News Release

Aug. 20, 2015

JCR Affirmed A/Stable and J-1 on HEIWADO

JCR Affirmed AA/Stable and AA on Industrial & Infrastructure Fund

Aug. 19, 2015

Assigned Pre A to Kurimoto Mega Solar Proj. Ben.Int/Trust ABL

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-08 (F Hospital)

JCR Assigned Preliminary A- Rating to Shelf Reg. of FUJI ELECTRIC

Aug. 18, 2015

JCR Affirmed BBB+/Stable LT Issuer Rating on Maruzen Petrochemical

Aug. 17, 2015

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 15080

JCR Affirmed AA-/Stable, AA- and Preliminary AA- on Global One

JCR Affirmed AA+p/Stable Long-term Issuer Rating on Astellas Pharma

Aug. 14, 2015

JCR Affirmed AA/Stable Long-term Issuer Rating on Iyo Bank

Aug. 13, 2015

JCR Affirmed AAAp/Stable Long-term Issuer Rating on JR East

JCR Affirmed AA+p/Stable Long-term Issuer Rating on JR West

JCR Assigned AAA and Affirmed AAA/AA+ for AfDB with Stable Outlook

Aug. 12, 2015

SUMITOMO LIFE INSURANCE to Acquire Middle-sized U.S. Life Insurer

JCR Affirmed BBB-/Stable and J-2 on Financial Products Group

Aug. 11, 2015

JCR Affirmed A-/Stable, A-, Preliminary A- and J-1 on Central Glass

Aug. 10, 2015

JCR Affirmed BBB on SAGA KYOEI BANK; Revised Outlook to Negative

JCR Placed Rating on JAPAN VILENE under Credit Monitor (Positive)

JCR Affirmed BBB, J-2 on MEIDENSHA; Revised Outlook to Positive

Aug. 07, 2015

[ Asset Securitization Products ]JCR Assigned J-1+ to ABCP Program of Super Trust 1, LLC

JCR Withdraws BBB-/Negative Long-term Issuer Rating on Tokushinkai

JCR Assigned A Rating to Bonds of MORI BUILDING

JCR Affirmed BBB+/Stable, BBB+, Preliminary BBB+ and J-2 on MES

JCR Affirmed A+ on EMTN of Marubeni
JCR Affirmed A+ on EMTN of Marubeni Finance Europe

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed AA-/Positive, AA-, Pre AA- and J-1+ on Mitsubishi Heavy

Aug. 06, 2015

JCR Assigned Pre BBB+ to Shelf of PGM HLD; Affirmed BBB+/Stable

JCR Affirmed BBB+/Stable and BBB on TOMATO BANK

JCR Assigned A+ Ratings to Bonds of Daiwa Securities Group

JCR Affirmed BB+/Stable Rating on YAMADA SERVICER SYNTHETIC OFFICE

JCR Affirmed S3 Special Servicer Rating on YAMADA SERVICER

JCR Assigned AA Ratings to Bonds of Chubu Electric Power

JCR Assigned A-/Stable Long-term Issuer Rating to MAEDA CORPORATION

Aug. 05, 2015

JCR Assigned AA- to Specified Bonds of Nissay 2015 Fund SPC

JCR Affirmed A- on NEXON; Revised Outlook from Stable to Positive

JCR Downgraded Ratings on Italy from AA- to A+ with Stable Outlook

JCR Affirmed A/A (FC/LC) Ratings on Portugal with Stable Outlook

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Keiyukai

Aug. 04, 2015

TAIHEIYO CEMENT Is to Acquire A Cement Business in US

JCR Affirmed A Rating on OSG; Revised Outlook to Positive

JCR Assigned BBB- Rating to JPY Bonds to Be Issued by Indonesia

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Aug. 03, 2015

JCR JCR Affirmed AA- Ratings on EMTN Programs of Nomura Bank International
JCR Affirmed AA- Ratings on EMTN Programs of Nomura Europe Finance

JCR Affirmed A/Stable, A- and A- Rating on Ogaki Kyoritsu Bank

JCR Removed CM; Upgraded NSS TEXENG. to A+ with Stable Outlook

Jul. 31, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corp. Bills Rec. ABL15-07

