News Release

Jul. 20, 2011

Assigned J-3 to Narasaki Stax Accounts Receivable ABL11-07

Assigned preliminary J-1+ to MSNW Trust Certificate Series 11070

Assigned J-1 to Medical Fees Receivable ABL11-07 (I Hospital)

Affirms AA+ FC Rating on Quebec with stable outlook

Affirmed AA+p/Stable rating on sr.debts of Astellas Pharma

Assigned BBB and pre. BBB rating to bonds and shelf of Nichias

Jul. 19, 2011

Assigned J-1 to Medical Fees Receivable ABL11-07 (F Hospital)

Assigned J-1 to Kurashiki Medical Center Ben. Int. 11-07

Assigned J-1 to Medical Fees Receivable ABL11-07 (L Hospital)

Assigned AA-/Stable rating to sr.debts of United Urban Inv Corp.

Assigns Pre #A+ to JPY bonds on Hana Bank

Jul. 15, 2011

Assigned J-1 to Medical Fees Receivable ABL11-07 (K Hospital)

Assigned J-1 to Medical Fees Receivable ABL11-07 (Kyowakai)

Assigned J-1 to Medical Fees Receivable ABL11-07 (E Hospital)

Assigned J-1 to Dispensing Fees Receivable ABL11-07 (sun-kur)

Affirmed J-2 rating on CP of Asax

Assigned BBB rating to bonds of Nihon Chouzai

Assigned AAA rating to bonds of Aichi Prefecture

Assigned A rating to bonds of Kawasaki Heavy Industries

Assigned AAA rating to bonds of Development Bank of Japan

Assigned AA- rating to bonds of Sumitomo Metal Ind.

Jul. 14, 2011

Assigned J-1+ to Takeda Gen. Hospital Beneficial Interest 11-07

Affirmed BBB+/Positive rating on Chubu Shiryo

Affirmed A+/Stable and J-1 on Sumishin Panasonic Fin. Services

Affirmed BB+/Stable rating on sr.debts of Yamada Servicer

Affirmed S3- Servicer Rating on Yamada Servicer

Assigned AA rating to bonds of Keio Corporation

Jul. 13, 2011

Assigned pre. A- to bonds of Sumitomo Life Fund Sec. SPC IV

Assigned pre. J-1 to Kurashiki Medical Center Ben. Int. 11-07

Affirms AAA Ratings on Canada; Outlook Stable

Affirmed A-/Stable rating on AOKI Holdings

Assigned A-/Stable rating to sr.debts of EDION Corporation

Affirmed BBB-/Stable on ShinGinko Tokyo

Withdraws AA- rating on Bonds (pre.) of SMFL

Assigned AA- rating to bonds of SMBC

Assigned AA- rating to bonds of Mizuho Corporate Bank

Jul. 12, 2011

Assigned J-1 to Medical Fees Receivable ABL11-07 (B Hospital)

Assigned pre. J-1+ to Bills Receivable Ben. Int. 11-07 (A Corp.)

