News Release

Aug. 22, 2012

JCR Assigned Preliminary AA- Rating to Shelf Registration of Toyota Tsusho

JCR Assigned BBB/Stable Rating to Senior Debts of Daiki Aluminium Industry

Aug. 21, 2012

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL12-08

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (G Hospital)

Aug. 20, 2012

Trust Bonds No.37

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (F Hospital)

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

JCR Assigned Preliminary AAA Rating to Shelf Reg. of DBJ

JCR Affirmed BB+/Stable Rating on Senior Debts of Yamada Servicer

JCR Upgraded Special Servicer Rating for Yamada Servicer Synthetic Office from S3- to S3

Aug. 17, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (I Hospital)

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 12080

JCR Withdraws S2- Special Servicer Rating on Theatres Servicer

JCR Affirmed AA-/Stable and AA- Rating on Kuraray

JCR Assigned Preliminary AA Rating to Shelf Registration of Chugoku Electric Power

JCR Assigned AA- Rating to Sub. Bonds of Bank of Tokyo-Mitsubishi UFJ

Aug. 16, 2012

JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (E Hospital)

Aug. 15, 2012

JCR Affirmed AAAp Rating on EBRD

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

Aug. 13, 2012

JCR Affirmed Ap/Stable Rating on Senior debts of Toyo Ink SC Holdings

JCR Affirmed BBB+/Stable, BBB+, Pre. BBB+ and J-2 on Mitsui Eng. & Shipbuilding

Aug. 10, 2012

JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (B Hospital)

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Aug. 09, 2012

JCR Assigned A Rating to Specified Bonds of Meiji Yasuda Life 2012 Fund SPC

JCR Downgraded Rating on Showa Shell Sekiyu from A+/Negative to A/Stable; Affirmed J-1 on CP

Aug. 08, 2012

[ Asset Securitization Products ]JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (D Hospital)

JCR Assigned A- Rating to Specified Bonds of Sumitomo Life Fund Securitization SPC V

JCR Assigned Preliminary AA Rating to Shelf Reg. of Kansai Electric Power

JCR Affirmed A+/Stable Rating on Senior debts of Shiga Bank

JCR Affirmed A Rating on Shinhan Card

JCR Affirmed AA- Rating on Industrial & Infrastructure Fund Investment Corporation; Revised Outlook to Positive

Aug. 07, 2012

JCR Assigned AA Rating to Bonds of Kyushu Electric Power

JCR Affirmed A/Stable, A, Preliminary A and J-1 Rating on Hankyu Hanshin HLD

JCR Affirmed A/Stable and A Rating on Hanshin Electric Railway

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Affirmed BBB+/Stable, Preliminary BBB+ and J-2 on Penta-Ocean Construction

Aug. 06, 2012

JCR Affirmed AA/Stable Ratings on Sony Life

JCR Affirmed BBB-/Stable Rating on Senior Debts of Ishihara Sangyo

JCR Affirmed BBB-/Stable Rating on Senior Debts of Airtech Japan

Aug. 03, 2012

JCR Assigned AA- Rating to Specified Bonds of Nissay 2012 Fund SPC

JCR Assigned A- Rating to Subordinated Loan of Toho Bank

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

JCR Affirmed A-/Stable, Preliminary A- and J-1 Rating on Central Glass

JCR Affirmed A/Stable and J-1 Rating on Heiwado

JCR Affirmed A-/Stable Rating on Senior debts of Japan Vilene

JCR Assigned Preliminary AA- Rating to Subordinated Bonds of Bank of Tokyo-Mitsubishi UFJ

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

Aug. 02, 2012

JCR Affirmed AAA FC/LC Ratings on Norway

JCR Affirmed AA-/Stable and AA- on United Urban Investment

JCR Affirmed BBB+/Stable, Preliminary BBB+ and BBB+ on Heiwa Real Estate

JCR Affirmed A/Stable Rating on Senior Debts of Juroku Bank
JCR Affirmed A/Stable Rating on Senior Debts of Gifu Bank

JCR Downgraded Rating on Sharp from A+ to #A-/Negative

JCR Affirmed A-/Stable and A- Rating on Valor

Aug. 01, 2012

JCR Withdraws BBB/Stable Rating on Senior debts of DAIKEN Corporation

JCR Assigned A- Rating to Bonds of Mori Building

JCR Removed CM; Affirmed A and J-1 Rating on TEPCO

JCR's Rating Review of FX Margin Trading Intermediaries

Jul. 31, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL12-07

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL12-07

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL12-07

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL12-07

JCR Withdraws J-1 Rating on CP of Mitsubishi Plastics

JCR Withdraws J-2 Rating on CP of UCS

Jul. 30, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL12-07

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL12-07

Jul. 27, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-07

JCR Assigned Preliminary BBB Rating to Subordinated Bonds of Tokyo Star Bank

JCR Affirmed A/Stable and A- on Hokuetsu Bank

Jul. 26, 2012

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable Beneficial Interest 12-07 (A Corp.)

JCR Affirmed A- Rating on SMBC Consumer Finance; Revised Outlook to Stable

JCR Affirmed BBB+/Stable Rating on Senior debts of Gifu Shinkin Bank

JCR Assigned A+ Rating to JPY Bonds of Hana Bank

JCR Assigned A Rating to Bonds of Sumitomo Realty & Development

Jul. 25, 2012

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL12-07

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 12070

JCR Assigned BBB Rating to Bonds of Sojitz Corporation

JCR Assigned A+ Preliminary Ratings to JPY Bonds of Hana Bank

Jul. 24, 2012

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-07

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL12-07

JCR Affirmed A/Stable and A- on Eighteenth Bank

JCR Withdraws A-/Stable Rating on Senior debts of Taiho Kogyo

JCR Affirmed A- and J-1 Rating on Isuzu Motors; Revised Outlook from Stable to Positive

JCR Affirmed AA/Stable and J-1+ Rating on Bridgestone

JCR Assigned AA- Rating to Bonds of SMFL

Jul. 23, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-07 (Asahikawa Sanai HP)

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL12-07

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

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

Jul. 20, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-07 (C Hospital)

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL12-07

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-07 (G Hospital)

JCR Assigned AA- Rating to Bonds of United Urban Investment

JCR Affirmed J-2 Rating on CP of Yanmar

JCR Assigned A+ Rating to Bonds of Meiji Holdings

JCR Assigned A Rating to Bonds of Daiichikosho

JCR Assigned A- Rating to Subordinated Bonds of Chukyo Bank

JCR Downgraded Rating on Nippon Tochi-Tatemono from A-/Stable to BBB+/Stable

JCR Assigned A+ Rating to Bonds of Mitsubishi Chemical Holdings

JCR Assigned A- Rating to Bonds of Tokyu Land Corporation

JCR Assigned Preliminary AA Rating to Shelf Reg. of Kyushu Electric Power