News Release

Nov. 25, 2011

JCR Withdraws A+ Rating on EMTN Programme of Sumitomo Chemical
JCR Withdraws A+ Rating on EMTN Programme of Sumitomo Chemical (U.K.)
JCR Withdraws A+ Rating on EMTN Programme of Sumitomo Chemical Capital America

JCR Assigned A+ Rating to Bonds of Konica Minolta Holdings

JCR Removed CM;Affirmd BBB and BBB on Monex Group; Outlook Stable
JCR Removed CM;Affirmd BBB and J-2 on Monex; Outlook Stable

JCR Affirmed AA- Rating on Mitsui O.S.K. Lines; Revised Outlook to Negative

JCR Affirmed AA- on EMTN Programme of Mitsui O.S.K. Lines
JCR Affirmed AA- on EMTN Programme of Euromol

Nov. 24, 2011

JCR Affirmed BBB+p/Stable Rating on Senior Debts of Nishimatsu Construction

Nov. 22, 2011

JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL11-11

JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL11-11

JCR Assigned J-1 to Medical Fees Receivable ABL11-11 (C Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-11 (M Hospital)

JCR Assigned J-1 to Dispensing Fees ABL11-11 (Nanba Pharmacy)

JCR Revised Outlook to Negative on Nippon Paper Group
JCR Revised Outlook to Negative on Nippon Paper Industries

JCR Assigned Preliminary A+ Rating to Sub.Bonds of Nomura Holdings

JCR Affirmed AA-/Stable and J-1+ on Nippon Electric Glass

JCR Assigned A- Rating to Bonds of Mitsui Mining and Smelting

JCR Downgraded Rating on Daio Paper from #BBB[Negative] to #BBB-[Negative]; Maintained CM

JCR Affirmed A Rating on EMTN Programme of BOT Lease

JCR Assigned J-2 Rating on CP of Shinhan Bank Japan

JCR Assigned Preliminary BBB+ Rating to Shelf Reg. of Fuji Electric

JCR Affirmed BBB/Stable and J-2 Rating on Nippon Light Metal

JCR Affirmed A/Stable, Preliminary A and J-1 on Takara Holdings

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

Nov. 21, 2011

JCR Assigned J-1 to Medical Fees Receivable ABL11-11 (Asahikawa Sanai HP)

JCR Assigned J-1 to Medical Fees Receivable ABL11-11 (H Hospital)

JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL11-11

JCR Assigned J-2 Rating to CP of Seibu Oil

JCR Affirmed A-/Stable Rating on Senior Debts of MIRAIT Holdings

JCR Affirmed AAA/Stable and AAA on Tokyo Metro

Nov. 18, 2011

JCR Assigned J-1 to Medical Fees Receivable ABL11-11 (F Hospital)

JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 11110

JCR Assigned J-1 to Medical Fees Receivable ABL11-11 (L Hospital)

JCR Assigned A+ Rating to Bonds of Kobe Steel

JCR Affirmed A/Stable, A, Pre. A and J-1 Rating on BOT Lease

JCR Affirmed A+/Stable and J-1 Rating on JTEKT Corporation

JCR Affirmed A+/Stable and J-1 Rating on Sumishin Real Estate Loan & Finance

JCR Affirmed A/Stable Rating on Senior Debts of Square Enix Holdings

Nov. 17, 2011

JCR Assigned J-1 to Kurashiki Medical Center Beneficial Interest 11-11

JCR Assigned J-1 to Medical Fees Receivable ABL11-11 (Kyowakai)

JCR Assigned A rating to bond of France Telecom

Nov. 16, 2011

JCR Assigned J-1 to Medical Fees Receivable ABL11-11 (K Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-11 (E Hospital)

JCR Assigned J-1 to Dispensing Fees Receivable ABL11-11 (sun-kur)

JCR Assigned J-1 to Medical Fees Receivable ABL11-11 (I Hospital)

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Downgraded TEPCO from #A+[Negative] to #A[Negative]; Maintains CM

Nov. 15, 2011

JCR Downgraded Rating on Leases/Loans Receivable Against Softbank Mobile Corporation

JCR Downgraded Rating on Leases/Loans Receivable Against Softbank Mobile Corporation

JCR Downgraded Rating on Leases/Loans Receivable Against Softbank Mobile Corporation

JCR Assigned J-1+ to Takeda General Hospital Beneficial Interest 11-11

JCR Downgraded Rating on Leases/Loans Receivable Against Softbank Mobile Corporation

JCR Assigned BBB/Stable Rating to Senior Debts of Shimane Bank

JCR Assigned Preliminary A Rating to Shelf Reg. of Kawasaki Heavy Ind.

Nov. 14, 2011

JCR Assigned Pre. J-1 to Kurashiki Medical Center Beneficial Interest 11-11

JCR Affirmed AA/Stable and J-1+ Rating on Tokyo Electron

JCR withdraws AAp Rating on BNP Paribas

JCR Affirmed A/Stable, A, Pre. A and J-1 Rating on Fuyo General Lease

JCR Affirmed A/Stable and J-1 Rating on Sharp Finance Corporation

Nov. 11, 2011

JCR Assigned J-1 to Medical Fees Receivable ABL11-11 (B Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-11 (G Hospital)

JCR Affirmed AA-/Stable, AA-, Preliminary AA- and J-1+ on SMFL

JCR Affirmed J-1 Rating on CP of MG Leasing Corporation

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency

Nov. 10, 2011

JCR Assigned Pre. J-1+ to Bills Receivable Beneficial Interest 11-11 (A Corp.)

JCR Affirmed A- and J-1 on JA Mitsui Leasing; Revised Outlook to Positive

JCR Affirmed A/Stable Rating on Senior Debts of Marubeni-Itochu Steel

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

JCR Affirmed A+/Stable and J-1 Rating on Ito En

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

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

JCR Assigned Preliminary A to Shelf Registration of Kawasaki Heavy Ind.

Nov. 09, 2011

JCR Affirmed AAA/Stable, AAA and Pre. AAA Rating on Development Bank of Japan

JCR Affirmed AAA on bonds (guaranteed by DBJ) of Suzuyo & Co.

JCR Affirmed AA+/Stable Rating on Senior debts of Shoko Chukin Bank

JCR Affirmed BBB+/Stable Rating on Senior Debts of Asahi Fire & Marine Insurance

JCR Assigned BBB to Sub.Bonds of Tottori Bank; Affirmed BBB+ and Revised Outlook to Negative

JCR Affirmed A-/Stable, A- and J-1 on Konoike Transportation

JCR Assigned BBB/Stable Rating to Senior Debts of Zensho Holdings

Nov. 08, 2011

JCR Assigned J-1 to Medical Fees Receivable ABL11-11 (D Hospital)

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

Nov. 07, 2011

JCR Affirmed BBB+/Stable Rating on Senior Debts of Southern Tohoku Research Institute for Neuroscience

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

JCR Affirmed BBB-/Stable Rating on Senior Debts of Sankyo-Tateyama Holdings

Nov. 04, 2011

JCR Assigned J-1+ to JUTEC Bills Receivable ABL11-11

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

JCR Affirmed A-/Stable and A- on Nippon Thompson

JCR Assigned A+ Ratings to Bonds to be issued by Daejeon Riverside Expressway Funding

JCR Affirmed BBB/Stable Rating on Fukushima Bank

JCR Affirmed BBB/Stable and BBB- Rating on Daito Bank

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

JCR Affirmed A Rating on Toho Bank; Revised Outlook to Stable

Nov. 02, 2011

JCR Affirmed AA/Stable and AA Rating on MORI TRUST Sogo Reit

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed J-2 Rating on CP of Kokusai Pulp & Paper

JCR Removed Credit Monitor; Affirmed BBB on TOMY with Stable Outlook

CR Assigned A- Ratings to Bonds of Mori Building

Nov. 01, 2011

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

JCR Affirmed A/Stable Rating on Sr.debts of Okazaki Shinkin Bank

JCR Affirmed A+/Stable Rating on Sr.debts of Hekikai Shinkin Bank

JCR Affirmed AA+/Stable and J-1+ Rating on Toa Reinsurance

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