News Release

Oct. 13, 2010

Revised rating outlook on Belluna from Negative to Stable

Oct. 12, 2010

Assigned pre.A to NIHONWASOU CREDIT Installment Securitization 201010

Affirmed A+ and J-1 rating on JTEKT; Revised outlook to Stable

Affirmed BBB/Stable rating on senior debts of Sogo Medical

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

Oct. 08, 2010

Assigned preliminary A rating to shelf reg. of Sumitomo Heavy Industries

Assigned AAA rating to bonds of Kansai Electric Power

Assigned AAA rating to bonds of Chugoku Electric Power

Assigned A rating to bonds of Marubeni Corporation

Assigned preliminary AA- rating to shelf reg. of Asahi Breweries

Affirmed A-/Stable and J-1 rating on Jaccs

Assigned AA rating to bonds of The Bank of Tokyo-Mitsubishi UFJ

Assigned AA+ rating to bonds of NTT Finance Corporation

Assigned BBB rating to bonds of Elpida Memory

Assigned AAA rating to bonds of Development Bank of Japan

Assigned AA- rating to bonds of Sumitomo Mitsui Banking Corporation

Oct. 07, 2010

Affirmed A- on bonds of Sumitomo Life Fund Securitization SPC II

Affirmed AA- on specified bonds of Nissay 2008 Fund SPC

Affirmed A- on bonds of Sumitomo Life Fund Securitization SPC

Affirmed A- on bond of Sumitomo Life Fund Securitization SPC III

Affirmed AA- on specified bonds of Nissay 2009 Fund SPC

Affirmed AA- on specified bonds of Nissay 2010 Fund SPC

Affirmed BBB/Stable rating on Yahagi Construction

Affirmed BBB and J-2 on Penta-Ocean Construction.; Outlook Positive

Affirmed A+/Stable rating on senior debts of Yamaha Corporation

Assigned BBB+ rating to bonds of Kintetsu Corporation

Affirmed BBB-/Stable on senior debts of Gyokushoukai

Oct. 06, 2010

Assigned preliminary A- rating to bonds of AvanStrate Inc.

Affirmed BBB+/Stable rating on Tohoku Bank

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

Affirmed A/Stable on Sumitomo Life Insurance

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

Oct. 05, 2010

Assigned preliminary A rating to shelf of Fukui Bank

Affirmed A-/Stable and J-1 rating on Kobelco Construction

Affirmed BBB/Stable on Soken Chemical & Engineering

Affirmed BBB+/Stable rating on senior debts of Warabeya Nichiyo

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

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

JCR's Rating Review of Blast Furnace Steel Manufacturers

Assigned AAA rating to bonds of Aichi Prefecture

Oct. 04, 2010

Assigned preliminary AAA; Affirmed AAA/Stable and J-1+ on Japan Finance Corporation

Affirmed A/Stable and J-1 on Fuyo General Lease

Assigned A/Stable rating to Sharp Finance; Affirmed J-1 on CP

Placed ratings on AIG Edison Life Insurance under Credit Monitor #A+/Developing

Oct. 01, 2010

Withdraws A+/Stable rating on sr.debts of Kaneka

Revised rating on CSK Corporation from BB/Stable to BB+

Affirmed BBB+/Stable rating on senior debts of Daiichi Jitsugyo

Withdraws #A-/Positive rating on Daimei Telecom Engineering Corp.

Assigned A-/Stable rating to senior debts of MIRAIT Holdings

Withdraws #A-/Positive rating on Commuture Corp.

Affirmed AA- on EMTN of Sumitomo Mitsui Finance and Leasing

Affirmed BBBp/Stable rating on Nippon Denwa Shisetsu

JCR Affirmed A+/Stable on Nippon Paper Industries
JCR Affirmed A+/Stable on Nippon Paper Group

Affirmed A/Stable on senior debts of Noritake

Affirmed BBB/Stable rating on Sendai Bank

Affirmed A+p/Stable rating on Oji Paper

Assigned AA+/Stable rating to Aioi Nissay Dowa Insurance

Withdraws #BBB/Negative on sr.debts of Unimat Life Corporation

Sep. 30, 2010

Assigned J-1 to Nohara Bills Receivable ABL10-09

Assigned J-1+ to Teral Bills Receivable ABL10-09

Assigned J-1 to Molten Bills Receivable ABL10-09

Assigned J-1 to Hayakawa Rubber Bills Receivable ABL10-09

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

Withdraws #A+/Negative rating on sr.debts of First Credit Corporation

Upgraded rating on Southern Tohoku Research Institute for Neuroscience to BBB+

Assigned BBB+/Stable rating to Tottori Bank

Assigned #A+/Negative to Sumishin Real Estate Loan & Finance

Sep. 29, 2010

Assigned J-1 rating to Aso Shoji Bills Receivable ABL10-09

Assigned J-1 to Toyoshima Bills Receivable ABL10-09

Assigned preliminary A- rating to shelf of Shikoku Bank

Assigned AA+p Rating on Banco Bilbao Vizcaya Argentaria SA; Outlook Stable

Affirms AAA Ratings on The International Bank for Reconstruction and Development (IBRD, The World Bank); Outlook Stable

Sep. 28, 2010

Assigned J-1+ to A&D Bills Receivable Beneficial Interest 10-09

Affirmed AA- on the Commitment Line under a Project Finance

Assigned J-1 to Medical Fees Receivable ABL10-09 (2) (D Hospital)

Assigned BBB+/Stable rating to senior debts of Ain Pharmaciez

Affirmed BBB/Negative rating on Fuji

Affirms A+p/AA-p (FC/LC) Ratings on Korea Development Bank; Outlook Stable

Sep. 27, 2010

Assigned J-1 to Kimura Bills Receivable ABL10-09

Assigned AA- rating to ABL of PORT KAI, LLC

Assigned J-1+ to MSNW Trust Certificate Series 10090

Assigned preliminary BBB+ rating to shelf reg. of Daisan Bank

Affirmed BBB/Stable on Chiba Kogyo Bank

Affirms A-/A+ (FC/LC) ratings on The United Mexican States

Affirms AAA/AA+ ratings on The African Development Bank

Affirmed AAp/Stable rating on Japan Earthquake Reinsurance

Affirmed A+/Stable and J-1+ rating on Dai-Ichi Mutual Life Insurance

Sep. 24, 2010

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

Assigned J-1+ to C Corporation Bills Receivable ABL10-09

Assigned J-1+ to Amano Bills Receivable Beneficial Interest10-09

Assigned preliminary J-1 to Aso Shoji Bills Receivable ABL10-09

Affirmed J-2 on CP program of Shoko

JCR Affirmed BBB+ and J-2 on Showa Denko; Outlook Positive
JCR Affirmed BBB- on SD Preferred Capital

Assigned preliminary AA- rating to shelf of Mitsubishi Heavy Industries

Affirmed A-/Negative rating on Tosoh

Assigned preliminary A- rating to bonds of Mori Building

Assigned AA/Stable to senior debts of MORI TRUST Sogo Reit

JCR affirms AA- ratings on Portugal

Sep. 22, 2010

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

Assigned J-3 to Monthly Clear Card Shopping Receivable ABL10-09