News Release

Apr. 18, 2008: Downgraded Takara Standard to A/Stable; Assigned pre. A and J-1; JCR's Rating Review of 3 Japan Railway companies

Apr. 17, 2008: Assigned J-1 to Kurashiki Medical Center Trust Certificates 08-04; Affirmed BBB- on Toli; Revised outlook to Negative; Affirmed BBB/Stable on sr.debts of Nagatanien; Assigns A+ Ratings to Kookmin Bank's Inaugural Samurai; Assigned A- to bonds of Fuji Electric Holdings; Affirmed BBB- on Wakachiku Construction; Revised outlook to Negative

Apr. 16, 2008: Assigned J-1 to healthcare fees ABL08-04 (E Hospital); Assigned J-1 to healthcare fees ABL08-04 (F Hospital); Assigned J-1 to healthcare fees receivable ABL08-04 (A Hospital); Assigned preliminary A to shelf registration of Nifco; Upgraded sr.debts of Nikon to A+/Stable; Upgraded sr.debts of Oriental Yeast to A/Stable; Assigned AA- to bonds of Sumitomo Metal Industries; Affirmed BBB/Stable on senior debts of Vital-Net; Affirmed BBB/Stable on sr.debts of Asahi Printing; Assigned AAA to bonds of Electric Power Development Company

Apr. 15, 2008: Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 08-04; Assigned J-1 to healthcare fees receivable ABL08-04 (Kyowakai); Assigned AAA to bonds of Tokyo Electric Power Company; Affirmed BBB on Royal Holdings; Revised Outlook to Stable; Assigned AA+ to bonds of NTT Data

Apr. 14, 2008: Affirmed J-1 on CP of Meiji Dairies; Upgraded sr.debts of Sunx to A/Stable

Apr. 11, 2008: Assigned J-1 to healthcare fees receivable ABL08-04 (B Hospital); Affirmed A/Stable and A on senior debts and bonds of Rohto Pharmaceutical; Affirmed A/Stable rating on sr.debts of Sundrug; Assigned AA- to bonds of Sumitomo Mitsui Banking; Assigned AA- to bonds of Hitachi Capital; Affirmed BBB for Unimat Life and Revised Outlook to Stable; Assigned AA- to bonds of Sumitomo Chemical

Apr. 10, 2008: Affirmed AA-/Stable on sr.debts of Kaneka; Assigned A- to bonds of Kintetsu; Affirmed BBB/Stable on sr.debts of Nishikawa Rubber

Apr. 09, 2008: Assigned J-1 to Nohara Bills Receivable ABL08-04; Upgraded sr.debts of Taihei Kogyo to BBB+/Stable; Affirmed BBB+/Stable on sr.debts of Inageya; Affirmed A/Stable and A- on sr.debts and sub.bonds of Fukui Bank; Assigned AA and AA- to bonds and sub.bonds of Bank of Tokyo-Mitsubishi UFJ; Affirmed AAp/Stable on sr.debts of Daiwa House Industry; Affirms AAA Ratings on Asian Development Bank; Assigned AAA to bonds of Kyushu Electric Power; Affirmed J-1 on CP of Kobe Steel; Upgraded rating on CP of Tokyo Associates Finance to J-1

Apr. 04, 2008: Affirmed A/Stable and A- on sr.debts and sub.bonds of Toho Bank; Affirms A-/A+ (FC/LC) on Thailand; Outlook Stable; Assigned preliminary AAA to shelf registration of Tokio Marine & Nichido Fire Insurance; Affirmed BBB-/Stable on senior debts of Ishihara Sangyo; Assigned AAA to bonds of Development Bank of Japan

Apr. 03, 2008: Assigned a preliminary AAA to shelf registration of NTT DoCoMo; Upgraded STB Leasing to A+/Stable from A-/Positive; Assigned AAA to bonds of Kansai Electric Power Company; Assigned AAA to bonds of Tokyo Electric Power Company

Apr. 02, 2008: Affirmed A/Stable on Takata: Assigned J-1 to CP; Assigned AAA to bonds of Chugoku Electric Power Company; Affirmed BBB/Stable on sr.debts of Sugimoto & Co.

Apr. 01, 2008: Withdrawn BBB-/Stable rating on senior debts of Kanro; Affirmed A-/Stable and J-1 on sr.debts/CP of Japan Pulp & Paper; Withdrawn BBB+/Stable rating on senior debts of Sanki Engineering; Withdrawn BB+/Stable rating on senior debts of Vitec; Assigned J-1 to Kurashiki Medical Center Trust Certificates 08-05

Mar. 31, 2008: Assigned AAA to Showa Leasing Receivable Trust Certificate; Assigned J-1+ to Teral Kyokuto Bills Receivable ABL08-03; Assigned J-1 to Molten Bills Receivable ABL08-03; Assigned J-1+ to JUTEC Bills Receivable ABL08-03 (2); Assigned J-1+ to Nippei Toyama Bills Receivable ABL08-03; Assigned J-1 to Hayakawa Rubber Bills Receivable ABL08-03 (2); Assigned J-1 to Toda Kogyo Bills Receivable ABL08-03; Upgraded sr.debts of Ryoden Trading to A-/Stable; Affirmed AA/Stable on sr.debts of Nitto Denko; Upgraded sr.debts of Mitsubishi UFJ Nicos to AA-/Stable; Affirmed BBB-/Stable and BBB- on sr.debts and bonds of Tomy; Affirmed J-1+ on CP of NTT Data; Withdrawn AA- on EMTN of Sumitomo Mitsui Finance and Leasing; Assigned BBB+/Stable to senior debts of IDEC; Upgraded Mitsumi Electric to A/Stable; Affirmed J-1 on CP; Assigns A+ Preliminary Ratings to Kookmin Bank's Inaugural Samurai; Affirmed J-1+ on CP of Nippon Steel; Affirmed BBB-/Stable on sr.debts of Tokyo Lithmatic; Withdrawn J-2 on CP of Mitsui CM Leasing

Mar. 28, 2008: Assigned J-1 to A&D Bills Receivable Trust Certificates; Assigned J-1 to Aso Shoji Bills Receivable ABL08-03; Assigned AAA to San-in Shinpan Installment Sales Receivable Trust; Assigned J-1 to Nippon Tungsten Bills Receivable ABL08-03; Assigned J-1 to Ochisangyo Bills Receivable ABL08-03 (1),(2)&(3); Assigned J-1 to Kimura Bills Receivable ABL08-03; Affirmed A/Stable and A- on sr.debts and sub.bonds of Nanto Bank; Assigned BBB-/Stable to senior debts of Kanematsu Corporation; Assigned preliminary BBB+ to shelf registration of Nippon Sheet Glass; Withdrawn BBB/Stable rating on Daido Metal; Affirmed BBB/Stable and BBB on sr.debts and bonds of Yorozu; Affirmed AA+p/Stable on sr.debts of Astellas Pharma; Downgraded ShinGinko Tokyo to BBB-/Negative and J-2: Removed CM; Downgraded Bank of Ikeda to #A-: Continues CM with Developing

Mar. 27, 2008: Assigned J-1 to Osaka Steel Tube Bills Receivable ABL08-03; Assigned J-1 to Bills Receivable ABL08-03 (B Corporation in Mie); Placed rating on CP Tokyu Store Chain under CM #J-2/Positive

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