News Release

Sep. 30, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL15-09

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL15-09

JCR Downgraded AKEBONO BRAKE INDUSTRY from BBB+/Stable to BBB/Negative; Affirmed J-2

JCR Affirmed AAA Rating on IDB with Stable Outlook

JCR Assigned Preliminary A- Rating to Shelf Reg. of Showa Denko

JCR Affirmed AAA/AAA (FC/LC) Ratings on Belgium with Stable outlook

Sep. 29, 2015

JCR Affirmed BBB on JAG Mega Solar Project Ben.Int./Trust ABL

JCR Assigned J-1+ on ABCP Programs of Super Trust 2 to 10, LLC

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL15-09

JCR Affirmed BBB+/Stable, Preliminary BBB+ and J-2 on TAIHEIYO CEMENT

JCR Affirmed J-1 Rating on CP of MMC Diamond Finance

JCR Affirmed BBB/Stable and J-2 Rating on FURUKAWA

JCR Assigned Pre. AA- Rating to Shelf Reg. of Global One Real Estate

JCR Affirmed J-1 Rating on CP of T&D Lease

JCR Affirmed AA-/Stable, AA-, Pre AA- and J-1+ on Mitsubishi UFJ L&F

Mitsui O.S.K. Lines, Ltd. Posted A Special Loss

JCR Affirmed A/Stable and J-1 on PARCO; Increase in CP Max. Amount

Sep. 28, 2015

[ Asset Securitization Products ] JCR Assigned J-1+ to A Corp. Bills Receivable Senior Ben. Int. 15-09

JCR Affirmed A+/Stable and J-1 on SUMITOMO CHEMICAL

JCR Affirmed A-/Positive and J-1 on IHI Corporation

JCR Affirmed AA/Stable, AA and Preliminary AA Rating on ASAHI KASEI

JCR Affirmed A-/Stable LT Issuer Rating on SMBC Consumer Finance

JCR Affirmed AA-/Stable and J-1+ Rating on Mitsubishi UFJ NICOS

JCR Affirmed A/Stable and J-1 on ACOM

Sep. 25, 2015

Series 50208

Series 50174

Series 50175

Series 50153

Series 50163

Series 50152

Series 84

Series 76

Series 78

Series 71

Series 74

Series 61

Series 62

JCR Affirmed J-1+ Rating on ABCP Program of Godo Kaisha Alimone

JCR Affirmed J-1+ Rating on ABCP Program of Godo Kaisha GK 48

JCR Affirmed J-1+ Rating on ABCP Program of Vector Asset Fund. Corp.

[ Asset Securitization Products ] JCR Assigned J-1 to Kimura Bills Receivable ABL15-09

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly-Clearable Card Shopping Rec. ABL15-09

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 15090

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL15-09

JCR Affirmed J-1+ Rating on ABCP Program of Nexus Asset Fund. Corp.

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-09 (D Hospital)

JCR Affirmed BBB+/Stable and BBB+ on NAGATANIEN

JCR Assigned Preliminary A Rating to Shelf Reg. of TSUBAKIMOTO CHAIN

JCR Removed CM; Upgraded JAPAN VILENE from #A-/Positive to A

JCR Affirmed A+/Stable and A+ on KONICA MINOLTA

Sep. 24, 2015

JCR Affirmed BBB+/Stable and J-2 on FUJI SOFT

JCR Affirmed AA-/Stable, AA- and J-1+ Rating on NIDEC

JCR Affirmed BBB and J-2 on Daio Paper; Revised Outlook to Positive

DyDo DRINCO To Acquire Turkish Beverage Companies

JCR Affirmed A/Stable and J-1 on Daido Steel

Sep. 18, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL Program (Ginnankai)

[ Asset Securitization Products ]JCR Affirmed J-1 on Medical Fees Receivable ABL Program (C Hospital)

JCR Affirmed AA/Stable and Preliminary AA Rating on Bank of Yokohama

JCR Assigned Preliminary A Rating to Shelf Reg. of IBJ Leasing

JCR Affirmed AA/Stable Long-term Issuer Rating and AA and AA- Ratings on EMTN for Mitsubishi UFJ Securities Holdings
JCR Affirmed AA/Stable Long-term Issuer Rating on Mitsubishi UFJ Morgan Stanley Securities

JCR Affirmed AA/Stable LT Issuer Rating on SMBC Nikko Securities

JCR Upgraded Mizuho Securities from AA-/Positive to AA/Stable; Affirmed J-1+ short-term issuer rating and CP
JCR Upgraded Mizuho International from AA- to AA
JCR Upgraded Mizuho Securities USA from AA- to AA

JCR's Rating Review of Major Banks

Sep. 17, 2015

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL15-09

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL15-09

JCR Affirmed A/Stable Long-term Issuer Rating on NISHIMATSUYA CHAIN

JCR Assigned BBB- Rating to Subordinated Bonds of Kawasaki Kisen

Nomura Real Estate Holdings to Acquire Additional Stake in NREG TOSHIBA BUILDING

JCR Affirmed J-2 Rating on CP of TOKAI Holdings

Sep. 16, 2015

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL15-09 (F Hospital)

JCR Affirmed BBB/Stable Long-term Issuer Rating on DAIKI ALUMINIUM

Sep. 15, 2015

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 15090

JCR Affirmed AA-/Stable, AA- and J-1+ on Hitachi Capital

JCR Affirmed BBB+ Rating on SEIBU HOLDINGS; Outlook Positive

JCR Affirmed A-/Stable, A-, BBB and J-1 Rating on Showa Denko

JCR Affirmed J-2 Rating on CP of SHOKO

JCR Affirmed AA- Rating on Activia; Revised Outlook to Positive

JCR Affirmed BBB+/Stable on DAIICHI JITSUGYO

Sep. 14, 2015

JCR Affirmed A+/Stable Long-term Issuer Rating on YAMAHA CORPORATION

JCR Placed Rating on MITSUI LIFE under Credit Monitor #BBB[Positive]

Nippon Life to Make MITSUI LIFE a Subsidiary

JCR Affirmed AAA/AAA (FC/LC) Ratings on France with Stable Outlook

Sep. 11, 2015

Totan Group to Reorganize

JCR Affirmed A/Stable, A and Pre. A on Kawasaki Heavy Industries

JCR Assigned A- Rating to Bonds of DIC

JCR Assigned A+ Rating to Bonds of Century Tokyo Leasing

JCR Assigned BBB+ Rating to Bonds of HANWA

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

JCR Assigned AA- Rating to Bonds of Kansai Electric Power

JCR Affirmed A-/Stable Long-term Issuer Rating on Chiba Kogyo Bank

JCR Assigned A Rating to Bonds of JA MITSUI LEASING

Sep. 10, 2015

[ Asset Securitization Products ] JCR Assigned J-1+ to D Corporation Bills Receivable ABL15-09

JCR Placed Ratings on AvanStrate under Credit Monitor (#CC[Negative])

Sep. 09, 2015

[ Asset Securitization Products ] JCR Assigned Pre. J-1+ to A Corp. Bills Rec. Senior Ben. Int. 15-09

JCR Affirmed BBB/Positive Long-term Issuer Rating on KANAMOTO

Mitsui Sumitomo Insurance's Acquisition of Amlin in UK

JCR Affirmed BBB/Negative Long-term Issuer Rating on KISOJI

JCR Assigned AAA Rating to Bonds of East Nippon Expressway

Sep. 08, 2015

JCR Upgraded Rating on NTT FINANCE from AA+/Stable to AAA/Stable

JCR Assigned BBB+ Rating to Bonds of MES