News Release

Feb. 26, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to CATERPILLAR Kyushu Bills ABL14-02

JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL14-02

JCR Upgraded Rating on Aozora Bank from BBB+/Positive to A-/Stable

JCR Affirmed AAp/Stable Rating on Japan Earthquake Reinsurance

JCR Affirmed AA/Stable and AA Rating on JPY bonds of CAF

Feb. 25, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL14-02 (D Hospital)

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 14020

[ Asset Securitization Products ]JCR Affirmed A on NIHONWASOU CREDIT Installment Sales Receivable Securitization 201212

[ Asset Securitization Products ]JCR Affirmed J-1 on Dispensing Fees Receivable ABL Program (Nanba Pharmacy)

JCR Affirmed BBB+/Stable, BBB+ and J-2 on Mitsubishi Materials

JCR Assigned AA Rating to Bonds of Mitsubishi UFJ Trust and Banking

JCR Assigned A+ Rating to Bonds of DAIBIRU

JCR Assigned AA-/Stable Long-term Issuer Rating to Daiwa Office Investment Corporation

JCR Affirmed AA-p/Stable Long-term Issuer Rating on FamilyMart

JCR Affirmed J-2 Rating on CP of Furukawa Electric

JCR Assigned Preliminary BBB Rating to Subordinated Loan of TOYOBO

Feb. 24, 2014

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL <NLS> 14-02

JCR Affirmed A+/Stable, A+ and Pre. A+ Rating on Kenedix Office Investment

JCR Assigned BBB+/Stable Long-term Issuer Rating to Kita Osaka Shinkin Bank

Feb. 21, 2014

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

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL14-02

JCR Assigned AA- Rating to Bonds of Mizuho Bank

JCR Assigned A Rating to Bonds of ACOM

JCR Assigned Preliminary A- Rating to Shelf Reg. of Orient Corporation

JCR Affirmed A+/Stable Long-term Issuer Rating on OITA BANK

Feb. 20, 2014

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL14-02

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL14-02

JCR Assigned A Rating to Bonds of TAIYO NIPPON SANSO; Affirmed A/Stable, A, Pre. A and J-1

JCR Affirmed BBB+/Stable Long-term Issuer Rating and BBB Rating on Subordinated Bonds of Nagano Bank

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Affirmed A/stable, A and J-1 on Takashimaya

Feb. 19, 2014

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to CATERPILLAR Kyushu Bills ABL14-02

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL14-02 (F Hospital)

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 14020

JCR Assigned AA- Rating to Bonds of Nomura Holdings

JCR Assigned AA- Rating to Bonds of Tohoku Electric Power

Feb. 18, 2014

JCR Assigned AA- Rating to Bonds of Mitsubishi UFJ Lease & Finance

JCR Affirmed J-1+ Rating on CP of NTT WEST

JCR Assigned AA- Rating to Bonds; Affirmed AA-/Stable Long-term Issuer Rating for Sekisui House SI Investment Corporation

JCR Affirmed A/Stable and A on Hokuetsu Kishu Paper

JCR Affirmed AAA/Stable, AAA and Pre. AAA Rating on NTT DOCOMO

JCR Affirmed J-1+ Rating on CP of NTT EAST

JCR Affirmed AA/Stable and AA on DAIWA HOUSE INDUSTRY

JCR Assigned AA+ Rating to Bonds of Electric Power Development

Feb. 17, 2014

JCR Assigned Pre. A- Rating to Shelf Reg. of ANA HOLDINGS

JCR Assigned A- Rating to Bonds of Maruzen Showa Unyu

JCR Upgraded Rating on YAMAZEN from BBB+/Stable to A-/Stable

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

Feb. 14, 2014

JCR Affirmed A+ Ratings on Hana Bank

JCR Assigned A-/Stable, Pre. A- and J-1 Rating on Rakuten

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

JCR Assigned Preliminary A+ Rating to Shelf Registration of Century Tokyo Leasing

