News Release

Feb. 24, 2010

Affirmed A-/Stable and J-1 on Sanyo Special Steel

Assigned AA- to bonds of Mitsui Fudosan

Feb. 23, 2010

Assigned J-1 to Fuji Shokai Bills Receivable ABL10-02

Assigned J-1 to dispensing fees ABL10-02 (Nanba Pharmacy)

Affirmed BBB-/Stable on Towa Bank

Assigned preliminary A- rating to shelf of Promise

Assigned A- rating to sub.loan (Hybrid) of Yokogawa Electric

Assigned preliminary A to shelf reg. of Denki Kagaku Kogyo

Affirmed J-2 on CP of Furukawa Electric

Affirms AAA ratings on Kingdom of Denmark: Outlook Stable

Feb. 22, 2010

Assigned J-1 to Medical Fees Receivable ABL10-02 (C Hospital)

Assigned J-1 to Medical Fees Receivable ABL10-02 (Asahikawa Sanai Hospital)

Feb. 19, 2010

Assigned J-1 to Medical Fees Receivable ABL10-02 (Shuyukai)

Assigned J-1 to Medical Fees Receivable ABL10-02 (G Hospital)

Withdraws BBB-/Negative rating on senior debts of SBI Mortgage

Affirmed BBB on Saikyo Bank; Revised outlook to Positive

Affirmed A/Stable and J-1 on IBJ Leasing

Assigned AA rating to bonds of Urban Renaissance Agency

Assigned A- rating to bonds of Mori Building

Assigned preliminary A- rating to shelf of Orient Corporation

Feb. 18, 2010

Assigned J-1 to Medical Fees Receivable ABL10-02 (D Hospital)

Assigned J-1 to Castem Bills Receivable ABL10-02

Assigned J-1 to Kurashiki Medical Center Beneficial Interest 10-02

Assigned J-1 to Medical Fees Receivable ABL10-02 (Kyowakai)

Assigned J-1 to Medical Fees Receivable ABL10-02 (I Hospital)

Assigned J-1 to Medical Fees Receivable ABL10-02 (H Hospital)

Downgraded ratings on Willcom to D

Affirmed AA on Sumitomo Wiring Systems; Revised outlook to Stable

Affirmed AA on Sumitomo Electric Industries; Revised outlook to Stable

Feb. 17, 2010

Assigned J-1 to Medical Fees Receivable ABL10-02 (J Hospital)

Assigned J-1 to Medical Fees Receivable ABL10-02 (E Hospital)

Assigned J-3 to Narasaki Stax Accounts Receivable ABL10-02

Assigned J-1 to dispensing fees ABL10-02 (sun-kur Corporation)

Assigned J-1 to Medical Fees Receivable ABL10-02 (F Hospital)

JCR Affirmed A+/Stable for Cheung Kong (Holdings) Limited
JCR Affirmed A+ for Cheung Kong Finance Japan

Assigned AAA to bonds of Aichi Prefecture

Affirmed AA/Stable and AA on sr.debts and bonds of Urban Renaissance Agency

Affirmed A/Stable on First Bank of Toyama

Affirmed BBB+/Stable and J-2 rating on Mitsubishi Electric Credit

Downgraded rating on Nippon Yusen to AA-; Outlook Stable

Affirms A+ Ratings to Central American Bank for Economic Integration, outlook stable

Affirmed preliminary A- rating on bonds of Mori Building

Feb. 16, 2010

Assigned J-1+ to Takeda Gen. Hospital Beneficial Interest 10-02

Affirmed AA-p/Stable on sr.debts of FamilyMart

Affirmed AAA/Stable on sr.debts of Hitotsubashi University

Affirmed BBB-/Stable on Mitsubishi Paper Mills

Affirmed J-1 on CP of Sumishin Matsushita Financial Services

Feb. 15, 2010

Assigned pre. J-1+ to A&D Bills Receivable Beneficial Int. 10-02

Affirmed AA-/Stable and J-1+ on Mitsui Fudosan

Affirmed AA+/Stable on sr.debts of Aoyama Gakuin

Affirmed AA/Stable on SECOM General Insurance

Affirmed AA+/Stable on senior debts of Secom

Affirmed A/Stable on Sankei Building

Affirmed BBB+/Stable on Japan Medical Alliance

JCR Downgraded rating on EMTN of ORIX to A
JCR Downgraded rating on EMTN of ORIX AUSTRALIA (SECURITIES) to A
JCR Downgraded rating on EMTN of ORIX (CARIBBEAN) to A
JCR Downgraded rating on EMTN of ORIX USA to A

Downgraded rating on bonds of Orix to A; Outlook Stable

Affirmed A, A- on Nanto Bank; Revised outlook to Stable

Affirmed BBB+ and Revised outlook on Bank of Ikeda to Positive

Feb. 12, 2010

Assigned J-1 to Medical Fees Receivable ABL10-02 (B Hospital)

Assigned A-/Stable and A- to sr.debts and bonds of Temp Holdings

Assigned A+ to bonds of Nippon Meat Packers

Assigned pre. AA and AA- rating to bonds and sub.bonds of Bank of Tokyo-Mitsubishi UFJ

Affirmed A/Stable and J-1 on senior debts and CP of JGC

Affirmed AA/Stable on senior debts of 77 Bank

Placed SSP's rating under Credit Monitor Positive #A-/Positive

Feb. 10, 2010

Affirmed BBB- and BB+ on Howa Bank; Revised outlook to Stable

Assigned AA+ rating to bonds of Osaka (City of)

Feb. 09, 2010

Assigned J-1 to Nohara Bills Receivable ABL10-02

Affirmed AA-/Stable and J-1+ on Asahi Breweries

Affirmed BBB+ and J-2 on Sapporo Holdings ; Revised outlook to Positive

Withdraws BB/Stable rating on senior debts of Best Denki

Affirms AA+ Ratings on Hong Kong Special Administrative Region; Outlook Stable

Affirmed BBB+ on Nagano Bank; Revised outlook to Negative

Feb. 08, 2010

Affirmed A+/Stable; Assigned J-1 to CP of Meiji Holdings

JCR Affirmed BBB and J-2 on Tokai Tokyo Financial Holdings; Revised outlook to Stable
JCR Affirmed BBB and J-2 on Tokai Tokyo Securities; Revised outlook to Stable

Upgraded rating on Mitsui Sugar to A- and J-1; Outlook Stable

Affirmed A+/Stable and J-1 on Meiji Dairies

Affirmed A+/Stable and J-1 rating on Meiji Seika

Placed rating on Nippon Yakin under Credit Monitor Negative

Feb. 05, 2010

Affirmed A+ and J-1 on Aeon Credit; Revised outlook to Negative

Affirmed A and J-1 on Aeon Kyushu; Revised outlook to Negative

Affirmed BBB/Stable rating on Hikari Tsushin

Affirmed A-/Negative rating on AEON Thana Shinsap (Thailand)

Withdraws BBB-/Negative rating on sr. debts of Tokyo Lithmatic

Affirmed BBB/Stable on senior debts of Harima Chemicals

Assigned AAA to bonds of Aichi Prefecture

JCR Affirmed A-/Stable on Toyobo
JCR Affirmed BBB on TC Preferred Capital

Feb. 04, 2010

Affirmed A/Stable on senior debts of Air Water

JCR Affirmed AA+/Stable on Seven & I Holdings
JCR Affirmed AA+/Stable on Ito-Yokado

Affirmed AA+/Stable on senior debts of Seven-Eleven Japan

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

Affirmed A+/Stable on Kyoritsu Women's Educational Institution

Affirmed A+ on Oita Bank; Revised outlook to Stable

Affirmed A and A- on Ogaki Kyoritsu Bank; Outlook Stable

Withdraws preliminary A+ rating on shelf of NGK Spark Plug

Affirmed A+ rating on NGK Spark Plug; Revised outlook to Stable

Feb. 03, 2010

Assigned preliminary BBB rating to sub.bonds of Tokyo Star Bank

Downgraded Tokyo Star Bank's rating to BBB+; Outlook Stable

Assigned AA+ rating to bonds of Osaka (City of)

JCR Removed CM; Affirmed A-/BBB+/BBB and J-1 on Kansai Urban, Negative Outlook
JCR Removed CM; Upgraded Rating on Biwako Bank from #BBB[Positive] to A-/Negative Outlook