News Release

Apr. 01, 2013

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

JCR Affirmed A Long-term Issuer Rating and J-1 Rating on LINTEC; Revised Outlook from Positive to Stable

JCR Withdraws AA+ Long-term Issuer Rating on Aoyama Gakuin

JCR Affirmed J-1 Rating on CP of Sumitomo Mitsui Trust Panasonic Finance; Increase in CP Maximum Amount

JCR Assigned J-2 Rating to CP of Yanmar Holdings
JCR Withdraws J-2 Rating on CP of Yanmar

JCR Assigned Preliminary AA- Rating to Shelf Registration of Sumitomo Mitsui Trust Bank

Mar. 29, 2013

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL13-03

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL13-03

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL13-03

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL13-03

JCR Assigned Preliminary A and J-1 to Mitsui O.S.K. Lines

JCR Assigned Preliminary BBB+ to Shelf Reg. of NICHIAS; Affirmed BBB+/Stable and BBB+ Rating

JCR Affirmed AAA rating on ADB

JCR Affirmed A/Stable and J-1 Rating on Sanyo Special Steel

JCR Withdraws A Long-term Issuer Rating on Citizen Holdings

JCR Affirmed J-1 Rating on CP of Krosaki Harima; Increase in CP Maximum Amount

JCR Affirmed BBB+ Rating on Hanwha Chemical

Mar. 28, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL13-03

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL13-03

JCR Affirmed AA/Stable Long-term Issuer Rating on 77 Bank

JCR Affirmed BBB-/BBB (FC/LC) Ratings on Romania

JCR Affirmed BBB+/Stable and BBB Rating on Saikyo Bank

JCR Upgraded Long-term Issuer Rating on H2O Retailing from A-/Positive to A/Stable

Mar. 27, 2013

[ Asset Securitization Products ] JCR Assigned J-1+ to Bills Receivable Beneficial Interest 13-03 (A Corp.)

[ Asset Securitization Products ] JCR Assigned J-1 to CATERPILLAR Kyushu Bills ABL13-03

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

JCR Affirmed AA/Stable Long-term Issuer Rating on Oriental Land

JCR Affirmed AA/Stable Rating on Kokugakuin University

JCR Affirmed A+/Stable Long-term Issuer Rating and J-1+ Rating on Kyoei Fire & Marine Insurance

JCR Affirmed A/Stable, A, and J-1 on Takata Corporation

Mar. 26, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Kimura Bills Receivable ABL13-03

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-03

JCR Affirmed A+/Stable Long-term Issuer Rating, A+ and J-1 Rating on Nippon Meat Packers

JCR Affirmed A-/Stable Rating on Ohsho Food Service

JCR Placed Rating on Temp Holdings under Credit Monitor #A-/Negative

JCR Assigned BBB+ Preliminary Ratings to Notes of Export-Import Bank of India

Mar. 25, 2013

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 13030

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL13-03

JCR Affirmed BBB+/Stable Long-term Issuer Rating and J-2 Rating on Marudai Food

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

JCR Affirmed AAA ratings on Belgium

Mar. 22, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-03 (Asahikawa Sanai HP)

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL13-03

JCR Affirmed A+/AA- (FC/LC) Ratings on IBK

JCR Affirmed BBB+ (FC/LC) Long-Term Issuer Ratings on IRFC

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of Kintetsu Corporation

JCR Affirmed BBB-/Stable and J-2 Rating on JK Holdings

Mar. 21, 2013

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL13-03

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-03

JCR Assigned Preliminary A Rating to Shelf Reg. of Taisei Corporation; Affirmed A/Stable Long-term Issuer Rating

JCR Affirmed A+ Long-term Issuer Rating on Obayashi Corporation

JCR Assigned Preliminary A- Rating to Shelf Registration of Okamura Corporation

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

JCR Affirmed A/Stable Long-term Issuer Rating on Hokuhoku Financial Group
JCR Affirmed A/Stable Long-term Issuer Rating on Hokuriku Bank
JCR Affirmed A/Stable Long-term Issuer Rating on Hokkaido Bank

JCR Affirmed A- Rating on Mitsumi Electric; Revised Outlook to Negative

Mar. 19, 2013

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to CATERPILLAR Kyushu Bills ABL13-03

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-03 (C Hospital)

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

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL13-03

JCR Affirmed A-/Stable and J-1 Rating on Idemitsu Credit

JCR Assigned BBB- Rating to Subordinated Bonds of Fukushima Bank

Mar. 18, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-03 (F Hospital)

JCR Affirmed A/Stable Long-term Issuer Rating and A- Rating on Subordinated Bonds of Nanto Bank

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

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

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

JCR Upgraded Long-term Issuer Rating on Hamamatsu Photonics from A/Positive to A+/Stable

Mar. 15, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-03 (E Hospital)

JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 13030

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-03 (D Hospital)

JCR Affirmed A Ratings on France Telecom and Revised Outlook to Negative from Stable

JCR Affirmed AA/Stable and AA on Nomura Real Estate Residential Fund

JCR Affirmed A/A (FC/LC) Long-Term Issuer Ratings on Portugal with Negative Outlook

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

JCR Affirmed A- Ratings on Renault

JCR Affirmed AAA/Stable Long-term Issuer Rating on Kyushu University

JCR Assigned BBB+ Rating to Subordinated Loan of Minato Bank

JCR Affirmed A/Stable Rating on Tomakomai Shinkin Bank

JCR Affirmed BBB+/Stable and BBB+ Rating on Shibusawa Warehouse

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed A-/Stable and A- Rating on Okamura Corporation

Mar. 14, 2013

JCR Affirmed BBB/BBB+ (FC/LC) Ratings on NBH with Negative Outlook

JCR Assigned A Rating to Bonds of Sumitomo Realty & Development

JCR Affirmed BBB/BBB+ (FC/LC) Ratings on Hungary with Negative Outlook

JCR Assigned A- Rating to Bonds of Nipro

Mar. 13, 2013

[ Asset Securitization Products ] JCR Assigned Pre. J-1+ to Bills Receivable Beneficial Interest 13-03 (A Corp.)

JCR Assigned BBB Rating to Bonds of Tonami Holdings

JCR Removed CM; Downgraded Rating on Nisshin Steel from #A/Negative to A- with Stable Outlook

Mar. 12, 2013

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

JCR Affirmed A Rating on Konami; Revised Outlook to Stable

JCR Affirmed A+/Stable Rating on Sumitomo Warehouse

JCR Affirmed A/Stable, A, Pre. A and J-1 Rating on Sumitomo Heavy Industries

Mar. 11, 2013

JCR Assigned J-1 Rating to CP of Shutoken Leasing

JCR Affirmed A-/Stable Rating on Nagoya Railroad

Mar. 08, 2013

[ Asset Securitization Products ] JCR Assigned BBB Rating to ABL of WBBL

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of Mitsui Engineering & Shipbuilding

JCR Upgraded Rating on Kenedix Realty Investment from A/Positive to A+/Stable

JCR Assigned AA- Rating to Bonds of Mitsui Fudosan

JCR Assigned AA- Rating to Bonds of ITOCHU

JCR Assigned AAA Rating to Bonds of NTT DoCoMo