News Release

Aug. 26, 2013

JCR Affirmed A+ Ratings on Kookmin Bank

Aug. 23, 2013

JCR Affirmed AA on EMTN of Suntory Holdings, SUNTORY EUROPE, SUNTORY CAPITAL AMERICA

JCR Affirmed BBB+/J-2 Ratings on Shinhan Bank Japan

JCR Affirmed AA/Stable, AA, A+ and J-1+ on Suntory Holdings

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

JCR Assigned Preliminary BBB Rating to Shelf Reg. of Taiheiyo Cement; Affirmed BBB/Stable and J-2

Aug. 22, 2013

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-08

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL13-08

JCR Affirmed BBB/Stable and J-2 Rating on Meidensha

JCR Affirmed AA/Stable on Sony Life Insurance

Aug. 21, 2013

[ Asset Securitization Products ]JCR Assigned J-1 to Medical Fees Receivable ABL13-08 (C Hospital)

[ Asset Securitization Products ]JCR Assigned J-1 to Medical Fees Receivable ABL Program (Asahikawa Sanai HP)

JCR Affirmed A/Stable, A, Pre. A- and J-1 Rating on Hulic; Increase in CP Maximum Amount

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

JCR's Opinion on Kintetsu's Financing Plan with Public Offering

Aug. 20, 2013

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 13080

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL13-08

JCR Affirmed A Rating on Shinhan Card

JCR Withdraws BBB Long-term Issuer Rating on Nippon Light Metal

Aug. 19, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-08 (F Hospital)

Aug. 15, 2013

JCR Assigned J-1 to Medical Fees Receivable ABL13-08 (D Hospital)

Aug. 14, 2013

JCR Affirmed BBB/Stable and J-2 Rating on Kanematsu

JCR Affirmed AA-/Stable Long-term Issuer Rating on Activia Properties

JCR Assigned Preliminary AA- Rating to Shelf Reg. of ITOCHU

JCR's Opinion on America Movil's Announcement of Its Takeover Bid for KPN

Aug. 13, 2013

Trust Bonds No.37

JCR Affirmed A+ Rating on EMTN of Marubeni Corporation
JCR Affirmed A+ Rating on EMTN of Marubeni Finance Europe

Aug. 09, 2013

JCR Affirmed AA-/Stable, AA-, Pre. AA- and J-1+ Rating on Mitsubishi UFJ Lease & Finance

JCR Affirmed AA-/Stable and AA- on Coca-Cola West

JCR Affirmed A+/Stable and A+ Rating on Konica Minolta

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Maruzen Petrochemical

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR's Rating Review of FX Margin Trading Intermediaries

Aug. 08, 2013

JCR Assigned A Rating to Specified Bonds of Meiji Yasuda Life 2013 Fund SPC

JCR Assigned A- Rating to Bonds of Mori Building

JCR Affirmed BBB+/Stable and J-2 on GS Yuasa Corporation

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

JCR Assigned A/Stable Long-term Issuer Rating to Kenedix Residential Investment

Aug. 07, 2013

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Gifu Shinkin Bank

JCR Affirmed BBB+ Long-term Issuer Rating and BBB Rating on Sub.Bonds of Tokyo Star Bank; Revised Outlook from Negative to Stable

JCR Upgraded Rating on Hankyu Hanshin HLD from A/Stable to A+/Stable

JCR Upgraded Rating on Hanshin Electric Railway from A/Stable to A+/Stable

Aug. 06, 2013

JCR Affirmed A/Stable, A- and Preliminary A Rating on Chukyo Bank

JCR Affirmed AA- Rating on EMTN of Nomura Bank International; Decrease in Maximum Amount of Program
JCR Affirmed AA- Rating on EMTN of Nomura Europe Finance; Decrease in Maximum Amount of Program

JCR Affirmed AA-/Stable and AA- on Kuraray

JCR Upgraded Rating on IIF Investment Corporation from AA-/Positive to AA/Stable

Aug. 05, 2013

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Mazda Motor

JCR Affirmed A/Stable and A Rating on HORIBA, Ltd.

JCR Affirmed BBB-/Stable Rating on Airtech Japan

JCR Upgraded Rating on Isuzu Motors from A-/Positive to A/Stable

Aug. 02, 2013

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

JCR Assigned Preliminary A Rating to Shelf Reg. of Nippon Paper Industries

JCR Affirmed BBB-/Stable Long-term Issuer Rating on ShinGinko Tokyo

JCR Withdraws A-/Negative and J-1 Long-term Issuer Rating and Short-term Issuer Rating on Citigroup Japan Holdings

JCR Affirmed A-/Stable, Preliminary A- and J-1 Rating on Pocket Card

Aug. 01, 2013

JCR Assigned Preliminary A+ Rating to Shelf Reg. of Daicel

Jul. 31, 2013

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL13-07

JCR Assigned J-1+ Rating to ABCP Program of Godo Kaisha Alimone

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL13-07

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL13-07

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL13-07

JCR Withdraws BBB-/Stable Long-term Issuer Rating on DC

JCR Assigned Preliminary A Rating to Shelf Reg. of Konami

JCR Downgraded Rating on Tokyo Tomin Bank from A-/Negative to BBB+/Stable

Jul. 30, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL13-07

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL13-07

JCR Assigned Preliminary A+ Rating to Shelf Reg. of JX Holdings

JCR Assigned A- Ratings to JPY Bonds of Mexico

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Finance & Leasing

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

JCR Assigned Preliminary A+ Rating to Shelf Reg. of NGK Spark Plug

JCR Assigned Preliminary BBB Rating to Shelf Reg. of Zensho Holdings

Jul. 29, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-07

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable Beneficial Interest 13-07 (A Corp.)

Jul. 26, 2013

JCR Assigned AA- Rating to Bonds of Mitsui Fudosan

Jul. 25, 2013

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL13-07

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 13070

JCR's Rating Review of Electric Power Companies

JCR Affirmed BBB-/Stable and J-2 on Ichinen Holdings

JCR Affirmed A-/Stable Long-term Issuer Rating, A- and J-1 Rating on Central Glass

Jul. 24, 2013

[ Asset Securitization Products ]JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-07

[ Asset Securitization Products ]JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL13-07

JCR Affirmed AA+ Ratings on EDF

JCR Affirmed AAA/AAA (FC/LC) Long-term Issuer Ratings on Export Development Canada

JCR Assigned BBB Rating to Bonds of Hikari Tsushin

JCR's Opinion on Telefonica's Agreement with KPN on the acquisition of KPN's German Subsidiary

JCR Assigned BBB+ Rating to Bonds of Nagatanien

Jul. 23, 2013

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL13-07

JCR Affirmed AA+ Ratings on GDF SUEZ

JCR Affirmed Ap/Stable Long-term Issuer Rating on Toyo Ink SC Holdings

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

JCR Downgraded Rating on AvanStrate from #BB+[Negative] to #CC[Negative]; Maintains CM

Jul. 22, 2013

[ Asset Securitization Products ]JCR Assigned J-1 to Medical Fees Receivable ABL13-07 (Asahikawa Sanai HP)

[ Asset Securitization Products ]JCR Assigned J-1 to Medical Fees Receivable ABL13-07 (C Hospital)

JCR Affirmed A/Stable and J-1 on Daido Steel

JCR Affirmed BBB-/BBB (FC/LC) Long-term Issuer Ratings on Indonesia

Jul. 19, 2013

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 13070

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL13-07

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-07 (F Hospital)

JCR Affirmed AAA Rating on IDB