News Release

Dec. 05, 2008: Affirmed J-2 on CP program of Shoko; Affirmed BBB/Stable and J-2 on sr.debts and CP of Joshin Denki; Affirmed BBB+/Stable and J-2 on Cosmo Oil; Affirmed AA-/Stable on Mori Hills REIT Investment; Assigned AAA to bonds of Chugoku Electric Power; Downgraded Japan Asia Investment rating to BB+; Removed CM Negative

Dec. 04, 2008: Assigned AAA to bonds of Development Bank of Japan Inc.; Assigned AA- rating to bonds of Mizuho Corporate Bank; Affirmed A-/Stable and J-1 for Parco; Assigned AA+ to bonds of NTT Data; Removed from CM; Affirmed A/Stable on Nippon Car Solutions; Placed the ratings on PTT Exploration and Production Public Company under Credit Monitor; Placed the ratings on PTT Public Company under Credit Monitor; Assigned AAA to bonds of Electric Power Development; Placed rating on Nippon Mining Holdings under Credit Monitor Positive

Dec. 03, 2008: Assigned AA+ to bonds of Osaka (City of); Assigned AA+ to bonds of Osaka (City of); Affirmed A+/Stable on senior debts of Yamagata Bank; Placed the ratings on Thailand under Credit Monitor; Affirmed BBB on Nippon Light Metal; Revised outlook to Negative; Assigns AAA Ratings to The African Development Bank's Senior Notes; Assigned preliminary A+ rating to sub.bonds of Mizuho Bank; Placed rating on AEON Thana Shinsap (Thailand) under Credit Monitor Negative

Dec. 02, 2008: Affirmed AA/Stable on senior debts of SECOM General Insurance; Affirmed A/Stable and J1 on senior debts and CP of Lintec; Assigned preliminary BBB+ to shelf registration of Monex Group; JCR Assigned A+ to bonds of Daiwa Securities Group; Affirmed AA+/Stable on senior debts of SECOM

Dec. 01, 2008: Affirmed A+p/Stable on senior debts of Mitsui Chemicals; Assigned A+ ratings to sub.bonds and shelf of Nomura Holdings

Nov. 28, 2008: Assigned J-1 to Molten Bills Receivable ABL08-11; Assigned J-1+ to JUTEC Bills Receivable ABL08-11; Assigned J-1+ to Teral Kyokuto Bills Receivable ABL08-11; Assigned J-1 to Toda Kogyo Bills Receivable ABL08-11; Assigned preliminary A to shelf registration of Toho Bank; Withdrawn AA/Positive rating on Canon Marketing Japan; Downgraded long-term and CP ratings on UCS to BBB+ and J-2; Affirmed BBB/Stable on senior debts of GEO Corporation; Assigned AA+ to bonds of Japan Water Agency

Nov. 27, 2008: Assigned J-1 to Aso Shoji Bills Receivable ABL08-11; Assigned J-1 to Nippon Tungsten Bills Receivable ABL08-11; Assigned J-1 to SEIBUKIZAI Bills Receivable ABL08-11; Affirmed AA/Stable on senior debts of Toho

Nov. 26, 2008: Assigned J-1 to Osaka Steel Tube Bills Receivable ABL08-11; Assigned J-1 to Bills Receivable ABL08-11 (B Corporation in Mie); Affirmed AA-/Stable on sr.debts of Nippon Electric Glass; Assigned AA+ to bonds of Osaka (City of); Assigned AA rating to bonds of Nippon Steel; Assigned AAA to bonds of NTT DoCoMo; Affirms A+ Ratings to Central American Bank for Economic Integration, outlook stable; Affirmed J-1 on CP of Mitsubishi Plastics; Assigned AAA to bonds of Kyushu Electric Power; Upgraded Pacific Holdings to #B/Positive; rating remains under CM; Downgraded rating on Prospect Residential Investment to BBB+/Negative

Nov. 25, 2008: Assigned J-1+ to MSNW Trust Certificate Series 08110; Assigned J-1 to Fuji Shokai Bills Receivable ABL08-11; Assigned preliminary A+ to shelf registration of THK; Affirmed BBB/Stable on senior debts of Namura Shipbuilding; Downgrades GMAC to #CCC/Negative; Affirmed A on EMTN of BOT Lease; JCR Rating on Nikko Citi Holdings still under Credit Monitor #A+/Negative
JCR Rating on Nikko Cordial Securities still under Credit Monitor #A+/Negative
JCR Rating on NikkoCiti Trust and Banking still under Credit Monitor #A+/Negative

Nov. 21, 2008: Assigned J-1 to Bills Receivable ABL08-11 (A Corporation in Aichi); Affirmed AA on bonds of SCB Securitization; Affirmed BBB/Stable on senior debts of Tokushu Tokai Holdings; Downgraded long-term rating on Elpida Memory to BBB/Negative; Affirmed AA- on Shinkin Guarantee Fund; Revised outlook to Negative; Affirmed AAA on Shinkin Central Bank; Revised outlook to Negative; Assigned AAA to bonds of Tokyo Electric Power Company

Nov. 20, 2008: Assigned J-1 to healthcare fees ABL08-11 (Asahikawa Sanai HP); Assigned J-1+ to Chudai Jitugyo Bills Receivable ABL08-11; Assigned J-1 to healthcare fees ABL08-11 (D Hospital); Affirmed A on Nifco; Revised outlook to Stable from Positive; Affirmed J-2 on CP of Mitsubishi Materials; Assigned AAA to bonds of Kansai Electric Power; Placed rating on Vital-Net under Credit Monitor Positive (#BBB); Assigned AAA to bonds of Kyushu Electric Power; Assigned AA- to bonds of Orix

Nov. 19, 2008: Assigned J-1 to healthcare fees receivable ABL08-11 (C Hospital); Assigned AAA to bonds of Tokyo Electric Power Company

Nov. 18, 2008: Assigned J-1 to dispensing fees ABL08-11 (sun-kur Corporation); Assigned J-1 to healthcare fees ABL08-11 (E Hospital); Assigned J-1 to healthcare fees ABL08-11 (F Hospital); Affirmed A/Stable and A on sr.debts and bonds of Hokuetsu Paper Mills

Nov. 17, 2008: Assigned J-1 to Kurashiki Medical Center Trust Certificates 08-11; Assigned J-1 to healthcare fees receivable ABL08-11 (Shuyukai); JCR Affirmed AA-/Stable on Mitsui O.S.K. Lines; Affirmed A/Stable and J-1 on sr.debts and CP of Kawasaki Kisen; Affirmed A/Stable on senior debts of Calsonic Kansei; JCR Assigned AA- to euroyen notes of Mitsui O.S.K. Finance Plc; JCR Affirmed AA- on EMTN of Mitsui O.S.K. Lines
JCR Affirmed AA- on EMTN of Euromol; Affirmed BBB/Positive on Chiba Kogyo Bank; Affirmed A on Aomori Bank; Revised outlook to Negative; Removed CM (Negative) and affirmed BBB-/Stable on Towa Bank

Nov. 14, 2008: Assigned J-1 to healthcare fees receivable ABL08-11 (A Hospital); Assigned J-1 to healthcare fees receivable ABL08-11 (Kyowakai); Affirmed A+/Stable on sr.debts of Yokogawa Electric; Placed rating on Aozora Bank under Credit Monitor Negative; Affirmed A-/Stable and J-1 on Tsubakimoto Chain; Assigned AAA to bonds of Chugoku Electric Power; Assigned AA+ to bonds of Japan Student Services Organization

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