News Release

Jul. 31, 2009: Affirmed A/Stable on Nissan Chemical; Affirmed BBB-/Stable and BB+ rating on Gifu Bank; Affirms AAA/AA+ and assigns AAA ratings to The African Development Bank's notes

Jul. 30, 2009: Assigned J-1 to A&D Bills Receivable Beneficial Int. 09-07; Assigned J-1 to Aso Shoji Bills Receivable ABL09-07

Jul. 28, 2009: Assigned J-1 to Bills Receivable ABL09-07 (B Corporation in Mie); Downgraded rating on Taiyo Oil from BBB to BBB-; Outlook Stable; Affirmed AA/Stable on Rohm; Affirms A- Ratings on Hyundai Capital Services; Outlook Negative; Assigned A- to bonds of Nagoya Railroad

Jul. 27, 2009: Assigned J-1+ to MSNW Trust Certificate Series 09070; Affirmed A-/Stable on Daido Fire & Marine Insurance; Assigned preliminary A+ to shelf registration of Orix; Affirms AAA Ratings on Inter-American Development Bank (IDB); Outlook Stable; Affirmed AAA/Stable and J-1+ on Okinawa Electric Power Company

Jul. 24, 2009: Assigned J-1 to Medical Fees Receivable ABL09-07 (D Hospital); Assigned J-1 to Nakagawa Seitaikako Bills Receivable ABL09-07; Affirmed BBB-/Stable on Hitachi Zosen; Downgraded rating on Gifu Shinkin Bank to BBB+; Outlook Stable; Affirms BBB/BBB+ ratings on The Republic of Bulgaria with negative outlook; Affirmed A and J-1 on Daido Steel; Revised outlook to Negative; Assigned A+ to bonds of Tokyu Corporation; Assigned A+ rating to bonds of THK; Withdraws BB rating on senior debts of Mitsubishi Motors; Affirms A+/AA- (FC/LC) Ratings on Korea Electric Power; Assigned preliminary AA- rating to sub.bonds of Bank of Tokyo-Mitsubishi UFJ

Jul. 23, 2009: Assigned J-1 to Fuji Shokai Bills Receivable ABL09-07; Affirmed BBB+/Stable on Arisawa Mfg.; Affirmed BBB-/Stable on Okaya Electric Industries; Affirmed A-/Stable on Kato Sangyo

Jul. 22, 2009: Assigned J-1 to Medical Fees Receivable ABL09-07 (Asahikawa Sanai HP); Affirmed A+/Stable on Keiyo Bank; Affirmed J-2 on CP of Asax; Affirmed A+/Stable on Nidec

Jul. 21, 2009: Assigned J-1 to Medical Fees Receivable ABL09-07 (G Hospital); Assigned J-1 to Medical Fees Receivable ABL09-07 (C Hospital); Assigned AA- to bonds of Mizuho Corporate Bank; Upgraded long-term rating for Suntory Holdings to AA; Outlook Stable; JCR Upgraded rating on EMTN of Suntory Holdings to AA
JCR Upgraded rating on EMTN of SUNTORY EUROPE to AA
JCR Upgraded rating on EMTN of SUNTORY CAPITAL to AA; Withdraws BBB and J-2 rating on Shinki; Affirmed A and A- on Eighteenth Bank; Revised outlook to Negative

Jul. 17, 2009: Assigned J-1 to Kurashiki Medical Center Beneficial Int. 09-07; Assigned AA rating to bonds of JFE Holdings; Assigned AA- rating to bonds of Sumitomo Metal Industries

Jul. 16, 2009: Assigned J-1 to Medical Fees Receivable ABL09-07 (H Hospital); Assigned J-1 to Medical Fees Receivable ABL09-07 (I Hospital); Assigned J-1 to dispensing fees ABL09-07 (sun-kur Corporation); Assigned J-1 to Medical Fees Receivable ABL09-07 (Shuyukai); Assigned J-1 to Medical Fees Receivable ABL09-07 (F Hospital); Assigned J-1 to Medical Fees Receivable ABL09-07 (Kyowakai); Assigned A rating to shelf and bonds of Sumitomo Realty & Development; Assigned AAA to bonds of Aichi Prefecture

