News Release

Feb. 17, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Kurashiki Medical Center Beneficial Interest 12-02

[ Asset Securitization Products ] JCR Assigned Preliminary J-1+ to Medical Fees Receivable Beneficial Interest Program (Takeda General Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (Kyowakai)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (I Hospital)

JCR Affirmed A+/Stable Rating on Senior Debts of Oita Bank

JCR Affirmed J-1+ Rating on CP of Toyota Motor

JCR Assigned A+ Rating to Bonds of Kobe Steel

JCR Assigned A+ Rating to Bonds of Ito En

Feb. 16, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Dispensing Fees Receivable ABL12-02 (sun-kur)

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL12-02

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (K Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (E Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (M Hospital)

JCR Affirmed BBB+/Stable and BBB+ Rating on Shibusawa Warehouse

JCR Assigned A-/Stable, A-, Preliminary A- and J-1 Rating to IHI Corporation

JCR Affirmed AA-/Stable Rating on Benesse Holdings

JCR Assigned AA- Rating to Bonds of SMFL

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

JCR Assigned AA Rating to Bonds of Kansai International Airport

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Feb. 15, 2012

[ Asset Securitization Products ] JCR Assigned J-1+ to Takeda General Hospital Beneficial Interest 12-02

JCR's Opinion on Notice by Industrial & Infrastructure Fund Investment Corporation Regarding Issuance of New Investment Units

Feb. 14, 2012

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

JCR Affirmed A Rating on Kenedix Realty Investment; Revised Outlook to Positive

JCR Affirmed AA/Stable, AA, Preliminary AA and J-1+ on Sumitomo Electric Industries

JCR Affirmed AA/Stable and AA on Sumitomo Wiring Systems

JCR Downgraded Rating on Elpida Memory from #BBB/Negative to #BBB-/Negative; Maintains CM Negative

Feb. 13, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Kurashiki Medical Center Beneficial Interest 12-02

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (B Hospital)

JCR Affirmed A+/Stable and J-1+ Rating on Kyoei Fire & Marine Insurance

JCR Affirmed AA+/Stable and AA+ Rating on Japan Water Agency

JCR Assigned BBB+/Stable Rating to Senior Debts of Marudai Food

Feb. 10, 2012

JCR Affirmed A+ rating on CABEI

JCR Assigned A- Rating to Bonds of Mori Building

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency; Affirmed AA/Stable and AA

JCR Affirmed AA- rating on CAF

JCR Affirmed A Rating on Century Tokyo Leasing; Revised Outlook from Stable to Positive

JCR Affirmed A Rating on Fujitsu Leasing; Revised Outlook from Stable to Positive

JCR Assigned A+ Rating to Subordinated Bonds of Mizuho Bank

JCR Assigned AA Rating to Bonds of MORI TRUST Sogo Reit

Feb. 09, 2012

[ Asset Securitization Products ] JCR Assigned Pre. J-1+ to Bills Receivable Beneficial Interest 12-02 (A Corp.)

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

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

Feb. 08, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-02 (D Hospital)

JCR Assigned AA Rating to Bonds; Affirmed AA/Stable and AA on Nomura Real Estate Residential Fund

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

JCR Assigned AAA Rating to Bonds of DBJ

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed A+p/Stable Rating on Senior debts of Kansai Paint

Feb. 07, 2012

JCR Affirmed AA/Stable and AA on Oriental Land

JCR Affirmed BBB+/Stable Rating on Senior debts of Yamazen Corporation

JCR Assigned Preliminary A Rating to Shelf Registration of J.Front Retailing

JCR Affirmed AA+/Stable Rating on Seven & i Holdings
JCR Affirmed AA+/Stable Rating on Seven-Eleven Japan

Feb. 03, 2012

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed BBB+/Stable and J-2 Rating on Mitsubishi Electric Credit

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

Feb. 02, 2012

JCR Assigned A+ Ratings to Bonds of Kookmin Bank

JCR Affirmed A- Rating on Daido Fire & Marine Insurance; Revised Outlook to Negative

JCR Affirmed BBB/Stable Rating on Senior Debts of Nippon Fine Chemical

JCR Placed Ratings on Nippon Sheet Glass under Credit Monitor #BBB+/Negative

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

JCR Affirmed A/Stable, A and J-1 Rating on Krosaki Harima

JCR Downgraded Rating on SUMCO from A/Negative to A-/Negative

JCR Placed Ratings on Elpida Memory under Credit Monitor #BBB/Negative

Feb. 01, 2012

JCR Assigned A and J-1 Rating to Senior Debts and CP of IBJL-TOSHIBA Leasing

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

JCR Affirmed AAA Ratings on Singapore

JCR Placed Ratings on Sharp Corporation under Credit Monitor #AA/Negative

JCR Affirmed BBB Rating on Royal Holdings; Revised Outlook from Negative to Stable

Jan. 31, 2012

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL12-01

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL12-01

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

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL12-01

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL12-01

JCR Affirmed BBB+ Rating on Iino Kaiun Kaisha; Revised Outlook from Stable to Negative

JCR Downgraded Rating on EMTN Programme of Mitsui O.S.K. Lines from AA- to A+
JCR Downgraded Rating on EMTN Programme of Euromol from AA- to A+

JCR Withdraws BBB+/Stable and J-2 Rating on Toshiba Finance Corporation

JCR Affirmed A-/Stable and J-1 Rating on Mori Building

JCR Downgraded Rating on Mitsui O.S.K. Lines from AA-/Negative to A+/Stable

JCR Affirmed AA-/Stable Rating on Sr.debts of Sony Bank

JCR Affirmed J-2 Rating on CP of Marudai Food

JCR Affirmed AAA/Stable Rating on Senior debts of Hitotsubashi University

JCR Assigned J-1+ Rating to CP of Sekisui House

JCR Affirmed BBB+/Stable and J-2 Rating on Senior debts and CP of Kowa Real Estate

Jan. 30, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL12-01

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL12-01

JCR Placed Ratings on TonenGeneral Sekiyu K.K. under Credit Monitor #AA-[Negative] and #J-1+[Negative]

JCR Affirmed A+p/Stable Rating on Senior Debts of Oji Paper

JCR Affirmed BBB+/Stable Rating on Sr.debts of SEIBU HOLDINGS

Withdraws BBB+/Stable Rating on Senior debts of Roland Corporation

JCR Upgraded Rating on Daikyo from BBB-/Positive to BBB/Stable

Jan. 27, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-01

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable Beneficial Interest 12-01 (A Corp.)

JCR Affirmed A+/Stable Rating on Sumitomo Warehouse

JCR Affirmed A-/Stable Rating on Hokuto Corporation

JCR Assigned Preliminary A+ Rating to Subordinated Bonds of Mizuho Bank

Jan. 26, 2012

JCR Assigned Preliminary A Rating to Shelf Registration of Chukyo Bank

JCR Affirmed AAA Rating on Bonds of Aichi Prefecture

JCR Assigned AA+ Rating to Bonds of Japan Student Services Organization

JCR Affirmed A+/Stable Rating on Senior debts of Kyoritsu Women's Educational Institution