News Release

Sep. 11, 2007: Assigned BBB/Stable to sr.debts of Penta-Ocean Construction; Assigned BBB+/Stable to senior debts of Daiichi Jitsugyo

Sep. 10, 2007: Affirmed A+/Stable on senior debts of Akita Bank; Upgraded sr.debts of Showa Denko to BBB+/Positive; Assigned BBB-/Stable to senior debts of Gyokushoukai

Sep. 07, 2007: Assigned J-1 to Nohara Bills Receivable ABL07-09; Assigned AA to bonds of Kansai International Airport; JCR Assigned A/Stable and J-1 to sr.debts and CP of Fukuoka Financial Group
JCR Removed CM: Downgraded Bank of Fukuoka to A+/stable,A
JCR Affirmed A/Stable and A- on Kumamoto Family Bank
JCR Removed CM: Upgraded Shinwa Bank to A/stable; Affirmed AA-/Stable on senior debts of Tokyo Electron; Affirmed A/Stable on senior debts of Calsonic Kansei; Assigned BBB+/Stable to sr.debts of OMC Card and affirmed J-2; Affirmed AA-/Stable on sr.debts of Ricoh Leasing; Assigned BBB-/Stable to senior debts of SBI Mortgage; Downgraded rating on CP of Credia to NJ from J-3

Sep. 06, 2007: Assigned pre. A- and A- to shelf and bonds of Heiwa Real Estate; Assigned AA- to bonds of Sumitomo Chemical; Assigned A- to bonds of Nisshin Oillio Group

Sep. 05, 2007: JCR Affirmed AA- on EMTN of Suntory
JCR Affirmed AA- on EMTN of SUNTORY EUROPE
JCR Affirmed AA- on EMTN of SUNTORY CAPITAL; Affirmed BBB/Stable on senior debts of Warabeya Nichiyo; Affirmed AA- on sr.debts of Suntory & Revised outlook to Positive; Assigned AAA to bonds of Chugoku Electric Power; Assigned A- to bonds of Fuji Electric Holdings; Assigned BBB to bonds of Nihon Chouzai; Assigned AA to bonds of HOYA; Assigned AA- to bonds of Mitsubishi Heavy Industries; Affirmed A-/Stable and J-1 on sr.debts and CP of Nabtesco; Assigned AAA to bonds of Kyushu Electric Power

Sep. 03, 2007: Assigned J-1 to Hayakawa Rubber Bills Receivable ABL07-09; Withdrawn A/Stable rating on sr.debts of Nippon Densetsu Kogyo; Affirmed BBB/Stable on senior debts of Hosokawa Micron; Affirmed A/Stable and J-1 on sr. debts and CP of Nichirei; Withdrawn #J-2/Positive rating on CP program of Matsuzakaya

Aug. 31, 2007: Assigned J-1+ to Teral Kyokuto Bills Receivable ABL07-08; Assigned J-1 to Aso Shoji Bills Receivable ABL07-08; Assigned AAA/AA/A to senior beneficiary certificates/loans; Assigned J-1 to Toda Kogyo Bills Receivable ABL07-08; Assigned J-1 to Molten Bills Receivable ABL07-08; JCR Affirmed A+/Stable on senior debts of Nippon Paper Group
JCR Affirmed A+/Stable on senior debts of Nippon Paper Industries; Assigned J-2 to CP of Sumitomo Light Metal Industries

Aug. 30, 2007: Assigned J-1 to MoonStar Bills Receivable ABL07-08; Assigned J-1 to Nippon Tungsten Bills Receivable ABL07-08; Upgraded sr.debts of Nippon Mining Holdings to A-/Stable from BBB+/Stable; Assigned AAA to bonds of Kansai Electric Power Company; Assigned A- to bonds of Nagoya Railroad; Assigned AA- to bonds of Orix; Affirmed J-2 on CP of Tokyu Store Chain; Affirmed J-2 on CP of Kokusai Pulp & Paper; Upgraded sr.debts of Sun Wave to BB+/Stable from BB/Stable

