News Release

Sep. 12, 2008: Affirmed J-1+ on ABCP following review of Credit Enhancers; Affirmed J-1+ on ABCP following review of Credit Enhancers; Affirmed J-1+ on ABCP following review of Credit Enhancers; Affirmed J-1+ on ABCP following review of Credit Enhancers; JCR Affirmed J-1+ on ABCP following review of Credit Enhancers; Affirmed A+/Stable and J-1 on kabu.com Securities; Affirmed AA/Stable on Mitsubishi UFJ Securities; Assigned A+ to subordinated bonds of Sumitomo Mitsui Banking; Affirmed BBB on Warabeya Nichiyo; Outlook changed to Positive

Sep. 11, 2008: Assigned AA to specified bond of Nissay 2008 Fund Special Purpose Company; Assigned J-1 to healthcare fees receivable ABL08-09 (B Hospital); Assigned J-2 to CP of Yanmar; Assigned A- to bonds of Nisshin Oillio Group; Affirmed Ap/Stable on sr.debts of Hitachi Maxell; Affirmed AA-/Stable on sr.debts of Yamaha Corporation; Affirmed A/Stable on sr.debts of Izumi; Placed rating on Meiji Seika under Credit Monitor Negative; Assigned BBB+ to bonds of Toyo Tire & Rubber; Affirmed BBB/Stable on senior debts of Fuji; Placed rating on Meiji Dairies under Credit Monitor Positive

Sep. 10, 2008: Affirmed BBB on Tokai Tokyo Securities; Changed outlook to Stable; Affirmed BBB+/Stable on sr.debts of Tohokusoshin; Assigned AA to bonds of Bank of Tokyo-Mitsubishi UFJ; Affirmed A+/Stable on senior debts of Santen Pharmaceutical; Affirmed BBB-/Stable on senior debts of Tokatsu Foods

Sep. 09, 2008: Assigned J-1 to Nohara Bills Receivable ABL08-09; Assigned preliminary AA to shelf registration of NTT Finance; Placed rating on Daiwabo Information System under CM with Developing; Affirmed A/Stable and J-1 on sr.debts and CP of Dowa Holdings

Sep. 08, 2008: Assigned AA to bonds of Nomura Holdings; Placed ratings on Acom under CM Positive; Placed ratings on Joint Corporation under CM Developing; Placed rating on Japan Asia Investment under CM Negative

Sep. 05, 2008: Assigned J-1 to Hayakawa Rubber Bills Receivable ABL08-09; Affirmed BBB on senior debts of Culture Convenience Club; Revised Outlook to Positive; Assigned A to bonds; Affirmed A/Stable on Mitsui-Soko; Affirmed A-/Stable on sr.debts of Michinoku Bank; Downgraded rating on sr.debts of Oji Paper to A+p/Stable; Affirmed Ap/Stable on senior debts of Hitachi Software Engineering; Affirmed A- on Kintetsu; Revised Outlook to Negative from Stable; Assigned A+ to bonds of Nishi-Nippon Railroad; Assigned AA to bonds of Urban Renaissance Agency; Assigned AAA to bonds of Chugoku Electric Power; Assigned AA- to bonds of Mitsubishi UFJ Lease & Finance

Sep. 04, 2008: JCR Affirmed A+ on EMTN of ITOCHU
JCR Affirmed A+ on EMTN of ITOCHU International
JCR Affirmed A+ on EMTN of ITOCHU Finance (Europe)
JCR Assigned A+ on EMTN to ITOCHU Treasury Centre Asia; Affirmed A-/Stable on sr.debts of Tosoh; Assigned AAA to bonds of Kansai Electric Power; Assigned AAA to bonds of Tokyo Electric Power; Assigned AAA to bonds of Chugoku Electric Power; Assigned AA to bonds of Kansai International Airport

Sep. 03, 2008: Upgraded sr.debts of Keiyo Bank to A+/Stable from A/Positive; Assigned A- to bonds of Nagoya Railroad

Aug. 29, 2008: Assigned J-1+ to JUTEC Bills Receivable ABL08-08; Assigned J-1+ to Teral Kyokuto Bills Receivable ABL08-08; Assigned J-1 to Toda Kogyo Bills Receivable ABL08-08; Assigned J-1 to Molten Bills Receivable ABL08-08; Assigned preliminary A- to shelf registration of Tokyo Tatemono; Withdrawn #J-2/Positive rating on CP of Tokyu Store Chain; JCR Affirmed A+/Stable on senior debts of Nippon Paper Group
JCR Affirmed A+/Stable on senior debts of Nippon Paper Industries; Affirmed A-/Stable and J-1 on Nippon Mining Holdings; Affirms BBB+ (FC) Rating on ICICI Bank; Outlook Stable

Aug. 28, 2008: Assigned J-1 to Bills Receivable ABL08-08 (B Corporation in Mie); Assigned J-1 to Aso Shoji Bills Receivable ABL08-08; Assigned AAA to ABL on auto leases receivable; Assigned J-1 to Nippon Tungsten Bills Receivable ABL08-08; Assigned preliminary AA- to shelf registration of Toyota Tsusho; Assigned AA to bonds of JFE Holdings; Assigned A+/Stable rating to Mitsubishi Jyuko Kankyo Engineering; Affirmed AA-/Stable on sr.debts of Mitsubishi Heavy Industries; Assigned preliminary AA- to shelf registration of Saibu Gas; Affirmed BBB- on Japan General Estate; Revised outlook to Negative

Aug. 27, 2008: Assigned J-1 to Osaka Steel Tube Bills Receivable ABL08-08; Assigned AA- to bonds of Orix; Assigned AA to bonds of Nippon Steel; Affirmed A-/Stable and J-1 on sr.debts and CP of Idemitsu Kosan; Affirmed A+/Stable and J-1 on sr.debts and CP of Gunze; JCR Assigned A+ to bonds of Daiwa Securities Group

Aug. 26, 2008: Affirmed BBB+/Stable and J-2 on Toyo Tire & Rubber; Affirmed A+/Stable on senior debts of Exedy; Affirmed A/Stable and J-1 on sr.debts and CP of BOT Lease; Upgraded rating on Kawasaki Heavy Industries to A/Stable

Aug. 25, 2008: Assigned J-1 to Bills Receivable ABL08-08 (A Corporation in Aichi); Assigned J-1 to Fuji Shokai Bills Receivable ABL08-08; Assigned J-1+ to MSNW Trust Certificate Series 08080; Affirmed AA/Stable rating on sr.debts of Sekisui House

Aug. 22, 2008: Assigned AA to ABL of PORT KOKOROZASHI, LLC; Affirmed BBB for Tamura Corporation; Revising outlook to Stable; Affirmed J-2 on CP program of Japan Radio; Affirmed A+/Stable on sr.debts of Shimadzu Corporation; Assigned AAA to bonds of Kyushu Electric Power; Assigned preliminary A- to shelf reg. of Minato Bank; Assigned A to bonds of Hiroshima Gas

Aug. 21, 2008: Assigned J-1 to healthcare fees ABL08-08 (Asahikawa Sanai HP); Assigned J-1 to healthcare fees ABL08-08 (D Hospital); Affirmed AA-/Stable on sr.debts of Coca-Cola West Holdings; Upgraded rating on Sogo Medical to BBB/Stable; Upgrades Slovakia's FC rating to A+/stable

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