News Release

Jan. 22, 2014

JCR Assigned A Rating to Bonds of Sumitomo Realty & Development

JCR Assigned A+/Stable Long-term Issuer Rating to Fukuoka Kogyo Daigaku

Jan. 21, 2014

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL14-01

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL14-01

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 14010

JCR Assigned A+ Rating to Bonds of Meiji Holdings

JCR Affirmed A/Stable Long-term Issuer Rating, A, BBB+, Preliminary A and J-1 on Sumitomo Realty & Development

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

Jan. 20, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL14-01 (F Hospital)

Jan. 17, 2014

JCR Assigned A- Rating to Bonds of NEC Capital Solutions

JCR Affirmed A/Stable Long-term Issuer Rating on First Bank of Toyama

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Trust Bank

JCR Assigned BBB- Rating on PT Adaro Indonesia

JCR Affirmed A/Stable, A, Pre. A and J-1 Rating on Mitsui Chemicals

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Assigned AA Rating to Bonds of Bank of Tokyo-Mitsubishi UFJ

JCR Affirmed BBB-/Negative and J-2 on Mitsubishi Paper Mills

JCR Affirmed A+p/Stable Long-term Issuer Rating on Oji Holdings

JCR Assigned AA- Rating to Bonds of ITOCHU

JCR Affirmed A-/Stable Long-term Issuer Rating and J-1 on Japan Pulp and Paper

JCR Placed Ratings on Daikyo under Credit Monitor #BBB/Positive and #J-2/Positive

JCR's Opinion on ORIX's Making Daikyo its Consolidated Subsidiary

Jan. 16, 2014

JCR's Opinion on TEPCO's Comprehensive Special Business Plan

JCR Assigned AA- Rating to Bonds of Ricoh Leasing

JCR Affirmed AA+/Stable and J-1+ Rating on Master Trust Bank of Japan

JCR Affirmed AA+/Stable and J-1+ Rating on Japan Trustee Services Bank

JCR Assigned A- Rating to Bonds of Jaccs

Jan. 15, 2014

[ Asset Securitization Products ]JCR Assigned J-1 to Medical Fees Receivable ABL14-01 (D Hospital)

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

JCR Assigned AAA Rating to Bonds of DBJ

JCR Affirmed A-/Stable Long-term Issuer Rating, A-, Preliminary A- and J-1 Rating on Sumitomo Osaka Cement

JCR Assigned BBB-/Stable Long-term Issuer Rating to Toyoko Inn

JCR Affirmed BBB/Stable Long-term Issuer Rating on Soken Chemical & Engineering

JCR Affirmed BBB+ Long-term Issuer Rating on Southern Tohoku Research Institute for Neuroscience; Revised Outlook from Stable to Positive

JCR Affirmed AA/Stable Long-term Issuer Rating on Toyo University

Jan. 14, 2014

JCR Affirmed A/Stable and J-1 on Dowa Holdings

JCR Affirmed J-1 Rating on CP of Nissay Leasing

JCR Assigned BBB Rating to Subordinated Bonds of Daisan Bank; Affirmed BBB+/Stable Long-term Issuer Rating

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Okaya

JCR Placed Rating on Suntory Beverage & Food under Credit Monitor #AA/Negative

JCR Placed Rating on EMTN of Suntory Holdings, SUNTORY EUROPE and SUNTORY CAPITAL AMERICA under Credit Monitor #AA/Negative

Jan. 10, 2014

JCR Affirmed BBB+/Stable Long-term Issuer Rating, BBB- and J-2 on Sub. Loan and CP of Kawasaki Kisen Kaisha

JCR Assigned AA Rating to Bonds of Suntory Holdings

JCR Assigned AA- Rating to Bonds of Odakyu Electric Railway

JCR Assigned A- Rating to Bonds of Tobu Railway

JCR Withdraws A-/Stable Long-term Issuer Rating on Seishin Shinkin Bank

JCR Assigned AA- Rating to Bonds of ORIX JREIT

Jan. 08, 2014

JCR Affirmed BBB/Stable and BBB Rating on Dainippon Screen Mfg.

