News Release

May. 12, 2009

Affirms A-/A+ (FC/LC) Ratings on PTT Exploration and Production Public Company

JCR Affirms A+/AA- (FC/LC) Ratings on Daejeon Metropolitan City; Outlook Negative
JCR Affirmed A+ Ratings on Bonds of Daejeon Riverside Expressway Funding

Affirms A/A+ (FC/LC) ratings on Malaysia; Outlook Stable

May. 11, 2009

Affirmed A-/Stable and J-1 on LT/ST sr.debts of Kyoto Shinkin Bank

Withdraws BBB-/Stable rating on senior debts of Tokatsu Foods

Withdraws #B+/Negative and NJ rating on Cosmo Securities

May. 08, 2009

Assigned J-1 to Nohara Bills Receivable ABL09-05

Affirmed A/Stable and J-1 on Matsumotokiyoshi Holdings

JCR Assigned AA- to EMTN of Mizuho Securities
JCR Assigned AA- to EMTN of Mizuho International

Affirmed A+/Stable and J-1+ on Sumitomo Mitsui Card

Affirmed A/Stable rating on sr.debts of Sundrug

Affirmed BBB/Stable on senior debts of Daiken Corporation

Withdraws BBB-, J-2 rating on sr.debts and CP of Risa Partners

Downgraded Hokuetsu Bank rating to A- and BBB+

May. 07, 2009

Affirmed A- on Michinoku Bank; Revised outlook to Negative

Assigned BBB-/Stable rating to Akanekai

May. 01, 2009

Assigned preliminary BBB+ rating to shelf of Nankai Electric Railway

Affirmed BBB/Stable on sr.debts of Nagatanien

Removed Credit Monitor and Affirmed BBB- on Risa Partners

Affirmed A+ rating on Shiga Bank; Revised outlook to Negative

Revised direction to Credit Monitor on Nikko Cordial to Positive

JCR Downgrade CSK Holdings to #BB/Negative and #J-3/Negative
JCR Downgrade Cosmo Securities to #B+/Negative and NJ

Apr. 30, 2009

Assigned J-1 to Molten Bills Receivable ABL09-04

Assigned J-1 to A&D Bills Receivable Trust Certificates 09-04

Assigned J-1+ to Teral Bills Receivable ABL09-04

Assigned J-1 to Toda Kogyo Bills Receivable ABL09-04

Affirmed A/Stable on sr.debts of Mie Bank

Affirmed A+/Stable on Bank of Okinawa

Upgraded Towa Real Estate Development rating to AA-; Removed Credit Monitor

Withdraws A-/Negative and J-1 ratings on Sinanen

Revised rating outlook on Nisshin Steel from Stable to Negative

Withdraws preliminary A+ rating on shelf of Meiji Dairies Corporation

Withdraws preliminary A+ rating on shelf of Meiji Seika Kaisha

Downgraded Shonai Bank rating to A-/Negative

Apr. 28, 2009

Assigned J-1 to Aso Shoji Bills Receivable ABL09-04

Assigned J-1 to Nippon Tungsten Bills Receivable ABL09-04

Affirmed BBB on Yorozu; Revised outlook to Negative

Affirmed A-/Stable and J-1 on Nipro

Affirmed AA on University of Kitakyushu; Revised outlook to Positive

Placed Kanto Tsukuba Bank under Credit Monitor (#BBB/Negative)

Downgraded Asahi Fire & Marine Insurance rating to BBB+; Outlook Stable

Withdraws BBB+/Stable rating on senior debts of CKD

Apr. 27, 2009

Assigned J-1 to Bills Receivable ABL09-04 (B Corporation in Mie)

Assigned J-1 to Bills Receivable ABL09-04 (A Corporation in Aichi)

