News Release

Month
Year   Month
Period
Issuer Category




Industry
Key Word
Nov. 21, 2007
Assigned A+ to bonds of Hiroshima Bank
Assigned AA to bonds of Nippon Steel
Upgraded sr.debts of Cosmo Oil to BBB+/Stable from BBB/Stable
Placed ratings on Bank of Ikeda under Credit Monitor
Nov. 20, 2007
Affirmed AA/Stable on senior debts of Mitsubishi Logistics
Affirmed BBB/Stable on senior debts of Softbank Telecom
Affirmed BBB/Stable and J-2 on sr.debts and CP of Softbank
Removed CM and upgraded Jaccs to A-/Stable from #BBB+/Positive
Affirmed AAp/Stable on senior debts of Nippon Express
Nov. 19, 2007
Upgraded sr.debts of Tsubakimoto Chain to A-/Stable
Assigned A/Stable to senior debts of OSG Corporation
Assigned preliminary AA- to shelf registration of Sumitomo Trust & Banking
Upgraded sr.debts of Atrium to BBB+/Stable from BBB/Stable
Nov. 16, 2007
Affirmed A-/Stable on senior debts of Riso Kagaku
Affirmed BBB for Chiba Kogyo Bank; Revised outlook to Positive
Nov. 15, 2007
Affirmed A+/Stable on sr.debts of Yokogawa Electric
Affirmed AA-/Stable on sr.debts of Nippon Electric Glass
Assigned AA to bonds of Nomura Holdings
Affirmed A/Stable and A- on sr.debts and sub.bonds of Aomori Bank
JCR Placed Mizuho Securities under CM with Negative
JCR Placed Shinko Securities under CM with Negative
Nov. 14, 2007
Affirmed BBB+ for Showa Sangyo; Revised outlook to Stable
Affirmed AA/Stable on senior debts of Nisshin Seifun Group
Affirmed A-/Stable on sr.debts of Nippon Flour Mills
Assigned AA- to bonds of Orix
Continues CM on NIS Group; Downgrades CP to NJ (from #J-3)
Continues CM on NIS Group; Downgrades CP to NJ (from #J-3)
Nov. 13, 2007
Withdrawn BBB-/Negative rating on Kyokuto Boeki
Affirmed BBB/Stable on senior debts of Shinnihon Corp.
Nov. 12, 2007
Assigned AAA to bonds of Electric Power Development Company
Nov. 09, 2007
Affirmed A for Shimizu Bank; Revised outlook to Negative
Affirmed A-/Stable on senior debts of Amagasaki Shinkin Bank
Affirmed BBB for Hikari Tsushin; Revised outlook to Stable
Affirmed A on sr.debts of Nifco; Revised outlook to Positive
Affirmed A/Stable and A on sr.debts and bonds of Hokuetsu Paper Mills
Assigned BBB+ to bonds of Showa Denko
Withdrawn BB/Stable on senior debts of Car Mate
Assigned A+ to bonds of Nisshin Steel
Assigned AA- to bonds of Sumitomo Metal Industries
Assigned A- to bonds of Tokyo Tatemono
Assigned A+ to bonds of Itochu
Nov. 08, 2007
JCR Affirmed J-1 on euro CP programme of Yamaha Motor Europe
JCR Affirmed J-1 on euro CP programme of Yamaha Motor Finance (Europe)
Affirmed A+/Stable and J-1 on sr.debts and CP of Yamaha Motor
Assigned AAA to bonds of Development Bank of Japan
Assigned AA- to sub.bonds of Bank of Tokyo-Mitsubishi UFJ
Assigned AA to bonds of Urban Renaissance Agency
Nov. 07, 2007
Affirmed J-2 on CP of Furukawa Electric
Assigned BBB+/Stable to senior debts of Yamazen
Affirmed BBB+/Stable on senior debts of Ome Shinkin Bank
Assigned AAA to bonds of Kyushu Electric Power Company
Assigned AAA to bonds of Kansai Electric Power Company
Assigned A- to bonds of Hankyu Hanshin Holdings
Assigned AA to bonds of JFE Holdings
Assigned AA- to bonds of Sumitomo Mitsui Banking
JCR Downgraded Nikko Cordial Corporation to AA-/Negative from AA/Stable
JCR Downgraded Nikko Cordial Securities to AA-/Negative from AA/Stable
JCR Downgraded NikkoCiti Trust and Banking to AA-/Negative from AA/Stable
Nov. 06, 2007
JCR Affirmed AA- on EMTN of Sumitomo Chemical
JCR Affirmed AA- on EMTN of Sumitomo Chemical (U.K.)
JCR Affirmed AA- on EMTN of Sumitomo Chemical Capital America
Affirmed AA-/Stable on senior debts of Sumitomo Chemical
Affirmed A+p/Stable on senior debts of Kansai Paint
Affirmed BBB/Stable on senior debts of Nippon Light Metal
Affirmed A+p/Stable on senior debts of Mitsui Chemicals
Assigned AAA to bonds of Tokyo Electric Power Company
Assigned AAA to bonds of Chugoku Electric Power Company
Upgraded Fuji Life Insurance to A/Stable
Upgraded Fuji Fire & Marine Insurance to A+/Stable
Nov. 05, 2007
JCR Affirmed A on EMTN of Marubeni
JCR Affirmed A on EMTN of Marubeni Europe
JCR Affirmed A on EMTN of Marubeni Finance Holland
Affirmed AAA on EMTN of Tokio Marine Financial
Assigned preliminary #BBB+/Positive to shelf of Jaccs
Affirmed BBB/Stable and J-2 on sr.debts and CP of Joshin Denki
Assigned preliminary BBB+ to shelf registration of Elpida Memory
Upgraded sr.debts of San-Ai Oil to BBB+/Stable from BBB/Stable
Downgraded Rating on GMAC from BBB- to #BB+[Negative]; Placed Rating under Credit Monitor
Nov. 02, 2007
Affirmed A+/Stable on senior debts of Hekikai Shinkin Bank
Assigned #BBB+/Positive to bonds of Pocket Card
Affirmed AA/Stable on senior debts of Toho
Assigns A+ Ratings to IBK's Yen Bonds
Affirmed A/Positive on sr.debts of Okazaki Shinkin Bank
Nov. 01, 2007
Assigned preliminary A- to shelf of Kawasaki Heavy Industries
Assigned A- to subordinated bonds of Taiko Bank
Oct. 31, 2007
Placed Nichias under CM with Negative direction
Affirmed A-/Stable on senior debts of Sumitomo Osaka Cement
Affirmed BBB+p/Stable on senior debts of Taiheiyo Cement
Affirmed BBB+/Stable on senior debts of Daiwabo Information System
Assigned BBB+ to bonds of Accordia Golf
Assigned preliminary AA to shelf registration
Oct. 30, 2007