Jan. 07, 2014

JCR Affirmed A+/Stable Long-term Issuer Rating on DISCO Corporation

Jan. 06, 2014

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL13-12

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL13-12

Dec. 27, 2013

[ Asset Securitization Products ]JCR Affirmed AAA, BBB & A Rating on MMJ Mortgage Trust II Senior, Mezzanine, Servicer Beneficial Interest, and ABL

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL13-12

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL13-12

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL13-12

JCR Removed CM; Affirmed BB+/Stable Long-term Issuer Rating on Ferrotec

JCR Withdraws BBB/Positive Long-term Issuer Rating on Sanyo Electric Railway

JCR's Opinion on Additional Administrative Actions on Mizuho Group

JCR Affirmed J-1+ Rating on CP of Toyota Motor Corporation

JCR Affirmed J-1 Rating on CP of Nippon Steel & Sumikin Coated Sheet Corporation

JCR Affirmed A-/Stable Long-term Issuer Rating on Square Enix Holdings

JCR Affirmed J-2 Rating on CP of Shoko; Increase in CP Maximum Amount

JCR Affirmed J-2 Rating on CP of CMIC Holdings

JCR Affirmed J-1 Rating on CP of UC Card

JCR Withdraws BBB/Stable Long-term Issuer Rating on San Holdings

JCR Affirmed A-/Stable Long-term Issuer Rating on Seiren

Dec. 26, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-12

[ Asset Securitization Products ] JCR Assigned J-1+ to Saitama Resona Bank A Corporation Bills Receivable Senior Beneficial Interest 13-12

JCR Affirmed A/Stable, A, Pre. A and J-1 Rating on Takara Holdings

JCR Affirmed A/A+ (FC/LC) Ratings on Malaysia

JCR Assigned A to Shelf Registration of Takata Corporation

JCR Affirmed BBB/Stable Long-term Issuer Rating on Eiken Chemical

JCR Affirmed AA-/Stable Long-term Issuer Rating on GLP J-REIT

Dec. 25, 2013

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 13120

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to Hokuriku Bank C Corporation Bills Receivable ABL13-12

[ Asset Securitization Products ] JCR Assigned J-1 to Kimura Bills Receivable ABL13-12

JCR Affirmed AAA/Stable and AAA on Japan Finance Corporation

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

JCR Assigned Preliminary A+ Rating to Shelf Registration of Hiroshima Bank

Dec. 24, 2013

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL 13-12

JCR Affirmed A/Stable and J-1 Rating on Kagome

JCR Affirmed A-/Stable, A-, Preliminary A- and J-1 on ANA Holdings

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Chuo Warehouse

Dec. 20, 2013

[ Asset Securitization Products ] JCR Assigned AA and A- to Sakura Investment Purpose Condominium Loan Securitization Series 1

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-12

[ Asset Securitization Products ] JCR Assigned AA and A- to Jupiter Investment Purpose Condominium Loan Backed Beneficial Interests 2013

JCR Affirmed AA-/Negative Long-term Issuer Rating on Rohm

JCR Affirmed BBB/Stable and BBB on Monex Group
JCR Affirmed BBB/Stable and J-2 on Monex

JCR Affirmed J-1 Rating on CP of Nippon Car Solutions; Increase in CP Maximum Amount

JCR Affirmed A+/Stable and J-1 Rating on kabu.com Securities

Dec. 19, 2013

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL13-12

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL13-12

JCR Assigned Pre. AA Rating to Shelf Reg. of Bank of Tokyo-Mitsubishi UFJ

JCR's Opinion on Sompo Japan's Acquisition of UK's Canopius

Dec. 18, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-12 (F Hospital)

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 13120

JCR Affirmed AA+/Stable Long-term Issuer Rating and Ability to Pay Insurance Claims, AA- on Subordinated Bonds and J-1+ on CP for Toa Reinsurance

JCR Affirmed A/Stable(FC) and A Rating on JPY bonds of America Movil

JCR Affirmed BBB-/Stable and BBB- Rating on Nihon Chouzai

JCR Assigned A+ Rating to Bonds of Nidec Corporation