News Release

Nov. 01, 2010

Affirmed A+/Stable and J-1 on Keihin Electric Express Railway

Affirmed A-/Stable, A- on Keisei Electric Railway

Affirmed AA/Stable, AA and J-1+ on Keio Corporation

Oct. 29, 2010

Assigned J-1 to Molten Bills Receivable ABL10-10

Assigned J-1 to Nohara Bills Receivable ABL10-10

Assigned J-1+ to Teral Bills Receivable ABL10-10

Assigned J-1 to Hayakawa Rubber Bills Receivable ABL10-10

Affirmed BBB/Stable rating on senior debts of Toyo Logistics

Affirmed J-1 on CP of NBL

Affirmed A/Stable and A on Nifco

Assigned preliminary A rating to shelf reg. of Miyazaki Bank

Affirmed AA+/Stable, preliminary AA+ and J-1+ on NTT Data

Assigned A- rating to bonds of AvanStrate Inc.

Oct. 28, 2010

Assigned J-1 rating to Aso Shoji Bills Receivable ABL10-10

Affirmed BBB and J-2 on Showa Leasing; Revised outlook to Stable

Affirmed BBB-/Stable on senior debts of Kyoritsu Maintenance

Oct. 27, 2010

Assigned J-1+ to A&D Bills Receivable Senior Beneficial Interest 10-10

Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL10-10

Affirmed J-2 rating on CP of Kokusai Pulp & Paper

Oct. 26, 2010

Assigned Preliminary J-1+ to Teral Bills Receivable ABL10-10

Assigned J-1 to Medical Fees Receivable ABL10-10 (J Hospital)

Assigned AA+ rating to bonds of Japan Student Services

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

Assigned A rating to bonds of Orix Corporation

Affirmed A-/Stable rating on senior debts of Nippon Thompson

JCR Placed ratings on Kirayaka Bank under Credit Monitor
JCR Placed ratings on Sendai Bank under Credit Monitor

Oct. 25, 2010

Assigned J-1+ to MSNW Trust Certificate Series 10100

Affirmed BBB and BBB- on Bank of Kochi; Outlook Stable

Affirmed BBB+p/Stable on senior debts of Nishimatsu Construction

Oct. 22, 2010

Assigned Pre.J-1 to Hyakugo Bank B Co.Bills Receivable ABL10-10

Assigned Pre. J-1 to Hayakawa Rubber Bills Receivable ABL10-10

Assigned preliminary J-1 to Nohara Bills Receivable ABL10-09

Assigned AA- rating to sub. bonds of Mitsubishi UFJ Trust & Banking

Affirmed A-/Stable and J-1 on JA Mitsui Leasing

Assigned A- rating to bonds of Nagoya Railroad

Assigned AAA rating to bonds of Japan Finance Corporation

Assigns A+ Preliminary Rating to Hana Bank’s Samurai Bonds

Affirms BBB/BBB+ ratings of the Republic of Bulgaria and revised outlook to stable

Oct. 21, 2010

Assigned preliminary J-1 to Molten Bills Receivable ABL10-10

Assigned J-3 to Monthly Clear Card Shopping Receivable ABL10-10

Assigned J-1 to Medical Fees Receivable ABL10-10 (Asahikawa Sanai HP)

Assigned J-1 to Medical Fees Receivable ABL10-10 (C Hospital)

Assigned J-1 to dispensing fees ABL10-10 (Nanba Pharmacy)

Assigned J-1 to Medical Fees Receivable ABL10-10 (G Hospital)

Assigned J-3 to Narasaki Stax Accounts Receivable ABL10-10

Assigns AA- Ratings to Corporacion Andina de Fomento's Yen Bonds

Affirmed J-1 rating on CP of Pocket Card

Affirmed AA+/Stable rating on senior debts of Shoko Chukin Bank

Affirmed AA-/Stable and A+ on Awa Bank

Assigned A- rating to bonds of Tokyu Land

Oct. 20, 2010

Assigned J-1 to Medical Fees Receivable ABL10-10 (I Hospital)

Assigned A to Nihonwasou Credit Installment Securitization 201010

JCR Affirmed A-/Negative and BBB+ rating on Tokyo Tomin Bank
JCR Affirmed BBB+ and BBB rating on Tokyo Tomin Finance (Cayman)

Affirms BBB+ ratings (FC/LC) on India; Outlook Stable

Affirmed AA/Stable and preliminary AA on Asahi Kasei Corp.

Assigned BBB rating to bonds of Sojitz Corporation

Affirmed AA-/Stable, preliminary AA- and J-1+ on Toyota Tsusho

Affirmed BBB+ and J-2 on Ube Industries; Outlook Positive

Assigned A- rating to subordinated bonds of Fukui Bank

Affirmed J-2 rating on CP of Toho

Oct. 19, 2010

Assigned J-1 to Kurashiki Medical Center Beneficial Int. 10-10

Assigned preliminary J-1+ to MSNW Trust Certificate Series 10100

Assigned pre.J-1 rating to Aso Shoji Bills Receivable ABL10-10

Assigned J-1 to Medical Fees Receivable ABL10-10 (F Hospital)

Assigned J-1 to Medical Fees Receivable ABL10-10 (L Hospital)

Assigned J-1 to Medical Fees Receivable ABL10-10 (H Hospital)

Affirms AA+ Ratings on GDF SUEZ; Outlook Stable

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

Affirmed J-2 on CP of Marudai Food

Affirmed BBB/Stable rating on Starzen

Assigned A- rating to bonds of Mori Building

Oct. 18, 2010

Assigned J-1 to Medical Fees Receivable ABL10-10 (E Hospital)

Assigned J-1 to Medical Fees Receivable ABL10-10 (Kyowakai)

Assigned J-1 to Dispensing Fees Receivable ABL10-10 (sun-kur Corporation)

Affirmed A/Stable, A and J-1 on BOT Lease

Revised ratings to A- from BBB+ and J-1 from J-2 on Toho HLD

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

Revised rating on Tokyo Electron from AA- to AA; Outlook Stable

Oct. 15, 2010

JCR Affirmed A+/Stable ratings on Fukokushinrai Life Insurance

Assigned J-1 to Medical Fees Receivable ABL10-10 (K Hospital)

Takeda Sogo Hospital medical treatment fees receivable senior beneficial interest 10-10

Affirmed BB/Negative ratings on Asahi Mutual Life Insurance

Assigned preliminary BBB+ to shelf reg. of Nippon Sheet Glass

Assigned A+ rating to bonds of Mitsui Chemicals

Affirmed BBB/Stable ratings on Mitsui Life Insurance

Affirmed A- rating on Taiho Kogyo; Revised outlook to Stable

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

Affirmed A/Stable ratings on T&D Financial Life

Affirmed AA-/Stable ratings on Daido Life Insurance

Affirmed A+/Stable ratings on Taiyo Life Insurance

Assigned AAA rating to bonds of Aichi Prefecture

Assigned AA- rating to bonds of Saibu Gas

Oct. 14, 2010

Assigned pre.J-1 to Kurashiki Medical Center Beneficial Interest 10-10

Assigns preliminary AA- Rating to Corporacion Andina de Fomento's Yen Bonds

Assigned A+ rating to bonds of THK

Assigned AA- rating to bonds of Mizuho Corporate Bank

Assigned AA rating to bonds of Kansai International Airport

Oct. 13, 2010

Assigned pre. J-1+ to A&D Bills Receivable Beneficial Int. 10-10

Assigned J-1 to Medical Fees Receivable ABL10-10 (B Hospital)

Assigned preliminary A rating to shelf reg. of Sankei Building