News Release

Jan. 24, 2008: 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; Assigned pre. BBB-; Affirmed BBB-/Stable for Japan Airlines Corporation; Assigned pre. BBB-; Affirmed BBB-/Stable for Japan Airlines Corporation

Jan. 22, 2008: Affirmed A-/Stable and J-1 on sr.debts and CP of Itochu Enex; Affirmed BBB+/Stable on senior debts of Iino Kaiun Kaisha; Affirmed BBB-/Stable and J-2 on sr.debts and CP of Anabuki Construction; Removed CM and upgraded Simplex Investment Advisors to BBB+/Stable; Affirmed A-/Stable and J-1 on sr.debts and CP of Sinanen

Jan. 21, 2008: Assigned A+ to subordinated bonds of Mizuho Bank; Affirmed AA+/Stable on senior debts of Seven-Eleven Japan

Jan. 18, 2008: Assigned J-1 to healthcare fees ABL08-01 (D Hospital); Assigned J-1 to Kurashiki Medical Center Trust Certificates 08-01; Assigned A- to Samurai bonds of Hyundai Capital Services; Assigned pre.A, Affirmed A for Sumitomo Heavy Industries; outlook revised to Positive; Assigned AA to bonds of Nippon Steel; Affirmed BBB/Stable on senior debts of GEO Corporation; Assigned AA- to bonds of Mizuho Corporate Bank

Jan. 17, 2008: Assigned J-1 to healthcare fees receivable ABL08-01 (Kyowakai); Assigns "A" Ratings to Renault's Samurai Bond; Affirmed BBB for Nakayama Steel Works; Revised outlook to Stable; Assigned AA- to bonds of Sumitomo Mitsui Banking; Assigned AA to bonds of Oriental Land; Assigned A- to bonds of Fuji Electric Holdings; Assigned BBB+/Stable to senior debts of Shinsho Corporation; Assigned BBB/Stable to senior debts of Mikuni Corporation; Assigned AA- to bonds of Sumitomo Metal Industries; Assigned J-1 to Aso Shoji Bills Receivable ABL08-01; Assigned AAA to bonds of Kansai Electric Power Company

Jan. 16, 2008: Assigned J-1 to healthcare fees ABL08-01 (E Hospital); Assigned J-1 to healthcare fees receivable ABL08-01 (A Hospital); Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 08-01; Affirmed AA/Stable and J-1+ on sr.debts and CP of Bridgestone; Affirmed A/Stable on senior debts of Wakkanai Shinkin Bank; Affirms AAp rating on National Australia Bank; Withdrawn J-1 rating on CP of Matsumotokiyoshi; Assigned J-1 rating to CP program of Matsumotokiyoshi Holdings; Affirmed AA-/Stable on senior debts of NGK Spark Plug; Affirmed AA-/Stable and AA- on sr.debts and bonds of Tokai Rubber Industries

Jan. 15, 2008: Assigned J-1+ to JUTEC Bills Receivable ABL08-01; Affirmed A+/Stable and J-1 on sr.debts and CP of THK; Upgraded sr.debts of Nippon Yakin Kogyo to BBB/Stable from BBB-/Positive; Upgraded senior debts of TCM to BBB+/Stable from BBB/Stable; Affirms AA Rating on Pohjolan Voima Oy; Outlook Stable; Affirms AA Rating on Teollisuuden Voima Oyj; Outlook Stable; Assigned AA- to bonds of Orix; Assigned J-2 to CP of Pacific Management; JCR Placed rating on SBI Holdings under CM
JCR Placed rating on E*TRADE SECURITTIES under CM
JCR Placed rating on SBI Mortgage under CM

Jan. 11, 2008: Assigned J-1 to healthcare fees receivable ABL08-01 (B Hospital); Assigned preliminary A+ to shelf of Nissan Financial Services; Assigned AA- to bonds of Odakyu Electric Railway ; Affirmed AA-/Stable; Assigned AAA to bonds of National Life Finance; Assigned AA to bonds of Bank of Tokyo-Mitsubishi UFJ; Affirmed A-/Stable on sr.debts of Chikuho Bank; Assigned preliminary A- to shelf registration of Pocket Card

Jan. 10, 2008: Assigned AAA to bonds of Tokyo Electric Power Company; Assigned AAA to bonds of Chugoku Electric Power Company

Jan. 09, 2008: Assigned J-1 to Nohara Bills Receivable ABL08-01; Affirmed J-2 on CP of Meidensha; Affirmed A-/Stable and BBB+ on sr.debts and sub.bond of Daisan Bank; Affirmed BBB for Pacific Industrial; Revised outlook to Positive

Jan. 08, 2008: Assigned preliminary A- to shelf registration of Don Quijote; Removed rating on Towa Real Estate Development from CM and upgraded to A+; Removed CM and upgraded rating on Katokichi to A+/Stable; Assigned preliminary A- to Samurai bonds of Hyundai Capital

Jan. 07, 2008: Affirmed AA/Stable and AA on sr.debts and bonds of NYK; Assigned #A/Negative to bonds of TIS

Jan. 04, 2008: Withdrawn A/Stable rating on senior debts of Matsumotokiyoshi; Assigned A/Stable to sr.debts of Matsumotokiyoshi Holdings; Assigned preliminary AAA to shelf registration of Tokyo Electric Power Company; Affirmed AAA/Stable on senior debts of Japan Broadcasting Corporation

Dec. 28, 2007: Assigned J-1+ to Teral Kyokuto Bills Receivable ABL07-12; Assigned J-1 to Hayakawa Rubber Bills Receivable ABL07-12(2); Assigned J-1 to Toda Kogyo Bills Receivable ABL07-12; Assigned J-1 to Aso Shoji Bills Receivable ABL07-12; Assigned J-1 to Molten Bills Receivable ABL07-12; Affirmed BBB+/Stable on sr.debts of Tomato Bank; Withdrawn AA-/Stable and J-1+ on Sumitomo Mitsui Auto Service; Affirmed J-1 on CP of Nissay Leasing; Affirmed BBB/Stable on senior debts of Kanto Tsukuba Bank; Assigned J-1 to CP of MMC Diamond Finance; Assigned BBB+/Stable to senior debts of Covalent Materials Corp.

Dec. 27, 2007: Assigned J-1 to Bills Receivable ABL07-12 (Kimura); Assigned J-1 to Nippon Tungsten Bills Receivable ABL07-12; Assigned J-1 to SEIBUKIZAI Bills Receivable ABL07-12; Assigned J-1 to Ochisangyo Bills Receivable ABL07-12-(1)(2)(3); Assigned J-1 to MoonStar Bills Receivable ABL07-12; Affirmed BBB+/Stable and J-2 on sr.debts and CP of Sapporo Holdings; Affirmed AA-/Stable and J-1+ on sr.debts and CP of Asahi Breweries; Affirmed J-1+ on CP of Toyota Motor; JCR Affirmed AA- on EMTN of ORIX
JCR Affirmed AA- on EMTN of ORIX AUSTRALIA (SECURITIES)
JCR Affirmed AA- on EMTN of ORIX USA; Affirmed AA-/Stable and J-1+ on sr.debts and CP of Orix; Upgraded senior debts of Quoq to A-/Stable from BBB+/Stable; Assigned preliminary A+ to shelf registration of Hiroshima Bank; Upgraded rating on Mitsui Sugar to BBB+/Stable

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