News Release

Jun. 26, 2008: Downgraded sr.debts of Daido Fire & Marine Insurance to A-/Stable

Jun. 25, 2008: Assigned pre. AA-/AAA to trust certificates of PFI; Assigned J-1+ to MSNW Trust Certificate Series 08060; Assigned J-1 to Bills Receivable ABL08-06 (A Corporation in Aichi); Assigned pre. AA-/AAA to loans of PFI; Assigned J-1 to Nakagawa Seitaikako Bills Receivable ABL08-06; Assigned AA+ to bonds of Japan Student Services

Jun. 24, 2008: Affirmed A-/Stable rating on sr.debts of Ehime Bank; Assigned J-2 to CP of Shinsho Corporation; Downgraded ratings on Suruga to D

Jun. 23, 2008: Assigned J-1 to healthcare fees ABL08-06 (Asahikawa Sanai HP); Assigned J-1 to Fuji Shokai Bills Receivable ABL08-06; Affirmed A-/Stable on sr.debts of Tono Shinkin Bank; Affirmed A-/Stable on sr.debts of Sapporo Shinkin Bank; Affirmed A-/Stable on senior debts of Seibu Shinkin Bank

Jun. 20, 2008: Assigned J-1 to healthcare fees receivable ABL08-06 (C Hospital); Assigned pre. J-1 to A&D Bills Receivable 08-06 Trust Certificates; Affirmed A-/Stable on sr.debts of Seishin Shinkin Bank; Affirmed A-/Positive on Yokohama Shinkin Bank

Jun. 19, 2008: Assigned AAA to bonds of JBIC; JCR Affirmed A-/A (FC/LC) Ratings on PTT

Jun. 18, 2008: Assigned J-1 to healthcare fees ABL08-06 (D Hospital); Assigned J-1 to healthcare fees ABL08-06 (E Hospital)

Jun. 17, 2008: Assigned J-1 to healthcare fees ABL08-06 (F Hospital); Assigned J-1 to healthcare fees receivable ABL08-06 (Shuyukai); Assigned J-1 to Kurashiki Medical Center Trust Certificates 08-06; Affirmed AA+/Stable on sr.debts of Shoko Chukin Bank

Jun. 13, 2008: Assigned J-1 to healthcare fees receivable ABL08-06 (A Hospital); Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 08-06; Assigned J-1 to healthcare fees receivable ABL08-06 (Kyowakai); Affirmed BBB+ on EMTN of Monex Beans Holdings; Places Ratings of LS Cable under Credit Monitor/Negative; Assigned A to bonds of Daido Steel

Jun. 12, 2008: Affirmed BBB-/Stable on sr.debts of Yamada Servicer Synthetic Office; Assigned A+ to bonds of Sumitomo Rubber; Affirmed A+/Stable; Assigned A- to subordinated bonds of Eighteenth Bank; Assigned AA to bonds of NTT Finance; Affirmed S3 Servicer Rating on Yamada Servicer Synthetic Office

Jun. 11, 2008: Assigned J-1 to healthcare fees receivable ABL08-06 (B Hospital); Assigned A to bonds of Acom; Assigned AA- to bonds of Hitachi Capital; Assigned A+ to bonds of Itochu

Jun. 10, 2008: Assigned J-1 to Hayakawa Rubber Bills Receivable ABL08-06; Assigned AA+/stable Rating on Banco Bilbao Vizcaya Argentaria SA; Assigned AA- to bonds of Orix; Assigned A rating to bonds of Kureha; Assigned pre. BBB+, BBB+ to shelf registration & bonds of Shibusawa Warehouse

Jun. 09, 2008: Downgraded Goodwill to #BBB-/Negative with CM continued; Affirmed A-/Stable and A- on sr.debts and bonds of SSP; Assigned BBB/Stable to sr.debts of Clarke Gakuen

Jun. 06, 2008: Assigned J-1+ to JUTEC Bills Receivable ABL08-06; Assigned A- ratings to bonds of Nippon Mining Holdings; Assigned AAA to bonds of Kyushu Electric Power Company; Affirmed AA-/Stable on sr.debts of Futaba Industrial; Withdrawn BB/Negative for NIS Group and Nissin Servicer; Withdrawn BB/Negative for NIS Group and Nissin Servicer

Jun. 05, 2008: Assigned A- to bonds of Mazda Motor; Assigned AA to bonds of Mitsubishi Logistics; Assigned AA+ to bonds of Osaka (City of); Assigned AAA to bonds of Japan Finance Corporation for Small and Medium Enterprise; Assigned AAA to bonds of Development Bank of Japan; Assigned AAA to bonds of Kansai Electric Power Company

Jun. 04, 2008: Assigned A to bonds of Denki Kagaku Kogyo; Assigned A-/Stable and J-1 to sr.debts and CP of Idemitsu Credit; Assigned AAA to bonds of NTT DoCoMo; Assigned AAA to bonds of Tokyo Electric Power Company; Assigned AA+ to bonds of Osaka (City of); Withdrawn BBB rating on Iida Home Max; Placed Urban Corporation under CM; Downgraded rating to #BB+/Negative

Jun. 02, 2008: Withdrew Bear Stearns' #AA-/Developing rating; Affirmed A-/Stable on sr.debts of Hiroshima Shinkin Bank; Affirmed A-/Stable on sr.debts of Saitamaken Shinkin Bank; Downgraded Issuer: Goodwill Group to #BB-/Negative; Continues CM

May. 30, 2008: Assigned J-1+ to Teral Kyokuto Bills Receivable ABL08-05; Assigned J-1 to Toda Kogyo Bills Receivable ABL08-05; Assigned J-1 to Molten Bills Receivable ABL08-05; Affirmed BBB+/Stable on sr.debts of Chubu Shiryo; Affirmed A/Stable on sr.debts of Nosan Corporation; Downgraded ratings on Suruga to #CCC/Negative; Downgraded rating on Zephyr to #BB-, #B+ and NJ; Assigned BBB+ to bonds of Nankai Electric Railway; Affirmed BBB-/Stable on sr.debts of Nichiwa Sangyo

May. 29, 2008: Assigned J-1 to Aso Shoji Bills Receivable ABL08-05; Assigned J-1 to Toyoshima Bills Receivable ABL08-05; Assigned J-1 to Nippon Tungsten Bills Receivable ABL08-05; Assigned AA to bonds of Urban Renaissance Agency; Assigned BBB+ to bonds of Tonami Transportation; Assigned A+ to bonds of Tokyu; Upgraded rating on SUMCO to A+/Stable from A/Positive; Downgraded rating on Suruga to #BB/Negative and #BB-/Negative; Affirmed BBB- on Kohnan Shoji; Revised outlook to Positive

May. 28, 2008: Assigned J-1 to Osaka Steel Tube Bills Receivable ABL08-05; Assigned J-1 to healthcare fees receivable ABL08-05 (Shuyukai); Affirmed AA/Stable and AA on Kansai International Airport; Affirmed A+/Stable on Nissan Financial Services; Assigned AA- to bonds of Tokai Rubber Industries; Affirmed A+/Stable and J-1+ on JCB

May. 27, 2008: Assigned J-1 to SEIBUKIZAI Bills Receivable ABL08-05; Assigned J-1 to Bills Receivable ABL08-05 (B Corporation in Mie)

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