News Release

Oct. 11, 2012

JCR Affirmed BBB- Long-term Issuer Rating on Gyokushoukai; Revised Outlook to Positive

JCR Assigned AA- Rating to Bonds of Hitachi Capital

JCR Assigned AA- Rating to Bonds of Global One Real Estate Investment Corporation

JCR Affirmed BBB/Stable Long-term Issuer Rating on Yahagi Construction

JCR Affirmed A+p/Stable Long-term Issuer Rating on Fukoku Mutual Life Insurance
JCR Affirmed A+/Stable Long-term Issuer Rating on Fukokushinrai Life Insurance

Oct. 10, 2012

JCR Assigned AAA Rating to Bonds of DBJ

JCR Affirmed A/Stable Long-term Issuer Rating on IZUMI

JCR Assigned Preliminary A Rating to Shelf Reg. of Sumitomo Heavy Industries

JCR Assigned Preliminary A Rating to Shelf Reg. of TonenGeneral Sekiyu

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

Oct. 09, 2012

JCR Assigned Preliminary AA- Rating to Shelf Registration of Asahi Group Holdings

JCR Affirmed A/Stable and A- on Hyakujushi Bank

JCR Affirmed J-2 Rating on CP of Kokusai Pulp & Paper; Increase in CP Maximum Amount

Oct. 05, 2012

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Warabeya Nichiyo

JCR Assigned AA- Rating to Bonds of ITOCHU

JCR Affirmed A+/Stable Long-term Issuer Rating on Hiroshima Bank

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

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

JCB Assigned A+ Rating to Bonds of Marubeni

JCR Assigned A- Rating to Bonds of IHI Corporation

JCR Affirmed A-/Stable Long-term Issuer Rating and BBB+ Rating on Kita-Nippon Bank

JCR Removed CM; Downgraded Long-term Issuer Rating and Bond Rating on Covalent Materials from #CCC/Negative to LD and D

Oct. 04, 2012

JCR Downgraded Rating on Sharp from #A-[Negative] to #BBB[Negative]; Maintains CM

JCR Affirmed BBB/Negative Long-term Issuer Rating on Mitsui Life Insurance

JCR Affirmed AAA/AAA (FC/LC) Long-term Issuer Ratings on Netherlands

Oct. 03, 2012

JCR Assigned Preliminary AA Rating to Shelf Registration of Tohoku Electric Power

JCR Affirmed AA/Stable, AA- and Pre. AA Rating on Bank of Yokohama

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Maruzen Petrochemical

JCR Affirmed A-/Stable Long-term Issuer Rating on Tosoh

JCR Affirmed AA-/Stable and J-1+ Rating on Mitsubishi UFJ Nicos

JCR Affirmed A/Stable, A and Pre. A Rating on Nifco

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Oct. 02, 2012

JCR Affirmed AAA on ABL of HC Ayasegawa

JCR Affirmed AAA on Beneficial Interest of HC Ayasegawa

JCR Assigned Preliminary A- Rating to Subordinated Bonds of SBI Sumishin Net Bank

JCR Downgraded Rating on Nippon Steel & Sumikin Engineering from AA-/Stable, J-1+ to A+/Stable, J-1

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

Oct. 01, 2012

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

JCR Affirmed A- Rating on Specified Bonds of Sumitomo Life Fund Sec. SPC V

JCR Affirmed A- Rating on Specified Bonds of Sumitomo Life Fund Sec. SPC IV

JCR Affirmed AA- Rating on Specified Bonds of Nissay 2012 Fund SPC

JCR Affirmed A on Specified Bonds of Meiji Yasuda Life 2012 Fund SPC

JCR Affirmed A- Rating on Specified Bonds of Sumitomo Life Fund Sec. SPC III

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

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

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

JCR Affirmed AA-/Stable Long-term Issuer Rating and J-1+ on Nippon Steel & Sumitomo Metal Corporation; Increase in CP Maximum Amount

JCR Upgraded Rating on JFE Shoji Trade from A+/Positive and J-1 to AA-/Stable and J-1+

JCR Assigned BBB-/Stable Long-term Issuer Rating to Jimoto Holdings
JCR Affirmed BBB-/Stable Long-term Issuer Rating on Kirayaka Bank
JCR Affirmed BBB-/Stable Long-term Issuer Rating on Sendai Bank

JCR Affirmed A+p/Stable Long-term Issuer Rating on Oji Holdings

JCR Assigned BBB/Stable Long-term Issuer Rating to Nippon Light Metal Holdings

JCR Affirmed BBB/Stable Long-term Issuer Rating on Nippon Light Metal

JCR Affirmed BBB/Stable Long-term Issuer Rating on Starzen

JCR Affirmed AA- Rating on EMTN of Sumitomo Mitsui Finance & Leasing

JCR Upgraded Rating on Gecoss from BBB+/Stable and J-2 to A-/Stable and J-1

JCR Assigned Preliminary A Rating to Shelf Registration of Fuyo General Lease

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Harima Chemicals Group

JCR Removed CM; Upgraded Rating on Nippon Steel Kowa Real Estate from #BBB+[Positive] to A-/Stable Outlook

Sep. 28, 2012

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL12-09

[ Asset Securitization Products ]JCR Assigned AAA, BBB & A Rating to MMJ Mortgage Trust II Senior, Mezzanine, Servicer Beneficial Interest, and ABL

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL12-09

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL12-09

[ Asset Securitization Products ]JCR Assigned J-1+ to Amano Bills Receivable Beneficial Interest 12-09

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL12-09

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL12-09

JCR Assigned A/Stable Long-term Issuer Rating to SKY Perfect JSAT

JCR Affirmed AA-p Rating on Deutsche Bank

JCR Downgraded Rating on Kobelco Construction Machinery from A-/Stable and J-1 to BBB+/Stable and J-2

JCR Assigned A/Stable Long-term Issuer Rating to SBI Sumishin Net Bank

JCR Affirmed A- Rating on Tokyo Tomin Bank; Revised Outlook to Negative; Assigned J-1 Short-term Issuer Rating

JCR Affirmed A/Stable Rating on Sumitomo Life Insurance

JCR Assigned Preliminary A- Rating to Shelf Registration of Shikoku Bank

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

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

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

Sep. 27, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL12-09

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-09

JCR Affirmed A-/Stable, A-, Pre. A- and J-1 Rating on Tokyu Land Corporation

JCR's Rating Review of Blast Furnace Steel Manufacturers

Sep. 26, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-09-2 (D Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Kimura Bills Receivable ABL12-09

JCR Affirmed BBB-/Stable Rating on Kanamoto

Sep. 25, 2012

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 12090

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL12-09

JCR Assigned AA/Stable Long-term Issuer Rating to Iyo Bank

JCR Assigned Preliminary A+ Rating to Subordinated Bonds of Mizuho Bank

Sep. 24, 2012

Series 71

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL12-09

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-09

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

JCR Assigned BBB Rating to Subordinated Bonds of Tokyo Star Bank

JCR Assigned Preliminary AA- Rating to Shelf Registration of Mitsubishi Heavy Industries

Sep. 21, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-09 (G Hospital)

JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL12-09

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-09 (Asahikawa Sanai HP)

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

JCR Removed CM; Affirmed BBB-/Stable, BBB-, and Preliminary BBB- on Daio Paper

Sep. 20, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-09 (C Hospital)

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL12-09

Sep. 19, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-09 (F Hospital)