News Release

Mar. 15, 2011

<Asset Securitization Products> Assigned preliminary J-1 to CATERPILLAR Kyushu Bills ABL11-03

Affirmed J-1 rating on CP of Mitsui Chemicals Tohcello

Affirmed BBB, BBB- on Saga Kyoei Bank; Revised outlook to Stable

Affirmed BBB/Stable rating on Sanyo Electric Railway

Mar. 14, 2011

<Asset Securitization Products> Assigned Pre. J-1 to Kurashiki Medical Center Beneficial Interest 11-03

Mar. 11, 2011

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-03 (B Hospital)

Assigned A rating to bonds of Sanwa Holdings

Placed ratings on Tomy under Credit Monitor #BBB/Negative

Assigned A rating to bonds of Hankyu Hanshin Holdings

Mar. 10, 2011

Assigned AA- rating to bonds of Mitsui Fudosan

Assigned A- rating to subordinated bonds of Bank of The Ryukyus

JCR Assigned AA- rating to bonds of Nomura Europe Finance

Assigned J-2 rating to CP program of Rakuten KC

Assigned pre. BBB+ to shelf reg. of Mitsui Engineering & Shipbuilding

Mar. 09, 2011

Assigned preliminary A- rating to shelf reg. of Kawasaki Kisen

Affirmed BBB+/Stable and J-2 rating on Toho Zinc

Mar. 08, 2011

<Asset Securitization Products>Assigned J-1 to Medical Fees Receivable ABL11-03 (D Hospital)

Affirms A Ratings on France Telecom; Outlook Stable

Affirmed A-/Stable rating on sr.debts of Ryoden Trading

Assigned #BB+/Positive rating to sub. bonds of Kirayaka Bank

JCR Affirmed A-/Stable on Toyobo
JCR Affirmed BBB on TC Preferred Capital

Mar. 07, 2011

Affirmed A+ and J-1 on AEON Credit; Revised outlook to Stable

Affirmed A+/Stable rating on senior debts of Sumitomo Warehouse

Affirmed A, J-1 rating on Aeon Kyushu; Revised outlook to Stable

Affirmed A/Stable and A on Konami

Affirmed A-/Negative rating on AEON Thana Sinsap (Thailand)

Affirms A-/A (FC/LC) Ratings on Poland with stable outlook

Mar. 04, 2011

Assigned A- rating to bonds of Nipro

Affirmed BBB/Stable rating on senior debts of Tokyo Derica

Assigned A rating to bonds of Don Quijote

Assigned A- rating to bonds of Okamura Corporation

Affirmed A/Stable rating on Hamamatsu Photonics

Mar. 03, 2011

Affirmed BBB+ rating on Nagano Bank; Revised outlook to Stable

Affirmed A-/Stable and J-1 on Tsubakimoto Chain

Affirmed J-2 on CP of Mitsubishi Electric Credit

Affirmed BBB/Negative and BBB on Covalent Materials

Affirmed BBB/Stable rating on Tokushu Tokai Paper

Mar. 02, 2011

Assigned BBB+ rating to bonds of Akebono Brake Industry

Affirmed BBB/Stable rating on senior debts of Nichias

Assigned A rating to bonds of Fuyo General Lease

Mar. 01, 2011

Affirmed A-/Stable rating on Chikuho Bank

Affirmed A/Stable, A and Preliminary A on Sankei Building

Feb. 28, 2011

<Asset Securitization Products> Assigned J-1+ to Bills Receivable ABL11-02 (A Corporation in Niigata)

<Asset Securitization Products> Assigned J-1+ to Teral Bills Receivable ABL11-02

<Asset Securitization Products> Assigned J-1 to Molten Bills Receivable ABL11-02

<Asset Securitization Products>Assigned J-1 to Nohara Bills Receivable ABL11-02

<Asset Securitization Products> Assigned J-1+ to Bills Receivable ABL11-02 (A Corporation in Niigata)

