News Release

Jan. 31, 2008: Assigned J-1 to Toda Kogyo Bills Receivable ABL08-01; Assigned J-1 to Aso Shoji Bills Receivable ABL08-01; Assigned J-1+ to Teral Kyokuto Bills Receivable ABL08-01; Assigned J-1 to Molten Bills Receivable ABL08-01; Upgraded Kyoei Kasai Shinrai Life Insurance to A+/Stable; Assigned preliminary A- to shelf registration of Century Leasing System; Affirmed J-1 on CP of Kyodo Leasing; Affirmed A+/Stable on senior debts of Daicel Chemical Industries

Jan. 30, 2008: Assigned J-1 to Nippon Tungsten Bills Receivable ABL08-01; Affirmed A-/Stable and J-1 on sr.debts and CP of Toyobo; Affirmed A+/Stable on sr.debts of Kyoritsu Women's

Jan. 29, 2008: Assigned J-1 to Bills Receivable ABL08-01 (B Corporation in Mie); Assigned J-1 to Osaka Steel Tube Bills Receivable ABL08-01; Upgraded sr.debts of IBJ Leasing to A/Stable from A-/Positive; Affirmed Ap/Stable on senior debts of Toyo Ink Mfg.; Affirmed A-/Stable on senior debts of Nagoya Railroad; Assigned A-/Stable to senior debts of Mori Building

Jan. 28, 2008: Assigned J-1 to SEIBUKIZAI Bills Receivable ABL08-01; Assigned J-1 to Fuji Shokai Bills Receivable ABL08-01; Assigned preliminary BBB to shelf registration of OMC Card; Affirmed A/Stable and J-1 on Tokyo Leasing; Affirmed A+/Negative and J-1 on sr.debts and CP of Aeon Credit Service

Jan. 25, 2008: Assigned J-1+ to MSNW Trust Certificate Series 08010; Assigned J-1 to Bills Receivable ABL08-01 (A Corporation in Aichi); Assigned J-1 to Nakagawa Seitaikako Bills Receivable ABL08-01; Affirmed A-/Stable and J-1 on bonds and CP of Nisshin Oillio Group; JCR Affirms A+/AA- (FC/LC) on Daejeon City; Outlook Positive
JCR Affirmed A+ Ratings on Bonds of Daejeon Riverside Expressway Funding; Affirms A+p/AA-p (FC/LC) ratings on Korea Development Bank; Affirmed A-/Stable on sr.debts of Asahi Fire & Marine Insurance; Upgraded Aeon Kyushu to A/Stable and J-1; JCR Affirmed A+/AA- (FC/LC) Ratings on KEPCO

Jan. 24, 2008: Affirmed BBB+/Stable and J-2 on sr.debts and CP of Tohcello; Assigned preliminary #BB/Negative to shelf registration of NIS Group; Assigned A+ to bonds of Meiji Seika; Assigned AAA to bonds of Tokyo Metro; Affirmed A/Stable on sr.debts of Japan Net Bank

Jan. 23, 2008: Assigned J-1 to healthcare fees ABL08-01 (Asahikawa Sanai HP); Affirmed AA for Canon Marketing Japan; Revised outlook to Positive; Assigned pre.A+; Affirmed A+/Stable and J-1 on Meiji Seika Kaisha; Assigned pre. BBB-; Affirmed BBB-/Stable for Japan Airlines Corporation; Assigned pre. BBB-; Affirmed BBB-/Stable for Japan Airlines Corporation

Jan. 22, 2008: Affirmed A-/Stable and J-1 on sr.debts and CP of Itochu Enex; Affirmed BBB+/Stable on senior debts of Iino Kaiun Kaisha; Affirmed BBB-/Stable and J-2 on sr.debts and CP of Anabuki Construction; Removed CM and upgraded Simplex Investment Advisors to BBB+/Stable; Affirmed A-/Stable and J-1 on sr.debts and CP of Sinanen

Jan. 21, 2008: Assigned A+ to subordinated bonds of Mizuho Bank; Affirmed AA+/Stable on senior debts of Seven-Eleven Japan

