News Release

Jan. 30, 2009: Assigned J-1+ to Teral Bills Receivable ABL09-01; Assigned J-1 to Molten Bills Receivable ABL09-01; Assigned J-1 to Toda Kogyo Bills Receivable ABL09-01; Withdraws BB+/Negative rating on Touei Housing; Affirmed BBB+/Stable on senior debts of Roland; Affirmed A/Stable and J-1 on Taiyo Nippon Sanso; Withdraws NJ rating on domestic CP program of Pacific Holdings; Affirmed A/Stable on senior debts of Air Water; Assigned preliminary AA-/A+/A to shelf of Mizuho Corporate Bank

Jan. 29, 2009: Assigned J-1+ to Chudai Jitugyo Bills Receivable ABL09-01; Assigned J-1 to Aso Shoji Bills Receivable ABL09-01; Assigned J-1 to SEIBUKIZAI Bills Receivable ABL09-01; Assigned J-1 to Nippon Tungsten Bills Receivable ABL09-01; Affirmed BBB/Stable on senior debts of Harima Chemicals; Affirmed A+/Stable on senior debts of Daicel Chemical Industries

Jan. 28, 2009: Assigned J-1 to Osaka Steel Tube Bills Receivable ABL09-01; Affirmed A+/Stable on Kyoritsu Women's Educational Institution; Affirmed A-/Stable on senior debts of J-OIL MILLS; Assigned AA+ to bonds of Japan Student Services

Jan. 27, 2009: JCR Revised rating outlook on Nomura Holdings to Negative
JCR Revised rating outlook on Nomura Securities to Negative
JCR Revised rating outlook on Nomura Trust and Banking to Negative
JCR Affirmed AA- on Nomura Europe Finance
JCR Affirmed AA- on Nomura Global Funding
JCR Revised rating outlook on Nomura Bank International to Negative; Affirmed BBB+/Stable on senior debts of Iino Kaiun; Affirmed A- and J-1 on Sinanen; Revised outlook to Negative; Affirmed A-/Stable and J-1 on sr.debts and CP of Itochu Enex; Revised rating outlook on Nomura Holdings and Nomura Securities to Negative; Revised rating outlook on Nomura Holdings and Nomura Securities to Negative; Revised rating outlook on Nomura Holdings and Nomura Securities to Negative; Revised rating outlook on Nomura Holdings and Nomura Securities to Negative; Downgraded Pacific HLD rating to #CCC; Revised direction to CM to Negative; Placed NEC Tokin rating BBB+ under Credit Monitor Developing; Revised rating outlook on Nomura Holdings and Nomura Securities to Negative

Jan. 26, 2009: Assigned J-1+ to MSNW Trust Certificate Series 09010; Assigned J-1 to Bills Receivable ABL09-01 (B Corporation in Mie); Assigned J-1 to Bills Receivable ABL09-01 (A Corporation in Aichi); Assigned J-1 to Nakagawa Seitaikako Bills Receivable ABL09-01; Affirmed AA/Stable on sr.debts of Kitami Institute of Technology; Affirmed AA/Stable and J-1+ on sr.debts and CP of Bridgestone; Affirmed AA+/Stable and AA+ on Japan Student Services Organization

Jan. 23, 2009: Assigned J-1 to Fuji Shokai Bills Receivable ABL09-01; Assigned A- to bonds of Kintetsu; Downgraded Daikyo Inc. rating to BBB-; Removed Credit Monitor; Affirmed AA-/Stable and J-1+ on sr.debts and CP of Daibiru; Affirmed AA rating on Nippon Yusen Kabushiki; Revised outlook to Negative; Pacific Holdings rating remains under Credit Monitor Developing #B,#B-

Jan. 22, 2009: Assigned J-1 to healthcare fees ABL09-01 (D Hospital); Affirmed AAA/Stable on sr.debts of Hitotsubashi University; Withdraws A+p rating on Isetan; Affirmed BBB+/Stable and J-2 on Mitsui Sugar; Assigned AAA to bonds of Aichi Prefecture

