News Release

Feb. 08, 2010: Affirmed A+/Stable; Assigned J-1 to CP of Meiji Holdings; JCR Affirmed BBB and J-2 on Tokai Tokyo Financial Holdings; Revised outlook to Stable
JCR Affirmed BBB and J-2 on Tokai Tokyo Securities; Revised outlook to Stable; Upgraded rating on Mitsui Sugar to A- and J-1; Outlook Stable; Affirmed A+/Stable and J-1 on Meiji Dairies; Affirmed A+/Stable and J-1 rating on Meiji Seika; Placed rating on Nippon Yakin under Credit Monitor Negative

Feb. 05, 2010: Affirmed A+ and J-1 on Aeon Credit; Revised outlook to Negative; Affirmed A and J-1 on Aeon Kyushu; Revised outlook to Negative; Affirmed BBB/Stable rating on Hikari Tsushin; Affirmed A-/Negative rating on AEON Thana Shinsap (Thailand); Withdraws BBB-/Negative rating on sr. debts of Tokyo Lithmatic; Affirmed BBB/Stable on senior debts of Harima Chemicals; Assigned AAA to bonds of Aichi Prefecture; JCR Affirmed A-/Stable on Toyobo
JCR Affirmed BBB on TC Preferred Capital

Feb. 04, 2010: Affirmed A/Stable on senior debts of Air Water; JCR Affirmed AA+/Stable on Seven & I Holdings
JCR Affirmed AA+/Stable on Ito-Yokado; Affirmed AA+/Stable on senior debts of Seven-Eleven Japan; Affirmed BBB- and J-2 on Furukawa; Revised outlook to Stable; Affirmed A+/Stable on Kyoritsu Women's Educational Institution; Affirmed A+ on Oita Bank; Revised outlook to Stable; Affirmed A and A- on Ogaki Kyoritsu Bank; Outlook Stable; Withdraws preliminary A+ rating on shelf of NGK Spark Plug; Affirmed A+ rating on NGK Spark Plug; Revised outlook to Stable

Feb. 03, 2010: Assigned preliminary BBB rating to sub.bonds of Tokyo Star Bank; Downgraded Tokyo Star Bank's rating to BBB+; Outlook Stable; Assigned AA+ rating to bonds of Osaka (City of); JCR Removed CM; Affirmed A-/BBB+/BBB and J-1 on Kansai Urban, Negative Outlook
JCR Removed CM; Upgraded Rating on Biwako Bank from #BBB[Positive] to A-/Negative Outlook; JCR Affirmed BBB on Okasan Securities Group; Revised Outlook to Stable
JCR Affirmed BBB on Okasan Securities; Revised Outlook to Stable

Feb. 01, 2010: Assigned pre. #A/Positive rating to shelf of Mitsubishi Rayon; Assigned AA- to Kokushikan; Outlook Stable; Affirmed AAp Rating on BNP Paribas; Upgrades (FC/LC) ratings on Republic of Turkey to BB; Outlook Stable; Affirmed AAA rating on bonds of Aichi Prefecture; Affirmed A/Stable and J-1 on Krosaki Harima

Jan. 29, 2010: Assigned J-1+ to Teral Bills Receivable ABL10-01; Assigned J-1 to Toda Kogyo Bills Receivable ABL10-01; Assigned J-1+ to A&D Bills Receivable Beneficial Int. 10-01; Assigned J-1 to Molten Bills Receivable ABL10-01; Affirmed AA-/Stable and AA- on Tokai Rubber Industries; Affirmed AA-/Stable and J-1+ on sr.debts and CP of Daibiru; Assigned BBB+ to bonds of Mitsubishi Materials; Assigned preliminary A- rating to bonds of Mori Building; Assigned preliminary A to shelf of Century Tokyo Leasing

Jan. 28, 2010: Assigned J-1+ to JUTEC Bills Receivable ABL10-01; Assigned J-1 to Aso Shoji Bills Receivable ABL10-01; Assigned J-1 to Medical Fees Receivable ABL10-01 (D Hospital); Assigns A+ Rating to Kookmin Bank's Yen Bonds; Assigned AA to bonds of Kansai International Airport; Affirmed BBB+/Stable and BBB+ on Shibusawa Warehouse

Jan. 27, 2010: Assigned J-1 to Bills Receivable ABL10-01 (B Corporation in Mie); Assigned J-1 to Osaka Steel Tube Bills Receivable ABL10-01; Assigned AAA ratings to African Development Bank's notes; Assigned AA+ rating to bonds of Japan Student Services; Upgraded Nippon Mining Holdings to #A; Maintains CM Positive; 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)

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