Assigned pre. A to bonds of Meiji Yasuda Life 2011 Fund SPC

Jul. 11, 2011

Assigned preliminary AA- rating to bonds of Nissay 2011 Fund SPC

Affirmed BBB+/Positive, pre. BBB+ and J-2 on Accordia Golf

Assigned BBB+/Stable rating to senior debts of Rakuten Credit

Assigned BBB rating on bonds of Elpida Memory

Revised rating on Penta-Ocean Construction to BBB+/Stable

Jul. 08, 2011

Assigned A+ rating to bonds of Marubeni Corporation

Affirmed BBB rating on Nagatanien; Revised outlook to Positive

Affirmed BBB+/Stable and BBB rating on Tomato Bank

Assigned AA- rating to bonds of Odakyu Electric Railway

Affirmed BBB- rating on Nissen HD; Revised outlook to Positive

Assigned pre. A- rating to shelf reg. of Sumitomo Osaka Cement

Assigned preliminary BBB+ rating to shelf reg. of Tobu Railway

Assigned AA- to subordinated bonds of Tokyo-Mitsubishi UFJ

Assigned AA rating to bonds of Tokyo-Mitsubishi UFJ

Assigns A- Rating to Poland's JPY bonds

Withdraws A+/Stable rating on sr.debts of Santen Pharmaceutical

Assigned A- rating to bonds of Tokyo Tatemono

Jul. 07, 2011

Affirmed BBB/Stable rating on senior debts of Hitachi Zosen

Assigned pre. AAA rating to shelf of Electric Power Development

Assigned preliminary AA rating to shelf reg. of JFE Holdings

Affirmed J-2 on CP of Ichinen Holdings

Jul. 06, 2011

Assigned J-1 to Medical Fees Receivable ABL11-07 (D Hospital)

JCR Removed CM; Affirmed A on Fuji Fire and Marine Insurance with Stable Outlook
JCR Removed CM; Upgraded rating on Fuji Life Insurance from #A-/Positive to A/Stable

Affirmed A/Stable and A rating on Horiba, Ltd.

Assigned AAA rating to bonds of Aichi Prefecture

Jul. 05, 2011

Affirms AAA ratings on the Netherlands: Outlook Stable

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

Jul. 01, 2011

Assigned A+ rating to bonds of Marubeni Corporation

Assigned preliminary A rating to shelf reg. of Daiichikosho

Affirmed AA-/Stable, pre. AA- and J-1+ on Asahi Group Holdings

Assigned pre. A+ rating to shelf reg. of Marubeni Corporation

Withdraws BBB+/Stable, pre. BBB+ and J-2 rating on Matsui Sec.

Assigned preliminary A rating to shelf reg. of Acom

Assigned AAA rating to bonds of Aichi Prefecture

Affirmed AA/Stable and J-1+ on Bridgestone Corporation

Assigned preliminary AA- rating to shelf of Sumitomo Metal Ind.

Assigns A- Preliminary Rating to Poland's JPY bonds

Withdraws BBB (FC)/BBB+ (LC) ratings of Bulgaria

Affirmed AA/Stable, AA and J-1+ on HOYA Corporation

Jun. 30, 2011

Assigned J-1 to Nohara Bills Receivable ABL11-06

Assigned J-1+ to Teral Bills Receivable ABL11-06

Affirmed AA- rating on Octave Synthetic CDO Series 4 bonds

Assigned J-1 to Molten Bills Receivable ABL11-06

Assigned preliminary AA- rating to shelf of Sumitomo Metal Ind.

Withdraws D rating on sr. debts of Es-Con Japan

Affirms AAA Ratings on Belgium

Jun. 29, 2011

Assigned J-1 rating to Aso Shoji Bills Receivable ABL11-06

Affirmed A-/Stable, A- and J-1 rating on Nipro

Affirmed J-1 rating on CP of Japan Pulp and Paper Company

Jun. 28, 2011

Assigned J-1 to Hyakugo Bank B Co. Bills Receivable ABL11-06

Assigned J-1+ to Bills Receivable Ben. Int. 11-06 (A Corp.)

Assigned J-1 to Hayakawa Rubber Bills Receivable ABL11-06

Assigned preliminary A+ and A to shelf reg. of Mizuho Bank

Assigned AA+ rating to bonds of Japan Student Services

Jun. 27, 2011

Assigned J-1 to Kimura Bills Receivable ABL11-06

Assigned J-1 to dispensing fees ABL11-06 (Nanba Pharmacy)

Assigned J-1+ to MSNW Trust Certificate Series 11060

Affirmed A/Stable rating on senior debts of OSG Corporation

Affirmed A/Stable and A- rating on Eighteenth Bank

Affirmed J-2 rating on CP of Yanmar

Withdraws pre. A+ rating on shelf of Marubeni Corporation