News Release

Mar. 10, 2009: Assigned A+ rating to sub.bonds of Mizuho Trust & Banking; Assigned A rating with Stable outlook to Jupiter Telecommunications; Downgraded Pacific HLD ratings to D; Affirmed BB+ on Tohoku Misawa Homes; Revised outlook to Negative

Mar. 09, 2009: Assigned J-1 to Nohara Bills Receivable ABL09-03; Assigned preliminary A to shelf; Affirmed J-1 on Kawasaki Kisen; Affirmed A- on Sanyo Special Steel; Revised outlook to Stable; Affirmed BBB/Stable on sr.debts of Sanyo Electric Railway

Mar. 06, 2009: Assigned AAA to bonds of NTT DoCoMo; Withdrawn A+ and J-1 on Yamaha Motor; Withdrawn BBB-/Stable on sr.debts of Nichiwa Sangyo; JCR Downgraded EMTN of ORIX to A+
JCR Downgraded EMTN of ORIX AUSTRALIA (SECURITIES) to A+
JCR Downgraded EMTN of ORIX (CARIBBEAN) to A+
JCR Downgraded EMTN of ORIX USA to A+; Downgraded Orix rating to A+ and J-1; Revised outlook to Negative; Affirmed A for Ogaki Kyoritsu Bank; Revised outlook to Stable; Downgraded Orix Life Insurance Rating to A; Revised outlook to Negative; Revises Rating Outlook of Hyundai Capital Services to Negative

Mar. 05, 2009: Affirmed A- on Okuma Corp.; Revised outlook to Negative; Affirmed BBB-/Stable rating on Harima-Kyowa; Downgraded Dainippon Screen Mfg. rating to BBB; Removed CM; Assigned AA- to bonds of Toyota Tsusho

Mar. 04, 2009: Affirmed BBB on Hosokawa Micron; Revised outlook to Negative; Revises Rating Outlook of Philippines (Republic of, The) to Stable; JCR Affirmed A/Stable and J-1 on Fukuoka Financial Group
JCR Affirmed A+/Stable on senior debts of Bank of Fukuoka
JCR Affirmed A/Stable and A- on Kumamoto Family Bank
JCR Affirmed A/Stable on Shinwa Bank; Assigned AAA to bonds of Electric Power Development; Affirmed J-1+ on CP of Nippon Telegraph and Telephone West; Affirmed J-1+ on CP of Nippon Telegraph and Telephone East; Affirmed AAA/Stable on senior debts of NTT DoCoMo; Affirmed AA+p/Stable on senior debts of Mitsubishi Estate; Affirmed AA-/Stable and J-1 on Mitsui Fudosan; Assigned AA+ to bonds of NTT Data; Affirmed A/Stable and J-1 on sr.debts and CP of Sumitomo Realty & Development; Affirmed A-/Stable, A- and J-1 on Tokyu Land

Mar. 03, 2009: Affirmed BBB+/Stable on sr.debts of Settsu Suito Shinkin Bank

Mar. 02, 2009: Affirmed J-1 on CP of MMC Diamond Finance; Affirmed A-/Stable and J-1 on Nisshin Oillio Group; Withdrawn preliminary BB rating on shelf reg. of Takara Leben; Affirmed BBB+/Stable on Sagami Railway

Feb. 27, 2009: Assigned J-1 to Toda Kogyo Bills Receivable ABL09-02; Assigned J-1+ to Teral Bills Receivable ABL09-02; Assigned J-1 to Molten Bills Receivable ABL09-02; Withdraws BBB/Stable rating on sr.debts of Sugimoto & Co.; Downgraded Nissan Financial Services to A; Revised outlook to Negative; Downgrades Ratings on Renault to A- from A; Outlook Negative; Affirmed A/Stable and J-1 on Takashimaya; Assigned preliminary AA- to shelf registration of Daibiru; Revises Rating Outlook of Industrial Bank of Korea to Negative; Revises Rating Outlook of Daejeon Metropolitan City to Negative; Revises Rating Outlook of Republic of Korea to Negative; Downgraded Calsonic Kansei to A-; Revised outlook to Negative; Placed Dainippon Screen Mfg. under Credit Monitor Negative #BBB+; Revises Rating Outlook of Kookmin Bank to Negative; Revises Rating Outlook of Korea Electric Power to Negative; Revises Rating Outlook of Korea Development Bank to Negative

