News Release

Aug. 31, 2011

JCR Assigned AAA and Affirmed AAA/AA+ Ratings of AfDB

JCR Withdraws AA/Stable, AA and J-1+ Rating on Sanyo Electric

Aug. 30, 2011

JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL11-08

JCR Assigned J-1 Rating to Aso Shoji Bills Receivable ABL11-08

JCR Assigned AA- Rating to Bonds of Nippon Yusen Kabushiki Kaisha

JCR Assigned A Rating to Bonds of Hokkaido Gas

JCR Assigned A- Rating to Bonds of Sumitomo Osaka Cement

JCR Assigned AA- Rating to Bonds of Mitsui Fudosan

JCR Assigned AA rating to bonds of JFE Holdings

JCR Assigned BBB Rating to Bonds of Sojitz Corporation

JCR Affirmed AAA/Stable, AAA and J-1+ on Okinawa Electric Power Company

JCR Assigned BBB Rating to Subordinated Bonds of Nagano Bank

Aug. 29, 2011

JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL11-08

JCR Assigned J-1+ to Bills Receivable Beneficial Interest 11-08 (A Corp.)

JCR Affirmed A/Stable, A and J-1 Rating on Hankyu Hanshin Holdings

JCR Affirmed A/Stable and A Rating on Hanshin Electric Railway

JCR Assigned BBB+ Rating to Preferred Sec. of SFJ Capital

JCR Affirmed BBB+/Stable, BBB+ and J-2 on Akebono Brake Industry

JCR Assigned Preliminary A+ Rating to Shelf Reg. of Mizuho Trust & Banking

Aug. 26, 2011

JCR Assigned A+/Stable and Preliminary A+ to Senior Debts and Shelf Registration of NSK

JCR Assigned A Rating to Bonds of Nichirei

JCR Assigned A Rating to Bonds of Sumitomo Realty & Development

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

JCR Affirmed A/Stable Rating on Senior Debts of Ezaki Glico

JCR Affirmed BBB+ Rating on Arisawa Mfg.; Revised Outlook to Negative

Aug. 25, 2011

JCR Assigned J-1+ to MSNW Trust Certificate Series 11080

JCR Assigned A+ Rating to Bonds of Sumitomo Metal Mining

JCR Affirmed A-/Stable and A- on Senko

JCR Affirmed AAAp/Stable Rating on Senior Debts of East Japan Railway

JCR Affirmed AA+p/Stable Rating on Senior Debts of West Japan Railway

JCR Affirmed AAAp/Stable Rating on Senior Debts of Central Japan Railway

JCR Affirmed AAA Rating on Tokio Marine Financial Solutions; Revised Outlook to Stable

JCR Affirmed BBB+/Stable and J-2 on Kansai Urban Banking

JCR Affirmed AAA/Negative and J-1+ on Mitsui Sumitomo Insurance
JCR Affirmed AA+/Negative and J-1+ on Aioi Nissay Dowa Insurance

JCR Affirmed AA+/Negative and J-1+ on Sompo Japan Insurance
JCR Affirmed AAp/Negative on Nipponkoa Insurance
JCR Affirmed A+/Negative on Saison Automobile & Fire Insurance

JCR Assigned Preliminary AA Rating to Shelf Registration of Sumitomo Electric Industries

JCR Affirmed AAA on Tokio Marine HLD; Revised Outlook from Negative to Stable
JCR Affirmed AAA and J-1+ on Tokio Marine & Nichido Fire; Revised Outlook from Negative to Stable

Aug. 24, 2011

JCR Assigned J-1 to Dispensing Fees ABL11-08 (Nanba Pharmacy)

JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL11-08

JCR Affirmed BBB-/Stable Rating on Senior Debts of Airtech

JCR Affirmed A and J-1 Rating on Heiwado; Revised Outlook to Stable

JCR affirms BBB-/BBB ratings on Indonesia

JCR Affirmed BBB/Stable Rating on Senior Debts of Daiken Corporation

JCR Affirmed A+/Stable Rating on Senior Debts of Exedy

JCR Affirmed BBB+/Stable, Pre. BBB+ and J-2 Rating on Toyo Tire & Rubber

Aug. 23, 2011

JCR Assigned J-1 to Medical Fees Receivable ABL11-08 (M Hospital)

JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL11-08

JCR Assigned Pre. A Rating to Specified Bonds/Loans of Totate Higashi Hakushima Tokutei Mokuteki Kaisha

JCR Assigned J-1 to Medical Fees Receivable ABL11-08 (J Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-08 (C Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-08 (Asahikawa Sanai HP)

JCR Affirmed A+ ratings on Kookmin Bank

JCR Affirmed A/Stable, A- and Pre. A Rating on Nishi-Nippon City Bank

JCR Affirmed AA/Stable and AA rating on Sekisui House

JCR Affirmed A/Stable and J-1 on Nichirei; Assigned Pre. A Rating to Shelf Registration

JCR Assigned A Rating to Senior debts of Juroku Bank

JCR Affirmed BBB-/Stable Rating on Sr. debts of Kanamoto

Aug. 22, 2011

JCR Assigned J-1 to Medical Fees Receivable ABL11-08 (H Hospital)

JCR Assigned Preliminary AA- Rating to Shelf Reg. of ITOCHU

Aug. 19, 2011

JCR Assigned J-1 to Medical Fees Receivable ABL11-08 (G Hospital)

JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL11-08

JCR Assigned J-1 to Medical Fees Receivable ABL11-08 (F Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-08 (L Hospital)

JCR Assigned AA rating to Bonds of MUSI

Aug. 18, 2011

JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 11080

JCR Assigned J-1 to Medical Fees Receivable ABL11-08 (Kyowakai)

JCR Assigned J-1 to Medical Fees Receivable ABL11-08 (I Hospital)

JCR Assigned S2- Special Servicer Rating to Theatres Servicer

Aug. 17, 2011

JCR Assigned J-1 to Medical Fees Receivable ABL11-08 (E Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-08 (K Hospital)

JCR Assigned J-1 to Kurashiki Medical Center Beneficial Interest 11-08

JCR Assigned J-1 to Dispensing Fees Receivable ABL11-08 (sun-kur)

Aug. 15, 2011

JCR Assigned J-1+ to Takeda General Hospital Beneficial

JCR Assigned Pre. J-1+ to Bills Receivable Beneficial Interest 11-08 (A Corp.)

JCR Affirmed A+/Negative, Preliminary A+ and J-1 Rating on Showa Shell Sekiyu

JCR Affirmed AA-/Stable and AA- Rating on Kuraray

JCR Affirmed A Rating on SHC

JCR Affirmed A+ Rating on SHB

JCR Affirmed BBB+ rating on Shinhan Bank Japan.

Aug. 12, 2011

JCR Assigned Pre. J-1 to Kurashiki Medical Center Beneficial Interest 11-08

Aug. 10, 2011

JCR Assigned J-1 Rating to Medical Fees Receivable ABL11-08 (B Hospital)

JCR Affirmed A+/Stable and J-1+ Rating on JSF Trust and Banking

JCR Affirmed AA-/Stable and J-1+ Rating on Japan Securities Finance

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

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Placed Ratings on Covalent Materials under Credit Monitor Developing

JCR Withdraws A-/Stable Rating on Senior debts of TCM Corporation

Aug. 09, 2011

JCR Assigned A- Rating to Specified Bonds of Sumitomo Life Fund Securitization SPC IV

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

Aug. 08, 2011

JCR Assigned J-1 Rating to Medical Fees Receivable ABL11-08 (D Hospital)

JCR Affirmed BBB/Stable Rating on Senior debts of Tamura Corporation

JCR Affirmed A/Stable Rating on Senior debts of Nissan Chemical Industries

Affirmed A- and J-1 on Tokyu Land; Revised outlook to Stable

Aug. 05, 2011

JCR Assigned A to Specified Bonds of Meiji Yasuda Life 2011 Fund SPC

JCR Assigned AA- Rating to Specified Bonds of Nissay 2011 Fund SPC

JCR Affirmed A+ on EMTN of Marubeni
JCR Affirmed A+ on EMTN of Marubeni Europe
JCR Affirmed A+ on EMTN of Marubeni Finance Holland

JCR Affirmed A- Rating on Tosoh; Revised Outlook to Stable

JCR Affirmed A-/Stable Rating on Senior debts of Kato Sangyo

JCR Affirmed BBB+/Stable, Pre. BBB+ and J-2 on Mazda Motor

JCR Affirmed A+/Stable, A+ and J-1 on Shimadzu Corporation