News Release

Jan. 27, 2010: Affirmed A-/Stable and J-1 on Tsubakimoto Chain; Downgraded ratings on Willcom to #C; Maintains on CM Negative; Assigned A rating to bonds of Sumitomo Realty & Development

Jan. 25, 2010: Assigned J-1+ to MSNW Trust Certificate Series 10010; Assigned J-1 to Fuji Shokai Bills Receivable ABL10-01; Assigned A- rating to subordinated bonds of Shimizu Bank

Jan. 22, 2010: Assigned J-3 to Monthly Clear Card Shopping Receivable ABL10-01; Affirmed BBB+/Stable on senior debts of Iino Kaiun; Assigned A to bonds of Acom; Downgraded long-term rating of Kawasaki Kisen to A- from A; Affirmed A/Stable on sr.debts of Japan Net Bank; Assigned A to bonds of Hankyu Hanshin Holdings; Affirmed A+/Stable and J-1 on THK; Affirmed A-/Stable and J-1 on Orient Corporation; Assigned AA- rating to Benesse Holdings, Inc.; Outlook Stable

Jan. 21, 2010: Assigned J-1 to dispensing fees ABL10-01 (Nanba Pharmacy); Assigned J-1 to Castem Bills Receivable ABL10-01; Assigned J-1 to Medical Fees Receivable ABL10-01 (Asahikawa Sanai HP); Assigned J-1 to Medical Fees Receivable ABL10-01 (G Hospital); Assigned BBB+ to subordinated bonds of Hokuetsu Bank; Affirmed A- on Nagoya Railroad; Revised outlook to Negative; Assigned pre. #A-/Positive rating to shelf of Cedyna Financial; Affirms A+/AA- (FC/LC) Ratings on Industrial Bank of Korea (IBK); Assigned BBB+ rating to bonds of Heiwa Real Estate; Assigned AA- to bonds of Mizuho Corporate Bank; Assigned AA to Kanagawa University; Outlook Stable

Jan. 20, 2010: Assigned preliminary J-1+ rating to A&D Bills Receivable Beneficial Int. 10-01; Assigned J-1 to Medical Fees Receivable ABL10-01 (C Hospital); Affirmed BBB on Pacific Industrial; Revised outlook to Stable; Affirmed AA+/Stable and AA+ on Japan Student Services; Assigned AA rating to bonds of Bank of Tokyo-Mitsubishi UFJ

Jan. 19, 2010: Assigned J-1 to Kurashiki Medical Center Beneficial Int. 10-01; Assigned J-1 to Medical Fees Receivable ABL10-01 (I Hospital); Assigned J-1 to Medical Fees Receivable ABL10-01 (Shuyukai); Downgraded rating on Japan Airlines International to D; Downgraded rating on Japan Airlines to D; Affirmed BBB+/Stable and J-2 on San-Ai Oil; Affirmed A-/Stable and J-1 on sr.debts and CP of Itochu Enex

Jan. 18, 2010: Assigned J-1 to Medical Fees Receivable ABL10-01 (H Hospital); Assigned J-1 to Medical Fees Receivable ABL10-01 (J Hospital); Assigned J-1 to Medical Fees Receivable ABL10-01 (F Hospital); Assigned J-1 to Medical Fees Receivable ABL10-01 (E Hospital); Assigned J-3 to Narasaki Stax Accounts Receivable ABL10-01; Assigned J-1 to dispensing fees ABL10-01 (sun-kur Corporation); Assigned J-1 to Medical Fees Receivable ABL10-01 (Kyowakai); Affirmed BBB/Stable on Nippon Fine Chemical; Assigned A/Stable to senior debts of Square Enix Holdings

Jan. 15, 2010: Assigned J-1+ to Takeda Gen. Hospital Beneficial Interest 10-01; Assigned AA+ rating to bonds of Osaka (City of); Assigned BBB+ rating to bonds of Tobu Railway; Affirmed BBB+ and J-2 on Nippon Sheet Glass; Outlook Negative; Affirmed BBB/Stable and J-2 on sr.debts and CP of Okabe; Assigned AAA to bonds of Aichi Prefecture; Affirms BBB-/BBB ratings on Romania with negative outlook; Removed Credit Monitor and Affirmed A+ Rating on AIG Edison Life Insurance

Jan. 14, 2010: Assigned A+ to bonds of Orix; Assigned AA- rating to bonds of Ricoh Leasing; Affirmed A/Stable and J-1 on Nippon Car Solutions; Assigned AAA to bonds of Kansai Electric Power Company; Assigned AAA to bonds of Aichi Prefecture; Affirmed A and A- rating on Shimizu Bank; Outlook Stable; Assigned preliminary A- rating to shelf of Pocket Card

Jan. 13, 2010: Assigned J-1 to Medical Fees Receivable ABL10-01 (B Hospital); JCR Affirms A+/AA- (FC/LC) on Daejeon City; Outlook Stable
JCR Affirmed A+ Ratings on Bonds of Daejeon Riverside Expressway Funding; Downgraded ratings on Kenedix Realty Investment to A; Outlook Stable; Assigned AA- to bonds of Hitachi Capital; Downgraded rating on Japan Airlines to #C/Negative; Maintains it on CM; Downgraded ratings on Best Denki to BB; Outlook Stable; Downgraded Japan Airlines International to #C/Negative; Maintains on CM

Jan. 12, 2010: Affirmed J-2 on CP of Meidensha; Assigned preliminary BBB+ rating to shelf reg. of Mazda Motor; Affirmed A/Stable, A and J-1 on Century Tokyo Leasing Corporation; Affirmed A/Stable on Konica Minolta Holdings

Jan. 08, 2010: Assigned J-1 to Nohara Bills Receivable ABL10-01; Affirmed BBB on Nakayama Steel Works; Outlook Negative; Withdraws J-2 rating on domestic CP program of ShinGinko Tokyo; Assigned AA- rating to bonds of Odakyu Electric Railway; Withdraws BBB-/Negative rating on senior debts of Fukuda; Downgraded Japan Airlines International to #CCC/Negative; Maintains on CM; Downgraded rating on Japan Airlines to #CCC/Negative; Maintains it on CM

Jan. 07, 2010: Affirmed A/Stable, A and J-1 on Minebea; Affirmed A+/Stable on senior debts of Santen Pharmaceutical; Affirmed AA-/Negative on JS Group Corporation; Affirms AA Rating on Teollisuuden Voima Oyj; Outlook Stable; Affirmed A+/Stable on sr.debts of Kyoei Fire & Marine Insurance; Assigned AA+ rating to bonds of Osaka (City of); Upgraded rating on Kappa Create to BBB; Outlook Stable; Placed Cedyna Financial's ratings under Credit Monitor Positive; Affirms AA Rating on Pohjolan Voima Oy; Outlook Stable

Jan. 05, 2010: Affirmed BBB/Stable on senior debts of GEO Corporation; Affirmed A-/Stable on senior debts of Tomakomai Shinkin Bank

Jan. 04, 2010: Assigned J-1 to Molten Bills Receivable ABL09-12; Maintains Credit Monitor on Series 4 Synthetic CDO #A-/Negative; Assigned preliminary AAA to shelf of Tokyo Electric Power Company

Dec. 29, 2009: Withdraws A-/Negative and J-1 rating on Asahi Broadcasting; JCR Affirmed A/Stable and J-1 on Fukuoka Financial Group
JCR Affirmed A+/Stable on senior debts of Bank of Fukuoka
JCR Affirmed A/Stable and A- on Kumamoto Family Bank
JCR Affirmed A/Stable on Shinwa Bank; Affirmed BBB/Negative rating on Belluna

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