News Release

Jul. 08, 2011

Assigned pre. A- rating to shelf reg. of Sumitomo Osaka Cement

Assigned preliminary BBB+ rating to shelf reg. of Tobu Railway

Assigned AA- to subordinated bonds of Tokyo-Mitsubishi UFJ

Assigned AA rating to bonds of Tokyo-Mitsubishi UFJ

Assigns A- Rating to Poland's JPY bonds

Withdraws A+/Stable rating on sr.debts of Santen Pharmaceutical

Assigned A- rating to bonds of Tokyo Tatemono

Jul. 07, 2011

Affirmed BBB/Stable rating on senior debts of Hitachi Zosen

Assigned pre. AAA rating to shelf of Electric Power Development

Assigned preliminary AA rating to shelf reg. of JFE Holdings

Affirmed J-2 on CP of Ichinen Holdings

Jul. 06, 2011

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

JCR Removed CM; Affirmed A on Fuji Fire and Marine Insurance with Stable Outlook
JCR Removed CM; Upgraded rating on Fuji Life Insurance from #A-/Positive to A/Stable

Affirmed A/Stable and A rating on Horiba, Ltd.

Assigned AAA rating to bonds of Aichi Prefecture

Jul. 05, 2011

Affirms AAA ratings on the Netherlands: Outlook Stable

Affirmed BBB-/Stable and J-2 rating on Furukawa Co., Ltd.

Jul. 01, 2011

Assigned A+ rating to bonds of Marubeni Corporation

Assigned preliminary A rating to shelf reg. of Daiichikosho

Affirmed AA-/Stable, pre. AA- and J-1+ on Asahi Group Holdings

Assigned pre. A+ rating to shelf reg. of Marubeni Corporation

Withdraws BBB+/Stable, pre. BBB+ and J-2 rating on Matsui Sec.

Assigned preliminary A rating to shelf reg. of Acom

Assigned AAA rating to bonds of Aichi Prefecture

Affirmed AA/Stable and J-1+ on Bridgestone Corporation

Assigned preliminary AA- rating to shelf of Sumitomo Metal Ind.

Assigns A- Preliminary Rating to Poland's JPY bonds

Withdraws BBB (FC)/BBB+ (LC) ratings of Bulgaria

Affirmed AA/Stable, AA and J-1+ on HOYA Corporation

Jun. 30, 2011

<Asset Securitization Products> Assigned J-1 to Nohara Bills Receivable ABL11-06

<Asset Securitization Products> Assigned J-1+ to Teral Bills Receivable ABL11-06

<Asset Securitization Products> Affirmed AA- rating on Octave Synthetic CDO Series 4 bonds

<Asset Securitization Products> Assigned J-1 to Molten Bills Receivable ABL11-06

Assigned preliminary AA- rating to shelf of Sumitomo Metal Ind.

Withdraws D rating on sr. debts of Es-Con Japan

Affirms AAA Ratings on Belgium

Jun. 29, 2011

<Asset Securitization Products> Assigned J-1 rating to Aso Shoji Bills Receivable ABL11-06

Affirmed A-/Stable, A- and J-1 rating on Nipro

Affirmed J-1 rating on CP of Japan Pulp and Paper Company

Jun. 28, 2011

<Asset Securitization Products> Assigned J-1 to Hyakugo Bank B Co. Bills Receivable ABL11-06

<Asset Securitization Products> Assigned J-1+ to Bills Receivable Ben. Int. 11-06 (A Corp.)

