News Release

Nov. 21, 2012

JCR Affirmed BBB/Stable Long-term Issuer Rating on Toyo Logistics

JCR Affirmed AA/Stable and J-1+ on Tokyo Electron

JCR Affirmed A+/Stable and A+ on Mitsubishi Chemical

JCR Affirmed A+/Stable and A+ on Mitsubishi Plastics

JCR Affirmed A+p/Stable Rating on Mitsubishi Tanabe Pharma

JCR Affirmed A+/Stable, A+ and Pre. A+ Rating on Mitsubishi Chemical Holdings

Nov. 20, 2012

JCR Assigned AA- Rating to Bonds of Ricoh Leasing

JCR Affirmed BBB/Stable Long-term Issuer Rating on Tamura Corporation

Nov. 19, 2012

Series 76

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

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-11 (C Hospital)

[ Asset Securitization Products ]JCR Assigned Preliminary J-1+ to MSNW Trust Certificate Series 12110

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

JCR Downgraded Long-term Issuer Rating on Nippon Paper Group from A+/Negative to A/Stable
JCR Downgraded Long-term Issuer Rating on Nippon Paper Industries from A+/Negative to A/Stable

Nov. 16, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-11 (E Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-11 (F Hospital)

JCR Assigned AA- Rating to Bonds of Mori Hills REIT Investment Corporation

JCR Affirmed A+/Stable Rating on Bank of Nagoya

JCR Affirmed A+/Stable Rating on Aichi Bank

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

Nov. 15, 2012

JCR Affirmed BBB/BBB+ (FC/LC) Long-term Issuer Ratings on Brazil

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

JCR Downgraded Rating on Cosmo Oil from BBB+/Stable to BBB/Stable; Affirmed J-2 on CP

Nov. 14, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-11 (D Hospital)

JCR Affirmed A+/Stable, A+ and J-1 Rating on Ito En

JCR Assigned AA-/Stable Long-term Issuer Rating to GLP J-REIT

JCR Affirmed AA-/Stable and AA- Rating on Daiwa House Residential Investment Corporation

Nov. 13, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-11 (B Hospital)

JCR Affirmed BBB-/BBB (FC/LC) Long-term Issuer Ratings on Indonesia

JCR Assigned AAA Rating to Bonds of DBJ

Nov. 12, 2012

JCR Assigned Preliminary A- Rating to Subordinated Loan of Ogaki Kyoritsu Bank

Nov. 09, 2012

JCR Assigned Preliminary A Rating to Shelf Registration of Don Quijote; Affirmed A/Stable and J-1

JCR Assigned A Rating to Bonds of J.Front Retailing

JCR Assigned AA Rating to Bonds of Urban Renaissance Agency

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

JCR Assigned AA-/Stable and Pre. AA- to Daikin Industries

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

Nov. 08, 2012

JCR Affirmed A on EMTN of BOT Lease

JCR Affirmed A+/A+ (FC/LC) Long-term Issuer Ratings on Slovakia

JCR Affirmed AA-/Stable Long-term Issuer Rating on Sumitomo Mitsui Finance & Leasing

JCR Assigned A+/Stable Long-term Issuer Rating to MG Leasing Corporation; Affirmed J-1 Rating on CP

JCR Upgraded Long-term Issuer Rating on JA Mitsui Leasing from A-/Positive to A/Stable; Affirmed J-1 Rating on CP

Nov. 07, 2012

JCR Assigned A+ Ratings to JPY Bonds of HCS

JCR Assigned A+ and Pre. A+ Rating to Nidec Corporation

JCR Placed Long-term Issuer Rating on Ferrotec Corp. under Credit Monitor #BBB[Negative]

Nov. 06, 2012

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on Nippon Electric Glass; Assigned Preliminary AA- Rating to Shelf Reg.

JCR Downgraded Long-term Issuer Rating on AvanStrate from A-/Stable to BBB+/Negative

Nov. 05, 2012

JCR Upgraded Rating on Sundrug from A/Positive to A+/Stable

JCR Affirmed BBB Rating on Dainippon Screen Mfg.; Revised Outlook to Stable

JCR Withdraws A+p/Stable Long-term Issuer Rating on Kansai Paint

Nov. 02, 2012

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

JCR Assigned A- Ratings to JPY Bonds of Poland

JCR Affirmed J-2 Rating on CP of Seibu Oil

JCR Affirmed BBB-/Stable and J-2 on Taiyo Oil

JCR Affirmed A+/Stable Long-term Issuer Rating and J-1 Rating on Nippon Steel Logistics

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

JCR Assigned AA Rating to Bonds of Sekisui House

JCR Affirmed BB-/Negative Long-term Issuer Rating on Asahi Mutual Life Insurance

JCR Downgraded Rating on Sharp from #BBB/Negative to #BBB-[Negative]; Maintains Credit Monitor

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

Nov. 01, 2012

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

JCR Assigned AAA Rating to Bonds of Aichi Prefecture

JCR Withdraws BBB/Stable Long-term Issuer Rating and J-2 Rating on DYNAM

JCR Affirmed J-2 Rating on CP of Daiho Corporation

JCR Assigned A-/Stable Long-term Issuer Rating to Shiba Shinkin Bank

JCR Affirmed A/Stable Rating on Amagasaki Shinkin Bank

Oct. 31, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Nohara Bills Receivable ABL12-10

[ Asset Securitization Products ] JCR Assigned J-1 to Molten Bills Receivable ABL12-10

JCR Withdraws #BBB/Negative Long-term Issuer Rating on Kanto Denka Kogyo

JCR Withdraws AA-/Stable Long-term Issuer Rating and J-1+ Rating on JFE Shoji Trade

JCR Assigned A+ Preliminary Rating to Bond of HCS

JCR Assigned A+/Stable Long-term Issuer Rating to Seino Holdings

Oct. 30, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL12-10

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL12-10

JCR Assigned A- Rating to Bonds of Tokyu Land Corporation

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

JCR Affirmed A-/Stable Rating on MIRAIT Holdings

JCR Affirmed BBBp/Stable Long-term Issuer Rating on NDS

Oct. 29, 2012

[ Asset Securitization Products ] JCR Assigned J-1 Rating to Ferry Road ETC Card Receivable ABL Program

JCR Affirmed A/Stable Long-term Issuer Rating on BOT Lease

JCR Affirmed A/Stable and A on Daiichikosho

JCR Affirmed A+/Stable Long-term Issuer Rating on Nissan Financial Services

JCR Affirmed AA-/Stable Long-term Issuer Rating on Toyota Tsusho

JCR Affirmed A+/Stable Long-term Issuer Rating on Nissan Motor

JCR Downgraded Rating on Arisawa Mfg. from BBB+/Negative to BBB/Negative

Oct. 26, 2012

JCR Assigned A- Rating to Bonds of Mori Building

JCR Affirmed A/Stable Rating on Aomori Bank

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

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

JCR Assigned AA+ Rating to Bonds of Japan Student Services Organization

JCR Assigned AA Rating to Bonds of Daiwa House Industry

JCR Assigned A-/Stable Long-term Issuer Rating to Morinaga

Oct. 25, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-10

[ Asset Securitization Products ]JCR Assigned J-1+ to MSNW Trust Certificate Series 12100

JCR Assigned A+ Rating to Bonds of Keikyu

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

JCR Affirmed A/Stable, A, Preliminary A and J-1 Rating on Denki Kagaku Kogyo

JCR Assigned AA- Rating to Bonds of Mitsubishi UFJ Lease & Finance Company

JCR Affirmed A Ratings on Busan Bank