News Release

Feb. 15, 2008: Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 08-02; Assigned preliminary A to shelf registration of Promise; Affirmed A and J-1 for Daido Steel; Revised outlook to Stable

Feb. 13, 2008: Assigned J-1 to healthcare fees receivable ABL08-02 (A Hospital); Assigned J-1 to healthcare fees receivable ABL08-02 (B Hospital); Placed Toyama Chemical under CM with Positive; Assigned AA to bonds of Bank of Tokyo-Mitsubishi UFJ; Affirmed AA-/Stable and AA- on sr.debts and bonds of Kuraray

Feb. 12, 2008: Affirmed BBB+ for Valor; Revised outlook to Positive from Stable; Affirmed Ap/Stable on senior debts of Fujikura

Feb. 08, 2008: Assigned J-1 to Nohara Bills Receivable ABL08-02; Affirmed BBB for San Holdings; Revised Outlook to Stable; Affirmed A/Stable on senior debts of Kyowa Exeo; Affirmed A/Stable and J-1 on sr.debts and CP of Meiji Dairies Corporation; Assigned BBB+/Stable to senior debts of Nagano Bank; Assigned AAA to bonds of National Life Finance; Affirmed BBB/Stable on senior debts of Harima Chemicals; Affirmed BBB+/Stable on senior debts of Roland; Affirmed A+/Stable on sr.debts of Sumitomo Warehouse; Affirmed BBB/Stable and J-2 on Pacific Management; Assigned A-/Negative to senior debts (FC) of AEON Thana Shinsap (Thailand); Affirmed BBB- for Japan General Estate; Revised outlook to Stable; Assigned A- to bonds of Don Quijote; Continues to place ratings on Bank of Ikeda under Credit Monitor; Assigned AAA to bonds of Tokyo Electric Power Company; Assigned BBB+ to bonds of Covalent Materials Corporation

Feb. 07, 2008: JCR Assigned A+ to bonds of Daiwa Securities Group; Affirmed BBB/Stable on sr.debts of Japan Medical Alliance; Assigned AA to bonds of Bank of Tokyo-Mitsubishi UFJ; Assigned preliminary BBB+ to sub.undated loan (hybrid sec.) of Sumitomo Realty & Development; Assigned AAA to bonds of Kyushu Electric Power Company; Assigned AA to bonds of Kansai International Airport; Assigned AAA to bonds of Tokyo Electric Power Company; Assigned AAA to bonds of Kansai Electric Power Company

Feb. 06, 2008: Affirmed B+p/Stable for Yamato Life Insurance; Affirmed BBB/Stable; Assigned J-2 to CP of Taiyo Oil; Affirmed A/Stable and A on sr.debts and bonds of Aichi Steel; Affirmed BBB+/Stable on sr.debts of Settsu Suito Shinkin Bank; Affirmed A/Stable and J-1 on sr.debts and CP of Sumitomo Realty & Development; Affirmed AA+p/Stable on senior debts of Mitsubishi Estate; Assigned AA-/Stable to sr.debts of Mitsui Fudosan; Withdrawn AA-p; Assigned AAA to bonds of Development Bank of Japan

Feb. 05, 2008: Affirmed A-/Positive and J-1 on Sanyo Special Steel; Affirmed BBB+/Stable on sr.debts of Shibusawa Warehouse; Affirmed A for Ogaki Kyoritsu Bank; Revised outlook to Positive; Affirmed A+/Stable on senior debts of Oita Bank; Affirmed BB-/Stable on senior debts of Medca Japan; Assigned preliminary BBB to shelf registration of Risa Partners

Feb. 04, 2008: Affirmed BBB-/Stable and J-2 on sr.debts and CP of Furukawa; Affirmed BBB-/Stable and J-2 on sr.debts and CP of Takara Leben; Affirmed A/Stable on sr.debts of Kissei Pharmaceutical; Affirmed BBB+/Stable on senior debts of Mitsubishi Materials; Affirmed BBB-/Stable and J-2 on sr.debts and CP of Furukawa; Assigned AA-/Stable & J-1+ to sr.debts and CP of Hitachi Capital

Feb. 01, 2008: Affirmed BBB/Positive on sr.debts of Nippon Fine Chemical; Assigned preliminary A+ to shelf registration of Mitsubishi Rayon; Affirmed A/Stable on senior debts of Air Water; Assigned preliminary AA to bonds of Bank of Tokyo-Mitsubishi UFJ; Assigned preliminary A to shelf registration of Izumi; Assigned A- to bonds of Nagoya Railroad

Jan. 31, 2008: Assigned J-1 to Toda Kogyo Bills Receivable ABL08-01; Assigned J-1 to Aso Shoji Bills Receivable ABL08-01; Assigned J-1+ to Teral Kyokuto Bills Receivable ABL08-01; Assigned J-1 to Molten Bills Receivable ABL08-01; Upgraded Kyoei Kasai Shinrai Life Insurance to A+/Stable; Assigned preliminary A- to shelf registration of Century Leasing System; Affirmed J-1 on CP of Kyodo Leasing; Affirmed A+/Stable on senior debts of Daicel Chemical Industries

Jan. 30, 2008: Assigned J-1 to Nippon Tungsten Bills Receivable ABL08-01; Affirmed A-/Stable and J-1 on sr.debts and CP of Toyobo; Affirmed A+/Stable on sr.debts of Kyoritsu Women's

Jan. 29, 2008: Assigned J-1 to Bills Receivable ABL08-01 (B Corporation in Mie); Assigned J-1 to Osaka Steel Tube Bills Receivable ABL08-01; Upgraded sr.debts of IBJ Leasing to A/Stable from A-/Positive; Affirmed Ap/Stable on senior debts of Toyo Ink Mfg.; Affirmed A-/Stable on senior debts of Nagoya Railroad; Assigned A-/Stable to senior debts of Mori Building

Jan. 28, 2008: Assigned J-1 to SEIBUKIZAI Bills Receivable ABL08-01; Assigned J-1 to Fuji Shokai Bills Receivable ABL08-01; Assigned preliminary BBB to shelf registration of OMC Card; Affirmed A/Stable and J-1 on Tokyo Leasing; Affirmed A+/Negative and J-1 on sr.debts and CP of Aeon Credit Service

Jan. 25, 2008: Assigned J-1+ to MSNW Trust Certificate Series 08010; Assigned J-1 to Bills Receivable ABL08-01 (A Corporation in Aichi); Assigned J-1 to Nakagawa Seitaikako Bills Receivable ABL08-01; Affirmed A-/Stable and J-1 on bonds and CP of Nisshin Oillio Group; JCR Affirms A+/AA- (FC/LC) on Daejeon City; Outlook Positive
JCR Affirmed A+ Ratings on Bonds of Daejeon Riverside Expressway Funding; Affirms A+p/AA-p (FC/LC) ratings on Korea Development Bank; Affirmed A-/Stable on sr.debts of Asahi Fire & Marine Insurance; Upgraded Aeon Kyushu to A/Stable and J-1; JCR Affirmed A+/AA- (FC/LC) Ratings on KEPCO

Jan. 24, 2008: Affirmed BBB+/Stable and J-2 on sr.debts and CP of Tohcello; Assigned preliminary #BB/Negative to shelf registration of NIS Group; Assigned A+ to bonds of Meiji Seika; Assigned AAA to bonds of Tokyo Metro; Affirmed A/Stable on sr.debts of Japan Net Bank

Jan. 23, 2008: Assigned J-1 to healthcare fees ABL08-01 (Asahikawa Sanai HP); Affirmed AA for Canon Marketing Japan; Revised outlook to Positive; Assigned pre.A+; Affirmed A+/Stable and J-1 on Meiji Seika Kaisha

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