News Release

Feb. 14, 2013

JCR Affirmed A/Stable and J-1 Rating on IBJL-TOSHIBA Leasing

JCR Downgraded Rating on Mitsui Chemicals from A+ to A; Affirmed J-1 on CP

JCR Upgraded Rating on Ain Pharmaciez from BBB+/Stable to A-/Stable

Feb. 13, 2013

JCR Assigned J-1 to Medical Fees Receivable ABL13-02 (B Hospital)

JCR Affirmed A+/Stable and J-1 Rating on Sumitomo Bakelite

Feb. 12, 2013

JCR Assigned Preliminary AA- Rating to Shelf Registration of Mitsui Fudosan

JCR Affirmed A/Stable and J-1 on AEON Kyushu

JCR Placed Ratings on Nisshin Steel under Credit Monitor #A[Negative], #BBB+[Negative], and Preliminary #A[Negative]

Feb. 08, 2013

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

JCR Affirmed A+/Stable and A+ Rating on NGK Spark Plug

JCR Affirmed BBB/Stable and BBB on Tonami Holdings

JCR Assigned Preliminary A- Rating to Shelf Registration of Mori Building

JCR Assigned Preliminary A Rating to Shelf Registration of SCSK Corporation

JCR Affirmed AA-/Stable, AA-, and Preliminary AA- on Tokai Rubber Industries

JCR Assigned AA Rating to Bonds of MORI TRUST Sogo Reit

Feb. 07, 2013

JCR Assigned Preliminary BBB+ Rating to Subordinated Loan of Sumitomo Realty & Development

JCR Affirmed A/Stable, A, BBB+, Pre. A and J-1 Rating on Sumitomo R&D

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Assigned Preliminary A Rating to Shelf Reg. of Kenedix Realty Investment

Feb. 06, 2013

JCR Affirmed A+/Stable and J-1 Rating on Sumitomo Mitsui Trust Loan & Finance

JCR Assigned J-2 Rating to CP of Mitsubishi Paper Mills

JCR Affirmed A+/Stable and J-1 on Sumitomo Mitsui Trust Panasonic Finance

Feb. 05, 2013

JCR Maintains CM; Affirmed #A[Negative] Rating on Receivable against Softbank Mobile Corporation 091204

JCR Maintains CM; Affirmed #A[Negative] Rating on Receivable against Softbank Mobile Corporation 091228

JCR Maintains CM; Affirmed #A[Negative] Rating on Receivable against Softbank Mobile Corporation 100331

JCR Maintains CM; Affirmed #A[Negative] Rating on Receivable against Softbank Mobile Corporation 080630

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

JCR Affirmed BBB-/Stable Rating on Harima-Kyowa

JCR Affirmed BBB/Stable, BBB, Pre. BBB and J-2 Rating on Daikyo

JCR Affirmed BBB/Stable Long-term Issuer Rating on Oenon Holdings

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

JCR Affirmed BBB+/Stable Rating on Yamazen Corporation

Feb. 04, 2013

JCR Affirmed AA-p/Stable Rating on FamilyMart

JCR Assigned Preliminary BBB+ Rating to Subordinated Loan of Minato Bank

Feb. 01, 2013

JCR Upgraded Ratings on CAF from AA- to AA

JCR Affirmed #A[Negative] on Softbank; Removed CM for CP
JCR Affirmed #A-[Negative] on SFJ Capital

JCR Affirmed A/Stable and BBB+ Rating on Yokogawa Electric

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency

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

JCR Assigned Preliminary AA-, A+ and A Rating to Shelf Registration of Mizuho Corporate Bank

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

JCR Affirmed BBB/Stable Long-term Issuer Rating on Tsukuba Bank

JCR Assigned AA-/Stable Long-term Issuer Rating to Sekisui House SI Investment Corporation

JCR Affirmed A/Stable and J-1 on Fukuoka Financial Group
JCR Affirmed A+/Stable on Bank of Fukuoka
JCR Affirmed A/Stable on Kumamoto Family Bank
JCR Affirmed A/Stable on Shinwa Bank

JCR Assigned AA- Rating to Bonds of ORIX JREIT Inc.

JCR Assigned AA- Rating to Bonds of Sumitomo Mitsui Finance & Leasing

JCR Affirmed A+/Stable and A on Musashino Bank

Jan. 31, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL13-01

[ Asset Securitization Products ] JCR Assigned J-1+ to Teral Bills Receivable ABL13-01

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL13-01

[ Asset Securitization Products ] JCR Assigned J-1 to Toda Kogyo Bills Receivable ABL13-01

JCR Affirmed AA+ Ratings on EDF

JCR Assigned AAA; Affirmed AAA Rating on Bonds of Aichi Prefecture

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

JCR Assigned A Rating to Subordinated Loan of JFE Holdings

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

Jan. 30, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL13-01

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL13-01

Jan. 29, 2013

JCR Affirmed BBB/Stable Rating on Nakamuraya

JCR Affirmed J-2 Rating on CP of Daiko Clearing Services

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

JCR Affirmed AA+/Stable Rating on Seven & i Holdings
JCR Affirmed AA+/Stable Rating on Seven-Eleven Japan

JCR Assigned AA+ Rating to Bonds of Japan Student Services Organization; Affirmed AA+/Stable and AA+

Jan. 28, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-01

JCR Affirmed AA+ Ratings on GDF SUEZ

JCR Affirmed BBB+/Stable Long-term Issuer Rating, BBB+ and J-2 Rating on Mitsubishi Materials

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

Jan. 25, 2013

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 13010

[ Asset Securitization Products ] JCR Assigned J-1+ and J-2 to C Corporation Bills Receivable ABL13-01

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

Jan. 24, 2013

JCR Affirmed A+/Stable Long-term Issuer Rating on Kyoritsu Women's Educational Institution

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

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

Jan. 23, 2013

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL13-01

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL13-01

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL13-01

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

JCR Affirmed J-1 Rating on CP of Nippon Steel Kowa Real Estate; Increase in CP Maximum Amount

JCR Downgraded Long-term Issuer Rating on Telefonica from A/Negative to A-/Negative

JCR Affirmed BBB/Stable Long-term Issuer Rating on Pacific Industrial

JCR Assigned Preliminary BBB+ Rating to Shelf Registration of Toyo Tire & Rubber

Jan. 22, 2013

[ Asset Securitization Products ]JCR Affirmed AAA & BBB- on Toyonosato Senior Beneficial Interest, other Beneficial Interest and ABL

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL13-01

[ Asset Securitization Products ]JCR Assigned J-1 to Medical Fees Receivable ABL13-01 (Asahikawa Sanai HP)

JCR Affirmed A+ Ratings on Hana Bank

JCR Affirmed A-/Stable Long-term Issuer Rating on Riso Kagaku

Jan. 21, 2013

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-01 (C Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL13-01 (F Hospital)

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 13010

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

JCR Affirmed AA-/Stable Long-term Issuer Rating, Preliminary AA-, AA- and J-1+ Rating on Mitsui Fudosan

JCR Affirmed AA+p/Stable Long-term Issuer Rating on Mitsubishi Estate

JCR Upgraded Rating on Tokyu Corp. from A+/Stable to AA-/Stable

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

JCR Affirmed J-1 Rating on CP of Nissay Leasing; Increase in CP Maximum Amount

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

Jan. 18, 2013

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Affirmed AAA/Stable and AAA Rating on LBBW

JCR Assigned AA Rating to Bonds of Keio Corporation

JCR Assigned AA- Rating to Bonds of Mizuho Corporate Bank