News Release

Jul. 16, 2014

JCR's Opinion on Nuclear Regulation Authority's Draft Approval for Kyushu Electric Power's Application for Change of Installment at Sendai Nuclear Power Plant

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Jul. 15, 2014

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

JCR Affirmed BBB/Stable Long-term Issuer Rating on HOSOKAWA MICRON

JCR Affirmed A/Stable Long-term Issuer Rating on OSG CORPORATION

JCR Affirmed A-/Stable and A- on YOKOHAMA REITO

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Trust Bank

JCR Assigned AA- Rating to Bonds of GLP J-REIT

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

JCR Assigned A- Ratings to JPY Bonds of Mexico

Jul. 14, 2014

JCR Affirmed AA+p/Stable Long-term Issuer Rating on Astellas Pharma

JCR Assigned Preliminary A Rating to Shelf Registration of TAIYO NIPPON SANSO

Jul. 11, 2014

[ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank D Corporation Bills Receivable ABL14-07

JCR Assigned AA- Rating to Bonds of Kansai Electric Power

JCR Affirmed BBB-/BBB- (FC/LC) Ratings on Turkey

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Assigned Preliminary A- Rating to Shelf Registration of SoftBank

JCR Assigned Preliminary AA- Rating to Shelf Registration of NIPPON STEEL & SUMITOMO METAL CORPORATION

JCR Assigned A+ Rating to Bonds of Comforia Residential REIT

JCR Assigned A+ Rating to Bonds of Kenedix Office Investment

JCR Upgraded Long-term Issuer Rating on North Pacific Bank from A-/Stable to A/Stable

JCR Assigned A- Rating to Bonds of Mazda Motor

JCR Assigned A Rating to Bonds of Kawasaki Heavy Industries

JCR Assigned A+ Rating to Bonds of Hankyu Hanshin Holdings

JCR Assigned A Rating to Bonds of SHOWA SHELL SEKIYU

JCR Assigned Preliminary A Rating to Shelf Reg. of NICHIREI

JCR Affirmed AAA Rating on IDB

JCR Assigned BBB+ Rating to Bonds of Nankai Electric Railway

JCR Upgraded Rating on Towa Bank from BBB/Stable to BBB+/Stable

Jul. 10, 2014

JCR Assigned Preliminary A- Rating to Shelf Registration of Tokyu Fudosan Holdings

JCR's Opinion on Benesse Holdings' Leakage of Customer Information

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Affirmed A-/Stable Long-term Issuer Rating on TOMONY Holdings

Jul. 09, 2014

JCR Assigned Preliminary A Rating to JRE Mega Solar Project Bond Trust 2 Beneficial Interest and Trust ABL

JCR Assigned AA- Rating to Bonds of Asahi Group Holdings

JCR Affirmed BBB+/Stable Long-term Issuer Rating and J-2 Rating on CP for RESORTTRUST

JCR Assigned BBB+ Rating to Bonds of Kintetsu Corporation

JCR Assigned A Rating to Subordinated Bonds (with contractual point of non-viability loss absorption feature) of Mizuho Financial Group

JCR Affirmed BBB+ Rating on Hanwha Chemical

Jul. 08, 2014

JCR Affirmed A+ Ratings on Shinhan Bank

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned Preliminary AA Rating to Shelf Registration of Sumitomo Mitsui Banking Corporation

Jul. 07, 2014

[ Asset Securitization Products ]JCR Affirmed BBB Rating on ABL of WBBL

JCR Assigned Preliminary A Rating to Shelf Registration of Kobe Steel

Jul. 04, 2014

JCR Affirmed BBB- Long-term Issuer Rating and J-2 Rating on CP for ICHINEN HOLDINGS; Revised Outlook from Stable to Positive

JCR Upgraded Rating on AIR WATER from A/Positive to A+/Stable

JCR Assigned AA- Rating to Bonds of Odakyu Electric Railway

JCR Upgraded Rating on PENTA-OCEAN CONSTRUCTION from BBB+/Stable, BBB+ and J-2 to A-/Stable, A- and J-1

JCR Assigned AA- Rating to Bonds of RICOH LEASING

Jul. 02, 2014

JCR Assigned Preliminary A Rating to Shelf Registration of SHOWA SHELL SEKIYU; Affirmed A/Stable, A and J-1

Jul. 01, 2014

JCR Affirmed AA-p Long-term Issuer Rating on Hitachi; Revised Outlook from Stable to Positive

JCR Affirmed BBB+/Stable Long-term Issuer Rating on TSUKADA GLOBAL HOLDINGS (Former BEST BRIDAL Inc.)

