News Release

Oct. 01, 2013

JCR Affirmed A-/Stable, A- and J-1 Rating on Tokyu Land

Sep. 30, 2013

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL13-09

JCR Assigned A Rating to JRE Mega Solar Project Bond Trust 1 Class B Beneficial Interest and Class B Trust ABL

JCR Assigned BBB+ Rating to JRE Mega Solar Project Bond Trust 1 Class C Beneficial Interest

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL13-09

JCR Assigned A- Rating to JRE Mega Solar Project Bond Trust 1 Class A Beneficial Interest and Class A Trust ABL

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL13-09

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL13-09

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL13-09

JCR Affirmed A+/Positive Long-term Issuer Rating and J-1 Rating on Nidec Corporation

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

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

JCR Withdraws J-1 Rating on CP of Nisshin OilliO Group

JCR Affirmed AA-/Stable and J-1+ Rating on Mitsubishi UFJ Nicos

JCR Withdraws BBB/Negative Long-term Issuer Rating on Arisawa Mfg.

Sep. 27, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL13-09

JCR Affirmed J-1+ Rating on Mortgage Service Japan ABL Program

JCR's Opinion on LIXIL's Acquisition of GROHE, Europe's Leading Sanitary Fitting Manufacturer

JCR Withdraws AA Long-term Issuer Rating on Toho

JCR Assigned Preliminary A Rating to Shelf Reg. of HORIBA

Sep. 26, 2013

JCR Assigned Preliminary A- Rating to Shelf Reg. of Tsubakimoto Chain

JCR Affirmed AA/Stable, AA- and Preliminary AA on Bank of Yokohama

Sep. 25, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Kimura Bills Receivable ABL13-09

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 13090

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL13-09

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-09

JCR's Opinion on Tokyo Electron's Merger with Applied Materials

Sep. 24, 2013

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL <NLS> 13-09

JCR Affirmed AA-/Stable, AA-, Pre. AA- and J-1+ Rating on Ricoh Leasing

JCR Affirmed A+/Stable and J-1 on Cedyna Financial Corp.

JCR Affirmed A+/Stable Long-term Issuer Rating on Yamaha Corporation

JCR Affirmed J-2 Rating on CP of Tsubakimoto Kogyo

JCR Assigned Preliminary AA- Rating to Shelf Reg. of Global One Real Estate Investment Corporation

Sep. 20, 2013

JCR Assigned Preliminary A Rating to Shelf Registration of IBJ Leasing

Sep. 19, 2013

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL13-09

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 13090

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-09

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL Program (C Hospital)

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL13-09

JCR Affirmed A/Stable Long-term Issuer Rating and J-1 Rating on PARCO

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

JCR Affirmed BBB+ (FC/LC) Ratings on Russia

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

Sep. 18, 2013

Series 76

Series 62

Series 71

Series 74

Series 61

JCR Affirmed J-1+ Rating on ABCP Program of Godo Kaisha Alimone

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-09 (F Hospital)

JCR Affirmed J-1+ Rating on ABCP Program of Godo Kaisha GK 48

JCR Affirmed J-1+ Rating on ABCP Program of Vector Asset Funding Corporation

JCR Affirmed J-1+ Rating on ABCP Program of Nexus Asset Funding Corporation

JCR Downgraded Long-term Issuer Rating on Gunze from A+/Negative to A/Stable

JCR Assigned BBB+ Rating to Bonds of PGM Holdings

JCR Assigned Pre. A- to Shelf Reg. of Showa Denko; Affirmed A-/Stable, A- and J-1; Increase in CP Maximum Amount
JCR Affirmed BBB on SD Preferred Capital

JCR's Opinion on Sharp's Capital Increase through Public Offering and Third-Party Allotment

JCR Affirmed J-2 Rating on CP of Shoko

Sep. 17, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-09 (D Hospital)

