News Release

Feb. 04, 2015

[ Asset Securitization Products ] JCR Affirmed AA and A- on Sakura Investment Purpose Condominium Loan Securitization Series 1

[ Asset Securitization Products ]JCR Affirmed AAA, BBB and A Rating on MMJ Mortgage Trust II Senior, Mezzanine, Servicer Beneficial Interest and ABL

[ Asset Securitization Products ]JCR Affirmed AAA, BBB and A Rating on MMJ Mortgage Trust II Senior, Mezzanine, Servicer Beneficial Interest and ABL

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency

JCR Affirmed AAA/AAA (FC/LC) Ratings on Norway

Feb. 03, 2015

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JCR Affirmed BBB Rating on JAG Mega Solar Project Bond Trust 1 Beneficial Interest and Trust ABL

JCR's Opinion on Sharp's Downward Revision of Earnings Forecasts for FY Ended March 2015

JCR Upgraded Rating on Nippon Prologis from AA-/Positive, AA- to AA/Stable, AA

JCR Affirmed AA+ Ratings on Hong Kong

Feb. 02, 2015

JCR Affirmed AA/Stable Long-term Issuer Rating and AA Rating on Bonds of Urban Renaissance Agency

Jan. 30, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL15-01

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL15-01

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL15-01

JCR Assigned Preliminary AA- Rating to Shelf Registration of Mizuho Bank

JCR Assigned A-/Stable Long-term Issuer Rating to Japan Airlines

JCR Affirmed BBB/Stable Long-term Issuer Rating on Sankyo Tateyama

JCR Affirmed AA+/Stable Long-term Issuer Rating on Seven & i Holdings
JCR Affirmed AA+/Stable Long-term Issuer Rating on Seven-Eleven Japan

JCR Affirmed AA+/Stable Long-term Issuer Rating and J-1+ Short-term Issuer Rating on Japan Trustee Services Bank

JCR Affirmed AA+/Stable Long-term Issuer Rating on SECOM

JCR Upgraded Long-term Issuer Rating on OKAYA from BBB+/Stable to A-/Stable

JCR Affirmed AA+/Stable Long-term Issuer Rating and J-1+ Short-term Issuer Rating on Master Trust Bank of Japan

Jan. 29, 2015

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Series 1501-01J

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL15-01

JCR Affirmed A/Stable Long-term Issuer Rating on Japan Rental Housing Investments

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

JCR Affirmed AA/Stable Long-term Issuer Rating and AA Rating on Bonds for MORI TRUST Sogo Reit

JCR Assigned A+ Rating to Bonds of Sumitomo Realty & Development

Jan. 28, 2015

JCR Assigned A- Rating to Bonds of DIC

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Harima-Kyowa

JCR Assigned Preliminary A Rating to Shelf Registration of MORI BUILDING

Jan. 27, 2015

Series 290

JCR Assigned AA+ Rating to Bonds of JASSO

JCR Affirmed A+p/Stable Long-term Issuer Rating on Oji Holdings

JCR Affirmed A-/Stable and J-1 on JAPAN PULP AND PAPER

JCR Affirmed AA/Stable, AA and J-1+ on Mitsubishi Logistics

JCR Affirmed A+ Rating on Sumitomo Warehouse; Revised Outlook from Stable to Positive

JCR Affirmed A+/Stable Long-term Issuer Rating and A+ on Bonds for MITSUBISHI PLASTICS

JCR Affirmed A+p/Stable Long-term Issuer Rating on Mitsubishi Tanabe Pharma

JCR Affirmed A+/Stable Long-term Issuer Rating, A+ on Bonds and Preliminary A+ on Shelf Reg. for Mitsubishi Chemical Holdings

JCR Affirmed A+/Stable Long-term Issuer Rating and A+ on Bonds for Mitsubishi Chemical Corporation

Jan. 26, 2015

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL <NLS> 15-01

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-01 (D Hospital)

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 15010

JCR Affirmed AAA Ratings on Netherlands

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

JCR Affirmed J-2 Rating on CP of Furukawa Electric

JCR Affirmed AA- Rating on EMTN of Mizuho Securities, Mizuho International, Mizuho Securities USA; Increase in Maximum Amount of Program

JCR Assigned BBB+ Rating to Subordinated Bonds of SoftBank

JCR Assigned AAA/Stable Long-term Issuer Rating to Central Nippon Expressway

JCR's Opinion on Marubeni's Impairment Loss

Jan. 23, 2015

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[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to Hokuriku Bank C Corporation Bills Receivable ABL15-01

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL15-01

JCR Affirmed AA-/Stable Long-term Issuer Rating, AA- Rating on Bonds, Preliminary AA- Rating on Shelf Registration and J-1+ Rating on CP of TOKYU CORPORATION

Jan. 22, 2015

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL15-01

JCR Affirmed AA+/Stable Long-term Issuer Rating and AA+ on Bonds of Japan Student Services Organization

Jan. 21, 2015

JCR Downgraded TVO's Rating to AA-, Outlook Stable

JCR Downgraded PVO's Rating to AA-, Outlook Stable

JCR Affirmed AA/Stable Long-term Issuer Rating on Kanagawa University

JCR Assigned A- Rating to Bonds of Konoike Transport

JCR Assigned AAA Rating to Bonds of Japan Bank for International Cooperation

Jan. 20, 2015

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL15-01

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL15-01

JCR's Opinion on ITOCHU's Investment in CITIC

JCR Upgraded Long-term Issuer Rating on Nissan Chemical Industries from A/Stable to A+/Stable

JCR Affirmed J-2 Rating on CP of CMIC HOLDINGS

Jan. 19, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-01 (F Hospital)

JCR Affirmed A-/Stable Long-term Issuer Rating, A- on Bonds and J-1 on CP of SAPPORO HOLDINGS

JCR Affirmed A+/Stable and J-1 on JGC

JCR Affirmed AA- Ratings on POSCO

JCR Affirmed AA- Long-term Issuer Rating on ROHM; Revised Outlook from Negative to Stable

JCR Affirmed A+/Stable, A+, Pre. A+ and J-1 on Century Tokyo Leasing
JCR Affirmed A+/Stable and J-1 Rating on NIPPON CAR SOLUTIONS
JCR Affirmed A+/Stable and J-1 Rating on FUJITSU LEASING

Jan. 16, 2015

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 15010

JCR Upgraded Rating on Mitsubishi Materials from BBB+/Stable, BBB+ and J-2 to A-/Stable, A- and J-1

JCR Assigned AA- Rating to Bonds of Daiwa House Residential Investment

JCR Withdraws A+ FC Long-term Issuer Rating on Hana Bank

JCR Affirmed A+/Stable Long-term Issuer Rating on Fukuoka Kogyo Daigaku

JCR Assigned A- Rating to Bonds of Orient Corporation

Jan. 15, 2015

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed BBB/Stable Long-term Issuer Rating on Soken Chemical & Engineering

Jan. 14, 2015

JCR Affirmed AA/Stable Long-term Issuer Rating on Toyo University

JCR Affirmed AA+p/Stable Long-term Issuer Rating on Mitsubishi Estate

JCR Upgraded Rating on Mitsui Fudosan from AA-/Stable, AA-, Preliminary AA- to AA/Stable, AA, Preliminary AA; Affirmed J-1+ on CP

JCR Affirmed A/Stable Long-term Issuer Rating on FIRST BANK OF TOYAMA

JCR Upgraded Rating on Sumitomo Realty from A/Stable, A, BBB+, Preliminary A to A+/Stable, A+, A-, Preliminary A+; Affirmed J-1 on CP

JCR Affirmed A+/Stable Long-term Issuer Rating and A+ Rating on Bonds for NGK SPARK PLUG

Jan. 13, 2015

JCR Affirmed A/Stable Long-term Issuer Rating, A on Bonds, Preliminary A on Shelf Reg. and J-1 on CP for Mitsui Chemicals

JCR Upgraded Rating on Advance Residence Investment from AA-/Positive, AA- to AA/Stable, AA

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

JCR Affirmed A/Stable(FC) and A Rating on JPY bond of America Movil

JCR Affirmed A+/Stable, A+ and J-1 on ITO EN

Jan. 09, 2015

JCR Affirmed AA/Stable, AA, Preliminary AA and J-1+ on Sumitomo Electric Industries

JCR Assigned A- Rating to Bonds of TOBU RAILWAY

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

JCR Assigned AA- Rating to Bonds of Tohoku Electric Power

JCR Affirmed BBB+/Stable, BBB- and J-2 on Kawasaki Kisen

JCR Assigned AA- Rating to Bonds of Odakyu Electric Railway

JCR Assigned AAA Rating to Bonds of DBJ