News Release

Aug. 19, 2008: Assigned preliminary AA to specified bond of Nissay 2008 Fund SPC; Affirms BBB+ (FC/LC) Ratings on Export-Import Bank of India; Outlook Stable; Affirms BBB+ (FC/LC) Ratings on Republic of India; Outlook Stable

Aug. 18, 2008: Assigned J-1 to Kurashiki Medical Center Trust Certificates 08-08; Assigned J-1 to healthcare fees receivable ABL08-08 (Shuyukai); Assigned J-1 to dispensing fees ABL08-08 (sun-kur Corporation); Assigned J-1 to healthcare fees ABL08-08 (E Hospital); Assigned preliminary AA to specified bond of Nissay 2008 Fund SPC; Affirmed AA+p/Stable on sr.debts of Nippon Life Insurance

Aug. 14, 2008: Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 08-08; Assigned J-1 to healthcare fees receivable ABL08-08 (Kyowakai); Affirmed A+/Stable on sr.debts of JSF Trust & Banking; Affirmed AA-/Stable and J-1+ on sr.debts and CP of Japan Securities Finance

Aug. 13, 2008: Assigned J-1 to healthcare fees receivable ABL08-08 (A Hospital); Downgraded ratings on Urban to D

Aug. 12, 2008: Assigned J-1 to healthcare fees receivable ABL08-08 (B Hospital); Affirmed BBB/Stable on sr.debts of Japan Asia Investment

Aug. 11, 2008: Assigned J-1 to Hayakawa Rubber Bills Receivable ABL08-08; JCR Affirmed AA- on EMTN of ORIX
JCR Affirmed AA- on EMTN of ORIX AUSTRALIA (SECURITIES)
JCR Affirmed AA- on EMTN of ORIX (CARIBBEAN)
JCR Affirmed AA- on EMTN of ORIX USA; Affirmed A/Stable and J-1 on senior debts and CP of Heiwado; Affirmed A+/Stable on sr. debts of Sumitomo Metal Mining

Aug. 08, 2008: Assigned J-1 to Nohara Bills Receivable ABL08-08; JCR Affirmed BB/Stable, BB- and J-3 on Mitsubishi Motors
JCR Affirmed BB- on Mitsubishi Motors Credit of America
JCR Affirmed BB- on MMC International Finance Netherlands; Assigned preliminary AAA to shelf of Kansai Electric Power Company

Aug. 07, 2008: Affirmed A/Stable on sr.debts of Mitsui Mining & Smelting; Assigned A/Stable rating to sr.debts of Yodogawa Christian Hospital; Affirms BBB+/A- FC/LC Ratings on Bulgaria; Assigned AA+ to bonds of Osaka (City of); Assigned AAA to bonds of Development Bank of Japan; Assigned AA- to subordinated bonds of Bank of Tokyo-Mitsubishi UFJ

Aug. 06, 2008: Affirmed A- rating on Kita-Nippon Bank; changed Outlook to Stable; Affirmed A/Stable on sr.debts of Nissan Chemical Industries; Assigned A+ to bonds of Mitsubishi Chemical; Assigned AAA to bonds of Chugoku Electric Power Company; Assigned AA+ to bonds of Osaka (City of)

Aug. 05, 2008: Assigned A to bonds of Marubeni; Affirmed A-/Stable rating on sr.debts of Akebono Brake Industry

Aug. 04, 2008: Downgrades GMAC to #B/Negative; JCR Affirmed AA- on EMTN of Mizuho Securities
JCR Affirmed AA- on EMTN of Mizuho International

Aug. 01, 2008: Affirmed A+/Stable and J-1 on sr.debts and CP of Sumitomo Bakelite; JCR Affirmed AA on Euro Note Programme of Nomura Europe Finance; JCR Affirmed AA and AA- on EMTN of Nomura Bank International; Affirmed BBB+ on CAC Corporation; changing outlook to Stable; Affirmed J-1+ on CP of Mitsui Sumitomo Insurance; Affirmed BBB-/Stable on senior debts of Airtech Japan