JCR Assigned Preliminary AA+ Rating to Shelf Registration of NTT DATA

JCR Placed Ratings on Busan Bank under Credit Monitor #A[Negative]

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

Highlights of Major Oil Distributors' Financial Results for Fiscal Year Ended March 31, 2014

JCR Affirmed AAA Ratings on Belgium

Jun. 30, 2014

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL14-06

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL14-06

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

JCR Affirmed BBB+/Stable Long-term Issuer Rating and BBB+/Stable Rating on Ability to Pay Insurance Claims for Daido Fire & Marine

JCR's Opinion on Progress in Accordia Golf's Business Trust Scheme

Highlights of Major Automakers' Financial Results for Fiscal Year Ended March 31, 2014

Jun. 27, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL14-06

JCR Affirmed A+/Negative Long-term Issuer Rating and J-1 on CP for TOC

JCR Upgraded Rating on Mazda Motor from BBB+/Stable, BBB+ and Preliminary BBB+ to A-/Stable, A- and Preliminary A-

JCR Affirmed A Long-term Issuer Rating and A Rating on Bonds for SONY; Revised Outlook from Stable to Negative

JCR Affirmed AA-/Stable, AA- on Nomura Holdings
JCR Affirmed AA-/Stable, AA- on Nomura Securities
JCR Affirmed AA-/Stable, AA- on Nomura Bank International
JCR Affirmed AA- on Nomura Europe Finance

Highlights of Warehouse Companies' Financial Results for Fiscal Year Ended

Jun. 26, 2014

JCR Assigned Preliminary AA- Rating to Shelf Registration of Kyushu Electric Power

Jun. 25, 2014

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL <NLS> 14-06

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to Hokuriku Bank C Corporation Bills Receivable ABL14-06

[ Asset Securitization Products ] JCR Assigned J-1 to Kimura Bills Receivable ABL14-06

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL14-06 (D Hospital)

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 14060

JCR's Opinion on PIONEER's Capital/Business Alliance in Home AV Business

Jun. 24, 2014

[ Asset Securitization Products ] JCR Assigned J-1+ to Saitama Resona Bank A Corporation Bills Receivable Senior Beneficial Interest 14-06

JCR Affirmed A-/Stable Long-term Issuer Rating, A- Rating on Bonds and Preliminary A- Rating on Shelf Registration for Nisshin OilliO Group

JCR Affirmed A-/Stable and A- on J-OIL MILLS

JCR Assigned Preliminary A+ Rating to Shelf Registration of Hankyu Hanshin Holdings

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

JCR Upgraded Long-term Issuer Rating and Bond Rating for Daiwa Securities Group from A/Positive and A to A+/Stable and A+
JCR Upgraded Long-term Issuer Rating for Daiwa Securities from A/Positive to A+/Stable

Jun. 20, 2014

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL14-06

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL14-06

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

JCR Assigned AA Rating to Bonds of Industrial & Infrastructure Fund Investment Corporation

JCR Downgraded Rating on SUMCO from A-/Negative and J-1 to BBB+/Stable and J-2

JCR Affirmed A+/Stable Long-term Issuer Rating, A+, Preliminary A+ and J-1 on THK

JCR Assigned AA- Rating to Bonds of Suntory Beverage & Food

JCR Assigned A+ Rating to Subordinated Bonds (with contractual point of non-viability loss absorption feature) of Mitsubishi UFJ Financial Group

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

Highlights of General Trading Companies' Financial Results for Fiscal Year Ended March 31, 2014

Jun. 19, 2014

JCR's Rating Review of Money Market Brokers

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL14-06 (F Hospital)

JCR Withdraws A+/Stable Long-term Issuer Rating on Mitsubishi Rayon

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

JCR Affirmed A/Stable Long-term Issuer Rating and A- Rating on Subordinated Bonds for Hokuetsu Bank

JCR Affirmed A-/Stable Long-term Issuer Rating, BBB+ Rating on Subordinated Bonds and Preliminary A- Rating on Shelf Registration for Shikoku Bank

Jun. 18, 2014

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 14060

JCR Assigned A+ Rating to Bonds of Sumitomo Rubber Industries