News Release

Sep. 22, 2011

JCR Affirmed A+/Stable and J-1 Rating on Sr.debts and CP of Gunze

JCR Affirmed A Rating on Sr.debts of Sundrug; Revised Outlook to Positive

JCR Upgraded Rating on Isuzu Motors from BBB+/Stable and J-2 to A-/Stable and J-1

JCR Affirmed A+/Stable, Preliminary A+ and J-1 on Sumitomo Chemical

JCR Affirmed A+ on EMTN of Sumitomo Chemical
JCR Affirmed A+ on EMTN of Sumitomo Chemical (U.K.)
JCR Affirmed A+ on EMTN of Sumitomo Chemical Capital America

JCR Assigned Preliminary A Rating to Shelf Registration of IBJ Leasing

JCR's Rating Review of Electric Power Companies

Sep. 21, 2011

JCR Assigned J-1 to Dispensing Fees ABL11-09 (Nanba Pharmacy)

JCR Assigned J-1 to Medical Fees Receivable ABL11-09 (Asahikawa Sanai HP)

JCR Assigned J-1 to Medical Fees Receivable ABL11-09 (J Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-09 (M Hospital)

JCR Assigned BBB Rating to Subordinated Bonds of Tokyo Star Bank

Sep. 20, 2011

JCR Assigned J-1 to Kurashiki Medical Center Beneficial Interest 11-09

JCR Assigned A Rating to Specified Bonds/Loans of Totate Higashi Hakushima Tokutei Mokuteki Kaisha

JCR Assigned J-1 to Medical Fees Receivable ABL11-09(I Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-09 (G Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-09 (C Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-09(H Hospital)

JCR Affirmed J-2 Rating on CP Program of Tsubakimoto Kogyo

JCR Affirmed AA/Stable, AA- and Pre. AA on Bank of Yokohama

JCR Affirmed A/Stable, Preliminary A and J-1 on IBJ Leasing

JCR Affirmed BBB-/Stable Rating on Senior Debts of DC

JCR Affirmed AA-/Stable and J-1+ on Mitsubishi UFJ Nicos

JCR Affirmed BBB+/Stable and J-2 on Toshiba Finance
JCR Affirmed BBB/Stable and J-2 on Toshiba Housing Loan

Sep. 16, 2011

JCR Assigned Preliminary J-1+ to Amano Bills Receivable Beneficial Int. 11-09

JCR Assigned J-1 to Medical Fees Receivable ABL11-09 (K Hospital)

JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL11-09

JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 11090

JCR Assigned A- Rating to Sub. Bonds of Ogaki Kyoritsu Bank

JCR Assigned A+ and Preliminary A+ to Meiji Holdings

JCR Assigned A+ Rating to Subordinated Bonds of Sumitomo Trust and Banking

JCR Affirmed BBB+/Stable and J-2 Rating on Gecoss

JCR Assigned BBB Rating to Bonds of Dainippon Screen Mfg.

Sep. 15, 2011

JCR Assigned J-1 to Medical Fees Receivable ABL11-09 (F Hospital)

JCR Assigned J-1+ to JUTEC Bills Receivable ABL11-09

JCR Assigned J-1 to Medical Fees Receivable ABL11-09 (L Hospital)

JCR Assigned J-1 to Medical Fees Receivable ABL11-09 (Kyowakai)

JCR Assigned J-1 to Dispensing Fees Receivable ABL11-09 (sun-kur)

JCR Assigned J-1+ to Takeda General Hospital Beneficial Interest 11-09

JCR Assigned J-1+ to Takeda General Hospital Beneficial Interest 11-09

JCR Assigned J-1 to Medical Fees Receivable ABL11-09 (E Hospital)

JCR Affirmed J-2 Rating on CP program of Shoko

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of Penta-Ocean Construction

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Upgraded Rating on Showa Denko from BBB+/Positive to A-/Stable
JCR Upgraded Rating on SD Preferred Capital from BBB- to BBB

JCR Upgraded Rating on T&D Financial Life Insurance from A/Stable to A+/Stable

JCR Affirmed AA- on EMTN of Mitsubishi UFJ Lease & Finance

JCR Downgraded Rating on Daido Life Insurance from AA-/Stable to A+/Stable

JCR Affirmed A+/Stable Rating on Taiyo Life Insurance

Sep. 14, 2011

preliminary (Kurashiki Medical Center medical treatment fees receivable senior beneficial interest 11-09)

JCR Assigns A Rating on America Movil; Outlook Stable

JCR Assigned AA Rating to Bonds of MUSI

JCR Affirmed A-/Stable, A-, BBB, Preliminary A- and J-1 on DIC

Sep. 13, 2011

JCR Affirmed AA- on Class B, A- on Class C,D bonds of Trust Maison Two TMK

JCR Assigned Pre. J-1+ to Bills Receivable Beneficial Interest 11-09 (A Corp.)

