News Release

Apr. 07, 2009

Removes Credit Monitor (Negative) of PTT Exploration and Production Public Company

Apr. 06, 2009

Assigned AA- to 2nd series loan A/trust certificates of HC Ayasegawa

Assigned AA- to 2nd series loan A/trust certificates of HC Ayasegawa

Affirmed BB on Tokushinkai Group; Revised outlook to Positive

Affirmed BBB-/Stable on senior debts of Nakabayashi

Affirmed BBB/Stable on sr.debts of Unimat Life

Assigned preliminary A+ rating to shelf of Nippon Paper Group

Affirmed AA- on sr.debts of Kaneka; Revised outlook to Negative

Apr. 03, 2009

Withdraws A/Stable rating on sr.debts of Sunx Limited

Affirmed A-/Stable and J-1 on Keihan Electric Railway

Affirmed A- rating on Aoki Holdings; Revised outlook to Stable

Apr. 02, 2009

JCR's Rating Review of 3 Japan Railway companies

Affirmed BBB/Stable on sr.debts of Asahi Printing

Affirmed A- on Riso Kagaku; Revised outlook to Negative

JCR Assigned AA- rating to notes of Nomura Global Funding

Apr. 01, 2009

Assigned AA- to euroyen notes of SUNTORY EUROPE

Assigned AA-/Positive, AA- and J-1+ to Suntory Holdings Limited

Assigned A+/Stable to senior debts of Meiji Holdings

JCR Withdraws AA- rating on EMTN of Suntory
JCR Withdraws AA- rating on EMTN of SUNTORY EUROPE
JCR Withdraws AA- rating on EMTN of SUNTORY CAPITAL

Withdraws AA-/Positive, preliminary AA- and J-1+ rating on Suntory

Withdraws BB+/Negative rating on Tokura Construction

Upgraded Tohcello rating to A and J-1; Removed Credit Monitor

Removed Credit Monitor and Upgraded Meiji Dairies rating to A+

Removed Credit Monitor and affirmed A+ rating on Meiji Seika

Assigned BBB/Stable to sr.debts of Vital KSK Holdings

Withdraws #BBB/Positive rating on Vital-Net

Assigned preliminary A- rating to shelf of Okamura Corporation

Assigned BBB+/Stable to Toho Holdings; Affirmed J-2 on CP

Mar. 31, 2009

Assigned J-1+ to Teral Bills Receivable ABL09-03

Assigned J-1 to Molten Bills Receivable ABL09-03

Assigned J-1+ to JUTEC Bills Receivable ABL09-03

Withdraws BBB-/Stable rating on Tekken

Withdraws BBB-/Stable rating on Janome Sewing Machine

Withdraws BBB+, BBB- and J-2 rating on Atrium

Withdraws BBB+/Stable rating on Simplex Investment Advisors

Assigned J-1+ to CP program of Keio Corporation

Downgraded Futaba Industrial ratings to BBB; Removed CM

Assigned A- and J-1 to Cedyna Financial Corporation; Outlook Stable

Mar. 30, 2009

Assigned J-1 to Toyoshima Bills Receivable ABL09-03

Assigned J-1 to Castem Bills Receivable ABL09-03

Assigned J-1 to Aso Shoji Bills Receivable ABL09-03

Assigned J-1 to Ochisangyo Bills Receivable ABL09-03 (1),(2)&(3)

Assigned J-1 to SEIBUKIZAI Bills Receivable ABL09-03

Assigned J-1 to Nippon Tungsten Bills Receivable ABL09-03

JCR Affirmed BBB/Negative and J-2 on Tokai Tokyo Financial Holdings
JCR Assigned BBB/Negative and J-2 on Tokai Tokyo Securities