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL15-07

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL15-07

JCR Assigned Pre. A Rating to Shelf Reg. of Nippon Paper Industries

JCR Assigned A Rating to Subordinated Loan of Suntory Holdings

Jul. 30, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL15-07

JCR Assigned Pre. A+ Rating to Shelf Registration of JX Holdings

Idemitsu Kosan's Partial Acquisition of Stake in SHOWA SHELL

JCR Assigned Pre. BBB- Rating to Shelf Reg. of ZENSHO HOLDINGS

JCR Affirmed A+/Stable, A+, Pre. A+ and J-1 Rating on Meiji Holdings

Jul. 29, 2015

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corp. Bills Rec. ABL15-07

JCR Assigned A+ Ratings to Bonds of J. FRONT RETAILING

JCR Affirmed AAA (FC)/AAA (LC) Ratings on EDC with Stable Outlook

JCR Affirmed A/Stable, A, BBB+ and Pre. A Rating on MORI BUILDING

JCR Affirmed BBB+/Stable Rating on HEIWA REAL ESTATE

JCR Affirmed A+/Stable and Preliminary A+ Rating on AIR WATER

Jul. 28, 2015

JCR Upgraded Rating on GS Yuasa to A-/Stable and J-1

JCR Affirmed BBB+/Stable Long-term Issuer Rating on FUJIKURA KASEI

Jul. 27, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-07 (D Hospital)

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 15070

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly-Clearable Card Shopping Rec. ABL15-07

JCR Affirmed BBB+ and Pre. BBB+ on HIKARI TSUSHIN; Outlook Positive

JCR Affirmed A/Stable Long-term Issuer Rating on H2O RETAILING

JCR Affirmed A-/Stable on Takeda Healthcare Foundation

Jul. 24, 2015

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL15-07

JCR Affirmed AA- on Commitment Line of PASMO

[ Asset Securitization Products ] JCR Assigned J-1+ to D Corporation Bills Receivable ABL15-07

JCR Affirmed A-/Stable, A- and J-1 on PENTA-OCEAN CONSTRUCTION

JCR Affirmed BBB+ Rating on KOHNAN SHOJI; Revised Outlook to Stable

Meiji Yasuda Life Insurance to Acquire Middle-sized U.S. Life Insurer

Jul. 23, 2015

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL15-07

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Trust Bank

JCR Removed CM, Downgraded Russia to BB+ with Negative Outlook

JCR Affirmed A-/Stable, A- and Preliminary A- on Mazda Motor

JCR Assigned J-2 Rating to CP of JALUX

JCR Assigned A- Rating to Undated Subordinated Bonds of SMFG

JCR Affirmed A-/Stable and A- on YOKOHAMA REITO

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

JCR Affirmed AA- Rating on EMTN of Suntory Holdings
JCR Affirmed AA- Rating on EMTN of SUNTORY EUROPE
JCR Affirmed AA- Rating on EMTN of SUNTORY CAPITAL AMERICA

JCR Affirmed AA-/Stable, AA-, A, A and J-1+ Rating on Suntory HD

JCR Affirmed AA-/Stable, AA-, AA- and J-1+ Rating on Suntory B&F

Jul. 22, 2015

JCR Assigned A Rating to Bonds of Japan Rental Housing Investments

JCR Affirmed A+/A+ (FC/LC) Ratings on Slovakia

JCR Affirmed AAA Ratings on LBBW

JCR Affirmed BBB+/Stable Rating on CAC Holdings

Jul. 21, 2015

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL15-07

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-07 (F Hospital)

JCR Affirmed BBB-/Stable on ISHIHARA SANGYO

JCR Affirmed A/Stable Long-term Issuer Rating on KATO SANGYO

Jul. 17, 2015

JCR Affirmed BBB- and J-2 on TOKYO DOME; Revised Outlook to Positive

JCR Assigned BBB+ Rating to Undated Sub. Bonds of Mizuho Financial Group

JCR Assigned A-/Pre A- to Bonds/Shelf of Nishimatsu Construction

JCR Assigned A- Ratings to Bonds of Orient Corporation

Jul. 16, 2015

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 15070