News Release

Sep. 19, 2008: Affirmed A-/Stable on sr.debts of Mazda Motor; Affirmed J-1 on CP program of Nippon Flour Mills; Affirmed BBB+/Stable on senior debts of Daiichi Jitsugyo; Affirmed A- on Nippon Tochi-Tatemono; Outlook changed to Stable; Affirmed A- on Yachiyo Bank; Changed Outlook to Negative; Affirmed A-on Higashi-Nippon Bank; Changed Outlook to Negative

Sep. 18, 2008: Assigned J-1 to Kurashiki Medical Center Trust Certificates 08-09; Assigned J-1 to A&D Bills Receivable Trust Certificates; Assigned J-1 to dispensing fees ABL08-09 (sun-kur Corporation); Assigned J-1 to healthcare fees ABL08-09 (F Hospital); Affirms AAA/AAA (FC/LC) Ratings on United States of America; Withdrawn BBB/Stable rating on senior debts of S & B Foods; Affirms United Kingdom at AAA/Stable; Affirms AAA/AAA (FC/LC) Ratings on French Republic; Affirms AAA/AAA (FC/LC) Ratings on Federal Republic of Germany; Affirmed A-/Stable on sr.debts of Fuji Electric Holdings; Affirms AAA/AAA (FC/LC) Ratings on Canada; Affirms AA+ (FC/LC) Ratings on Italy (Republic of), Outlook Revised to Stable; Affirmed J-1 on CP of Fuji Electric Finance and Accounting Support; Changed direction to Credit Monitor for AIG Edison to Developing; Affirmed AA-/Stable on senior debts of Awa Bank

Sep. 17, 2008: Assigned J-1 to healthcare fees ABL08-09 (E Hospital); Assigned J-1+ to Chudai Jitugyo Bills Receivable ABL08-09; Assigned J-1 to healthcare fees receivable ABL08-09 (Shuyukai); Affirmed BBB-/Stable on sr.debts of Miyoshi Oil & Fat; Placed ratings on Nippon Car Solutions under CM #A/Negative

Sep. 16, 2008: Assigned J-1 to healthcare fees receivable ABL08-09 (A Hospital); Assigned J-1 to healthcare fees receivable ABL08-09 (Kyowakai); Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 08-09; Affirmed A- on Asahi Broadcasting; Outlook changed to Negative; Upgraded rating on GS Yuasa to BBB/Stable from BBB-/Positive; Affirmed BBB+/Stable and J-2 on Nippon Sheet Glass; Downgraded rating on AIG Edison Life Insurance to #A+/Negative; Continues CM

Sep. 12, 2008: Affirmed J-1+ on ABCP following review of Credit Enhancers; Affirmed J-1+ on ABCP following review of Credit Enhancers; Affirmed J-1+ on ABCP following review of Credit Enhancers; Affirmed J-1+ on ABCP following review of Credit Enhancers; Affirmed J-1+ on ABCP following review of Credit Enhancers; JCR Affirmed J-1+ on ABCP following review of Credit Enhancers; Affirmed A+/Stable and J-1 on kabu.com Securities; Affirmed AA/Stable on Mitsubishi UFJ Securities; Assigned A+ to subordinated bonds of Sumitomo Mitsui Banking; Affirmed BBB on Warabeya Nichiyo; Outlook changed to Positive

Sep. 11, 2008: Assigned AA to specified bond of Nissay 2008 Fund Special Purpose Company; Assigned J-1 to healthcare fees receivable ABL08-09 (B Hospital); Assigned J-2 to CP of Yanmar; Assigned A- to bonds of Nisshin Oillio Group; Affirmed Ap/Stable on sr.debts of Hitachi Maxell; Affirmed AA-/Stable on sr.debts of Yamaha Corporation; Affirmed A/Stable on sr.debts of Izumi; Placed rating on Meiji Seika under Credit Monitor Negative; Assigned BBB+ to bonds of Toyo Tire & Rubber; Affirmed BBB/Stable on senior debts of Fuji; Placed rating on Meiji Dairies under Credit Monitor Positive

Sep. 10, 2008: Affirmed BBB on Tokai Tokyo Securities; Changed outlook to Stable; Affirmed BBB+/Stable on sr.debts of Tohokusoshin; Assigned AA to bonds of Bank of Tokyo-Mitsubishi UFJ; Affirmed A+/Stable on senior debts of Santen Pharmaceutical; Affirmed BBB-/Stable on senior debts of Tokatsu Foods

Sep. 09, 2008: Assigned J-1 to Nohara Bills Receivable ABL08-09; Assigned preliminary AA to shelf registration of NTT Finance; Placed rating on Daiwabo Information System under CM with Developing; Affirmed A/Stable and J-1 on sr.debts and CP of Dowa Holdings

Sep. 08, 2008: Assigned AA to bonds of Nomura Holdings; Placed ratings on Acom under CM Positive; Placed ratings on Joint Corporation under CM Developing; Placed rating on Japan Asia Investment under CM Negative

Sep. 05, 2008: Assigned J-1 to Hayakawa Rubber Bills Receivable ABL08-09; Affirmed BBB on senior debts of Culture Convenience Club; Revised Outlook to Positive; Assigned A to bonds; Affirmed A/Stable on Mitsui-Soko; Affirmed A-/Stable on sr.debts of Michinoku Bank; Downgraded rating on sr.debts of Oji Paper to A+p/Stable; Affirmed Ap/Stable on senior debts of Hitachi Software Engineering; Affirmed A- on Kintetsu; Revised Outlook to Negative from Stable; Assigned A+ to bonds of Nishi-Nippon Railroad; Assigned AA to bonds of Urban Renaissance Agency; Assigned AAA to bonds of Chugoku Electric Power; Assigned AA- to bonds of Mitsubishi UFJ Lease & Finance

Sep. 04, 2008: JCR Affirmed A+ on EMTN of ITOCHU
JCR Affirmed A+ on EMTN of ITOCHU International
JCR Affirmed A+ on EMTN of ITOCHU Finance (Europe)
JCR Assigned A+ on EMTN to ITOCHU Treasury Centre Asia; Affirmed A-/Stable on sr.debts of Tosoh; Assigned AAA to bonds of Kansai Electric Power; Assigned AAA to bonds of Tokyo Electric Power; Assigned AAA to bonds of Chugoku Electric Power; Assigned AA to bonds of Kansai International Airport

Sep. 03, 2008: Upgraded sr.debts of Keiyo Bank to A+/Stable from A/Positive; Assigned A- to bonds of Nagoya Railroad

Aug. 29, 2008: Assigned J-1+ to JUTEC Bills Receivable ABL08-08; Assigned J-1+ to Teral Kyokuto Bills Receivable ABL08-08; Assigned J-1 to Toda Kogyo Bills Receivable ABL08-08; Assigned J-1 to Molten Bills Receivable ABL08-08; Assigned preliminary A- to shelf registration of Tokyo Tatemono; Withdrawn #J-2/Positive rating on CP of Tokyu Store Chain; JCR Affirmed A+/Stable on senior debts of Nippon Paper Group
JCR Affirmed A+/Stable on senior debts of Nippon Paper Industries; Affirmed A-/Stable and J-1 on Nippon Mining Holdings; Affirms BBB+ (FC) Rating on ICICI Bank; Outlook Stable

Aug. 28, 2008: Assigned J-1 to Bills Receivable ABL08-08 (B Corporation in Mie); Assigned J-1 to Aso Shoji Bills Receivable ABL08-08; Assigned AAA to ABL on auto leases receivable

Release Information: News Release; Issuer Reports; Reports relating to Issuer; JCR News