News Release

Dec. 11, 2008: Assigned A+ rating to sub.bonds of Nomura Holdings; Assigned AAA to bonds of Tokyo Electric Power Company; Assigned AA- to bonds of Sumitomo Chemical; Assigned AA- to bonds of Sumitomo Metal Industries

Dec. 10, 2008: Assigned J-1 to Hayakawa Rubber Bills Receivable ABL08-12; Assigned A+ rating to sub.bonds of Mizuho Bank; Affirmed AA+/Stable and J-1+ on Japan Trustee Services Bank; Affirmed AA+/Stable and J-1+ on LT and ST sr.debts of Master Trust Bank of Japan; Placed Futaba Industrial ratings under Credit Monitor Negative; Assigned J-1 rating to short-term sr.debts of Shinsei Bank; Assigned AA to bonds of Sumitomo Electric Industries

Dec. 09, 2008: Assigned J-1 to Nohara Bills Receivable ABL08-12; Affirmed A-/Stable and J-1 rating on Kobelco Construction

Dec. 08, 2008: Affirmed BBB+/Stable and J-2 on San-Ai Oil; Assigned preliminary A to shelf reg. of Chuo Mitsui Trust and Banking; Downgraded ratings on Anabuki Construction to BB+ and J-3

Dec. 05, 2008: JCR Affirmed BBB/Stable on Okasan Securities Group
JCR Affirmed BBB/Stable on Okasan Securities; Affirmed BBB and J-2 on Sojitz; revised outlook to Stable; Affirmed J-2 on CP program of Shoko; Affirmed BBB/Stable and J-2 on sr.debts and CP of Joshin Denki; Affirmed BBB+/Stable and J-2 on Cosmo Oil; Affirmed AA-/Stable on Mori Hills REIT Investment; Assigned AAA to bonds of Chugoku Electric Power; Downgraded Japan Asia Investment rating to BB+; Removed CM Negative

Dec. 04, 2008: Assigned AAA to bonds of Development Bank of Japan Inc.; Assigned AA- rating to bonds of Mizuho Corporate Bank; Affirmed A-/Stable and J-1 for Parco; Assigned AA+ to bonds of NTT Data; Removed from CM; Affirmed A/Stable on Nippon Car Solutions; Placed the ratings on PTT Exploration and Production Public Company under Credit Monitor; Placed the ratings on PTT Public Company under Credit Monitor; Assigned AAA to bonds of Electric Power Development; Placed rating on Nippon Mining Holdings under Credit Monitor Positive

Dec. 03, 2008: Assigned AA+ to bonds of Osaka (City of); Assigned AA+ to bonds of Osaka (City of); Affirmed A+/Stable on senior debts of Yamagata Bank; Placed the ratings on Thailand under Credit Monitor; Affirmed BBB on Nippon Light Metal; Revised outlook to Negative; Assigns AAA Ratings to The African Development Bank's Senior Notes; Assigned preliminary A+ rating to sub.bonds of Mizuho Bank; Placed rating on AEON Thana Shinsap (Thailand) under Credit Monitor Negative

Dec. 02, 2008: Affirmed AA/Stable on senior debts of SECOM General Insurance; Affirmed A/Stable and J1 on senior debts and CP of Lintec; Assigned preliminary BBB+ to shelf registration of Monex Group; JCR Assigned A+ to bonds of Daiwa Securities Group; Affirmed AA+/Stable on senior debts of SECOM

Dec. 01, 2008: Affirmed A+p/Stable on senior debts of Mitsui Chemicals; Assigned A+ ratings to sub.bonds and shelf of Nomura Holdings

Nov. 28, 2008: Assigned J-1 to Molten Bills Receivable ABL08-11; Assigned J-1+ to JUTEC Bills Receivable ABL08-11; Assigned J-1+ to Teral Kyokuto Bills Receivable ABL08-11; Assigned J-1 to Toda Kogyo Bills Receivable ABL08-11; Assigned preliminary A to shelf registration of Toho Bank; Withdrawn AA/Positive rating on Canon Marketing Japan; Downgraded long-term and CP ratings on UCS to BBB+ and J-2; Affirmed BBB/Stable on senior debts of GEO Corporation; Assigned AA+ to bonds of Japan Water Agency

Nov. 27, 2008: Assigned J-1 to Aso Shoji Bills Receivable ABL08-11; Assigned J-1 to Nippon Tungsten Bills Receivable ABL08-11; Assigned J-1 to SEIBUKIZAI Bills Receivable ABL08-11; Affirmed AA/Stable on senior debts of Toho

Nov. 26, 2008: Assigned J-1 to Osaka Steel Tube Bills Receivable ABL08-11; Assigned J-1 to Bills Receivable ABL08-11 (B Corporation in Mie); Affirmed AA-/Stable on sr.debts of Nippon Electric Glass; Assigned AA+ to bonds of Osaka (City of); Assigned AA rating to bonds of Nippon Steel; Assigned AAA to bonds of NTT DoCoMo; Affirms A+ Ratings to Central American Bank for Economic Integration, outlook stable; Affirmed J-1 on CP of Mitsubishi Plastics; Assigned AAA to bonds of Kyushu Electric Power; Upgraded Pacific Holdings to #B/Positive; rating remains under CM; Downgraded rating on Prospect Residential Investment to BBB+/Negative

Nov. 25, 2008: Assigned J-1+ to MSNW Trust Certificate Series 08110; Assigned J-1 to Fuji Shokai Bills Receivable ABL08-11; Assigned preliminary A+ to shelf registration of THK; Affirmed BBB/Stable on senior debts of Namura Shipbuilding; Downgrades GMAC to #CCC/Negative; Affirmed A on EMTN of BOT Lease; JCR Rating on Nikko Citi Holdings still under Credit Monitor #A+/Negative
JCR Rating on Nikko Cordial Securities still under Credit Monitor #A+/Negative
JCR Rating on NikkoCiti Trust and Banking still under Credit Monitor #A+/Negative

Nov. 21, 2008: Assigned J-1 to Bills Receivable ABL08-11 (A Corporation in Aichi); Affirmed AA on bonds of SCB Securitization; Affirmed BBB/Stable on senior debts of Tokushu Tokai Holdings; Downgraded long-term rating on Elpida Memory to BBB/Negative; Affirmed AA- on Shinkin Guarantee Fund; Revised outlook to Negative; Affirmed AAA on Shinkin Central Bank; Revised outlook to Negative; Assigned AAA to bonds of Tokyo Electric Power Company

Nov. 20, 2008: Assigned J-1 to healthcare fees ABL08-11 (Asahikawa Sanai HP); Assigned J-1+ to Chudai Jitugyo Bills Receivable ABL08-11; Assigned J-1 to healthcare fees ABL08-11 (D Hospital); Affirmed A on Nifco; Revised outlook to Stable from Positive; Affirmed J-2 on CP of Mitsubishi Materials; Assigned AAA to bonds of Kansai Electric Power; Placed rating on Vital-Net under Credit Monitor Positive (#BBB); Assigned AAA to bonds of Kyushu Electric Power; Assigned AA- to bonds of Orix

Nov. 19, 2008: Assigned J-1 to healthcare fees receivable ABL08-11 (C Hospital); Assigned AAA to bonds of Tokyo Electric Power Company

Nov. 18, 2008: Assigned J-1 to dispensing fees ABL08-11 (sun-kur Corporation); Assigned J-1 to healthcare fees ABL08-11 (E Hospital); Assigned J-1 to healthcare fees ABL08-11 (F Hospital)

Release Information: News Release; Issuer Reports; Reports relating to Issuer; JCR News