News Release

Dec. 16, 2009

Assigned A rating to bonds of Hokkaido Gas

Assigned A+/Stable and J-1 to Nippon Meat Packers

Assigned BBB+ rating to bonds of Nankai Electric Railway

Dec. 15, 2009

Assigned J-1+ to Takeda Gen. Hospital Beneficial Interest 09-12

Affirmed A-/Stable and J-1 rating on Parco

Affirms A Rating on National Grid Gas

Assigned A rating to bonds of Sumitomo Realty & Development

Dec. 14, 2009

Assigned J-3 to Narasaki Stax Accounts Receivable ABL09-12

Assigned J-1 to Medical Fees Receivable ABL09-12 (Kyowakai)

Assigned AA- to senior debts of San-in Godo Bank; Outlook Stable

Assigned J-2 to CP program of Daiho Corporation

Affirmed BBB rating on Covalent Materials; Outlook Negative

Affirms A Rating on France Telecom; Outlook Stable

Maintains CM; Downgraded rating on Kansai Urban Banking to #A-

Affirmed J-1 on CP of UC Card

Dec. 11, 2009

Assigned J-1 to Medical Fees Receivable ABL09-12 (B Hospital)

Assigned pre. J-1 to A&D Bills Receivable Beneficial Int. 09-12

Assigned A- rating to bonds of Mitsui Mining & Smelting

Assigned A+ rating to bonds of Nippon Paper Group

Assigned A rating to bonds of Marubeni

Assigned #A-/Positive rating to sub.bonds of Chuo Mitsui Trust & Banking

Affirmed A/Stable and J-1 on senior debts and CP of Lintec

Assigned AAA to bonds of Aichi Prefecture

Assigned AA- rating to bonds of Mitsui O.S.K. Lines

Assigned A rating to bonds of Sanwa Holdings

Dec. 10, 2009

Assigned AA- rating to bonds of Coca-Cola West

Affirmed A/Stable and A on sr.debts and bonds of Hokuetsu Kishu Paper

Affirmed BBB/Stable and BBB on Daio Paper

Upgraded rating on Softbank Telecom to BBB+; Outlook Stable

Upgraded ratings on Softbank to BBB+; Outlook Stable

Affirmed A- on Fukuyama Transporting; Outlook Positive

Removed CM and upgraded rating on Sanyo Electric to A+

Dec. 09, 2009

Assigned J-1 to Nohara Bills Receivable ABL09-12

Assigned AA rating to bonds of Japan Atomic Power

Affirmed J-1 on CP of Nissay Leasing

Dec. 08, 2009

Assigned A to bonds of Denki Kagaku Kogyo

Assigned AAA to bonds of Kansai Electric Power Company

Assigns AA+ Rating to GDF SUEZ's Inaugural Samurai

Assigned A rating to bonds of Sumitomo Heavy Industries

Dec. 04, 2009

Assigned AA- to loans/leases receivable from Softbank Mobile

Revises Rating Outlook of Hyundai Capital Services to Stable

Assigned A+ to subordinated bonds of Sumitomo Mitsui Banking

Assigned preliminary A+ rating to shelf of Sumitomo Rubber Industries

Removed Credit Monitor and Affirmed BBB+ on Daisan Bank

Assigned AA rating to bonds of Asahi Kasei Corporation

Affirmed BBB/Stable on senior debts of Toyo Logistics

Affirmed AA/Stable and J-1+ on Mitsubishi Logistics

Assigned AAA to bonds of Chugoku Electric Power

Affirmed AAA/Stable on senior debts of Tokyo Metro

Dec. 03, 2009

Assigned A+ rating to bonds of Itochu

Assigned A+ rating to bonds of Itochu

Assigned AA to bonds of Keio Corporation

Upgraded rating on Keiyukai to BB+

Assigned AA- rating to bonds of Mitsubishi Heavy Industries

Affirmed A+/Stable on senior debts of Daicel Chemical Industries

Assigned AAA to bonds of Tokyo Electric Power Company

Dec. 02, 2009

Assigned AA+ rating to bonds of Osaka (City of)

Affirmed J-2 on domestic CP program of Shoko

Dec. 01, 2009

Affirmed BBB+/Stable on senior debts of Yamazen

Upgraded rating on Namura Shipbuilding to BBB+

Affirmed A- on Cedyna Financial; Revised outlook to Negative

Assigned AAA/Stable(FC), Affirmed AAA and Withdrew AAAp(FC) on LBBW

Affirmed J-1 on CP of MMC Diamond Finance

Nov. 30, 2009

Assigned J-1+ to Bills Receivable ABL09-11 (A Corp. in Niigata)

Assigned J-1+ to Teral Bills Receivable ABL09-11

Assigned J-1 to Molten Bills Receivable ABL09-11

Assigned J-1 to Toda Kogyo Bills Receivable ABL09-11

JCR Affirmed BBB+/Negative and BBB+ on Monex Group
JCR Affirmed BBB+/Negative and J-2 on Monex

Affirmed BBB/Stable and J-2 on Sojitz

Nov. 27, 2009

Assigned J-1 to A&D Bills Receivable Beneficial Int. 09-11

Assigned J-1 to Aso Shoji Bills Receivable ABL09-11

Assigned A rating to bonds of Kawasaki Heavy Industries

Affirmed BBB on Yamazawa; Revised outlook to Stable

Withdraws A-/Negative rating on senior debts of Okuma Corporation

Placed Commuture's rating under Credit Monitor Positive (#A-/Positive)

Removed Credit Monitor and affirmed BBB; Outlook Negative

Affirmed BBB+/Stable and J-2 on Matsui Securities

Affirmed A-/Stable and J-1 on Don Quijote

Placed Commuture's rating under Credit Monitor Positive (#A-/Positive)

Nov. 26, 2009

Assigned J-1 to Osaka Steel Tube Bills Receivable ABL09-11

Affirmed A-/Negative on Riso Kagaku

Affirmed BBB/Stable and J-2 on DYNAM

Assigned AA- rating to bonds of Mitsubishi UFJ Lease & Finance

Assigned A+/Stable to Disco Corporation

Nov. 25, 2009

Assigned J-1+ to MSNW Trust Certificate Series 09110

Assigned J-1 to Bills Receivable ABL09-11 (B Corporation in Mie)

Assigned A+ to bonds of Orix

Affirmed AA-/Stable on sr.debts of Sony Bank

Removed Credit Monitor and Affirmed A- and J-1; Outlook Stable

Assigned AA- to bonds of Nomura Holdings

Nov. 24, 2009

Assigned J-1 to Medical Fees Receivable ABL09-11 (D Hospital)

Assigned J-3 to Monthly Clear Card Shopping Receivable ABL09-11

Assigned J-1 to Fuji Shokai Bills Receivable ABL09-11

Upgraded rating on Nippon Flour Mills to A

Affirmed AA/Stable on senior debts of Nisshin Seifun Group

Affirmed A on Euro Medium Term Note Programme of BOT Lease

Affirmed A+/Stable and J-1 on sr.debts and CP of JFE Shoji Trade

Affirmed A+/Stable on sr.debts of JFE Shoji Holdings

Upgraded rating on Showa Sangyo to A- and J-1

Assigns AA+ Preliminary Rating to GDF SUEZ's Samurai