Jul. 15, 2009: Assigned AA- to a Loan based on Commitment Line under PF Structure; Assigned J-1 to Medical Fees Receivable ABL09-06 (A Hospital); Assigned J-1 to Medical Fees Receivable ABL09-07 (E Hospital); Assigned preliminary J-1 to A&D Bills Receivable Beneficial Int. 09-07; Withdraws J-1+ rating on ABCP of Rabbit Funding; Assigned J-1+ to Takeda Gen. Hospital Beneficial Interest 09-07; Assigned J-1 to Medical Fees Receivable ABL09-07 (A Hospital); Assigned AAA to bonds of Aichi Prefecture; Affirmed BBB rating on Nippon Yakin Kogyo; Outlook remains Negative; Affirmed Ap on Fujikura; Revised outlook to Negative; Assigned BBB rating to bonds of Softbank; Assigned AAA to bonds of Kansai Electric Power; Affirms AAA ratings on Australia: Outlook Stable

Jul. 14, 2009: Assigned AA- to bonds of Mitsui Fudosan; Assigned AA- and A+ to bonds and subordinated bonds of Sumitomo Mitsui Banking; Assigned A to bonds of Mitsui-Soko

Jul. 13, 2009: Assigned J-1 to Medical Fees Receivable ABL09-07 (B Hospital)

Jul. 10, 2009: Assigned J-1 to Hayakawa Rubber Bills Receivable ABL09-07; Assigned AA- to bonds of Odakyu Electric Railway; Assigned A rating to bonds of Marubeni; Affirmed BBB+ rating and Stable outlook on Accordia Golf; Assigned AA- rating to subordinated bonds of Bank of Yokohama; Affirmed A/Stable and A- rating for Nishi-Nippon City Bank; Downgraded rating on Paris Miki Holdings to BBB+; Outlook Stable; Affirmed BBB+/Stable on Pacific Golf Group International

Jul. 09, 2009: Assigned preliminary AA rating to bond of Foundation fund of Nippon Life Insurance; Assigned J-1 to Nohara Bills Receivable ABL09-07; Affirmed BBB+/Stable and J-2 on Nankai Electric Railway; Assigned preliminary BBB+ rating to shelf of Heiwa Real Estate; Assigned preliminary A rating to shelf registration of Marubeni; Assigned AA ratings to bonds of Bank of Tokyo-Mitsubishi UFJ; Assigned AA- to bonds of Asahi Breweries

Jul. 08, 2009: Affirmed BBB and BBB- ratings on Bank of Kochi; Revised outlook to Negative; Assigned AAA to bonds of Tokyo Electric Power Company; Assigned AAA to bonds of Chugoku Electric Power

Jul. 07, 2009: Affirmed BBB on Royal Holdings; Revised Outlook to Negative; Assigned preliminary AA rating to shelf reg. of JFE Holdings; Upgrades Ratings on Republic of Indonesia to BB+/BBB- (FC/LC)

Jul. 06, 2009: Assigned J-1 to Kurashiki Medical Center Trust Certificates 08-07; Downgraded ratings on Fuji Electric Holdings to BBB+ and J-2; Withdraws J-2 rating on domestic CP program of Fukuda Corporation; Assigned preliminary AAA to shelf registration of Electric Power Development

Jul. 03, 2009: JCR Withdraws J-3 on CP program and BB- on MTN Program of Mitsubishi Motors
JCR Withdraws BB- on MTN program of Mitsubishi Motors Credit of America
JCR Withdraws BB- on MTN program of MMC International Finance Netherlands; Downgraded rating on Taiheiyo Cement to BBBp from BBB+p; Assigned preliminary A- rating to shelf of Sumitomo Osaka Cement; Assigned AA+ rating to bonds of Osaka (City of); Assigns AA+ Ratings to Electricite de France's Inaugural Samurai

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