News Release

Dec. 14, 2010

Affirmed AA-/Stable, AA- and J-1+ on Hitachi Capital

Affirmed BBB-/Stable rating on senior debts of Harima-Kyowa

Affirmed AAA/Stable and AAA on senior debts and bonds of NHK

Affirmed BBB/Stable and BBB on Pacific Industrial

Affirmed A-/Stable rating on senior debts of TCM

Assigned BBB+ rating to bonds of Nankai Electric Railway

Affirmed BBB+/Stable, BBB+ and J-2 on Mitsubishi Materials

Affirmed A- and J-1 on All Nippon Airways; Revised Outlook to Stable

Affirmed BBB+/Stable rating on Jowa Holdings

Dec. 13, 2010

Assigned J-1 to Medical Fees Receivable ABL10-12 (B Hospital)

Assigned pre. J-1+ to A&D Bills Receivable Beneficial Interest 10-12

Affirmed A- rating on Riso Kagaku; Revised outlook to Stable

JCR Affirmed AA-, A+ on EMTN of Mitsubishi UFJ Trust & Banking
JCR Affirmed AA-, A+ on EMTN of MTBC FINANCE (ARUBA)

Dec. 10, 2010

Assigned AAA rating to bonds of Aichi Prefecture

Assigned A+ rating to subordinated bonds of Sumitomo Mitsui Banking

Affirmed BBB+/Stable and J-2 on Matsui Securities

Assigned A rating to bonds of Hokuetsu Kishu Paper

Assigned A+ rating to bonds of JX Holdings

Assigned AA- rating to bonds of Odakyu Electric Railway

Assigned A- and affirmed A- and J-1 on Mitsui Mining & Smelting; Outlook Positive

Assigned BBB rating to bonds of Daio Paper

Dec. 09, 2010

Affirmed A/Stable, preliminary A and J-1 on Cedyna Financial

Assigned A+ rating to bonds of Tokyu Corporation

Affirmed BBB+ and J-2 on Resorttrust; Revised outlook to Stable

Assigned A rating to bonds of Taisei Corporation

JCR Downgraded Rating on Monex Group from BBB+/Negative to BBB/Stable
JCR Downgraded Rating on Monex from BBB+/Negative to BBB/Stable; Affirmed J-2

Dec. 08, 2010

Assigned pre. #A/Positive rating to shelf of Chuo Mitsui Trust and Banking

Assigned BBB+ rating to bonds of Showa Denko

Assigned A rating to bonds of Takata Corporation

Revised rating on SUMCO from A+/Negative to A/Negative

Affirms AA- Ratings on Corporacion Andina de Fomento; Outlook Stable

Dec. 07, 2010

Affirmed BBB+/Stable rating on senior debts of Yachiyo Bank

Assigned A rating to bonds of Marubeni Corporation

Dec. 06, 2010

Assigned preliminary A rating to ABL of PORT SATORI, LLC

Affirmed AA+/Stable and AA+ on Japan Water Agency

Affirmed A- and BBB+ on Higashi-Nippon Bank; Outlook Stable

Affirmed A/Stable and A on Hokuetsu Kishu Paper

Affirmed BBB/Stable and BBB on Daio Paper

Affirmed J-2 rating on CP of Daiko Clearing Services

Dec. 03, 2010

Assigned #A-/Positive to sub. bonds of Chuo Mitsui Trust and Banking

Affirmed A- on Maruzen Showa Unyu; Revised outlook to Stable

Assigned AAA rating to bonds of Aichi Prefecture

Assigned BBB+ rating to bonds of Cosmo Oil

Assigns "A-" Ratings to Renault's Samurai Bond

Assigned BBB+ rating to bonds of Nippon Sheet Glass

Dec. 02, 2010

Affirmed AAA/Stable and AAA on Tokyo Metro

Assigned AAA rating to bonds of Kansai Electric Power

Assigned A+ rating to bonds of Nippon Paper Group

Assigned A rating to bonds of Sumitomo Realty & Development

Assigned AAA rating to bonds of Kyushu Electric Power Company

Assigned AAA rating to bonds of Electric Power Development

Assigned AAA rating to bonds of Chugoku Electric Power

Dec. 01, 2010

JCR Affirmed A-/Stable on senior debts of IT Holdings
JCR Affirmed A-/Stable on senior debts of TIS
JCR Affirmed A-/Stable on senior debts of INTEC

