News Release

Sep. 11, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-09 (B Hospital)

JCR Affirmed BBB+/Negative Long-term Issuer Rating on Kintetsu Corporation

JCR Affirmed A/Stable, A and Pre. A Rating on Kawasaki Heavy Industries

JCR Affirmed BBB-/Stable Long-term Issuer Rating on DC Co., Ltd.

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

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

JCR Assigned BBB- Rating to Subordinated Bonds and Subordinated Loan of Tokyo Tatemono

JCR Affirmed BBB+/Stable Rating on Daiichi Jitsugyo

Sep. 10, 2012

JCR Assigned Preliminary AA+ Rating to Shelf Reg. of NTT Finance

JCR Affirmed A+ Long-term Issuer Rating on Gunze; Revised Outlook from Stable to Negative

JCR Removed CM; Upgraded Rating on PARCO from #A-[Positive] to A/Stable Outlook

JCR Affirmed A on EMTN of Century Tokyo Leasing

JCR Affirmed A-/Stable, A- and J-1 Rating on NEC Capital Solutions

JCR Affirmed BBB/Stable and BBB on Sankei Shimbun

Sep. 07, 2012

JCR Assigned A+ Rating to Bonds of Sumitomo Chemical

JCR Assigned BBB+ Rating to Bonds of Toyo Tire & Rubber

JCR Assigned A+ Rating to Subordinated Bonds of SMTB

JCR Assigned A Rating to Bonds of Softbank Corp.

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Affirmed A+/Stable Rating on Daido Life Insurance

JCR Affirmed A+/Stable Rating on Taiyo Life Insurance

JCR Affirmed A+/Stable Rating on T&D Financial Life Insurance

JCR Assigned A Rating to Bonds of Hokkaido Gas

Sep. 06, 2012

JCR Assigned J-1+ to D Corporation Bills Receivable ABL12-09

JCR Affirmed AAA/AA+ Ratings and Assigned AAA Ratings to AfDB’s Notes

JCR Assigned BBB-/Negative Long-term Issuer Rating to Pioneer Corporation

JCR Assigned A Rating to Bonds of Century Tokyo Leasing

Sep. 05, 2012

JCR Affirmed AA+/AA+ (FC/LC) Long-term Issuer Ratings on Hong Kong

JCR Assigned A Rating to Bonds of Sumitomo Realty & Development

JCR Affirmed BBB+ Rating on Yasuda Real Estate; Revised Outlook to Positive

JCR Assigned A+ Rating to Bonds of Nippon Meat Packers

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

JCR Assigned AA- Rating to Bonds of ITOCHU Corporation

JCR Assigned AA- Rating to Bonds of Advance Residence Investment Corp.

JCR Affirmed J-2 Rating on CP of Tsubakimoto Kogyo

Sep. 04, 2012

JCR Affirmed AAA/AAA (FC/LC) Long-term Issuer Ratings on EDC

JCR Affirmed AAA/AAA (FC/LC) Long-term Issuer Ratings on Canada

JCR Affirmed AA+p/Stable Long-term Issuer Rating of Astellas Pharma

JCR Affirmed BBB- Long-term Issuer Rating on Nissen Holdings; Revised Outlook from Positive to Stable

Sep. 03, 2012

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

JCR Affirmed BBB+/Stable, Pre. BBB+ and J-2 on Mazda Motor

JCR Affirmed BBB+ Rating on Toyo Tire & Rubber; Revised Outlook to Positive

JCR Upgraded Ratings on HCS to A+/Stable from A/Stable

Aug. 31, 2012

JCR Assigned J-1 to Nohara Bills Receivable ABL12-08

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

JCR Assigned J-1+ to Teral Bills Receivable ABL12-08

JCR Assigned J-1 to Molten Bills Receivable ABL12-08

JCR Affirmed BBB+/Stable and J-2 Rating on Kansai Urban Banking

JCR Assigned Preliminary A+ Rating to Shelf Reg. of Meiji Holdings

JCR Assigned Preliminary A+ Rating to Shelf Registration of Mitsubishi Chemical Holdings

JCR Withdraws J-1 Rating on CP of Tokyo Associates Finance Corporation

Aug. 30, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL12-08

JCR Assigned Preliminary J-1 Rating to Ferry Road ETC Card Receivable ABL Program

