News Release

Mar. 28, 2011

Affirmed BBB+/Stable on senior debts of Japan Medical Alliance

Affirms AA+ Ratings on Hong Kong; Outlook Stable

Mar. 25, 2011

Assigned J-1 to Kimura Bills Receivable ABL11-03

Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL11-03

Assigned J-1 rating to Aso Shoji Bills Receivable ABL11-03

Assigned J-1+ to MSNW Trust Certificate Series 11030

Affirmed BBB+/Stable rating on senior debts of Chuo Warehouse

Affirmed A-/Negative, A-, pre. A- and J-1 on Promise

Affirmed BBB+/Stable rating on senior debts of Yasuda Warehouse

Mar. 24, 2011

Assigned J-1+ to Chudai Jitugyo Bills Receivable ABL11-03

Assigned pre.J-1 to Hyakugo Bank B Corporation Bills Receivable ABL11-03

Assigned preliminary BBB rating to shelf reg. of Nihon Chouzai

Affirmed BBB/Stable and J-2 on Daiei Real Estate & Development

Assigned pre. AAA to shelf reg. of Japan Finance Corporation

Affirmed A-/Stable and J-1 on Parco

Mar. 23, 2011

Assigned J-1 to dispensing fees ABL11-03 (Nanba Pharmacy)

Assigned J-1 to Medical Fees Receivable ABL11-03 (M Hospital)

Assigned J-1 to Medical Fees Receivable ABL11-03 (C Hospital)

Assigned J-1 to Medical Fees Receivable ABL11-03 (J Hospital)

Affirmed A/Stable and J-1 on Mitsumi Electric

Affirmed A-/Stable, BBB, J-1 on Mori Building; Assigned pre. A-

Affirmed A-/Stable on sr. debts of Hiroshimashi Credit Cooperative.

Mar. 22, 2011

Assigned J-3 to Monthly Clear Card Shopping Receivable ABL11-03

Assigned J-1 to Medical Fees Receivable ABL11-03 (Asahikawa Sanai Hospital)

Assigned J-3 to Narasaki Stax Accounts Receivable ABL11-03

Withdraws BBB-/Stable rating on sr.debts of Nippon Yakin

Revised ratings on Yorozu from BBB to BBB+

Affirmed A/Stable, A, preliminary A and J-1 on Takata Corporation.

Assigned preliminary BBB+ rating to shelf reg. of Kintetsu Corporation

Placed ratings on Tokyo Electric Power Company under Credit Monitor #AAA/Negative

Affirmed A/Stable rating on senior debts of Air Water

Mar. 19, 2011

Assigned J-1 to Medical Fees Receivable ABL11-03 (F Hospital)

Mar. 18, 2011

Assigned J-1 to Kurashiki Medical Center Beneficial Interest. 11-03

Assigned preliminary J-1+ to MSNW Trust Certificate Series 11030

Assigned pre. J-1 rating to Aso Shoji Bills Receivable ABL11-03

Assigned J-1 to Medical Fees Receivable ABL11-03 (F Hospital)

Assigned J-1 to Medical Fees Receivable ABL11-03 (G Hospital)

Assigned J-1 to Medical Fees Receivable ABL11-03 (H Hospital)

Assigned J-1 to Medical Fees Receivable ABL11-03 (I Hospital)

Assigned J-1 to Medical Fees Receivable ABL11-03 (I Hospital)

Affirmed A/Stable and A- on Ogaki Kyoritsu Bank

Assigned AAA rating to bonds of Aichi Prefecture

Affirmed A/Stable and A- on Nanto Bank

Affirmed A+/Stable on senior debts of Yamagata Bank

Mar. 17, 2011

Assigned J-1 to Medical Fees Receivable ABL11-03 (Kyowakai)

Mar. 16, 2011

Assigned J-1 to Medical Fees Receivable ABL11-03 (K Hospital)

Assigned J-1 to Medical Fees Receivable ABL11-03 (E Hospital)

Assigned J-1 to Dispensing Fees Receivable ABL11-03 (sun-kur)

