Monthly Ratings

Designate the Year & Month

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Newly Assigned

	Issuer	Bonds	Rating	Date
Resona Bank (Saitama Resona Bank)		[ Asset Securitization Products ] preliminary (Saitama Resona Bank A Corporation bills receivable senior beneficial interest 12-02)	J-1+	Feb 09, 2012
Nomura Real Estate Residential Fund		bonds no.2	AA	Feb 08, 2012
Development Bank of Japan		bonds no.22,23	AAA	Feb 08, 2012
Aichi Prefecture		Aichi-kenmin bonds no.23-2	AAA	Feb 08, 2012
Progress Funding		[ Asset Securitization Products ] medical treatment fees receivable ABL12-02 (D Hospital)	J-1	Feb 08, 2012
J.Front Retailing		preliminary (shelf reg.)	A	Feb 07, 2012
Bank of Tokyo-Mitsubishi UFJ		callable bonds no.36 (sub.)	AA-(sub.)	Feb 03, 2012
Aichi Prefecture		bonds no.23-18 (7yr.)	AAA	Feb 03, 2012
Kookmin Bank		yen bonds no.5,6	A+	Feb 02, 2012
IBJL-TOSHIBA Leasing		senior debts CP	A / Stable J-1	Feb 01, 2012

Reviewed

	Issuer	Rating	Date
FIDEA Holdings		BBB+ / Stable	Feb 09, 2012
Shonai Bank		BBB+ / Stable BBB(sub.)	Feb 09, 2012
Hokuto Bank		BBB / Stable	Feb 09, 2012
Nippon Meat Packers		A+ / Stable J-1	Feb 09, 2012
Nomura Real Estate Residential Fund		AA / Stable	Feb 08, 2012
Kansai Paint		A+p / Stable	Feb 08, 2012
Orient Corporation		A- / Stable J-1	Feb 08, 2012
Yamazen		BBB+ / Stable	Feb 07, 2012
Seven-Eleven Japan		AA+ / Stable	Feb 07, 2012
Seven & i Holdings		AA+ / Stable	Feb 07, 2012
Oriental Land		AA / Stable	Feb 07, 2012
Mitsubishi Electric Credit		BBB+ / Stable J-2	Feb 03, 2012
Elpida Memory		BBB / Stable => #BBB / Negative J-2 => #J-2 / Negative	Feb 02, 2012
SUMCO		A => A- / Negative J-1	Feb 02, 2012
Nippon Fine Chemical		BBB / Stable	Feb 02, 2012
Nippon Sheet Glass		BBB+ / Stable => #BBB+ / Negative	Feb 02, 2012
Krosaki Harima		A / Stable J-1	Feb 02, 2012
Korea (Republic of)		A+ / Stable AA- / Stable	Feb 02, 2012
Daido Fire & Marine Insurance		A- / Stable => Negative	Feb 02, 2012
Singapore (Republic of)		AAA / Stable	Feb 01, 2012
Royal Holdings		BBB / Negative => Stable	Feb 01, 2012
Sharp		AA => #AA / Negative	Feb 01, 2012
IBJ Leasing		A / Stable J-1	Feb 01, 2012

Credit Monitor Placed

	Issuer	Rating	Date
Nippon Sheet Glass		#BBB+ / Negative	Feb 02, 2012
Elpida Memory		#BBB / Negative #J-2 / Negative	Feb 02, 2012
Sharp		#AA / Negative	Feb 01, 2012

Credit Monitor Removed

	Issuer	Date of Lift
no Credit Monitor Removed.

Withdrawn

	Issuer	Bond	Rating	Date
no Withdrawn.