News Release

Apr. 01, 2010

Affirmed all bonds of Trust Maison

JCR Downgraded rating on EMTN of Sumitomo Chemical to A+
JCR Downgraded rating on EMTN of Sumitomo Chemical (U.K.) to A+
JCR Downgraded rating on EMTN of Sumitomo Chemical Capital America to A+

Downgraded rating on Sumitomo Chemical to A+ and J-1

Withdraws BBB+/Stable rating on senior debts of Yonekyu

Removed CM and Affirmed BBB rating on Yorozu

Affirmed AAA/Stable on Tokio Marine Financial Solutions

Affirmed AA on Nitto Denko; Revised outlook to Stable

Removed CM and Upgraded LT rating on Nippon Mining Holdings to A+

Affirms AAA Ratings on Kingdom of Belgium

Assigned A+ and J-1 rating to sr.debts and CP of JX Holdings

Mar. 31, 2010

Assigned AA- to loans/leases receivable from Softbank Mobile

Assigned J-1+ to Teral Bills Receivable ABL10-03

Assigned J-1+ to JUTEC Bills Receivable ABL10-03

Assigned AAA to Showa Leasing Receivable Trust Certificate

Assigned J-1+ to Bills Receivable ABL10-03 (A Corporation in Niigata)

Assigned J-1 to Nohara Bills Receivable ABL10-04

Assigned J-1 to Toda Kogyo Bills Receivable ABL10-03

Assigned J-1 to Molten Bills Receivable ABL10-03

Affirmed BBB+/Stable rating on senior debts of Yasuda Warehouse

Withdraws A-/Stable rating on senior debts of Calsonic Kansei

Removed CM and Downgraded rating on Nippon Yakin Kogyo to BBB-

Withdraws #A-/Positive rating on senior debts of SSP

JCR Affirmed AA/Stable, AA and AA- on sr.debts, EMTN's senior notes and sub.notes of Mitsubishi UFJ Securities
JCR Assigned AA/Stable on sr.debts of Mitsubishi UFJ Securities Spin-off Preparation

Affirmed A+p/Stable on senior debts of Kansai Paint

Withdraws D ratings on senior debts and bonds of Pacific Holdings

Withdraws D ratings on Japan General Estate

Affirmed BBB/Stable on sr.debts of Nagatanien

Mar. 30, 2010

Assigned J-1 to Aso Shoji Bills Receivable ABL10-03

Assigned J-1+ to A&D Bills Receivable Beneficial Interest 10-03

JCR Assigned A-/Stable rating on Sapporo Hokuyo Holdings
JCR Assigned A-/Stable rating on North Pacific Bank

Affirmed J-1+ on CP of Keio Corporation

Affirmed AA+p/Stable rating on West Japan Railway Company

Affirmed AAAp/Stable rating on East Japan Railway

Affirms A-/A (FC/LC) Ratings on Poland with stable outlook

Affirmed J-1 on CP of Nissay Leasing

Mar. 29, 2010

Assigned J-1 to Osaka Steel Tube Bills Receivable ABL10-03

Affirmed A-/Stable and J-1 on Nipro

Downgraded long-term rating on UCS to BBB; Affirmed J-2 on CP

Downgraded long-term rating on Uny to A-; Affirmed J-1 on CP

Withdraws D rating on CP program of ES-CON Japan

Affirmed A on Toho Bank; Revised outlook to Positive

Mar. 26, 2010

Assigned J-1 to Bills Receivable ABL10-03 (B Corporation in Mie)

Affirmed A-/Stable on sr.debts of Ryoden Trading

Affirmed AA/Stable on sr.debts of Kokugakuin University

Assigned preliminary A- rating to shelf of All Nippon Airways

Affirmed A-/Stable and J-1 on sr.debts and CP of Idemitsu Credit

Mar. 25, 2010

Withdraws J-1+ rating on ABCP of Mary Funding

Assigned J-1+ to Chudai Jitugyo Bills Receivable ABL10-03

Assigned J-1 to Kimura Bills Receivable ABL10-03

Withdraws J-1+ rating on ABCP of Arion Funding

Assigned J-1+ to MSNW Trust Certificate Series 10030

Assigned J-1+ to C Corporation Bills Receivable ABL10-03

Assigned J-1 to Medical Fees Receivable ABL10-03 (D Hospital)

