News Release

Oct. 11, 2013

JCR Affirmed A-/Stable Long-term Issuer Rating and BBB+ Rating on Subordinated Bonds for Ehime Bank

JCR Affirmed BBB+/Stable, BBB+, Preliminary BBB+ and J-2 on Fuji Electric

JCR Affirmed A+ Rating on Long-term Issuer Rating on Nissan Financial Services; Revised Outlook from Stable to Positive

JCR Assigned Pre. A Rating to Shelf Reg. of Hokkaido Gas

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed A+ Long-term Issuer Rating on Nissan Motor; Revised Outlook from Stable to Positive

Oct. 10, 2013

JCR Assigned A+ Rating to JPY Bonds of HCS

JCR Affirmed AAAp/Stable Rating on East Japan Railway

JCR Affirmed AA+p/Stable Rating on West Japan Railway

JCR Affirmed A-/Stable, A- and J-1 on Idemitsu Kosan

JCR Affirmed J-2 Rating on CP of Seibu Oil

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

JCR Affirmed A-/Stable and BBB+ Rating on Higashi-Nippon Bank

JCR Affirmed A-/Stable and J-1 on Kobelco Construction Machinery

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR's Opinion on Management Integration between Tokyo Tomin Bank and Yachiyo Bank

JCR Affirmed BBB/Stable Long-term Issuer Rating on Yahagi Construction

Oct. 09, 2013

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

JCR Assigned AAA Rating to Bonds of DBJ

JCR Affirmed A/Stable Long-term Issuer Rating on Marubeni-Itochu Steel

JCR Assigned A- Rating to Subordinated Bonds of Chukyo Bank

JCR Upgraded Rating on CP of NBL from J-1 to J-1+

Oct. 08, 2013

JCR Assigned Preliminary A- Rating to Shelf Reg. of SoftBank

JCR Affirmed AA-/Stable, AA- and A+ Rating on Awa Bank

JCR Affirmed AA/Stable Long-term Issuer Rating on Mitsui Fudosan Private REIT Inc.

JCR's Opinion on Kappa Create Holdings' Downward Revision to Financial Forecasts

JCR Assigned BBB+/Stable and J-2 to Fuji Soft

JCR Affirmed BBB/Stable Long-term Issuer Rating on Starzen

Oct. 07, 2013

JCR Assigned BBB to ABL of Godo Kaisha Namikikan (Senior Loan)

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

JCR Affirmed A-/Stable Long-term Issuer Rating and A- Rating on SMBC Consumer Finance

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

JCR Affirmed AAA/AAA (FC/LC) Ratings on Canada

JCR Assigned Preliminary AA Rating to Shelf Reg. of Mitsubishi UFJ Trust and Banking

JCR's Rating Review of Blast Furnace Steel Manufacturers

Oct. 04, 2013

JCR Assigned Preliminary A+ Rating to Shelf Reg. of Yokohama Rubber

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR affirmed AAA ratings on Australia

JCR Assigned Preliminary AA Rating to Shelf Reg. of Toyota Boshoku

Oct. 03, 2013

JCR Assigned BBB+ Rating to Subordinated Bonds of Kita-Nippon Bank

JCR Assigned AA+ Rating to Bonds of NTT Finance

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

Oct. 02, 2013

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed A/Stable, A and Preliminary A Rating on Nifco

Oct. 01, 2013

JCR Affirmed A+, Pre. A+ and J-1 on Sumitomo Chemical; Revised Outlook to Stable

JCR Assigned J-2 Rating to CP of UACJ Corporation

JCR Assigned AA/Stable Long-term Issuer Rating and J-1+ to Suntory Beverage & Food

JCR Affirmed A+/Stable Long-term Issuer Rating on Taiyo Life Insurance

JCR Affirmed A+/Stable Long-term Issuer Rating on T&D Financial Life Insurance

JCR Affirmed A/Stable Long-term Issuer Rating on Nishimatsuya Chain

JCR Assigned Preliminary A- Rating to Shelf Reg. of Nisshin OilliO Group

JCR Affirmed A+/Stable Long-term Issuer Rating on Daido Life Insurance

JCR Assigned A-/Stable Long-term Issuer Rating to Tokyu Fudosan Holdings

JCR Affirmed A-/Stable, A- and J-1 Rating on Tokyu Land

Sep. 30, 2013

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL13-09

JCR Assigned A Rating to JRE Mega Solar Project Bond Trust 1 Class B Beneficial Interest and Class B Trust ABL

JCR Assigned BBB+ Rating to JRE Mega Solar Project Bond Trust 1 Class C Beneficial Interest

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL13-09

JCR Assigned A- Rating to JRE Mega Solar Project Bond Trust 1 Class A Beneficial Interest and Class A Trust ABL

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL13-09

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL13-09

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL13-09

JCR Affirmed A+/Positive Long-term Issuer Rating and J-1 Rating on Nidec Corporation

JCR Affirmed A-/Stable Long-term Issuer Rating, A-, BBB, Preliminary A- and J-1 Rating on DIC

JCR Affirmed A-/Stable Long-term Issuer Rating on Shiba Shinkin Bank

JCR Withdraws J-1 Rating on CP of Nisshin OilliO Group

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

JCR Withdraws BBB/Negative Long-term Issuer Rating on Arisawa Mfg.

Sep. 27, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL13-09

JCR Affirmed J-1+ Rating on Mortgage Service Japan ABL Program

JCR's Opinion on LIXIL's Acquisition of GROHE, Europe's Leading Sanitary Fitting Manufacturer

JCR Withdraws AA Long-term Issuer Rating on Toho

JCR Assigned Preliminary A Rating to Shelf Reg. of HORIBA

Sep. 26, 2013

JCR Assigned Preliminary A- Rating to Shelf Reg. of Tsubakimoto Chain

JCR Affirmed AA/Stable, AA- and Preliminary AA on Bank of Yokohama

Sep. 25, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Kimura Bills Receivable ABL13-09

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 13090

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL13-09

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-09

JCR's Opinion on Tokyo Electron's Merger with Applied Materials

Sep. 24, 2013

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL 13-09

JCR Affirmed AA-/Stable, AA-, Pre. AA- and J-1+ Rating on Ricoh Leasing

JCR Affirmed A+/Stable and J-1 on Cedyna Financial Corp.

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

JCR Affirmed J-2 Rating on CP of Tsubakimoto Kogyo

JCR Assigned Preliminary AA- Rating to Shelf Reg. of Global One Real Estate Investment Corporation

Sep. 20, 2013

JCR Assigned Preliminary A Rating to Shelf Registration of IBJ Leasing

Sep. 19, 2013

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL13-09

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 13090

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-09

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

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL13-09

JCR Affirmed A/Stable Long-term Issuer Rating and J-1 Rating on PARCO

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

JCR Affirmed BBB+ (FC/LC) Ratings on Russia

JCR Affirmed BBB/Stable Long-term Issuer Rating on Kisoji

Sep. 18, 2013

Series 76

Series 62

Series 71

Series 74