Jan. 21, 2009: Assigned J-1 to healthcare fees ABL09-01 (Asahikawa Sanai HP); Affirmed J-1+ on CP of Toyota Motor; Affirms AA Rating on Pohjolan Voima Oy; Outlook Stable; Affirms AA Rating on Teollisuuden Voima Oyj; Outlook Stable; Affirmed BBB+/Stable rating on senior debts of Okaya & Co.; Affirmed AA- on Toyota Boshoku; Revised outlook to Stable; Affirmed A-p on Nishimatsu Construction; Revised outlook to Negative

Jan. 20, 2009: Assigned J-1 to Kurashiki Medical Center Trust Certificates 09-01; Assigned J-1 to healthcare fees receivable ABL09-01 (C Hospital); Withdraws A-p/Stable rating on Daimaru; Assigned A/Stable to sr.debts of J.Front Retailing; Affirmed A on Konica Minolta Holdings; Revised outlook to Stable; Assigned preliminary AA and AA to bonds and shelf of Keio Corporation

Jan. 19, 2009: Assigned J-1 to healthcare fees receivable ABL09-01 (Shuyukai); JCR Downgraded Nikko Citi Holdings to #A-/Developing
JCR Downgraded Nikko Cordial Securities to #A-/Developing

Jan. 16, 2009: Assigned J-1 to healthcare fees receivable ABL09-01 (A Hospital); Assigned J-1 to dispensing fees ABL09-01 (sun-kur Corporation); Assigned J-1 to healthcare fees ABL09-01 (E Hospital); Assigned J-1 to healthcare fees ABL09-01 (F Hospital); Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 09-01; Affirmed A/Stable and J-1 on IBJ Leasing; Assigned AAA to bonds of Chugoku Electric Power; Affirmed A and A- on Miyazaki Bank; Revised outlook to Negative; Assigned AA to bonds of Urban Renaissance Agency; Assigned AAA to bonds of Aichi Prefecture; Assigned AAA to bonds of Kyushu Electric Power

Jan. 15, 2009: Assigned J-1 to healthcare fees receivable ABL09-01 (Kyowakai); Affirmed BBB+ on Toyo Tire & Rubber; Revised outlook to Negative; Affirmed BBB on Pacific Industrial; Revised outlook to Negative; Assigned AA/Stable to Toyo University; Assigned AA- to bonds of Sumitomo Mitsui Banking; Affirmed J-2 on CP of Meidensha

Jan. 14, 2009: Assigned J-1 to healthcare fees receivable ABL09-01 (B Hospital); Affirmed BBB+/Stable on Fujikura Kasei; Affirmed A/Stable on First Bank of Toyama; Affirms Ratings on United Mexican States to A-/A+ (FC/LC); Outlook Stable; Affirmed BBB/Stable on Nakayama Steel Works; Affirmed BBB rating on Nippon Yakin Kogyo; Revised outlook to Negative

Jan. 13, 2009: Affirmed BBB on Nippon Fine Chemical; Revised outlook to Stable; Assigned AA+ to bonds of Osaka (City of); Affirmed A-/Stable and J-1 on Orient Corporation; Withdraws A/Stable rating on Nosan Corporation

Jan. 09, 2009: Assigned J-1 to Nohara Bills Receivable ABL09-01; Affirmed J-1+ on CP of JFE Holdings; Assigned AA- to bonds of Odakyu Electric Railway; Affirmed BBB/Stable and J-2 on sr.debts and CP of Okabe; Affirmed A+/Stable and J-1 on THK

Jan. 07, 2009: JCR Affirmed A+ on EMTN of ITOCHU
JCR Affirmed A+ on EMTN of ITOCHU International
JCR Affirmed A+ on EMTN of ITOCHU Finance (Europe)
JCR Affirmed A+ on EMTN of ITOCHU Treasury Centre Asia; Affirmed A+/Stable and J-1 on Itochu; Affirmed A/Stable on Sankei Building; Affirmed BBB+/Stable on sr.debts of Yonekyu

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