Affirmed J-2 rating on CP of Furukawa Electric

Withdraws BBB+ rating on sr. debts of NEC Tokin

Affirmed AAA/Stable and AAA on NTT DoCoMo

Affirmed J-1+ on CP of Nippon Telegraph and Telephone West Corporation

Affirmed J-1+ on CP of Nippon Telegraph and Telephone East Corporation

Affirmed A/Stable on senior debts of First Bank of Toyama

Affirmed BBB+/Stable on sr. debts of Settsu Suito Shinkin Bank

Affirmed A-/Stable rating on Nittetsu Mining

Feb. 25, 2011

<Asset Securitization Products> Assigned J-1+ to MSNW Trust Certificate Series 11020

<Asset Securitization Products> Assigned J-1 rating to Aso Shoji Bills Receivable ABL11-02

Affirmed A+/Stable rating on senior debts of Obayashi

Affirmed BBB+/Stable and BBB+ on Shibusawa Warehouse

Affirmed A/Stable, A and preliminary A on Taisei Corporation

Affirmed A+p/Stable rating on senior debts of Shimizu Corporation

Affirmed AA+/Stable rating on senior debts of SECOM

Assigned A- rating to bonds of Tokyo Tatemono

Assigned BBB+/Stable to sr. debts of Maruzen Petrochemical

Affirmed AA/Stable on SECOM General Insurance

Feb. 24, 2011

<Asset Securitization Products> Assigned J-1+ to A&D Bills Receivable Beneficial Interest 11-02

<Asset Securitization Products> Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL11-02

Affirmed AA-p/Stable rating on senior debts of FamilyMart

Affirmed A- and J-1 on Sanyo Special Steel; Outlook Positive

JCR Affirmed AA+/Stable on senior debts of Seven-Eleven Japan

JCR Affirmed AA+/Stable rating on Seven & i Holdings

Assigned preliminary AA- rating to shelf reg. of Daibiru

Affirms AAA ratings on Australia: Outlook Stable

Placed ratings on CSK Corp. under Credit Monitor #BB+/Positive

Feb. 23, 2011

Assigned J-1 to Medical Fees Receivable ABL11-02 (M Hospital)

Assigned J-1 to dispensing fees ABL11-02 (Nanba Pharmacy)

Affirmed BBB+/Stable on senior debts of Yamazen

JCR Assigned pre. AA- rating to bonds of Nomura Europe Finance

Affirms BBB+ Ratings (FC/LC) on Indian Railway Finance; Outlook Stable

Feb. 22, 2011

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-02 (H Hospital)

Assigned J-1 to Medical Fees Receivable ABL11-02 (J Hospital)

Affirmed A+/Stable rating on Oita Bank

Affirmed A and J-1 on Lintec; Revised outlook to Positive

Feb. 21, 2011

<Asset Securitization Products> Assigned J-3 to Monthly Clear Card Shopping Receivable ABL11-02

<Asset Securitization Products> Assigned preliminary J-1+ to MSNW Trust Certificate Series 11020

<Asset Securitization Products> Assigned pre.J-1 to Hyakugo Bank B Corporation Bills Receivable ABL11-02

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-02 (F Hospital)

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-02 (L Hospital)

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-02 (H Hospital)

<Asset Securitization Products> Assigned J-3 to Narasaki Stax Accounts Receivable ABL11-02

<Asset Securitization Products> Assigned J-1 to Medical Fees Receivable ABL11-02 (Asahikawa Sanai Hospital)

<Asset Securitization Products> Assigned Pre. J-1+ to Takeda General Hospital Beneficial Interest 11-03

Assigned preliminary A rating to shelf reg. of Takara Holdings

Affirmed A- on Okamura Corporation; Revised outlook to Stable

Affirmed BBB+/Stable and BBB+ on Kowa Real Estate

Affirmed A/Stable and A- on Shimizu Bank

Affirms BB ratings (FC/LC) on Turkey; Outlook Stable

Affirmed BBB+ on San-Ai Oil; Revised outlook to Positive

Affirmed A- rating on Itochu Enex; Revised outlook to Positive

Feb. 18, 2011

<Asset Securitization Products> Assigned J-1+ to JUTEC Bills Receivable ABL11-02