News Release

Oct. 18, 2011

<Asset Securitization Products> JCR Assigned J-1 to Medical Fees Receivable ABL11-10 (Kyowakai)

JCR Affirmed A+/Stable and J-1+ Rating on Meiji Yasuda Life Insurance

JCR Affirmed A+/Stable and J-1+ Rating on Dai-ichi Life Insurance

JCR Affirmed AAp/Stable and J-1+ Rating on Nippon Life Insurance

JCR Assigned A- Rating to Bonds of Senko

JCR Affirmed A/Stable Rating on Sumitomo Life Insurance

JCR Affirmed AA/Stable Rating on Senior debts of 77 Bank

JCR Removed Credit Monitor; Downgraded Rating on Sendai Bank to BBB-

JCR Affirmed A-/Stable, BBB+ & Pre. A- Rating on Kita-Nippon Bank

JCR Downgraded Rating on Tohoku Bank from BBB+ to BBB with Stable Outlook

JCR Removed CM; Affirmed BBB- & BB+ Rating on Kirayaka Bank

Oct. 17, 2011

<Asset Securitization Products> JCR Assigned J-1 to Medical Fees Receivable ABL11-10 (K Hospital)

JCR Affirmed BBB+/Stable Rating on Senior Debts of Jowa Holdings

JCR Affirmed A/Stable Rating on Sr.debts of Nishimatsuya Chain

Oct. 14, 2011

<Asset Securitization Products> JCR Assigned J-1+ to Takeda General Hospital Beneficial Interest 11-11

<Asset Securitization Products> JCR Assigned J-1+ to Takeda General Hospital Beneficial Interest 11-10

JCR Assigned AA Rating to Bonds of Nippon Steel

JCR Affirmed AA- Rating to Bonds of Sumitomo Metal Industries

JCR Assigned AA- Rating to Bonds of Mizuho Corporate Bank

JCR Assigned AA- and A+ Rating to Bonds and Sub. Bonds of SMBC

JCR Withdraws BBB/Stable Rating on Senior debts of Towa Sangyo

JCR Assigned AA- Rating to Bonds of Asahi Group Holdings

JCR Affirmed AA-/Stable and A+ on Awa Bank

Oct. 13, 2011

JCR Assigned Pre. J-1 to Kurashiki Medical Center Beneficial Interest 11-10

JCR Withdraws Pre. BBB+ Rating on Shelf Reg. of Nippon Sheet Glass

JCR Assigned A Rating to Bonds of Kureha

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

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Assigned Preliminary BBB+ Rating to Shelf Reg. of Cosmo Oil

JCR Affirmed A-/Stable and A- on Arakawa Chemical Industries

Oct. 12, 2011

JCR Assigned J-1 to Medical Fees Receivable ABL11-10 (B Hospital)

JCR Assigned Pre. J-1+ to Bills Receivable Beneficial Interest 11-10 (A Corp.)

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Affirmed J-2 Rating on CP of Fuji Electric Finance & Accounting Support

JCR Assigned BBB+ Rating to Bonds of Mitsubishi Materials

JCR Assigned BBB+ Rating to Bonds of Fuji Electric; Affirmed BBB+/Stable, BBB+, Preliminary BBB+ and J-2

Oct. 11, 2011

<Asset Securitization Products> JCR Assigned Preliminary A to NIHONWASOU CREDIT Installment Sec. 201110

JCR Affirmed A/Stable Rating on Senior Debts of Izumi

Oct. 07, 2011

JCR Assigned J-1 Rating to CP of Nidec Corporation

JCR Assigned AA- Rating to Bonds of Hitachi Capital

JCR Assigned BBB+ Rating to Bonds of Makino Milling Machine; Affirmed BBB+/Stable and BBB+

JCR Assigned A- Rating to Bonds of Showa Denko

JCR Assigned A+ Rating to Bonds of Marubeni Corporation

JCR Assigned A Rating to Bonds of Century Tokyo Leasing Corporation

Oct. 06, 2011

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

JCR Affirmed A-/Stable and BBB+ on Ehime Bank

JCR Affirmed BBB+ and Preliminary BBB+ Rating on Kintetsu; Revised Outlook to Negative

