A-/Stable and A- on KITZ Corporation

Assigned A rating to bonds of Century Tokyo Leasing Corporation

Assigned A rating to bonds of Acom

Assigns AAA ratings to AfDB's notes

Affirms A/A+ (FC/LC) ratings on Czech Republic: Outlook Stable

May. 26, 2011

Assigned AA- rating to bonds of ITOCHU

Assigned BBB+ rating to bonds of Nankai Electric Railway

May. 25, 2011

<Asset Securitization Products> Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL11-05

<Asset Securitization Products> Assigned J-1+ to MSNW Trust Certificate Series 11050

<Asset Securitization Products> Assigned J-1 to dispensing fees ABL11-05 (Nanba Pharmacy)

Affirmed AA-/Stable and AA- on sr.debts and EMTN of Nomura Bank Intl plc

Affirmed AA-/Stable, AA- and A+ on Nomura Securities

JCR Affirmed AA-/Stable, AA- and A+ on Nomura Holdings
JCR Affirmed AA-/Stable, AA- and A+ on Nomura Securities
JCR Affirmed AA-/Stable and AA- on sr.debts and EMTN of Nomura Bank International
JCR Affirmed AA- on EMTN of Nomura Europe Finance
JCR Affirmed AA- on EMTN of Nomura Global Funding

Affirmed AA- on EMTN of Nomura Global Funding plc

Affirmed AA- on EMTN of Nomura Europe Finance N.V.

Assigned AA- rating to bonds of Sumitomo Metal Industries

Affirmed AA-/Stable on senior debts of Nomura Trust and Banking

Assigned A+ rating to subordinated bonds of SMBC

Assigned preliminary A- to shelf reg. of Keihan Electric Railway

May. 24, 2011

<Asset Securitization Products> Assigned pre.J-1 to Hyakugo Bank B Co. Bills Receivable ABL11-05

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-05 (J Hospital)

Affirmed BBB on Dainippon Screen Mfg.; Outlook Positive

Affirms AA rating on DnB NOR BANK ASA; Outlook Stable

May. 23, 2011

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-05 (M Hospital)

<Asset Securitization Products> Assigned pre. J-1 rating to Aso Shoji Bills Receivable ABL11-05

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-05 (Asahikawa Sanai HP)

Affirmed BBB+, pre. BBB+, J-2 on NSG; Revised Outlook to Stable

Affirmed AA/Stable, AA & pre. AA on Kansai International Airport

Revised rating on Valor from BBB+/Stable to A-/Stable

Withdraws BBB-/Stable rating on sr.debts of Keiyo

Affirmed A-/Stable and J-1 on Central Glass

May. 20, 2011

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-05 (G Hospital)

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-05 (H Hospital)

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-05 (C Hospital)

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-05 (G Hospital)