News Release

Mar. 10, 2015

JCR Affirmed A+/Stable and A+ on EXEDY Corporation

JCR Affirmed BBB/Stable Long-term Issuer Rating on SHINNIHON CORPORATION

JCR Assigned A+ Rating to Bonds of Bank of Nagoya

Mar. 09, 2015

JCR's Opinion on Sompo Japan Nipponkoa's Capital Participation in SCOR

JCR Affirmed A+/Stable Long-term Issuer Rating, A+ Rating on Bonds and Preliminary A+ Rating on Shelf Registration of Kenedix Office Investment

Mar. 06, 2015

JCR Assigned A- Rating to Bonds of OKAMURA CORPORATION

JCR Assigned A+ Rating to Bonds of Don Quijote Holdings

Mar. 05, 2015

JCR Assigned A Rating to Subordinated Bonds (Tier 2 with contractual point of non-viability loss absorption feature) of SHIGA BANK

Mar. 04, 2015

JCR Upgraded Long-term Issuer Rating on Tsukuba Bank from BBB/Positive to BBB+/Stable

JCR Affirmed A/Stable Long-term Issuer Rating and A- Rating on Subordinated Bonds of SHIMIZU BANK

JCR Affirmed BBB+/Stable Long-term Issuer Rating and BBB+ Rating on Bonds of Shibusawa Warehouse

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Chuo Warehouse

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Yasuda Logistics

Mar. 02, 2015

JCR Affirmed A-/Stable Long-term Issuer Rating and A- Rating on Bonds of SENKO

JCR's Opinion on Nikon's Acquisition of Optos Plc

JCR Downgraded Long-term Issuer Rating on Sharp from #BBB-[Negative] to #BB+[Negative]; Maintains CM

Feb. 27, 2015

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable ABL15-02 (A Corp. in Niigata)

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL15-02

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL15-02

JCR Affirmed A-/Stable Long-term Issuer Rating on Aozora Bank

JCR Affirmed AAAp Rating on EBRD

JCR Assigned A Rating to Bonds of KUREHA

JCR Withdraws A+/Stable Long-term Issuer Rating on HANSHIN ELECTRIC RAILWAY

JCR Assigned A+ Rating to Subordinated Bonds (Tier 2 with loss absorption clause) of Mitsubishi UFJ Financial Group

JCR Affirmed A-/Stable Long-term Issuer Rating and BBB+ Rating on Subordinated Bonds of MICHINOKU BANK

JCR Affirmed AA-/Stable and AA- on Sekisui House SI Residential Investment Corporation

JCR Assigned AA Rating to Bonds of Chubu Electric Power

JCR Withdraws #BBB+[Positive] Long-term Issuer Rating and #J-2[Positive] Rating on CP of Maruetsu

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of HEIWA REAL ESTATE

Feb. 26, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL15-02

JCR Affirmed A-/Stable(FC) and A- Ratings on JPY bonds of Renault

JCR Assigned A Rating to Bonds of MITSUI-SOKO HOLDINGS

JCR Assigned A Rating to Bonds of Denki Kagaku Kogyo

JCR Assigned A+/Stable(FC) to Lotte Shopping

JCR Assigned A+/Stable(FC) to Hotel Lotte

JCR Affirmed A-/Stable Long-term Issuer Rating on AIN PHARMACIEZ

JCR Assigned A- Rating to Bonds of NEC Capital Solutions

Feb. 25, 2015

Series 50175

Series 50174

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 15020

JCR Affirmed A+/AA- (FC/LC) Ratings on Korea

JCR Affirmed A Rating on National Grid Gas plc

JCR Affirmed A/A+ (FC/LC) Ratings and A JPY Bonds' Ratings on Poland

JCR Affirmed J-1 Rating on CP of SMBC Finance Service

JCR Affirmed AA/Stable Long-term Issuer Rating and AA on Bonds for DAIWA HOUSE INDUSTRY

JCR Affirmed A/Stable and J-1 on Fukuoka Financial Group
JCR Affirmed A+/Stable on Bank of Fukuoka
JCR Affirmed A/Stable on Kumamoto Bank
JCR Affirmed A/Stable on Shinwa Bank

JCR Affirmed A-/Stable Long-term Issuer Rating on NORITAKE

Feb. 24, 2015

[ Asset Securitization Products ]JCR Affirmed J-1 on Dispensing Fees Receivable ABL Program (Nanba Pharmacy)

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL <NLS> 15-02

JCR's Opinion on ASAHI KASEI's Acquisition of Polypore International

JCR Assigned A+ Rating to Bonds of DAIBIRU

JCR Assigned A Rating to Bonds of Sumitomo Osaka Cement

JCR's Opinion on MORI BUILDING's Partial Acquisition of Class 3 Preferred Stock

JCR Assigned BBB Rating to Bonds of Starzen

Feb. 23, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-02 (D Hospital)