Affirmed A-/Stable and A- on Temp Holdings

Assigned A- rating to sub. bonds of Nishi-Nippon City Bank

Affirmed A+/Stable and A on Musashino Bank

Affirmed AAA/Stable rating on senior debts of Kyushu University

Mar. 15, 2011

Assigned pre. J-1+ to A&D Bills Receivable Beneficial Interest 11-03

Assigned J-1+ to Takeda General Hospital Beneficial Interest 11-03

Assigned preliminary J-1 to CATERPILLAR Kyushu Bills ABL11-03

Affirmed J-1 rating on CP of Mitsui Chemicals Tohcello

Affirmed BBB, BBB- on Saga Kyoei Bank; Revised outlook to Stable

Affirmed BBB/Stable rating on Sanyo Electric Railway

Mar. 14, 2011

Assigned Pre. J-1 to Kurashiki Medical Center Beneficial Interest 11-03

Mar. 11, 2011

Assigned J-1 to Medical Fees Receivable ABL11-03 (B Hospital)

Assigned A rating to bonds of Sanwa Holdings

Placed ratings on Tomy under Credit Monitor #BBB/Negative

Assigned A rating to bonds of Hankyu Hanshin Holdings

Mar. 10, 2011

Assigned AA- rating to bonds of Mitsui Fudosan

Assigned A- rating to subordinated bonds of Bank of The Ryukyus

JCR Assigned AA- rating to bonds of Nomura Europe Finance

Assigned J-2 rating to CP program of Rakuten KC

Assigned pre. BBB+ to shelf reg. of Mitsui Engineering & Shipbuilding

Mar. 09, 2011

Assigned preliminary A- rating to shelf reg. of Kawasaki Kisen

Affirmed BBB+/Stable and J-2 rating on Toho Zinc

Mar. 08, 2011

Assigned J-1 to Medical Fees Receivable ABL11-03 (D Hospital)

Affirms A Ratings on France Telecom; Outlook Stable

Affirmed A-/Stable rating on sr.debts of Ryoden Trading

Assigned #BB+/Positive rating to sub. bonds of Kirayaka Bank

JCR Affirmed A-/Stable on Toyobo
JCR Affirmed BBB on TC Preferred Capital

Mar. 07, 2011

Affirmed A+ and J-1 on AEON Credit; Revised outlook to Stable

Affirmed A+/Stable rating on senior debts of Sumitomo Warehouse

Affirmed A, J-1 rating on Aeon Kyushu; Revised outlook to Stable

Affirmed A/Stable and A on Konami

Affirmed A-/Negative rating on AEON Thana Sinsap (Thailand)

Affirms A-/A (FC/LC) Ratings on Poland with stable outlook

Mar. 04, 2011

Assigned A- rating to bonds of Nipro

Affirmed BBB/Stable rating on senior debts of Tokyo Derica

Assigned A rating to bonds of Don Quijote

Assigned A- rating to bonds of Okamura Corporation

Affirmed A/Stable rating on Hamamatsu Photonics

Mar. 03, 2011

Affirmed BBB+ rating on Nagano Bank; Revised outlook to Stable

Affirmed A-/Stable and J-1 on Tsubakimoto Chain

Affirmed J-2 on CP of Mitsubishi Electric Credit

Affirmed BBB/Negative and BBB on Covalent Materials

Affirmed BBB/Stable rating on Tokushu Tokai Paper

Mar. 02, 2011

Assigned BBB+ rating to bonds of Akebono Brake Industry

Affirmed BBB/Stable rating on senior debts of Nichias

Assigned A rating to bonds of Fuyo General Lease

Mar. 01, 2011

Affirmed A-/Stable rating on Chikuho Bank

Affirmed A/Stable, A and Preliminary A on Sankei Building

Feb. 28, 2011

Assigned J-1+ to Bills Receivable ABL11-02 (A Corporation in Niigata)

Assigned J-1+ to Teral Bills Receivable ABL11-02

Assigned J-1 to Molten Bills Receivable ABL11-02

Assigned J-1 to Nohara Bills Receivable ABL11-02