JCR Assigned J-1 to Medical Fees Receivable ABL11-09 (B Hospital)

JCR Assigned Preliminary J-3 to Monthly Clear Card Shopping Receivable ABL11-09

JCR Affirmed J-1+ on ABCP of Vector Asset and Nexus Asset

JCR Upgraded Class D and Affirmed Class A, B and C Specified Bonds of Trust Maison TMK

JCR Affirmed BBB/Stable and BBB Rating on Sankei Shimbun

Sep. 12, 2011

JCR Affirmed A and J-1 on Cedyna Financial; Revised Outlook to Positive

JCR Affirmed A on EMTN of Century Tokyo Leasing Corp.

JCR Affirmed A+ and J-1+ on Sumitomo Mitsui Card; Revised Outlook to Positive

Sep. 09, 2011

JCR Affirmed A+/Stable and J-1 on kabu.com Securities

JCR's Rating Review of Major Banks

JCR Affirmed AA/Stable Long-term Issuer Rating and AA and AA- Ratings on EMTN for Mitsubishi UFJ Securities Holdings
JCR Affirmed AA/Stable Long-term Issuer Rating on Mitsubishi UFJ Morgan Stanley Securities

JCR Affirmed AA-/Stable and J-1+ Rating on Mizuho Investors Securities

JCR Affirmed AA- Rating on SMBC Nikko Securities; Revised Outlook to Positive

JCR Assigned BBB Rating to Bonds of Daio Paper

JCR Affirmed AA-/Stable, A+ and J-1+ Rating on Mizuho Securities
JCR Affirmed AA- Rating- on EMTN Programme of Mizuho International
JCR Affirmed AA- Rating- on EMTN Programme of Mizuho Securities USA

JCR Assigned AA Rating to Bonds of Kansai International Airport

JCR Affirmed BBB-/Stable Rating on Senior debts of Howa Bank

JCR Assigned BBB+ to Bonds; Affirmed BBB+/Stable and J-2 on Hanwa

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency

JCR Affirmed A-/Stable, A- and J-1 Rating on Keihan Electric Railway

JCR Assigned Preliminary BBB+ Rating to Shelf Reg. of Heiwa Real Estate

JCR Assigned A Rating to Bonds of Taisei Corporation

Sep. 08, 2011

JCR Affirmed BBB+/Stable Rating on Senior debts of Matsuda Sangyo

JCR Assigned A Rating to Bonds of Kenedix Realty Investment Corporation

JCR Affirmed A- and BBB+ Rating on Tokyo Tomin Bank; Revised Outlook to Stable

JCR Assigned A- Rating to Bonds of Nisshin Oillio Group

JCR Affirmed A/Stable and A- on Senior debts and Sub. Bonds of Hyakujushi Bank

JCR Affirmed AA/Stable Ratings on Sony Life

Sep. 07, 2011

September 7, 2011JCR Assigned J-1 to Medical Fees Receivable ABL11-09 (D Hospital)

JCR Affirmed BBB/Stable Rating to Sr.debts of Scroll Corporation

JCR Assigned A- Rating to Bonds of Tokyu Land

Sep. 06, 2011

JCR Assigned A+ Rating to Subordinated Bonds of Mizuho Bank

JCR Assigned A+ Rating to Bonds of Mitsubishi Chemical Holdings

JCR Assigned BBB+ Rating to Bonds of Toyo Tire & Rubber

JCR Assigned AA+ Rating to Bonds of Japan Student Services

Sep. 05, 2011

JCR Affirmed BBB+/Stable and J-2 Rating on Yasuda Real Estate

JCR Affirmed BBB+/Stable Rating on Senior debts of Maruzen Petrochemical

JCR Affirmed AA- Rating on EMTN of ITOCHU
JCR Affirmed AA- Rating on EMTN of ITOCHU Treasury Center Americas
JCR Affirmed AA- Rating on EMTN of ITOCHU Treasury Centre Europe
JCR Affirmed AA- Rating on EMTN of ITOCHU Treasury Centre Asia

Sep. 02, 2011

JCR Assigned AA- Rating to Bonds of ITOCHU

JCR Assigned A- Rating to Bonds of Sapporo Holdings

JCR Assigned AA- Rating to Bonds of Advance Residence Investment Corporation

JCR Assigned A Rating to Bonds of Hankyu Hanshin Holdings

JCR Assigned A Rating to Bonds of Fuyo General Lease

JCR Affirmed A+/Stable Rating on Advantest

JCR Affirmed BBB/Stable and BBB on Kisoji