News Release

Jul. 29, 2011

<Asset Securitization Products> Assigned J-1+ to Teral Bills Receivable ABL11-07

<Asset Securitization Products> Assigned J-1 to Toda Kogyo Bills Receivable ABL11-07

<Asset Securitization Products> Assigned J-1 to Molten Bills Receivable ABL11-07

<Asset Securitization Products> Assigned J-1 to Hayakawa Rubber Bills Receivable ABL11-07

Affirmed A+/Stable rating on senior debts of Daishi Bank

JCR Assigned J-2 rating to CP of Rakuten Card
JCR Withdraws #BBB+/Developing and #J-2/Developing rating on Rakuten KC

Upgraded Mitsubishi Jisho Residence to AA/Stable from AA-/Positive

Affirmed A/Stable and A- on Taiko Bank

Upgraded rating on Asahi Printing from BBB/Stable to BBB+/Stable

Affirmed A+/Stable rating on senior debts of Shiga Bank

Assigned J-1 rating to CP of Sumishin Real Estate Loan & Finance

JCR Affirmed AA- on Euro Note Programmes of Nomura Bank International
JCR Affirmed AA- on Euro Note Programmes of Nomura Europe Finance

Jul. 28, 2011

<Asset Securitization Products> Assigned J-1 rating to Aso Shoji Bills Receivable ABL11-07

Assigned Pre. BBB rating to subordinated bonds of Tokyo Star Bank

Jul. 27, 2011

<Asset Securitization Products> Assigned J-1+ to Bills Receivable Ben. Int. 11-07 (A Corp.)

<Asset Securitization Products> Assigned J-1 to Hyakugo Bank B Co. Bills Receivable ABL11-07

Assigned AA- rating to bonds of SMFL

Assigned preliminary A- rating to shelf reg. of Minato Bank

Jul. 26, 2011

<Asset Securitization Products> Assigned J-1+ to JUTEC Bills Receivable ABL11-07

Assigned A- rating to bonds of Mori Building

Affirmed A- and J-1 on Pocket Card; Revised outlook to Stable

Assigned AAA rating to bonds of JFC

Assigned AA-/Stable to sr.debts of Advance Residence Inv. Corp.

Affirmed BBB+/Stable and BBB+ rating on Heiwa Real Estate

Jul. 25, 2011

<Asset Securitization Products> Assigned J-1+ to MSNW Trust Certificate Series 11070

<Asset Securitization Products> Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL11-07

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-07 (J Hospital)

<Asset Securitization Products> Assigned J-1 to dispensing fees ABL11-07 (Nanba Pharmacy)

Affirmed BBB/Stable rating on sr.debts of Kanto Denka Kogyo

Affirmed BBB-/Stable rating on Ishihara Sangyo

Jul. 22, 2011

<Asset Securitization Products> Assigned pre.J-1 to Hyakugo Bank B Co. Bills Receivable ABL11-07

Assigned AA- rating to bonds of ITOCHU

Assigned A- rating to bonds of Konoike Transportation

Assigned A- rating to bonds of Nagoya Railroad

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

Assigned A rating to bonds of Sumitomo Realty & Development

Assigned AA- rating to bonds of Mitsubishi UFJ Lease & Finance

Jul. 21, 2011

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-07 (Asahikawa Sanai HP)

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-07 (G Hospital)

<Asset Securitization Products> Assigned pre. J-1 rating to Aso Shoji Bills Receivable ABL11-07

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-07 (C Hospital)

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-07 (M Hospital)

JCR's Rating Review of FX Margin Trading Intermediaries

Assigned BBB+ rating to bonds of Nippon Sheet Glass

Assigned A rating to subordinated bonds of Musashino Bank

Assigned A- rating to bonds of Valor

Assigned A rating to bonds of Acom

Affirmed AA-/Stable rating on Global One Real Estate Investment

Affirms A/A+ (FC/LC) ratings on Malaysia; Outlook Stable

Assigned A+ rating to bonds of Mitsui Chemicals

Jul. 20, 2011

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-07 (H Hospital)

<Asset Securitization Products> Assigned J-3 to Narasaki Stax Accounts Receivable ABL11-07

<Asset Securitization Products> Assigned preliminary J-1+ to MSNW Trust Certificate Series 11070

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-07 (I Hospital)

Affirms AA+ FC Rating on Quebec with stable outlook

Affirmed AA+p/Stable rating on sr.debts of Astellas Pharma

Assigned BBB and pre. BBB rating to bonds and shelf of Nichias

Jul. 19, 2011

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-07 (F Hospital)

<Asset Securitization Products> Assigned J-1 to Kurashiki Medical Center Ben. Int. 11-07

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-07 (L Hospital)

Assigned AA-/Stable rating to sr.debts of United Urban Inv Corp.

Assigns Pre #A+ to JPY bonds on Hana Bank

Jul. 15, 2011

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-07 (K Hospital)

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-07 (Kyowakai)

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-07 (E Hospital)

<Asset Securitization Products> Assigned J-1 to Dispensing Fees Receivable ABL11-07 (sun-kur)

Affirmed J-2 rating on CP of Asax

Assigned BBB rating to bonds of Nihon Chouzai

Assigned AAA rating to bonds of Aichi Prefecture

Assigned A rating to bonds of Kawasaki Heavy Industries

Assigned AAA rating to bonds of Development Bank of Japan

Assigned AA- rating to bonds of Sumitomo Metal Ind.

Jul. 14, 2011

Assigned J-1+ to Takeda Gen. Hospital Beneficial Interest 11-07

Affirmed BBB+/Positive rating on Chubu Shiryo

Affirmed A+/Stable and J-1 on Sumishin Panasonic Fin. Services

Affirmed BB+/Stable rating on sr.debts of Yamada Servicer

Affirmed S3- Servicer Rating on Yamada Servicer

Assigned AA rating to bonds of Keio Corporation

Jul. 13, 2011

Assigned pre. A- to bonds of Sumitomo Life Fund Sec. SPC IV

Assigned pre. J-1 to Kurashiki Medical Center Ben. Int. 11-07

Affirms AAA Ratings on Canada; Outlook Stable

Affirmed A-/Stable rating on AOKI Holdings

Assigned A-/Stable rating to sr.debts of EDION Corporation

Affirmed BBB-/Stable on ShinGinko Tokyo

Withdraws AA- rating on Bonds (pre.) of SMFL

Assigned AA- rating to bonds of SMBC

Assigned AA- rating to bonds of Mizuho Corporate Bank

Jul. 12, 2011

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-07 (B Hospital)

<Asset Securitization Products> Assigned pre. J-1+ to Bills Receivable Ben. Int. 11-07 (A Corp.)

Assigned pre. A to bonds of Meiji Yasuda Life 2011 Fund SPC

Jul. 11, 2011

Assigned preliminary AA- rating to bonds of Nissay 2011 Fund SPC

Affirmed BBB+/Positive, pre. BBB+ and J-2 on Accordia Golf

Assigned BBB+/Stable rating to senior debts of Rakuten Credit

Assigned BBB rating on bonds of Elpida Memory

Revised rating on Penta-Ocean Construction to BBB+/Stable

Jul. 08, 2011

Assigned A+ rating to bonds of Marubeni Corporation

Affirmed BBB rating on Nagatanien; Revised outlook to Positive

Affirmed BBB+/Stable and BBB rating on Tomato Bank

Assigned AA- rating to bonds of Odakyu Electric Railway

Affirmed BBB- rating on Nissen HD; Revised outlook to Positive