News Release

Feb. 21, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-02 (Asahikawa Sanai HP)

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of Accordia Golf

JCR Affirmed A+ Ratings on CABEI and Revised Outlook to Positive from Stable

JCR Assigned Preliminary A Rating to Shelf Registration of Takara Holdings

JCR Affirmed AA/Stable and AA Rating on Urban Renaissance Agency

JCR Affirmed BBB+ Long-term Issuer Rating on Aozora Bank; Revised Outlook from Stable to Positive

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

Feb. 20, 2013

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-02

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL13-02

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL13-02

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 13020

JCR Assigned BBB+ Rating to Subordinated Loan of Sumitomo Realty & Development

JCR Affirmed BBB+/Stable on FIDEA Holdings
JCR Affirmed BBB+/Stable on Shonai Bank
JCR Affirmed BBB/Stable on Hokuto Bank

JCR Affirmed A/Stable and A- on Shimizu Bank

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

JCR Upgraded Rating on Kobelco Construction Machinery to A-/Stable and J-1

JCR Affirmed AA/Stable Rating on SECOM General Insurance

Feb. 19, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-02 (F Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-02 (C Hospital)

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to CATERPILLAR Kyushu Bills ABL13-02

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-02 (E Hospital)

JCR Affirmed AA+/Stable Rating on SECOM

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Affirmed A+/AA- (FC/LC) Long-term Issuer Ratings on Daejeon City
JCR Affirmed A+ Ratings on Bonds of Daejeon Riverside Expressway Funding

JCR Affirmed AA/Stable and AA on Daiwa House Industry

JCR Affirmed A/Stable, A- and A- Rating on Ogaki Kyoritsu Bank

JCR Assigned AA- Rating to Bonds of Nomura Holdings

JCR Affirmed BBB/Stable Long-term Issuer Rating on San Holdings

Feb. 18, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-02 (D Hospital)

JCR Affirmed A, Pre. A and J-1 Rating on Nippon Car Solutions; Revised Outlook to Positive

JCR Affirmed AA Rating on Pohjolan Voima Oy

JCR Upgraded Rating on Century Tokyo Leasing from A/Positive to A+/Stable; Affirmed J-1
JCR Upgraded Rating on FUJITSU LEASING from A/Positive to A+/Stable; Affirmed J-1

JCR Affirmed AA Rating on Teollisuuden Voima Oyj

JCR Affirmed A-/Stable Rating on Maruzen Showa Unyu

JCR Affirmed J-2 Rating on CP of Furukawa Electric

Feb. 15, 2013

JCR Downgraded Long-term Issuer Rating on Iino Kaiun Kaisha from BBB+/Negative to BBB/Stable

JCR Affirmed A+ Rating on Nippon Yusen Kabushiki Kaisha; Revised Outlook to Negative

JCR Affirmed BBB+ Long-term Issuer Rating, BBB+, BBB- and J-2 Rating on Kawasaki Kisen Kaisha

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed A/Stable and A on Mitsui-Soko

JCR Assigned AA- Rating to Bonds of Tokai Rubber Industries

JCR Withdraws A+/Stable Long-term Issuer Rating on Hokkoku Bank

Feb. 14, 2013

JCR Affirmed AAA/AAA (FC/LC) Long-term Issuer Ratings on Denmark

JCR Affirmed A-/Stable Rating on Hokuto Corporation

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

JCR Affirmed A/Stable and J-1 Rating on IBJL-TOSHIBA Leasing

JCR Downgraded Rating on Mitsui Chemicals from A+ to A; Affirmed J-1 on CP

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

Feb. 13, 2013

JCR Assigned J-1 to Medical Fees Receivable ABL13-02 (B Hospital)

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

Feb. 12, 2013

JCR Assigned Preliminary AA- Rating to Shelf Registration of Mitsui Fudosan

JCR Affirmed A/Stable and J-1 on AEON Kyushu

JCR Placed Ratings on Nisshin Steel under Credit Monitor #A[Negative], #BBB+[Negative], and Preliminary #A[Negative]

Feb. 08, 2013

[ Asset Securitization Products ] JCR Assigned Preliminary BBB Rating to ABL of WBBL

JCR Affirmed A+/Stable and A+ Rating on NGK Spark Plug

JCR Affirmed BBB/Stable and BBB on Tonami Holdings

JCR Assigned Preliminary A- Rating to Shelf Registration of Mori Building

JCR Assigned Preliminary A Rating to Shelf Registration of SCSK Corporation

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

JCR Assigned AA Rating to Bonds of MORI TRUST Sogo Reit

Feb. 07, 2013

JCR Assigned Preliminary BBB+ Rating to Subordinated Loan of Sumitomo Realty & Development

JCR Affirmed A/Stable, A, BBB+, Pre. A and J-1 Rating on Sumitomo R&D

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Assigned Preliminary A Rating to Shelf Reg. of Kenedix Realty Investment

Feb. 06, 2013

JCR Affirmed A+/Stable and J-1 Rating on Sumitomo Mitsui Trust Loan & Finance

JCR Assigned J-2 Rating to CP of Mitsubishi Paper Mills

JCR Affirmed A+/Stable and J-1 on Sumitomo Mitsui Trust Panasonic Finance

Feb. 05, 2013

JCR Maintains CM; Affirmed #A[Negative] Rating on Receivable against Softbank Mobile Corporation 091204

JCR Maintains CM; Affirmed #A[Negative] Rating on Receivable against Softbank Mobile Corporation 091228

JCR Maintains CM; Affirmed #A[Negative] Rating on Receivable against Softbank Mobile Corporation 100331

JCR Maintains CM; Affirmed #A[Negative] Rating on Receivable against Softbank Mobile Corporation 080630

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

JCR Affirmed BBB-/Stable Rating on Harima-Kyowa

JCR Affirmed BBB/Stable, BBB, Pre. BBB and J-2 Rating on Daikyo

JCR Affirmed BBB/Stable Long-term Issuer Rating on Oenon Holdings

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

JCR Affirmed BBB+/Stable Rating on Yamazen Corporation

Feb. 04, 2013

JCR Affirmed AA-p/Stable Rating on FamilyMart

JCR Assigned Preliminary BBB+ Rating to Subordinated Loan of Minato Bank

Feb. 01, 2013

JCR Upgraded Ratings on CAF from AA- to AA

JCR Affirmed #A[Negative] on Softbank; Removed CM for CP
JCR Affirmed #A-[Negative] on SFJ Capital

JCR Affirmed A/Stable and BBB+ Rating on Yokogawa Electric

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency

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

JCR Assigned Preliminary AA-, A+ and A Rating to Shelf Registration of Mizuho Corporate Bank

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

JCR Affirmed BBB/Stable Long-term Issuer Rating on Tsukuba Bank

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

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 Family Bank
JCR Affirmed A/Stable on Shinwa Bank

JCR Assigned AA- Rating to Bonds of ORIX JREIT Inc.

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

JCR Affirmed A+/Stable and A on Musashino Bank

Jan. 31, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL13-01

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL13-01

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL13-01

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL13-01

JCR Affirmed AA+ Ratings on EDF

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

JCR Affirmed A+p/AA-p (FC/LC) Ratings on KDB

JCR Assigned A Rating to Subordinated Loan of JFE Holdings