News Release

Oct. 31, 2011

JCR Assigned J-1+ to Teral Bills Receivable ABL11-10

JCR Assigned J-1 to Molten Bills Receivable ABL11-10

JCR Assigned J-1 to Nohara Bills Receivable ABL11-10

JCR Assigned Preliminary A Rating to Shelf of Nishi-Nippon City Bank

JCR Affirmed J-2 Rating on CP of Daiho Corporation

JCR Withdraws BBB- Rating on Marubeni Construction Material Lease

JCR Affirmed A+/Stable and J-1 Rating on Nippon Steel Logistics

JCR Assigned Preliminary AA Rating to Shelf Reg. of Sekisui House

JCR Affirmed AA-/Stable and J-1+ Rating on Nippon Steel Engineering

Oct. 28, 2011

JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL11-10

JCR Assigned J-1 to Aso Shoji Bills Receivable ABL11-10

JCR Affirmed AAA/AAA (FC/LC) ratings on Japan

JCR Affirmed BBB/Stable Rating on Senior Debts of Sogo Medical

JCR Affirmed BBB+/Stable Rating on Senior Debts of Ain Pharmaciez

JCR Placed Ratings on Daio Paper under Credit Monitor #BBB/Negative

JCR Affirmed A-/Stable and J-1 Rating on Kobelco Construction Machinery

JCR Affirmed BBB+/Stable Rating on Senior Debts of Warabeya Nichiyo

Oct. 27, 2011

JCR Assigned J-1+ to Bills Receivable Beneficial Interest 11-10 (A Corp.)

JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL11-10

JCR Affirmed J-2 Rating on CP of Sojitz Corporation

JCR Assigned AA+ Rating to Bonds of Japan Student Services

JCR Affirmed BBB+/Stable, Preliminary BBB+ and J-2 on Nankai Electric Railway

Oct. 26, 2011

JCR Upgraded Rating on Nissan Financial Services from A to A+/Stable

JCR Assigned AA- Rating to Sub.Bonds of Mitsubishi UFJ Trust & Banking

JCR Affirmed BBB Rating on Tsukuba Bank; Revised Outlook to Stable

JCR Assigned BBB+ Rating to Subordinated Bonds of Shikoku Bank

JCR Affirmed A-/Stable Rating on Taiho Kogyo

JCR Upgraded Rating on Nissan Motor from A to A+/Stable

JCR Affirmed A-/A+ ratings on Mexico

JCR Placed Ratings on PGM HLD under Credit Monitor #BBB+/Developing

Oct. 25, 2011

JCR Affirmed A+/Stable Rating on Fukokushinrai Life Insurance

JCR Assigned J-1+ to MSNW Trust Certificate Series 11100

JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL11-10

JCR Assigned AAA/Stable & Pre. AAA to Sr.debts and Shelf of Central Japan Railway; Withdrawn AAAp

JCR Assigned A+ Rating to Sub.Bonds of Mizuho Corporate Bank

JCR Affirmed A+/AA- Ratings on Daejeon City
JCR Assigned A+ Preliminary Rating to Bonds to be issued by Daejeon Riverside Expressway Funding

JCR Upgraded Rating on Sr. debts of Belluna from BBB to BBB+/Stable

JCR Assigned A Rating to Bonds of Sankei Building

JCR Affirmed A+p/Stable Rating on Fukoku Mutual Life Insurance

Oct. 24, 2011

October 24, 2011JCR Assigned J-1 to Dispensing Fees ABL11-10 (Nanba Pharmacy)

JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL11-10

JCR Affirmed BBBp/Stable Rating on Senior Debts of Nippon Denwa Shisetsu

JCR Assigned Preliminary A+ Rating to Shelf of Mitsui Chemicals

Oct. 21, 2011

JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL11-10

JCR Affirmed AA- on the Commitment Line under a Project Finance

JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL11-10

JCR Assigned J-1 to Medical Fees Receivable ABL11-10 (G Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-10 (Asahikawa Sanai HP)

JCR Assigned J-1 to Medical Fees Receivable ABL11-10 (M Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-10 (C Hospital)

JCR Assigned A+ Rating to Bonds of THK

JCR Assigns A Ratings to JPY Bonds of America Movil

JCR Upgraded Rating on Ube Industries to A-/Stable, Preliminary A- and J-1

JCR Assigned A+ Rating to Bonds of Sumitomo Chemical

JCR Assigned A Rating to Bonds of Don Quijote

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Assigned AAA Rating to Bonds of JFC

JCR Affirmed A/Stable, Preliminary A and J-1 on Denki Kagaku Kogyo

JCR Withdraws A/Stable Rating on Allianz Life Insurance Japan

JCR Assigned Preliminary A Rating to Shelf Registration of Nomura Real Estate Holdings

Oct. 20, 2011

October 20, 2011JCR Assigned J-1 to Medical Fees Receivable ABL11-10 (H Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL Program (Seiwakai, Ishii Hospital)

JCR Affirmed A+/Stable and A+ Rating on Konica Minolta HLD

JCR Affirmed AA/Stable and Preliminary AA on Asahi Kasei Corp.

JCR Assigned BBB+ Rating to Bonds of Tokyo Tomin Bank

Oct. 19, 2011

JCR Affirmed A- Rating on Bonds of Sumitomo Life Fund Securitization SPC II

JCR Assigned J-1 to Medical Fees Receivable ABL11-10 (F Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-10 (L Hospital)

JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 11100

JCR Affirmed AA- on Specified Bonds of Nissay 2008 Fund SPC

JCR Assigned J-1 to Medical Fees Receivable ABL11-10 (I Hospital)

JCR Affirmed AA- on Specified Bonds of Nissay 2009 Fund SPC

JCR Affirmed A on Specified Bonds of Meiji Yasuda Life 2011 Fund SPC

JCR Affirmed A- Rating on Bonds of Sumitomo Life Fund Securitization SPC IV

JCR Affirmed A- Rating on Bonds of Sumitomo Life Fund Securitization SPC III

JCR Affirmed AA- Rating on Specified Bonds of Nissay 2011 Fund SPC

JCR Affirmed AA- on Specified Bonds of Nissay 2010 Fund SPC

JCR Affirmed A/Stable Rating on Senior debts of Aomori Bank

JCR Affirmed A-/Stable and BBB+ Rating on Michinoku Bank

JCR Affirmed AAA/Stable, AAA and Pre. AAA on Japan Finance Corporation

JCR Assigned BBB+ Rating to Bonds of Penta-Ocean Construction

JCR Affirmed J-2 Rating on CP of Japan Radio

JCR Assigned BBB/Stable Rating to Senior debts of Ferrotec

JCR Affirmed BBB/Stable Rating on Senior Debts of Soken Chemical & Engineering

Oct. 18, 2011

JCR Assigned A to NIHONWASOU CREDIT Installment Sec. 201110

JCR Affirmed A on NIHONWASOU CREDIT Installment Sec. 201010

JCR Assigned J-1 to Dispensing Fees Receivable ABL11-10 (sun-kur)

JCR Assigned J-1 to Kurashiki Medical Center Beneficial Interest 11-10

JCR Assigned J-1 to Medical Fees Receivable ABL11-10 (E Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-10 (Kyowakai)

JCR Affirmed A+/Stable and J-1+ Rating on Meiji Yasuda Life Insurance

JCR Affirmed A+/Stable and J-1+ Rating on Dai-ichi Life Insurance

JCR Affirmed AAp/Stable and J-1+ Rating on Nippon Life Insurance

JCR Assigned A- Rating to Bonds of Senko

JCR Affirmed A/Stable Rating on Sumitomo Life Insurance

JCR Affirmed AA/Stable Rating on Senior debts of 77 Bank

JCR Removed Credit Monitor; Downgraded Rating on Sendai Bank to BBB-

JCR Affirmed A-/Stable, BBB+ & Pre. A- Rating on Kita-Nippon Bank

JCR Downgraded Rating on Tohoku Bank from BBB+ to BBB with Stable Outlook

JCR Removed CM; Affirmed BBB- & BB+ Rating on Kirayaka Bank