[ Asset Securitization Products ] JCR Affirmed J-1 on Medical Fees Receivable ABL Program (H Hospital)

JCR Affirmed BBB/Stable Long-term Issuer Rating on TOHOKU BANK

JCR Affirmed A-/Stable Long-term Issuer Rating and A- on Bonds for OKAMURA CORPORATION; Assigned Preliminary A- to Shelf Registration

JCR's Opinion on Senshu Ikeda HLD's Capital Policy

Feb. 20, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL15-02

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL15-02

JCR Assigned A Rating to Bonds of Sanwa Holdings

JCR Assigned BBB+ Rating to Bonds of Kintetsu Corporation

JCR Affirmed AA/Stable Long-term Issuer Rating and AA Rating on Bonds of ORIENTAL LAND

JCR Assigned Preliminary A Rating to Shelf Registration of TAKARA HOLDINGS

JCR Assigned AA- Rating to Bonds of Kansai Electric Power

JCR Assigned A- Rating to Bonds of JACCS

JCR Affirmed AA/Stable Long-term Issuer Rating on 77 Bank

Feb. 19, 2015

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL15-02

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-02 (F Hospital)

JCR Affirmed A-/Stable, A-, Preliminary A- and J-1 on Orient Corporation

JCR Affirmed BBB+ Ratings on ICICI Bank; Revised Outlook to Stable

JCR Affirmed BBB+/Stable Long-term Issuer Rating and BBB Rating on Subordinated Bonds of Daisan Bank

JCR Affirmed AA-/Stable Long-term Issuer Rating and AA- Rating on Bonds of Daiwa Office Investment

JCR Affirmed A/Stable Long-term Issuer Rating on Aomori Bank

Feb. 18, 2015

JCR Affirmed A/Stable Long-term Issuer Rating and BBB+ Rating on Subordinated Loan of Yokogawa Electric

JCR Placed Long-term Issuer Rating on Sharp under Credit Monitor #BBB-/Negative

Feb. 17, 2015

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 15020

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL15-02

JCR Affirmed AAA/Stable Long-term Issuer Rating, AAA Rating on Bonds and Preliminary AAA Rating on Shelf Registration of NTT DOCOMO

JCR Affirmed AAA/Stable and AAA on Japan Water Agency

JCR Affirmed J-1+ Rating on CP of NTT EAST

JCR Affirmed J-1+ Rating on CP of NTT WEST

JCR Affirmed A/Stable Long-term Issuer Rating and A- Rating on Subordinated Bonds of SBI Sumishin Net Bank

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

JCR Downgraded Long-term Issuer Rating on AEON Financial Service from A+/Stable to A/Stable, from A+ to A on Bonds, from A to A- on Sub.Bonds; Affirmed J-1 Rating on CP

JCR Affirmed A-/Stable Long-term Issuer Rating and J-1 Rating on CP for AEON Housing Loan Service

JCR Downgraded Foreign Currency Long-term Issuer Rating on AEON Thana Sinsap (Thailand) Public Company Limited from A/Stable to A-/Stable

JCR Assigned AA- Rating to Bonds of Tohoku Electric Power

JCR Affirmed A-/Stable Long-term Issuer Rating, A- on Bonds, Preliminary A- on Shelf Registration, and J-1 on CP for Tokyu Fudosan Holdings

JCR Downgraded Long-term Issuer Rating on AEON KYUSHU from A/Stable to A-/Stable; Affirmed J-1 Rating on CP

Feb. 16, 2015

JCR Affirmed A+/Stable Long-term Issuer Rating, A+ Rating on Bonds and J-1 Rating on CP of NH Foods

JCR Affirmed A+/Stable Long-term Issuer Rating and J-1 Rating on CP of Sumitomo Bakelite

Feb. 13, 2015

JCR Affirmed BBB+ (FC/LC) Ratings on India; Revised Outlook to Stable

JCR Affirmed BBB+ (FC/LC) Ratings on IRFC; Revised Outlook to Stable

JCR Affirmed BBB+ Ratings on Export-Import Bank of India; Revised Outlook to Stable

JCR Affirmed AA/Stable, AA and preliminary AA on NEW KANSAI INTERNATIONAL AIRPORT
JCR Affirmed AA/Stable and AA on KANSAI INTERNATIONAL AIRPORT LAND COMPANY

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed A/Stable Long-term Issuer Rating, A Rating on Bonds, Preliminary A Rating on Shelf Registration and J-1 Rating on CP of IBJ Leasing

JCR Affirmed A/Stable Long-term Issuer Rating and J-1 Rating on CP of IBJL-TOSHIBA Leasing