Assigned J-1 to Castem Bills Receivable ABL10-03

Affirmed AA-/Stable on Toyota Boshoku

Affirmed A/Stable and J-1 on Mitsumi Electric

Mar. 24, 2010

Assigned J-3 to Monthly Clear Card Shopping Receivable ABL10-03

Upgraded ratings on B,C series yen bonds of MTBC Housing Loan to AAA

Assigned J-1 to Toyoshima Bills Receivable ABL10-03

Assigned AAA ratings to The African Development Bank's notes

Affirmed #A+/Negative, J-1 on Sumishin Matsushita Financial Services

Mar. 23, 2010

Assigned J-1 to Fuji Shokai Bills Receivable ABL10-03

Assigned J-1 to dispensing fees ABL10-03 (Nanba Pharmacy)

Assigned J-1 to Medical Fees Receivable ABL10-03 (Asahikawa Sanai HP)

Placed rating on Unimat Life under Credit Monitor #BBB/Negative

Affirmed A-,J-1 on Osaka Sec. Finance; Revised outlook to Stable

Assigned BBB rating to sub.bonds of Tokyo Star Bank

Mar. 19, 2010

Assigned J-1 to Medical Fees Receivable ABL10-03 (C Hospital)

Assigned J-1 to CATERPILLAR Kyushu Bills ABL10-03

Affirmed A-/Negative rating on Okamura Corporation

Affirmed A-/Stable and J-1 on Nisshin Oillio Group

Affirmed A+p/Stable rating on senior debts of Shimizu Corporation

Affirmed BBB/Stable on Nichias

Assigned pre. #AA-, #A+/Negative to shelf of Sumitomo Trust and Banking

Mar. 18, 2010

Assigned J-1 to Medical Fees Receivable ABL10-03 (I Hospital)

Assigned J-1 to Medical Fees Receivable ABL10-03 (G Hospital)

Assigned A rating to ABL of PORT KEI, LLC

Assigned J-1 to Medical Fees Receivable ABL10-03 (Kyowakai)

Assigned J-1 to Medical Fees Receivable ABL10-03 (J Hospital)

Assigned J-1 to Medical Fees Receivable ABL10-03 (Shuyukai)

Affirmed A/Stable, A and J-1 rating on Sumitomo Heavy Industries

Assigned BBB rating to sub.bonds (Hybrid) of DIC

Assigned BBB rating to subordinated bonds of Nagano Bank

Affirmed BBB-/Stable rating on Harima-Kyowa

Mar. 17, 2010

Assigned J-1 to Medical Fees Receivable ABL10-03 (H Hospital)

Assigned J-1 to Kurashiki Medical Center Beneficial Int. 10-03

Assigned J-1 to dispensing fees ABL10-03 (sun-kur Corporation)

Assigned J-3 to Narasaki Stax Accounts Receivable ABL10-03

Assigned J-1 to Medical Fees Receivable ABL10-03 (E Hospital)

Assigned J-1 to Medical Fees Receivable ABL10-03 (F Hospital)

Affirms AA rating on DnB NOR BANK ASA; Outlook Stable

Assigned AAA to bonds of Aichi Prefecture

Affirms AAA Rating on Kingdom of Norway; Outlook Stable

Mar. 16, 2010

Assigned pre. J-1+ to A&D Bills Receivable Beneficial Interest 10-03

Affirmed A-/Stable, A- and J-1 on Sumitomo Osaka Cement

Affirmed A-/Stable and BBB+ on Minato Bank

Mar. 15, 2010

Assigned J-1+ to Takeda Gen. Hospital Beneficial Interest 10-03

Mar. 12, 2010

Affirmed J-1 rating on CP of Tokyo Associates Finance

Affirmed A- on Chikuho Bank; Revised outlook to Stable

Affirmed A+ and A on Musashino Bank; Revised outlook to Stable