News Release

Sep. 09, 2009

Affirmed A+/Stable and J-1+ on JSF Trust & Banking

Affirmed AA-/Stable and J-1+ on Japan Securities Finance

Affirmed J-2 on CP of Tsubakimoto Kogyo

JCR Affirmed A- and BBB+ for Tokyo Tomin Bank; Revised outlook to Negative
JCR Affirmed BBB+ and BBB for Tokyo Tomin Finance (Cayman)

Assigned AA- to bonds of Daibiru

Assigned A+ to bonds of Nishi-Nippon Railroad

Affirmed A+/Stable on senior debts of Yamagata Bank

Sep. 08, 2009

Assigned preliminary AA rating to Japan Atomic Power

Assigned AA to bonds of Urban Renaissance Agency

Sep. 07, 2009

Affirmed BB+ rating on Best Denki; Revised outlook to Negative

Affirmed BBB/Stable on Clarke Gakuen

Sep. 04, 2009

JCR Affirmed A+ on EMTN of ITOCHU
JCR Affirmed A+ on EMTN of ITOCHU International
JCR Assigned A+ to EMTN of ITOCHU Treasury Centre Europe
JCR Affirmed A+ on EMTN of ITOCHU Treasury Centre Asia

Assigned AA to bonds of Kansai International Airport

Affirmed A/Stable on sr.debts of Marubeni-Itochu Steel

Sep. 03, 2009

Assigned BBB rating to bonds of Softbank

Affirmed A-/Stable and BBB+ rating on Kita-Nippon Bank

Affirmed AA/Stable and AA on Kansai International Airport

Assigned AAA to bonds of Chugoku Electric Power

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

Assigned AAA to bonds of Tokyo Electric Power Company

Sep. 02, 2009

Assigned J-1 to CATERPILLAR Kyushu Bills ABL09-09

Affirmed BBB+ and J-2 on Mitsui Engineering & Shipbuilding

Assigned AA- to bonds of JS Group Corporation

Assigned AA- to bonds of Mitsui Fudosan

Sep. 01, 2009

Affirmed AA-/Stable on Coca-Cola West Company

Downgraded rating on DIC to A-; Outlook remains Stable

Affirmed BBB/Stable rating on Sogo Medical

Affirmed A+/Stable and J-1+ on Hiroshima Bank

Affirmed A/Stable rating on Kawasaki Heavy Industries

Aug. 31, 2009

Assigned J-1+ to Teral Bills Receivable ABL09-08

Assigned J-1 to Toda Kogyo Bills Receivable ABL09-08

Assigned J-1 to Molten Bills Receivable ABL09-08

Assigned preliminary A rating to shelf of Chukyo Bank

Placed rating on TCM under Credit Monitor Positive (#BBB+)

Affirmed A+/Stable, A+ and J-1 rating on Shimadzu Corporation

Withdraws BBB+/Stable rating on senior debts of TOA Corporation

Aug. 28, 2009

Assigned AA- and AA to ABL1 and ABL2 of PORT ON, LLC

Assigned J-1 to Aso Shoji Bills Receivable ABL09-08

Assigned J-1 to A&D Bills Receivable Beneficial Int. 09-08

Affirmed A-/Stable and J-1 on Idemitsu Kosan

Affirmed A+/Stable on Bank of Nagoya

Affirmed AA+ Ratings on The Province of Quebec with stable outlook

Affirmed J-2 on CP program of Japan Radio

Affirmed A/Stable, A and A- rating on Taiko Bank

Assigned AA- rating to bonds of Mitsubishi UFJ Lease & Finance

Affirmed A- rating on Calsonic Kansei; Revised outlook to Stable

Affirmed A on Nissan Financial Services; Revised outlook to Stable

Assigned A rating to Nissan Motor; Outlook Stable

Aug. 27, 2009

Assigned A to BK001 secured loan

Assigned J-1 to Osaka Steel Tube Bills Receivable ABL09-08

Assigned A to bonds of Taiyo Nippon Sanso

Affirmed BBB+/Stable and J-2 on Gecoss

Affirmed A/Stable rating on sr.debts of Yodogawa Christian Hospital

Affirmed A+p/Stable rating on Oji Paper

JCR Affirmed A+/Stable on senior debts of Nippon Paper Group
JCR Affirmed A+/Stable on senior debts of Nippon Paper Industries