Aug. 29, 2007: Assigned J-1 to Bills Receivable ABL07-08 (B Corporation in Mie); Assigned J-1 to Osaka Steel Tube Bills Receivable ABL07-08; Affirmed A-/Stable on senior debts of Seibu Shinkin Bank; Affirmed BBB/Stable on sr.debts of Yahagi Construction

Aug. 28, 2007: Assigned J-1 to Fuji Shokai Bills Receivable ABL07-08; Assigned J-1 to SEIBUKIZAI Bills Receivable ABL07-08; Affirmed A for Konami Sports & Life; Revised Outlook to Positive; Affirmed A on sr.debts of Konami and Revised outlook to Positive; Affirmed Ap/Stable on senior debts of Hitachi Software Engineering; Affirmed BBB+ for Bank of Kochi and Revised outlook to Negative; Affirmed J-1 on CP of Fuji Electric Finance & Accounting Support; Affirmed A-/Stable on sr.debts of Fuji Electric Holdings

Aug. 27, 2007: Assigned J-1+ to MSNW Trust Certificate Series 07080; Assigned AAA to bonds of Tokyo Electric Power Company

Aug. 24, 2007: Assigned J-1 to healthcare fees ABL07-08 (Asahikawa Sanai HP); Assigned J-1 to Bills Receivable ABL07-08 (A Corporation in Aichi); Affirmed BBB- for Saison Automobile & Fire Insurance Revised outlook to Positive; Affirmed A- for Kawasaki Heavy and Revised outlook to Positive; Upgraded sr.debts and bonds of Mazda Motor to A-/Stable and A-; Affirmed BBB+/Stable on senior debts of Toyo Tire & Rubber; Affirmed BBB+/Stable and J-2 on senior debts and CP of Mitsui Engineering & Shipbuilding

Aug. 23, 2007: Assigned J-1 to healthcare fees receivable ABL07-08 (C Hospital); Affirmed AA+/Stable and J-1+ on sr.debts and CP of Aisin AW; Affirmed J-2 on CP program of Japan Radio; Assigned preliminary AA to shelf registration of Sumitomo Electric Industries; Affirmed BBB/Stable on senior debts of Toho; Affirmed A+/Stable on senior debts of Santen Pharmaceutical; Affirmed BBB for Tamura Corporation and Revised outlook to Positive; Assigned AA/Stable to sr.debts of Mitsubishi UFJ Securities

Aug. 22, 2007: Assigned J-1 to healthcare fees ABL07-08 (D Hospital); Affirmed BBB for Tokai Tokyo Securities and Revised outlook to Positive; Upgraded senior debts of Shimadzu to A+/Stable from A/Positive; Affirrmed AA on Bear Stearns';Revised Outlook to Negative

Aug. 20, 2007: Assigned J-1 to Toyoshima Bills Receivable Certificates/ABL07-08; Assigned J-1 to healthcare fees ABL07-08 (Heiwa & Konbu Onsen); Assigned J-1 to healthcare fees ABL07-08 (E Hospital); Affirmed A-/Stable and A- on sr.debts and bonds of Kintetsu; Affirmed A/Stable and A on sr.debts and Samurai bonds of Renault; Withdrawn #A-/Positive rating on senior debts of Diamond City

Aug. 17, 2007: Assigned J-1 to healthcare fees receivable ABL07-08 (A Hospital); Affirmed A-/Stable and J-1 on sr.debts and CP of Showa Leasing

Aug. 15, 2007: Assigned J-1 to Healthcare Fees Receivable ABL07-08 (Tokachinomori); Assigned J-1 to Healthcare Fees Receivable ABL07-08 (B Hospital); Assigned J-1+ to Takeda General Hospital Trust Certificates 07-08; Assigned AA- to syndicated loan of Mitsubishi UFJ Lease & Finance; Affirmed BBB/Stable on sr.debts of Soken Chemical & Engineering

Aug. 14, 2007: 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, 2007: Assigned J-1 to Healthcare Fees Receivable ABL07-08 (Ishii HP); Affirmed A+/Stable and J-1 on senior debts and CP of JTEKT

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