Assigned preliminary AA- to shelf of Mitsui O.S.K. Lines

Affirmed BBB/Stable on senior debts of Sintokogio

Affirmed A/Stable and A on sr.debts and bonds of Kureha

Affirmed AA+p/Stable on senior debts of Shin-Etsu Chemical

Mar. 27, 2009

Assigned J-1 to Kimura Bills Receivable ABL09-03

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

Affirmed BBB on WBBL secured senior loan

Assigned J-1 to Osaka Steel Tube Bills Receivable ABL09-03

Affirmed AAA/Stable on sr.debts of Kyushu University

Affirmed BBB/Stable on Nichias

Downgraded Shikoku Bank rating to A-, BBB+; Outlook remains Stable

Affirmed BBB/Stable on senior debts of Saga Kyoei Bank

Affirmed BBB/Stable on senior debts of Tokyo Derica

Mar. 26, 2009

Assigned J-1 to Bills Receivable ABL09-03 (B Corporation in Mie)

Affirmed AAA on Octave Synthetic CDO Series 3 Classes A-1/A-2/B

Assigned J-1+ to Chudai Jitugyo Bills Receivable ABL09-03

Assigned AA-/Stable and AA- to Global One Real Estate Investment

Affirmed AA/Stable on sr.debts of Kokugakuin University

Affirmed BBB-/Stable and BBB- on sr.debts and bonds of Tomy

Affirmed J-2 on CP of Furukawa Electric

Mar. 25, 2009

Assigned J-1 to Bills Receivable ABL09-03 (A Corporation in Aichi)

Assigned J-1 to CATERPILLAR Kyushu Bills ABL09-03

Assigned J-1 to Nakagawa Seitaikako Bills Receivable ABL09-03

Assigned J-1+ to MSNW Trust Certificate Series 09030

Assigned J-1 to healthcare fees ABL09-03 (Asahikawa Sanai HP)

Assigned J-1 to healthcare fees ABL09-03 (D Hospital)

Affirms AA/AA (FC/LC) Ratings on Slovenia; Outlook Stable

Assigned A/Stable to senior debts of J. F. Oberlin University and Affiliated Schools

Mar. 24, 2009

Assigned J-1 to Fuji Shokai Bills Receivable ABL09-03

Affirmed BBB-/Stable on Kanematsu Corp.; Assigned J-2

Mar. 23, 2009

Assigned J-1 to healthcare fees ABL09-03 (Asahikawa Sanai HP)

Assigned J-1 to Hayakawa Rubber Bills Receivable ABL09-03

Downgrades Ratings of Russian Federation to BBB+/A- (FC/LC); Outlook Negative

Affirmed A/Stable and J-1 on Mitsumi Electric

Mar. 19, 2009

Assigned J-1 to healthcare fees receivable ABL09-03 (C Hospital)

Affirmed BBB+/Stable on senior debts of IDEC

Assigned preliminary A rating to shelf of Jupiter Telecommunications

Affirms AAA Ratings on Belgium

Upgraded Ohsho Food Service rating to BBB+; Outlook remains Stable

Assigned preliminary A- to shelf registration of Kintetsu

Upgraded rating for Shinki to BBB+; Removed from CM

Upgraded Century Leasing System to A; Removed from Credit Monitor : Assigned A and J-1 rating anew to Century Tokyo Leasing; Outlook Stable

Upgraded Century Leasing System to A; Removed from Credit Monitor : Assigned A and J-1 rating anew to Century Tokyo Leasing; Outlook Stable

Upgraded Century Leasing System to A; Removed from Credit Monitor : Assigned A and J-1 rating anew to Century Tokyo Leasing; Outlook Stable

Mar. 18, 2009

Assigned J-1 to dispensing fees ABL09-03 (sun-kur Corporation)

Assigned J-1 to healthcare fees ABL09-03 (F Hospital)

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

Downgraded Mitsui Mining & Smelting rating to #A-/Negative

Mar. 17, 2009

Assigned J-1 to healthcare fees receivable ABL09-03 (Shuyukai)

Assigned J-1 to Kurashiki Medical Center Trust Certificates 09-03

Assigned J-1 to healthcare fees ABL09-03 (E Hospital)

Affirmed A+ on Oita Bank; Revised outlook to Negative

Mar. 16, 2009

Assigned J-1 to healthcare fees receivable ABL09-03 (A Hospital)

Assigned J-1 to healthcare fees receivable ABL09-03 (Kyowakai)

Withdrawn #J-2/Developing rating on CP program of Joint Corporation