JCR Affirmed BBB/Stable and BBB- on Bank of Kochi

Oct. 05, 2011

JCR Affirmed BBB/Stable Rating on Yahagi Construction

JCR Assigned Pre. AA, AA- & A+ to Shelf of Mitsubishi UFJ Trust & Banking

JCR Affirmed BBB- Rating on Mitsubishi Paper Mills; Revised Outlook to Negative

JCR Assigned AA+ Rating to Bonds of NTT Finance

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed BBB/Stable Rating on Senior debts of Starzen

JCR Affirmed AA-/Stable, AA-, Pre. AA- and J-1+ on Toyota Tsusho

JCR Assigned Preliminary A Rating to Shelf Registration of Hokkaido Gas

JCR Assigns A Preliminary Ratings to JPY Bonds of America Movil

JCR's Rating Review of Blast Furnace Steel Manufacturers

JCR Assigned AA/Negative to Senior Debts of Sharp Corp.

Oct. 04, 2011

JCR Affirmed BBB Rating on Chiba Kogyo Bank; Revised Outlook to Positive

JCR Affirmed BBB+/Stable Rating on Senior debts of Daiichi Jitsugyo

JCR Affirmed BBB Rating on Mitsui Life Insurance; Revised Outlook to Negative

JCR Affirmed BB/Negative Rating on Asahi Mutual Life Insurance

Oct. 03, 2011

JCR Affirmed AA- on EMTN of Sumitomo Mitsui Finance and Leasing

JCR Assigned A/Stable and A Rating to SCSK Corporation

JCR Withdraws #BB+/Positive Rating on CSK Corporation

Sep. 30, 2011

JCR Assigned J-1+ to Mortgage Service Japan ABL Program

<Asset Securitization Products> JCR Assigned J-1+ to Teral Bills Receivable ABL11-09

<Asset Securitization Products> JCR Assigned J-1 to Molten Bills Receivable ABL11-09

<Asset Securitization Products> JCR Assigned J-1 to Nohara Bills Receivable ABL11-09

<Asset Securitization Products> JCR Assigned J-1 to Medical Fees Receivable ABL11-09(2) (D Hospital)

<Asset Securitization Products> JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL11-09

JCR Affirmed A+/Stable, A+, A and Pre. A+ on Hiroshima Bank

JCR Assigned Preliminary A- Rating to Shelf Reg. of Nisshin Oillio Group

JCR Affirmed J-1 on CP of Orient Corporation

JCR Affirmed BBB+/Stable Rating on Senior Debts of Hakuto

JCR Affirmed BBB-/Stable Rating on Senior Debts of Nakabayashi

JCR Assigned Preliminary AA- Rating to Shelf Registration of Japan Atomic Power

JCR Affirmed J-1 on CP of Sharp Finance

Sep. 29, 2011

<Asset Securitization Products> JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL11-09

<Asset Securitization Products> JCR Assigned J-1 to Aso Shoji Bills Receivable ABL11-09

JCR Withdraws BBB+, BBB & BBB- Ratings on EMTN Programme of Tokyo Star Bank

JCR Affirmed J-1 on CP of Pocket Card

Sep. 28, 2011

<Asset Securitization Products> JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL11-09

<Asset Securitization Products> JCR Assigned J-1+ to Bills Receivable Beneficial Interest 11-09 (A Corp.)

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

JCR Affirms A Ratings on Busan Bank

JCR Assigned Preliminary AA- Rating to Shelf Registration of Global One Real Estate Investment

JCR Affirmed BBB+/Stable, Preliminary BBB+ and J-2 on Cosmo Oil

Sep. 27, 2011

JCR Affirmed AAA on Loan B of HC Ayasegawa

JCR Affirmed AAA on Beneficial Interest of Resona Bank (Tokio Marine Financial Solutions)

<Asset Securitization Products> JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL11-09

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

Sep. 26, 2011

<Asset Securitization Products> JCR Assigned J-1+ to MSNW Trust Certificate Series 11090

<Asset Securitization Products> JCR Assigned J-1 to Kimura Bills Receivable ABL11-09

JCR Affirmed BBB-/Stable Rating on Senior debts of Gyokushoukai

Sep. 22, 2011

<Asset Securitization Products> JCR Assigned J-1+ to Amano Bills Receivable Beneficial Int. 11-09

<Asset Securitization Products> JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL11-09

<Asset Securitization Products> JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL11-09

<Asset Securitization Products> JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL11-09