Jan. 18, 2008: Assigned J-1 to healthcare fees ABL08-01 (D Hospital); Assigned J-1 to Kurashiki Medical Center Trust Certificates 08-01; Assigned A- to Samurai bonds of Hyundai Capital Services; Assigned pre.A, Affirmed A for Sumitomo Heavy Industries; outlook revised to Positive; Assigned AA to bonds of Nippon Steel; Affirmed BBB/Stable on senior debts of GEO Corporation; Assigned AA- to bonds of Mizuho Corporate Bank

Jan. 17, 2008: Assigned J-1 to healthcare fees receivable ABL08-01 (Kyowakai); Assigns "A" Ratings to Renault's Samurai Bond; Affirmed BBB for Nakayama Steel Works; Revised outlook to Stable; Assigned AA- to bonds of Sumitomo Mitsui Banking; Assigned AA to bonds of Oriental Land; Assigned A- to bonds of Fuji Electric Holdings; Assigned BBB+/Stable to senior debts of Shinsho Corporation; Assigned BBB/Stable to senior debts of Mikuni Corporation; Assigned AA- to bonds of Sumitomo Metal Industries; Assigned J-1 to Aso Shoji Bills Receivable ABL08-01; Assigned AAA to bonds of Kansai Electric Power Company

Jan. 16, 2008: Assigned J-1 to healthcare fees ABL08-01 (E Hospital); Assigned J-1 to healthcare fees receivable ABL08-01 (A Hospital); Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 08-01; Affirmed AA/Stable and J-1+ on sr.debts and CP of Bridgestone; Affirmed A/Stable on senior debts of Wakkanai Shinkin Bank; Affirms AAp rating on National Australia Bank; Withdrawn J-1 rating on CP of Matsumotokiyoshi; Assigned J-1 rating to CP program of Matsumotokiyoshi Holdings; Affirmed AA-/Stable on senior debts of NGK Spark Plug; Affirmed AA-/Stable and AA- on sr.debts and bonds of Tokai Rubber Industries

Jan. 15, 2008: Assigned J-1+ to JUTEC Bills Receivable ABL08-01; Affirmed A+/Stable and J-1 on sr.debts and CP of THK; Upgraded sr.debts of Nippon Yakin Kogyo to BBB/Stable from BBB-/Positive; Upgraded senior debts of TCM to BBB+/Stable from BBB/Stable; Affirms AA Rating on Pohjolan Voima Oy; Outlook Stable; Affirms AA Rating on Teollisuuden Voima Oyj; Outlook Stable; Assigned AA- to bonds of Orix; Assigned J-2 to CP of Pacific Management; JCR Placed rating on SBI Holdings under CM
JCR Placed rating on E*TRADE SECURITTIES under CM
JCR Placed rating on SBI Mortgage under CM

Jan. 11, 2008: Assigned J-1 to healthcare fees receivable ABL08-01 (B Hospital); Assigned preliminary A+ to shelf of Nissan Financial Services; Assigned AA- to bonds of Odakyu Electric Railway ; Affirmed AA-/Stable; Assigned AAA to bonds of National Life Finance; Assigned AA to bonds of Bank of Tokyo-Mitsubishi UFJ; Affirmed A-/Stable on sr.debts of Chikuho Bank; Assigned preliminary A- to shelf registration of Pocket Card

Jan. 10, 2008: Assigned AAA to bonds of Tokyo Electric Power Company; Assigned AAA to bonds of Chugoku Electric Power Company

Jan. 09, 2008: Assigned J-1 to Nohara Bills Receivable ABL08-01; Affirmed J-2 on CP of Meidensha; Affirmed A-/Stable and BBB+ on sr.debts and sub.bond of Daisan Bank; Affirmed BBB for Pacific Industrial; Revised outlook to Positive

Jan. 08, 2008: Assigned preliminary A- to shelf registration of Don Quijote; Removed rating on Towa Real Estate Development from CM and upgraded to A+

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