Assigned J-1 to Osaka Steel Tube Bills Receivable ABL09-04

Assigned J-1+ to MSNW Trust Certificate Series 09040

Affirmed A+/Stable and A+ on Nishi-Nippon Railroad

Assigned preliminary AA- to shelf of Mitsubishi UFJ Lease & Finance

Downgraded Isuzu Motors to BBB+ and J-2; Outlook remain Stable

JCR's Rating Review and View Points of Electric Power Companies

Affirmed AA/Stable on Japan Atomic Power

Withdraws Takara Leben's BB+/Stable and J-3 rating

Downgraded Prospect Reit Investment Rating to BBB; Outlook Stable

Affirmed BBB- on Ishihara Sangyo Kaisha; Revised outlook to Negative

Affirmed AAA/Stable and AAA on sr.debts and bonds of Electric Power Development Company

Apr. 24, 2009

Affirms AA- ratings on Portugal Republic with stable rating outlook

Affirmed A+/Stable on sr.debts of Coca-Cola Central Japan

Withdraws BBB/Stable rating on senior debts of Nishikawa Rubber

Assigned preliminary A+ and A to shelf (sub.) of Mizuho Bank

Withdrawn D ratings on Suruga

Apr. 23, 2009

Assigned J-1 to healthcare fees ABL09-04 (D Hospital)

Affirmed A-/Stable on senior debts of Seto Shinkin Bank

Affirmed A-/Stable and BBB+ on Bank of The Ryukyus

Downgraded Daisan Bank rating to #BBB+/Negative

Affirmed BBB+/Stable on sr.debts of Chubu Shiryo

Apr. 22, 2009

Assigned J-1 to Fuji Shokai Bills Receivable ABL09-04

Assigned J-1 to healthcare fees ABL09-04 (Asahikawa Sanai HP)

Affirmed BB+/Stable on senior debts of Takeei

Affirmed A- on Chikuho Bank; Revised outlook to Negative

Affirmed BBB/Stable on sr.debts of Towa Sangyo

Affirmed A and A- on Nanto Bank; Revised outlook to Negative

Apr. 21, 2009

Assigned J-1 to healthcare fees receivable ABL09-04 (C Hospital)

Assigned preliminary J-1 to A&D Bills Receivable Trust Certificates 09-04

Assigned J-1 to healthcare fees receivable ABL09-04 (G Hospital)

Affirmed BBB+/Stable and J-2 on Inageya

Assigned A+ to bonds of Kobe Steel

Withdrawn D ratings on Urban

Affirmed AA-/Stable and J-1+ on Hitachi Capital

Assigned AAA to bonds of Development Bank of Japan Inc.

Apr. 20, 2009

Assigned J-1 to healthcare fees ABL09-04 (F Hospital)

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

Affirmed BBB-/Stable on sr.debts of Kyoritsu Maintenance

Affirmed BBB/Stable on senior debts of Fukuho Bank

Assigned AA- to bonds of Sumitomo Mitsui Banking

Assigned preliminary BBB to shelf reg. of Daio Paper

Apr. 17, 2009

Assigned J-1 to Kurashiki Medical Center Trust Certificates 09-04

Assigned J-1 to healthcare fees ABL09-04 (H Hospital)

Affirmed A/Stable rating on Oriental Yeast

Withdraws BB+/Stable rating on Wakachiku Construction

Affirmed A and A- on Fukui Bank; Revised outlook to Negative

Apr. 16, 2009

Assigned J-1 to dispensing fees ABL09-04 (sun-kur Corporation)

Assigned J-1 to healthcare fees ABL09-04 (E Hospital)

Assigned J-1 to healthcare fees receivable ABL09-04 (Shuyukai)

Assigned J-1 to healthcare fees receivable ABL09-04 (Kyowakai)

Affirmed A+/Stable and J-1 on STB Leasing

Affirmed A/Stable and J-1 on Takara Standard

Affirmed A on Aichi Steel; Revised outlook to Negative

Apr. 15, 2009

Assigned J-1 to healthcare fees receivable ABL09-04 (A Hospital)

Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 09-04

Downgrades the Rating on Deutsche Bank to AA-p, Outlook Stable