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

JCR affirmed AAA ratings on United Kingdom

JCR Affirmed A+/Stable, A+, Preliminary A+ and J-1 on JX Holdings

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

JCR Assigned A- Rating to Euroyen Bonds of Nagoya Railroad

Sep. 13, 2013

JCR Assigned A/Stable Long-term Issuer Rating to Japan Hotel REIT Investment Corporation

JCR Affirmed AA+/Stable Rating on Province of Quebec

JCR Affirmed AA/Stable Long-term Issuer Rating and AA and AA- Ratings on EMTN for Mitsubishi UFJ Securities Holdings
JCR Affirmed AA/Stable Long-term Issuer Rating on Mitsubishi UFJ Morgan Stanley Securities

JCR Affirmed AA/Stable Long-term Issuer Rating on SMBC Nikko Securities

JCR Affirmed AA- and J-1+ on Mizuho Securities; Revised Outlook to Positive
JCR Affirmed AA- Rating on EMTN of Mizuho International
JCR Affirmed AA- Rating on EMTN of Mizuho Securities USA

JCR's Rating Review of Major Banks

Sep. 12, 2013

JCR Affirmed BBB-/Stable Long-term Issuer Rating and J-2 Rating on Furukawa Co., Ltd.

JCR Withdraws D Rating on Bonds of AvanStrate

JCR Affirmed BBB/Stable Long-term Issuer Rating on Sankei Shimbun

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Sep. 11, 2013

JCR Affirmed A/Stable Long-term Issuer Rating and A- Rating on Sub.Bonds of Hyakujushi Bank

JCR Affirmed BBB/Stable Long-term Issuer Rating, BBB and J-2 Rating on Zensho Holdings

JCR Affirmed AA- Long-term Issuer Rating on United Urban Investment Corporation; Revised Outlook from Stable to Positive

JCR Affirmed BBB+/Stable, BBB+, BBB-, Pre. BBB+ and J-2 Rating on Tokyo Tatemono

JCR Affirmed BBB- and J-2 on Tokyo Dome Corporation; Revised Outlook to Stable

Sep. 09, 2013

JCR Affirmed A/Stable Long-term Issuer Rating, A and Preliminary A Rating on Kawasaki Heavy Industries

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Ishihara Sangyo

JCR Affirmed A+/Stable, Pre. A+ and J-1 on Shimadzu Corp.

JCR's Opinion on Suntory Beverage & Food's M&A for Beverage Business

JCR Affirmed A+ Rating on EMTN of Century Tokyo Leasing; Increase in Maximum Amount of Program

JCR Affirmed AA Rating on EMTN of Bank of Tokyo-Mitsubishi UFJ

Sep. 06, 2013

JCR Assigned A+ Rating to Bonds of Nippon Yusen

JCR Assigned AA- Rating to Bonds of Hitachi Capital

JCR Assigned AA- Rating to Bonds of Kyushu Electric Power

JCR Withdraws AA-/Stable, AA-, Preliminary AA- and J-1+ on Toyota Tsusho

JCR Assigned A+ Rating to Bonds of Daicel

JCR Affirmed BBB-/Stable Long-term Issuer Rating on Jimoto Holdings
JCR Affirmed BBB-/Stable Long-term Issuer Rating on Kirayaka Bank
JCR Affirmed BBB-/Stable Long-term Issuer Rating on Sendai Bank

JCR Affirmed AA- Rating on EMTN of ITOCHU
JCR Affirmed AA- Rating on EMTN of ITOCHU Treasury Centre Europe

JCR Affirmed A/Stable Long-term Issuer Rating on Kato Sangyo

Sep. 05, 2013

[ Asset Securitization Products ] JCR Assigned J-1+ to D Corporation Bills Receivable ABL13-09

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

JCR Affirmed BBB+/Stable, BBB+ and Pre. BBB+ Rating on Heiwa Real Estate

JCR Assigned A+ Rating to Bonds of Kenedix Realty Investment

JCR Downgraded Rating on Nissen Holdings from BBB-/Stable to BB+/Stable

JCR Affirmed BBB/Stable Rating on Scroll Corporation

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency