News Release

May. 09, 2008: Affirmed BBB-/Stable and J-2 on ES-CON Japan; Placed rating on AIG Edison Life Insurance under CM with Negative #AA+; Affirmed J-2 on CP of Toyo Tire & Rubber

May. 08, 2008: Assigned A-/Stable to senior debts of Seto Shinkin Bank; Affirmed BBB and J-2 on Fukuda; Revised outlook to Negative; Assigned preliminary A to shelf registration of Kureha; Assigned preliminary AA+ to bonds to be issued by Osaka (City of); Assigned preliminary BBB+ to shelf registration of Tonami Transportation

May. 07, 2008: Affirmed BBB/Stable on Southern Tohoku Research Institute for Neuroscience; Affirmed BBB/Stable on sr.debts of Kisoji; Assigned preliminary AA- to shelf registration of Tokai Rubber Industries

May. 02, 2008: Affirmed A-/Stable and J-1 on sr.debts and CP of Central Glass; Affirmed A/Stable and J-1 on Nippon Car Solutions; Affirmed BBB+/Stable and J-2 on sr.debts and CP of Gecoss; Affirmed BBB-/Stable on Kappa Create

May. 01, 2008: Affirmed A+/Stable on sr.debts of Daishi Bank; Affirmed A/Stable and J-1 on Taiyo Nippon Sanso; Affirmed A-/Stable on sr.debts of Yokohama Reito; JCR Assigned AA-/Negative and J-1+ to Nikko Citi Holdings
JCR Affirmed AA-/Negative and J-1+ on Nikko Cordial Securities; Downgrades GMAC to #B+/Negative; Affirmed AA-・Negative on NikkoCiti Trust; Outlook Negative

Apr. 30, 2008: Assigned J-1+ to Teral Kyokuto Bills Receivable ABL08-04; Assigned J-1 to Toda Kogyo Bills Receivable ABL08-04; Assigned J-1 to Hayakawa Rubber Bills Receivable ABL08-04; Assigned J-1 to Molten Bills Receivable ABL08-04; Withdrawn AA+/Stable on Nisshin Fire & Marine Insurance

Apr. 28, 2008: Assigned J-1 to Nippon Tungsten Bills Receivable ABL08-04; Assigned J-1 to Aso Shoji Bills Receivable ABL08-04; Affirmed BBB+/Stable and J-2 on sr.debts and CP of Elpida Memory; Affirmed BBB-/Stable on sr.debts of Kyoritsu Maintenance; Withdrawn shelf registration of Nippon Steel

Apr. 25, 2008: Assigned J-1+ to MSNW Trust Certificate Series 08040; Assigned J-1 to Bills Receivable ABL08-04 (B Corporation in Mie); Assigned J-1 to Bills Receivable ABL08-04 (A Corporation in Aichi); Assigned J-1 to Osaka Steel Tube Bills Receivable ABL08-04; Assigned J-1 to SEIBUKIZAI Bills Receivable ABL08-04; Assigned J-1 to Nakagawa Seitaikako Bills Receivable ABL08-04; Upgraded sr.debts of Maruetsu to BBB+/Stable; Affirmed A/Stable and J-1 on sr.debts and CP of DIC; Affirms AAA Ratings on International Bank for Reconstruction and Development; Outlook Stable; Affirms AAA Ratings on Inter-American Development Bank; Outlook Stable; JCR Downgraded Kirayaka Holdings to BBB-/Stable
JCR Downgraded Kirayaka Bank to BBB-/Stable; Revised outlook on Daikyo from Positive to Stable

Apr. 24, 2008: Affirmed AAA/Stable and AAA on sr.debts and bonds of Electric Power Development Company; Affirmed AA/Stable on Sony Life Insurance; Affirmed A-/Stable on Japan Vilene; JCR's Rating Review and View Points of Electric Power Companies; Affirmed AA/Stable on Japan Atomic Power Company; Assigned AA-/Stable to Mizuho Investors Securities; Upgraded CP to J-1+; Assigned A to bonds of Nifco; Affirmed A-/Stable and J-1 on LT/ST sr.debts of Kyoto Shinkin Bank

Apr. 23, 2008: Assigned J-1 to healthcare fees ABL08-04 (Asahikawa Sanai HP); Assigned J-1 to healthcare fees ABL08-04 (D Hospital); Assigned J-1 to Fuji Shokai Bills Receivable ABL08-04; Affirmed A+/Stable on sr.debts of Coca-Cola Central Japan; Affirmed AA-/Stable on sr.debts of Maruichi Steel Tube; Assigns AAA Ratings to African Development Bank's Senior Notes

Apr. 22, 2008: Assigned J-1 to healthcare fees receivable ABL08-04 (C Hospital); Assigned J-3 to short-term sr.debts of Money Partners; Upgraded A for Bank of Okinawa to A+/Stable; Affirmed BBB/Positive on Yamazawa; Affirmed AAp/Stable on senior debts of Hitachi; Downgraded rating on Eighteenth Bank to A/Stable

Apr. 21, 2008: Assigned AA- to bonds of Mizuho Corporate Bank; JCR Withdraws J-1 on euro CP programme of Yamaha Motor Europe
JCR Withdraws J-1 on euro CP programme of Yamaha Motor Finance (Europe); Affirmed A/Stable on sr.debts of Mie Bank

Apr. 18, 2008: Affirmed AA-/Stable and J-1+ for Mitsubishi UFJ Lease & Finance; Assigned A+ to bonds of Kobe Steel; Downgraded Takara Standard to A/Stable; Assigned pre. A and J-1; JCR's Rating Review of 3 Japan Railway companies

Apr. 17, 2008: Assigned J-1 to Kurashiki Medical Center Trust Certificates 08-04; Affirmed BBB- on Toli; Revised outlook to Negative; Affirmed BBB/Stable on sr.debts of Nagatanien; Assigns A+ Ratings to Kookmin Bank's Inaugural Samurai; Assigned A- to bonds of Fuji Electric Holdings; Affirmed BBB- on Wakachiku Construction; Revised outlook to Negative

Apr. 16, 2008: Assigned J-1 to healthcare fees ABL08-04 (E Hospital); Assigned J-1 to healthcare fees ABL08-04 (F Hospital); Assigned J-1 to healthcare fees receivable ABL08-04 (A Hospital); Assigned preliminary A to shelf registration of Nifco; Upgraded sr.debts of Nikon to A+/Stable; Upgraded sr.debts of Oriental Yeast to A/Stable; Assigned AA- to bonds of Sumitomo Metal Industries; Affirmed BBB/Stable on senior debts of Vital-Net; Affirmed BBB/Stable on sr.debts of Asahi Printing; Assigned AAA to bonds of Electric Power Development Company

Apr. 15, 2008: Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 08-04; Assigned J-1 to healthcare fees receivable ABL08-04 (Kyowakai); Assigned AAA to bonds of Tokyo Electric Power Company; Affirmed BBB on Royal Holdings; Revised Outlook to Stable; Assigned AA+ to bonds of NTT Data

Apr. 14, 2008: Affirmed J-1 on CP of Meiji Dairies; Upgraded sr.debts of Sunx to A/Stable

Apr. 11, 2008: Assigned J-1 to healthcare fees receivable ABL08-04 (B Hospital); Affirmed A/Stable and A on senior debts and bonds of Rohto Pharmaceutical; Affirmed A/Stable rating on sr.debts of Sundrug; Assigned AA- to bonds of Sumitomo Mitsui Banking; Assigned AA- to bonds of Hitachi Capital; Affirmed BBB for Unimat Life and Revised Outlook to Stable; Assigned AA- to bonds of Sumitomo Chemical

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