Aug. 26, 2009

Assigned J-1 to Bills Receivable ABL09-08 (B Corporation in Mie)

Assigned J-1+ to C Corporation Bills Receivable ABL09-08

Withdraws BBB+ rating on senior debts of Star Micronics

Affirmed AA/Stable on Allianz Fire and Marine Insurance Japan

Aug. 25, 2009

Assigned J-1+ to MSNW Trust Certificate Series 09080

Assigned J-1 to Nakagawa Seitaikako Bills Receivable ABL09-08

Assigned J-1 to Fuji Shokai Bills Receivable ABL09-08

Assigned J-1 to Medical Fees Receivable ABL09-08 (J Hospital)

Assigned preliminary AA to shelf of Sumitomo Electric Industries

Aug. 24, 2009

Assigned J-1 to Medical Fees Receivable ABL09-08 (D Hospital)

Affirmed A/Stable on Hanshin Electric Railway

Affirmed A/Stable and J-1 on Hankyu Hanshin Holdings

Withdraws A rating on senior debts of Hankyu Realty Co., Ltd.

Aug. 21, 2009

Assigned J-1 to Medical Fees Receivable ABL09-08 (G Hospital)

Assigned J-1 to Medical Fees Receivable ABL09-08 (Asahikawa Sanai HP)

Assigned AAA to bonds of Electric Power Development

Removed Akebono Brake Industry ratings from CM and downgraded to BBB+

Affirmed A+/Stable on senior debts of Akita Bank

Aug. 20, 2009

Assigned J-1 to Medical Fees Receivable ABL09-08 (C Hospital)

Downgraded Kintetsu rating to BBB+/Stable from A-/Negative

Assigned AAA rating to bonds of Kyushu Electric Power

Affirmed BBB/Stable for Tamura Corporation

Aug. 19, 2009

Affirmed A+/Stable on senior debts of Exedy

Affirmed BBB+/Negative and J-2 on Toyo Tire & Rubber

Affirmed J-2 on CP program of Daiko Clearing Services

Aug. 18, 2009

Assigned preliminary J-1 to A&D Bills Receivable Beneficial Int. 09-08

Assigned J-1 to Medical Fees Receivable ABL09-08 (I Hospital)

Assigned J-1 to Medical Fees Receivable ABL09-08 (H Hospital)

Assigned J-1 to Medical Fees Receivable ABL09-08 (E Hospital)

Assigned J-1 to Medical Fees Receivable ABL09-08 (F Hospital)

Assigned J-1 to Medical Fees Receivable ABL09-08 (Kyowakai)

Assigned J-1 to Medical Fees Receivable ABL09-08 (Shuyukai)

Assigned J-1 to dispensing fees ABL09-08 (sun-kur Corporation)

Affirmed BBB+/Stable on CAC Corporation

Withdraws BBB- rating on senior debts of Goto

Affirms AAA/AAA(FC)/(LC) Ratings on Export Development Canada; Outlook Stable

Affirmed AA-/Stable and AA- on sr.debts and bonds of Kuraray

Affirmed A+/Stable on sr.debts of First Credit

Aug. 17, 2009

Assigned J-1+ to JUTEC Bills Receivable ABL09-08

Assigned J-1 to Kurashiki Medical Center Beneficial Int. 09-08

Aug. 14, 2009

Assigned J-1 to Medical Fees Receivable ABL09-07 (A Hospital)

Assigned A/Stable rating to Allianz Life Insurance Japan Ltd.

Affirms AAA ratings on Canada : Outlook Stable

Affirmed BBB/Stable and J-2 on Toho

Downgraded rating on Dowa Holdings to A-