News Release

Month
Year   Month
Period
Issuer Category




Industry
Key Word
Feb. 22, 2008
Assigned preliminary A to shelf of Denki Kagaku Kogyo
Rating on Ikeda Bank still under Credit Monitor #A/Negative
Affirmed BBB+/Positive on sr.debts of Hiroshimashi Credit Cooperative
Affirmed A-/Stable on sr.debts; Assigned A- to bonds of Nipro
Feb. 21, 2008
Affirmed A-/Stable on senior debts of Ariake Japan
Assigned BBB to bonds of Pacific Management
Assigned preliminary A- to shelf registration of Orient Corporation
Feb. 20, 2008
Affirmed A/Stable and J-1 on senior debts and CP of JGC
Downgraded senior debts of Uny to A/Stable from A+/Negative
Affirmed A- for Aica Kogyo; Revised outlook to Stable
Affirmed AA/Stable on senior debts of 77 Bank
Withdrawn BBB+/Negative rating on senior debts of U.Store
Feb. 19, 2008
Assigned BBB+ to perpetual subordinated loan (Hybrid) of Sumitomo Realty & Development
Affirmed BBB-/Stable on senior debts of Goto
Affirmed A- for Minami-Nippon Bank; Revised outlook to Negative
Affirmed BBB- on Mitsubishi Paper Mills; Revised outlook to Stable
Feb. 18, 2008
Assigns BBB+ Ratings to LS Cable
Assigned preliminary A+ to shelf registration of Towa Real Estate Development
Revised Rating outlook for Mitsui Life Insurance Company
Feb. 15, 2008
Assigned preliminary A to shelf registration of Promise
Affirmed A and J-1 for Daido Steel; Revised outlook to Stable
Feb. 14, 2008
Affirmed A/Stable on senior debts of Fist Bank of Toyama
Feb. 13, 2008
Placed Toyama Chemical under CM with Positive
Assigned AA to bonds of Bank of Tokyo-Mitsubishi UFJ
Affirmed AA-/Stable and AA- on sr.debts and bonds of Kuraray
Feb. 12, 2008
Affirmed BBB+ for Valor; Revised outlook to Positive from Stable
Affirmed Ap/Stable on senior debts of Fujikura
Feb. 08, 2008
Affirmed BBB for San Holdings; Revised Outlook to Stable
Affirmed A/Stable on senior debts of Kyowa Exeo
Affirmed A/Stable and J-1 on sr.debts and CP of Meiji Dairies Corporation
Assigned BBB+/Stable to senior debts of Nagano Bank
Assigned AAA to bonds of National Life Finance
Affirmed BBB/Stable on senior debts of Harima Chemicals
Affirmed BBB+/Stable on senior debts of Roland
Affirmed A+/Stable on sr.debts of Sumitomo Warehouse
Affirmed BBB/Stable and J-2 on Pacific Management
Assigned A-/Negative to senior debts (FC) of AEON Thana Shinsap (Thailand)
Affirmed BBB- for Japan General Estate; Revised outlook to Stable
Assigned A- to bonds of Don Quijote
Continues to place ratings on Bank of Ikeda under Credit Monitor
Assigned AAA to bonds of Tokyo Electric Power Company
Assigned BBB+ to bonds of Covalent Materials Corporation
Feb. 07, 2008
JCR Assigned A+ to bonds of Daiwa Securities Group
Affirmed BBB/Stable on sr.debts of Japan Medical Alliance
Assigned AA to bonds of Bank of Tokyo-Mitsubishi UFJ
Assigned preliminary BBB+ to sub.undated loan (hybrid sec.) of Sumitomo Realty & Development
Assigned AAA to bonds of Kyushu Electric Power Company
Assigned AA to bonds of Kansai International Airport
Assigned AAA to bonds of Tokyo Electric Power Company
Assigned AAA to bonds of Kansai Electric Power Company
Feb. 06, 2008
Affirmed B+p/Stable for Yamato Life Insurance
Affirmed BBB/Stable; Assigned J-2 to CP of Taiyo Oil
Affirmed A/Stable and A on sr.debts and bonds of Aichi Steel
Affirmed BBB+/Stable on sr.debts of Settsu Suito Shinkin Bank
Affirmed A/Stable and J-1 on sr.debts and CP of Sumitomo Realty & Development
Affirmed AA+p/Stable on senior debts of Mitsubishi Estate
Assigned AA-/Stable to sr.debts of Mitsui Fudosan; Withdrawn AA-p
Assigned AAA to bonds of Development Bank of Japan
Feb. 05, 2008
Affirmed A-/Positive and J-1 on Sanyo Special Steel
Affirmed BBB+/Stable on sr.debts of Shibusawa Warehouse
Affirmed A for Ogaki Kyoritsu Bank; Revised outlook to Positive
Affirmed A+/Stable on senior debts of Oita Bank
Affirmed BB-/Stable on senior debts of Medca Japan
Assigned preliminary BBB to shelf registration of Risa Partners
Feb. 04, 2008
Affirmed BBB-/Stable and J-2 on sr.debts and CP of Takara Leben
Affirmed A/Stable on sr.debts of Kissei Pharmaceutical
Affirmed BBB+/Stable on senior debts of Mitsubishi Materials
Affirmed BBB-/Stable and J-2 on sr.debts and CP of Furukawa
Assigned AA-/Stable & J-1+ to sr.debts and CP of Hitachi Capital
Feb. 01, 2008
Affirmed BBB/Positive on sr.debts of Nippon Fine Chemical
Assigned preliminary A+ to shelf registration of Mitsubishi Rayon
Affirmed A/Stable on senior debts of Air Water
Assigned preliminary AA to bonds of Bank of Tokyo-Mitsubishi UFJ
Assigned preliminary A to shelf registration of Izumi
Assigned A- to bonds of Nagoya Railroad
Jan. 31, 2008
Upgraded Kyoei Kasai Shinrai Life Insurance to A+/Stable
Assigned preliminary A- to shelf registration of Century Leasing System
Affirmed J-1 on CP of Kyodo Leasing
Affirmed A+/Stable on senior debts of Daicel Chemical Industries
Jan. 30, 2008
Affirmed A-/Stable and J-1 on sr.debts and CP of Toyobo
Affirmed A+/Stable on sr.debts of Kyoritsu Women's
Jan. 29, 2008
Upgraded sr.debts of IBJ Leasing to A/Stable from A-/Positive