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

Nov. 30, 2010

Assigned J-1 to Nohara Bills Receivable ABL10-11

Assigned J-1+ to Teral Bills Receivable ABL10-11

Assigned J-1 to Molten Bills Receivable ABL10-11

　Assigned J-1 to Hayakawa Rubber Bills Receivable ABL10-11

Affirmed BBB/Positive rating on senior debts of Culture Convenience Club

Affirmed AA/Stable, AA and J-1+ on Mitsubishi Logistics

Affirms A Rating on National Grid Gas; Outlook Stable

Removed CM; Revised rating on Gifu Bank from #BBB- to A-/Stable

Assigned preliminary A rating to shelf reg. of Toho Bank

Withdraws D ratings on Japan Airlines and Japan Airlines International

Withdraws D rating on sr.debts and bonds of Willcom, Inc.

Withdraws D ratings on Japan Airlines and Japan Airlines International

Nov. 29, 2010

Assigned J-1 rating to Aso Shoji Bills Receivable ABL10-11

Assigned preliminary BBB rating to shelf reg. of Sojitz Corporation

Affirms A+ Ratings on CABEI; Outlook Stable

Assigned A+ rating to subordinated bonds of Nomura Holdings

Affirmed AA-/Stable, AA- and J-1+ on Nippon Electric Glass

Nov. 26, 2010

Assigned J-1+ to A&D Bills Receivable Beneficial Interest 10-11

Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL10-11

Withdraws A+p/Negative rating on sr.debts of Hitachi Maxell

Assigned preliminary A- to bonds of Arakawa Chemical Industries

Assigned A rating to bonds of Marubeni Corporation

Revised rating on Shinsei Bank from BBB+/Negative to BBB/Stable

Affirmed A on Euro Medium Term Note Programme of BOT Lease

Assigned AAA rating to bonds of Kyushu Electric Power Company

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

Affirmed BBB/Stable and J-2 on DYNAM

Upgrades Ratings on Renault to A-

Affirms BBB+ Rating on ICICI Bank; Outlook Stable

Nov. 25, 2010

Assigned J-1+ to MSNW Trust Certificate Series 10110

Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL10-11

Affirmed A-/Stable and J-1 rating on Showa Sangyo

Affirmed A/Stable and J-1 rating on Nippon Flour Mills

Affirmed AA/Stable on senior debts of Nisshin Seifun Group

Assigned A+ rating to bonds of Konica Minolta Holdings

Nov. 24, 2010

Assigned J-1 to Medical Fees Receivable ABL10-11 (J Hospital)

Assigned preliminary A+ ratings to bonds of JX Holdings

Nov. 23, 2010

Assigned J-1 to Medical Fees Receivable ABL10-11 (C Hospital)

Nov. 22, 2010

Assigned pre. J-1 to Hyakugo Bank B Corporation. Bills Receivable ABL10-11

Assigned J-3 to Monthly Clear Card Shopping Receivable ABL 10-11

Assigned J-1 to Medical Fees Receivable ABL10-11 (Asahikawa Sanai Hospital)

Assigned J-1 to dispensing fees ABL10-11 (Nanba Pharmacy)

Assigned J-1 rating to CP program of Kureha Corporation

Affirmed BBB+/Stable on senior debts of Namura Shipbuilding

Affirmed BBB/Stable and J-2 on Sojitz Corporation

Nov. 19, 2010

Assigned J-1 to Medical Fees Receivable ABL10-11 (H Hospital)