News Release

Mar. 01, 2012

JCR Affirmed AA/Stable Rating on SECOM General Insurance

Feb. 29, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL12-02

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL12-02

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL12-02

JCR Affirmed J-1+ Rating on CP of Nippon Telegraph and Telephone West Corporation

JCR Affirmed AAA/Stable and AAA Rating on NTT DoCoMo

JCR Affirmed J-1+ Rating on CP of Nippon Telegraph and Telephone East Corporation

JCR Upgraded Rating on JGC from A/Positive to A+/Stable; Affirmed J-1 on CP

JCR Assigned BBB Rating to Subordinated Bonds of Tottori Bank

Feb. 28, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL12-02

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL12-02

JCR Affirmed J-2 Rating on CP of KYOKUYO

JCR Assigned A Rating to Bonds of Takata Corporation

JCR Assigned A Rating to Bonds of Acom

JCR Assigned Preliminary A+ Rating to Shelf Reg. of Shimadzu Corporation

JCR Affirmed A-/Stable, A-, Pre. A-, and J-1 Rating on Sumitomo Osaka Cement

Feb. 27, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to CATERPILLAR Kyushu Bills ABL12-02

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 12020

JCR Removed CM; Affirmed A+ Ratings on Hana Bank

JCR Affirmed A- Rating on Nagoya Railroad; Revised Outlook to Stable

JCR Upgraded Ratings on San-Ai Oil from BBB+/Positive, J-2 to A-/Stable, J-1

JCR Affirmed AA+/Stable Rating on SECOM

Downgraded Rating on Elpida Memory from #BBB-/Negative and #J-2/Negative to D

Feb. 24, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-02

JCR Removed CM; Affirmed BBB+ Rating on PGM Holdings

JCR Affirmed J-2 Rating on CP of Furukawa Electric

JCR Affirmed AA-p/Stable Rating on FamilyMart

JCR Removed CM; Downgraded Rating on Sharp Corp. from #AA/Negative Direction to AA-/Negative Outlook

JCR Affirmed J-1 Rating on CP of Hulic

JCR Assigned BBB Rating to Bonds of Sojitz Corporation

JCR Assigned A- Rating to Bonds of Tokyu Land

JCR Withdraws AA/Stable Rating on Senior debts of Sumitomo Wiring Systems

JCR Assigned A- Rating to Bonds of Sapporo Holdings

Feb. 23, 2012

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

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable Beneficial Interest 12-02 (A Corp.)

JCR Assigned Preliminary A Rating to Shelf Registration of Denki Kagaku Kogyo

JCR Assigned Preliminary A- Rating to Shelf Reg. of All Nippon Airways

Feb. 22, 2012

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL12-02

[ Asset Securitization Products ]JCR Assigned Preliminary AAA, BBB- and AAA Rating to Toyonosato Senior, Mezzanine & Servicer Beneficial Interest and ABL

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (C Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (Asahikawa Sanai HP)

JCR Affirms A+p/AA-p (FC/LC) Ratings on KDB

JCR Assigned A Rating to Bonds of Taiyo Nippon Sanso; Affirmed A/Stable and J-1

JCR Assigned AA- Rating to Bonds of Mitsubishi UFJ Lease & Finance

JCR Assigned Preliminary A- Rating to Shelf Reg. of Pocket Card

JCR Assigned Preliminary A- Rating to Shelf Registration of Orient Corporation

JCR Assigned AA- Rating to Bonds of ITOCHU Corporation

Feb. 21, 2012

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL12-02

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (G Hospital)

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-02

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to CATERPILLAR Kyushu Bills ABL12-02

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL Program (H Hospital)

JCR Affirmed BBB+/Stable Rating on Senior Debts of Ome Shinkin Bank

JCR Affirmed A/Stable and J-1 Rating on AEON Kyushu

JCR Affirmed A+/Stable, A+ and J-1 Rating on AEON Credit Service

JCR Affirmed A-/Stable Rating on Foreign Currency Long-term Senior debts of AEON THANA SINSAP (Thailand) Public Company Limited

Feb. 20, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (L Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (F Hospital)

JCR Affirmed AA-/Stable, AA-, Preliminary AA- and J-1+ Rating on Asahi Group Holdings

Feb. 17, 2012

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 12020

[ Asset Securitization Products ] JCR Assigned J-1 to Kurashiki Medical Center Beneficial Interest 12-02

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to Medical Fees Receivable Beneficial Interest Program (Takeda General Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (Kyowakai)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (I Hospital)

JCR Affirmed A+/Stable Rating on Senior Debts of Oita Bank

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

JCR Assigned A+ Rating to Bonds of Kobe Steel

JCR Assigned A+ Rating to Bonds of Ito En

Feb. 16, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Dispensing Fees Receivable ABL12-02 (sun-kur)

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL12-02

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (K Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (E Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (M Hospital)

JCR Affirmed BBB+/Stable and BBB+ Rating on Shibusawa Warehouse

JCR Assigned A-/Stable, A-, Preliminary A- and J-1 Rating to IHI Corporation

JCR Affirmed AA-/Stable Rating on Benesse Holdings

JCR Assigned AA- Rating to Bonds of SMFL

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

JCR Assigned AA Rating to Bonds of Kansai International Airport

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Feb. 15, 2012

[ Asset Securitization Products ] JCR Assigned J-1+ to Takeda General Hospital Beneficial Interest 12-02

JCR's Opinion on Notice by Industrial & Infrastructure Fund Investment Corporation Regarding Issuance of New Investment Units

Feb. 14, 2012

JCR Affirmed AA-/Stable, AA-, Preliminary AA- Rating on Tokai Rubber Industries

JCR Affirmed A Rating on Kenedix Realty Investment; Revised Outlook to Positive

JCR Affirmed AA/Stable, AA, Preliminary AA and J-1+ on Sumitomo Electric Industries

JCR Affirmed AA/Stable and AA on Sumitomo Wiring Systems

JCR Downgraded Rating on Elpida Memory from #BBB/Negative to #BBB-/Negative; Maintains CM Negative

Feb. 13, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Kurashiki Medical Center Beneficial Interest 12-02

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (B Hospital)

JCR Affirmed A+/Stable and J-1+ Rating on Kyoei Fire & Marine Insurance

JCR Affirmed AA+/Stable and AA+ Rating on Japan Water Agency

JCR Assigned BBB+/Stable Rating to Senior Debts of Marudai Food

Feb. 10, 2012

JCR Affirmed A+ rating on CABEI

JCR Assigned A- Rating to Bonds of Mori Building

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency; Affirmed AA/Stable and AA

JCR Affirmed AA- rating on CAF

JCR Affirmed A Rating on Century Tokyo Leasing; Revised Outlook from Stable to Positive

JCR Affirmed A Rating on Fujitsu Leasing; Revised Outlook from Stable to Positive

JCR Assigned A+ Rating to Subordinated Bonds of Mizuho Bank

JCR Assigned AA Rating to Bonds of MORI TRUST Sogo Reit