JCR Assigned AAA Rating to Bonds of Aichi Prefecture; Affirmed AAA

Feb. 13, 2014

JCR Affirmed AA-/Stable, AA- and Preliminary AA- on Tokai Rubber Industries

JCR Affirmed A+/Stable and J-1 Rating on Sumitomo Bakelite

JCR Affirmed BB- Long-term Issuer Rating and Ability to Pay Insurance Claims on Asahi Mutual Life Insurance; Revised Outlook from Negative to Stable

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

JCR Assigned Preliminary A+ Rating to Shelf Registration; Affirmed A+/Stable Long-term Issuer Rating for Sumitomo Warehouse

Feb. 12, 2014

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

JCR Affirmed A/Negative, A and J-1 Rating on TEPCO

JCR Affirmed A-/Stable Long-term Issuer Rating, A- and Preliminary A- Rating on Bonds and Shelf Registration for Nagoya Railroad

Feb. 10, 2014

JCR Assigned Preliminary A Rating to Shelf Reg. of SCSK

JCR Assigned Pre. A- to Sub. Loan of Ogaki Kyoritsu Bank; Affirmed A/Stable and A- Rating

Feb. 07, 2014

JCR's opinion on Intensified Political Turmoil in Thailand

JCR's Opinion on Sony's Plan for Reform of PC and TV Businesses

JCR Assigned Preliminary A Rating to Shelf Registration of J. Front Retailing; Affirmed A/Stable, A and J-1

JCR Affirmed AA-/Stable Long-term Issuer Rating on Sony Bank

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

JCR Affirmed AA- Long-term Issuer Rating for Nippon Prologis REIT; Revised Outlook from Stable to Positive

JCR Assigned AA Rating to Bonds of MORI TRUST Sogo Reit

JCR Affirmed J-2 Rating on CP of Daiko Clearing Services

JCR Assigned AA- Rating to Bonds of Mori Hills REIT Investment

JCR Affirmed A+/Stable, A+ and J-1 Rating on Nippon Meat Packers

Feb. 06, 2014

JCR Affirmed A-/Stable, Pre. A- and J-1 Rating on Orient Corporation

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

JCR Affirmed A-/Stable and A- on SENKO

JCR Assigned AA- Rating to Bonds of TOKYU REIT

JCR's Opinion on Mitsui Chemicals Recording of Extraordinary Loss for Business Restructuring Plan

JCR Assigned A- Rating to Bonds of Pocket Card

Feb. 05, 2014

JCR's Opinion on Kobe Steel's Capital Increase

JCR Affirmed A+/Stable, A+, Pre. A+ and J-1 Rating on Century Tokyo Leasing

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

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency

JCR Affirmed AAA/Stable Long-term Issuer Rating on Hitotsubashi University

JCR Affirmed A+/Stable and J-1 Rating on Fujitsu Leasing

Feb. 04, 2014

JCR Affirmed A+/Stable Long-term Issuer Rating on Kyoritsu Women's Educational Institution

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

JCR Upgraded LT Issuer Rating on Japan Water Agency from AA+/Stable to AAA/Stable

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

Feb. 03, 2014

JCR Upgraded Long-term Issuer Rating on Japan Rental Housing Investments from A-/Positive to A/Stable

Jan. 31, 2014

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL14-01

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL14-01

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL14-01

[ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank H Corporation Bills Receivable ABL14-01

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL14-01

JCR Affirmed A-/A+ (FC/LC) Ratings on Mexico

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

JCR Affirmed A/Stable and J-1 on Fukuoka Financial Group
JCR Affirmed A+/Stable on Bank of Fukuoka
JCR Affirmed A/Stable on Kumamoto Bank
JCR Affirmed A/Stable on Shinwa Bank

JCR Affirmed A/Stable, A and Preliminary A on SCSK

JCR Withdraws J-2 Rating on CP of Fuji Electric Finance and Accounting Support