Feb. 26, 2009: Assigned J-1 to SEIBUKIZAI Bills Receivable ABL09-02; Assigned J-1 to Aso Shoji Bills Receivable ABL09-02; Assigned J-1 to Nippon Tungsten Bills Receivable ABL09-02; Affirmed J-1 rating on CP of Tokyo Associates Finance; Affirmed BBB+/Stable on senior debts of Chuo Warehouse; Affirmed BBB+/Stable on senior debts of Yasuda Warehouse; Affirmed BBB-/Stable on senior debts of Goto; JCR Affirmed AA+/Stable and AA+ on Seven & I Holdings
JCR Affirmed AA+/Stable and AA+ on Ito-Yokado; Assigned AA- to bonds of Suntory; Affirmed AA+/Stable on senior debts of Seven-Eleven Japan; Assigned A+ rating to sub.bond of Mizuho Corporate Bank; Affirmed A-/Stable rating on Aica Kogyo; Downgraded NGK Spark Plug to A+ and revised outlook to Negative; JCR Affirmed AA- rating on Euro Note Program of Nomura Global Funding

Feb. 25, 2009: Assigned J-1 to Bills Receivable ABL09-02 (A Corporation in Aichi); Assigned J-1 to Nakagawa Seitaikako Bills Receivable ABL09-02; Assigned J-1+ to MSNW Trust Certificate Series 09020; Assigned J-1 to Osaka Steel Tube Bills Receivable ABL09-02; Placed rating on Advantest under Credit Monitor Negative #AA-; Affirmed BBB+/Stable and J-1 on Mitsubishi Materials; Affirmed BBB- and J-2 on Furukawa; Revised outlook to Negative

Feb. 24, 2009: Assigned J-1 to Fuji Shokai Bills Receivable ABL09-02; Assigned J-1 to Bills Receivable ABL09-02 (B Corporation in Mie); Assigned J-1 to A&D Bills Receivable Trust Certificates; Affirmed A-/Stable on senior debts of Ariake Japan; Affirmed A-/Stable and BBB on Mori Building; Assigned J-1 to CP; Affirmed BBB+/Stable and J-2 rating on Mitsubishi Electric Credit

Feb. 23, 2009: Assigned J-1 to healthcare fees ABL09-02 (D Hospital); Assigned preliminary A rating to shelf of Takara Holdings; Assigned AA- rating to bonds of Mizuho Corporate Bank; Assigned AA- rating to subordinated bonds of Bank of Yokohama

Feb. 20, 2009: Affirmed A- on bonds of Sumitomo Life Fund Securitization SPC II; Affirmed A- on bonds of Sumitomo Life Fund Securitization SPC; Assigned J-1 to healthcare fees ABL09-02 (Asahikawa Sanai HP); Assigned J-1 to healthcare fees receivable ABL09-02 (C Hospital); Affirmed A+ on bonds of Dai-ichi Life Dai2Kai TMK; Upgraded Japan Medical Alliance rating to BBB+; outlook Stable; Assigns AAA Rating to Export Development Canada's JPY Floating Rate Bonds; Assigned AA- rating to sub.bonds of Bank of Tokyo-Mitsubishi UFJ; Downgraded Hokkoku Bank rating to A+/Stable and A; Assigned preliminary A rating to shelf of Hiroshima Gas; Assigned AA to bonds of Urban Renaissance Agency

Feb. 19, 2009: Affirmed A+ on bonds of Dai-ichi Life Dai2Kai TMK; Affirmed BBB/Stable on senior debts of Saikyo Bank

Feb. 18, 2009: Assigned J-1 to dispensing fees ABL09-02 (sun-kur Corporation); Assigned J-1 to healthcare fees ABL09-02 (E Hospital); Assigned J-1 to Kurashiki Medical Center Trust Certificates 09-02

Release Information: News Release; Issuer Reports; Reports relating to Issuer; JCR News