[ Asset Securitization Products ] JCR Assigned J-1 to Hayakawa Rubber Bills Receivable ABL12-08

JCR Assigned BBB/Stable Long-term Issuer Rating to Meidensha; Affirmed J-2 on CP

Aug. 29, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-08

JCR Upgraded FC Rating on Russia to BBB+ from BBB; Revised Outlook of FC/LC Ratings from Positive to Stable

JCR Affirmed A+/Stable Rating on MHI Environmental & Chemical Engineering

JCR Assigned Preliminary BBB+ Rating to Shelf Reg. of Tokyo Tatemono

JCR Affirmed AA-/Stable, AA-, Pre. AA- and J-1+ on Mitsubishi Heavy Industries

JCR Affirmed AA-/Stable and AA- Rating on LT Issuer Rating and Bonds of Coca-Cola West

JCR Assigned AA Rating to Bonds of Kansai Electric Power

JCR Assigned J-2 Rating to CP of CMIC Holdings

Aug. 28, 2012

JCR Assigned Preliminary AAA, BBB & A Rating to MMJ Mortgage Trust II Senior, Mezzanine, Servicer Beneficial Interest, and ABL

JCR Assigned A- Rating to Bonds of Ube Industries

JCR Assigned Preliminary AA- Rating to Shelf Reg. of Saibu Gas

JCR Withdraws AA/Stable Rating on DNB Bank ASA

JCR Assigned BBB+ Rating to Bonds of Heiwa Real Estate

Aug. 27, 2012

JCR Assigned J-1+ to MSNW Trust Certificate Series 12080

JCR Affirmed BBB+/Stable Rating on Senior debts of Matsuda Sangyo

JCR Affirmed BBB-/Stable and J-2 Rating on Furukawa Co., Ltd.

JCR Affirmed A/Stable and A- on Taiko Bank

JCR Upgraded Rating on Chiba Kogyo Bank from BBB/Positive to BBB+/Stable

JCR Upgraded Rating on Rakuten Card from BBB+/Stable, J-2 to A-/Stable, J-1

JCR Upgraded Rating on Daishi Bank from A+/Stable to AA-/Stable

Aug. 24, 2012

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Hyakugo Bank B Corporation Bills Receivable ABL12-08

JCR Affirmed BBB/Stable Rating on Senior Debts of Scroll Corporation

JCR Assigned AA- Rating to Bonds of Mitsui Fudosan

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

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Affirmed BBB+/Stable, BBB+ and J-2 Rating on Akebono Brake Industry

JCR Affirmed A+/Stable, A+ and Preliminary A+ Rating on EXEDY Corporation

JCR Affirmed BBB+/Stable Rating on Senior Debts of CAC Corporation

JCR Affirmed AA/Stable, AA, Pre. AA and J-1+ Rating on Sekisui House

JCR Affirmed AA-, A+, and J-1+ on EMTN of Sumitomo Mitsui Banking
JCR Affirmed A+ on EMTN of SMBC International Finance
JCR Affirmed AA- and J-1+ on EMTN of SMBC Capital Markets

JCR Assigned Preliminary A+ Rating to Shelf Registration of Sumitomo Chemical; Affirmed A+ and J-1; Revised Outlook to Negative

Aug. 23, 2012

[ Asset Securitization Products ] JCR Assigned Pre. J-1 to Aso Shoji Bills Receivable ABL12-08

[ Asset Securitization Products ] JCR Assigned J-3 to Monthly Clear Card Shopping Receivable ABL12-08

Aug. 22, 2012

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (C Hospital)

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (Asahikawa Sanai HP)

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

JCR Assigned Preliminary AA- Rating to Shelf Registration of Toyota Tsusho

JCR Assigned BBB/Stable Rating to Senior Debts of Daiki Aluminium Industry

Aug. 21, 2012

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL12-08

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (G Hospital)

Aug. 20, 2012

Trust Bonds No.37

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Fees Receivable ABL12-08 (F Hospital)

JCR Affirmed A-/Stable, Preliminary A- and J-1 Rating on Pocket Card

JCR Assigned Preliminary AAA Rating to Shelf Reg. of DBJ

JCR Affirmed BB+/Stable Rating on Senior Debts of Yamada Servicer