Jul. 31, 2008: Assigned preliminary AAA to ABL on auto leases receivable; Assigned J-1+ to Teral Kyokuto Bills Receivable ABL08-07; Assigned J-1 to Molten Bills Receivable ABL08-07; Assigned J-1 to Toda Kogyo Bills Receivable ABL08-07; Withdrawn BBB-/Stable rating on sr.debts of Meito Transportation; Withdrawn #BBB/Positive rating on Matsuzakaya; Withdrawn AA+/Stable and J-1+ on sr.debts and CP of Aisin AW

Jul. 30, 2008: Assigned J-1 to Toyoshima Bills Receivable ABL08-07; Assigned J-1 to Nippon Tungsten Bills Receivable ABL08-07; Assigned J-1 to Aso Shoji Bills Receivable ABL08-07; Assigned preliminary AA- to shelf registration of Sumitomo Chemical; Affirmed BBB on Gifu Bank, changing outlook to Negative

Jul. 29, 2008: Assigned J-1 to Osaka Steel Tube Bills Receivable ABL08-07; JCR Affirmed A on EMTN of Marubeni
JCR Withdrew A on EMTN of Marubeni International Finance
JCR Affirmed A on EMTN of Marubeni Europe
JCR Affirmed A on EMTN of Marubeni Finance Holland

Jul. 28, 2008: Assigned J-1 to Bills Receivable ABL08-07 (B Corporation in Mie); Assigned preliminary AAA to shelf registration of Chugoku Electric Power Company

Jul. 25, 2008: Assigned J-1+ to MSNW Trust Certificate Series 08070; Assigned J-1 to Bills Receivable ABL08-07 (A Corporation in Aichi); Assigned J-1 to SEIBUKIZAI Bills Receivable ABL08-07; Affirmed A/Stable and J-1 on sr.debts and CP of Yokohama Rubber; Downgraded senior debts of Bank of Kochi to BBB; Affirms A- (FC) Ratings on Hyundai Capital Services; Outlook Positive; Assigned AAA to bonds of Development Bank of Japan; Affirmed BBB/Stable on senior debts of Biwako Bank; Affirmed AAp Rating on BNP Paribas

Jul. 23, 2008: Assigned J-1 to healthcare fees ABL08-07 (Asahikawa Sanai HP); Assigned J-1 to dispensing fees receivable ABL08-07 (sun-kur Corporation); Assigned J-1 to healthcare fees ABL08-07 (D Hospital); Affirmed AA+ Ratings on The Province of Quebec with stable outlook; Assigned A- to bonds (gtd. by Hankyu & Hanshin Electric Railway) of Hankyu Hanshin Holdings; Downgraded Sankyo-Tateyama Holdings to BBB-; Changed outlook to Stable

Jul. 22, 2008: Assigned J-1 to healthcare fees receivable ABL08-07 (C Hospital); Assigned A-/Stable to sr. debts of Kyodo Leasing; Downgraded Goodwill Group to #B+/Negative; Continues CM; Removed from CM and upgraded rating for Cosmo Securities to BBB/Stable; Affirmed BBB/Stable on senior debts of Toho

Jul. 18, 2008: Assigned preliminary AAA to shelf registration of Kyushu Electric Power Company; Assigned BBB to bonds of Sojitz; Affirmed A+/Stable on senior debts of Nidec; Affirmed A- rating/Stable on Makino Milling Machine; Assigned A- to bonds of Makino Milling Machine; Downgraded ratings on Zephyr to D

Jul. 17, 2008: Assigned J-1 to healthcare fees ABL08-07 (F Hospital); Assigned J-1 to Kurashiki Medical Center Trust Certificates 08-07; Assigned A+ to bonds of Kobe Steel; Assigned preliminary AA- to subordinated bonds of Bank of Tokyo-Mitsubishi UFJ

Jul. 16, 2008: Assigned J-1 to healthcare fees ABL08-07 (E Hospital); Assigned J-1 to healthcare fees receivable ABL08-07 (Shuyukai); Assigned J-1 to healthcare fees receivable ABL08-07 (Kyowakai); Assigned J-1 to healthcare fees receivable ABL08-07 (A Hospital); Placed rating on Medca Japan under Credit Monitor #BB-(Negative); Downgraded ratings on Zephyr to #B+/Negative; Assigned AAA to bonds of Tokyo Electric Power Company

Jul. 15, 2008: Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 08-07

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