News Release

Month
Year   Month
Period
Issuer Category



Industry
Key Word
Jun. 08, 2007
Assigned BBB to bonds of Softbank
Assigned A- to bonds of Keisei Electric Railway
Assigned A+ to bonds of Mitsubishi Rayon
Jun. 07, 2007
Assigned A- to bonds of Heiwa Real Estate
Jun. 06, 2007
Assigned A- to bonds of Sumitomo Osaka Cement
Downgraded Goodwill to #BBB-/Negative with CM continued
Assigned A-/Stable and A+/Stable to PTT Public Company
Upgraded sr.debts of Ehime Bank to A-/Stable
Jun. 05, 2007
Assigned A-/Stable and J-1 to sr.debts and CP of Idemitsu Kosan
Assigned BBB to bonds of Showa Denko
Affirmed J-1+ on CP of HOYA
Affirmed A+/Stable on sr.debts of Bank of Nagoya
Assigned BBB/Stable to sr.debts of Jowa Holdings
Assigned preliminary BBB to shelf registration of Softbank
Affirmed J-1 on CP of Taiyo Nippon Sanso
Assigned A to bonds of Taiyo Nippon Sanso
Jun. 01, 2007
Assigned A- to bonds of Nagoya Railroad
Removed CM and Upgraded Nissan Diesel Motor to A/Stable and J-1
Affirmed BBB/Stable on sr.debts of Southern Tohoku Research Institute for Neuroscience
Assigned A to bonds of Marubeni
May. 31, 2007
Assigned J-1 to Aso Shoji Bills Receivable ABL07-05
Assigned J-1+ to Teral Kyokuto Bills Receivable ABL07-05
Assigned J-1 to Toda Kogyo Bills Receivable ABL07-05
Assigned J-1 to Molten Bills Receivable ABL07-05
Affirmed A+/Stable on sr.debts of Mitsubishi Rayon
Removed CM and affirmed A/Stable on sr.debts of Tokyo Leasing
Affirmed BBB/Stable on sr.debts of Nishikawa Rubber
Affirmed BBB+/Stable on sr.debts of Kitz
May. 30, 2007
Assigned J-1 to Hayakawa Rubber Bills Receivable ABL07-05 (2)
Assigned J-1 to MoonStar Bills Receivable ABL07-05
Assigned AA to bonds of Urban Renaissance Agency
May. 29, 2007
Assigned J-1+ to Chudai Jitugyo Bills Receivable ABL07-05
Assigned J-1 to Bills Receivable ABL07-05 (B Corporation in Mie)
Assigned J-1 to Osaka Steel Tube Bills Receivable ABL07-05
Affirmed BBB/Stable on senior debts of Vital-Net
Affirmed A on sr.debts of SUMCO and Revised outlook to Positive
Assigned BBB to bonds of Nankai Electric Railway
Assigned A to bonds of Denki Kagaku Kogyo
Upgraded sr.debts of Mitsubishi Estate to AA+p/Stable
Upgraded senior debts of Mitsui Fudosan to AA-p/Stable
Affirmed A-/Stable on senior debts of Hokuto
Assigned A rating to bonds of Acom
May. 28, 2007
Assigned J-1 to SEIBUKIZAI Bills Receivable ABL07-05
Assigned J-1 to healthcare fees ABL07-05 (D Hospital)
May. 25, 2007
Assigned J-1+ to MSNW Trust Certificate Series 07050
Assigned J-1 to Toyoshima Bills Receivable Certificates/ABL07-05
Affirmed A-/Stable on senior debts of Nipro
May. 24, 2007
Assigned J-1 to Bills Receivable ABL07-05 (A Corporation in Aichi)
Assigned J-1 to Fuji Shokai Bills Receivable ABL07-05
Assigned AA- to bonds of Mitsubishi UFJ Lease & Finance
Affirmed BBB for Sankyo-Tateyama Holdings and Revised outlook to Negative
Assigned preliminary A- to self registration of Keihan Electric Railway
May. 23, 2007
Assigned J-1 to healthcare fees ABL07-05 (Asahikawa Sanai HP)
Assigned J-1 to healthcare fees receivable ABL07-05 (C Hospital)
Affirmed A-/Stable on sr.debts of Hiroshima Shinkin Bank
Assigned AAA to bonds of Development Bank of Japan
May. 22, 2007
Assigned BBB to bonds to Ube Industries
Upgraded Joint Corporation to BBB and Revised outlook to Stable
Assigned preliminary BBB- to shelf registration of Shinki
Affirmed AA- and A+ on bonds and sub.bonds of Hokkoku Bank
Affirmed A/Stable on sr.debts of Matsumotokiyoshi
Assigned AAA to bonds of Tokyo Electric Power Company
Assigned BBB+ to bonds of Tokyo Tatemono
Assigned AAA to bonds of Development Bank of Japan
May. 21, 2007
Affirmed BBB/Stable on sr.debts of Kisoji
May. 18, 2007
Assigned J-1 to healthcare fees receivable ABL07-05 (A Hospital)
Assigned J-1 to healthcare fees ABL07-05 (Heiwa & Konbu Onsen)
Assigned J-1 to healthcare fees ABL07-05 (E Hospital)
Removed CM and upgraded Hankyu Realty to A-/Stable
Removed CM and Downgraded Hanshin Electric Railway to A-
Removed CM and upgraded Hankyu Hanshin Holdings to A-/Stable and J-1
Assigned preliminary A to shelf registration of Yokohama Rubber
Assigned AA- to bonds of Orix
Assigned A+ to bonds of Nippon Paper Group
Affirmed BBB for Nankai Railway and Revised Outlook to Positive
Affirmed AA+/Stable on Toa Reinsurance
Placed rating on Nosan under Credit Monitor with Positive
Withdrawn J-2 rating on CP program of Aiful
May. 17, 2007
Assigned AAA to bonds of Tokyo Electric Power Company
Assigned AAA to bonds of Tokyo Electric Power Company
Assigned AAA to bonds of Japan Bank for International Cooperation
May. 16, 2007
Assigned A to bonds of Hokuetsu Paper Mills
Upgraded sr.debts of Sundrug to A and Revised outlook to Stable
May. 15, 2007
Assigned J-1 to healthcare fees receivable ABL07-05 (B Hospital)
Assigned J-1 to healthcare fees receivable ABL07-05(Tokachinomori)
Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 07-05
Upgraded sr.debts of Kanto Denka Kogyo to BBB/Stable
Assigned BBB- to bonds of Kohnan Shoji
Affirmed BBB/Stable on sr.debts of Japan Asia Investment
Affirmed BBB-/Stable on sr.debts of Nichiwa Sangyo
Affirmed BBB+/Stable on sr.debts of Chubu Shiryo
Affirmed BBB+/Stable on sr.debts of Nosan Corporation
Assigned A+ to bonds of Sumitomo Metal Industries
Assigned preliminary AA- to shelf of Odakyu Electric Railway
May. 14, 2007
Assigned J-1+ to JUTEC Bills Receivable ABL07-05
Assigned AA- to Series 4 Synthetic CDO
Assigned J-1 to Healthcare Fees Receivable ABL07-05 (Ishii HP)
Affirmed A-/Stable on sr.debts of Bank of The Ryukyus
May. 11, 2007
Assigned A+ to bonds of Itochu
Downgraded sr.debts of SSP to A-/Stable