<Asset Securitization Products> Assigned J-1 to Hayakawa Rubber Bills Receivable ABL11-06

Assigned preliminary A+ and A to shelf reg. of Mizuho Bank

Assigned AA+ rating to bonds of Japan Student Services

Jun. 27, 2011

<Asset Securitization Products> Assigned J-1 to Kimura Bills Receivable ABL11-06

<Asset Securitization Products> Assigned J-1 to dispensing fees ABL11-06 (Nanba Pharmacy)

<Asset Securitization Products> Assigned J-1+ to MSNW Trust Certificate Series 11060

Affirmed A/Stable rating on senior debts of OSG Corporation

Affirmed A/Stable and A- rating on Eighteenth Bank

Affirmed J-2 rating on CP of Yanmar

Withdraws pre. A+ rating on shelf of Marubeni Corporation

Jun. 24, 2011

Assigned pre. AA- to subordinated bonds of Tokyo-Mitsubishi UFJ

Assigned A-/Stable rating to senior debts of Saikyo Shinkin Bank

Jun. 23, 2011

<Asset Securitization Products> Assigned pre.J-1 to Hyakugo Bank B Co. Bills Receivable ABL11-06

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-06 (J Hospital)

Affirmed BBB+/Stable and BBB+ rating on Shoei

Revised rating on Kohnan Shoji from BBB/Stable to BBB+/Stable

Jun. 22, 2011

<Asset Securitization Products>Assigned J-1 to Medical Fees Receivable ABL11-06 (M Hospital)

<Asset Securitization Products>Assigned J-1 to Medical Fees Receivable ABL11-06 (Asahikawa Sanai HP)

<Asset Securitization Products>Assigned J-1 to Medical Fees Receivable ABL11-06 (C Hospital)

Affirmed A-/Stable rating on senior debts of Yokohama Shinkin

Affirms AAA Ratings on LBBW; Outlook Stable

Jun. 21, 2011

<Asset Securitization Products> Assigned preliminary J-1+ to MSNW Trust Certificate Series 11060

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-06 (G Hospital)

<Asset Securitization Products>Assigned J-1 to Medical Fees Receivable ABL11-06 (H Hospital)

Assigned A+ rating to sub.bonds (Hybrid) of 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

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

Assigned A-/Stable, A- and J-1 rating to NEC Capital Solutions

Assigned A- rating to subordinated bonds of Hyakujushi Bank

Affirmed A-/Stable rating on senior debts of Japan Vilene

Assigned AA rating to bonds of Urban Renaissance Agency

Revised rating on Takayama Shinkin from BBB+/Nega to BBB/Stable

Assigned A+ rating to bonds of Sumitomo Rubber Industries

Affirms AAA Ratings on Denmark; Outlook Stable

Jun. 20, 2011

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-06 (L Hospital)

<Asset Securitization Products> Assigned J-3 to Narasaki Stax Accounts Receivable ABL11-06

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-06 (F Hospital)

Revised rating on Seibu Shinkin from A-/Positive to A/Stable

Affirmed AA-/Stable and J-1+ rating on TonenGeneral Sekiyu K.K.

Affirmed A+/Stable, A+ and J-1 rating on Nikon

Jun. 17, 2011

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-06 (K Hospital)

<Asset Securitization Products> Assigned pre. J-1 rating to Aso Shoji Bills Receivable ABL11-06

<Asset Securitization Products> Assigned J-1 to Kurashiki Medical Center Ben. Int. 11-06

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-06 (I Hospital)

Assigned AAA rating to bonds of Aichi Prefecture

Revised rating on Sapporo Shinkin from A-/Positive to A/Stable

Jun. 16, 2011

<Asset Securitization Products> Assigned J-1 to Dispensing Fees Receivable ABL11-06 (sun-kur)

Affirmed A+ rating on bonds of SCB Securitization Company

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-06 (E Hospital)

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-06 (Kyowakai)

Assigned AA rating to euroyen bonds of Sekisui House

Affirms BBB/BBB+ (FC/LC) on Russia; Revises outlook to Positive

Jun. 15, 2011

<Asset Securitization Products> Assigned J-1+ to Takeda Gen. Hospital Beneficial Interest 11-06

Assigned AAA rating to bonds of Aichi Prefecture

Affirmed AA/Stable rating on Shinkin Central Bank

Assigned AA- rating to bonds of Mitsui O.S.K. Lines

Revised rating on Hokuetsu Bank from A-/Stable to A/Stable

Assigned BBB rating to bonds of Sojitz Corporation

Affirmed A/Stable rating on Shinkin Guarantee Fund