Ratings News ( 2005 )

Shinsei Bank, Ltd.: R&I Affirms A- Outlook Positive [Dec. 28,2005]

Nissin Food Products Co., Ltd.: R&I Cancels Rating [Dec. 28,2005]

APLUS Co., Ltd. : R&I Upgrades to A- Outlook Positive [Dec. 28,2005]

R&I Rating Adjustments for 2005 - 63 ups/ 22 downs [Dec. 28,2005]

R&I Ratings Affirmed - December 28, 2005 [Dec. 28,2005]

Trust & Custody Services Bank: R&I Affirms A/ a-1 [Dec. 28,2005]

Ishikawajima-Harima Heavy Ind.: R&I Affirms BBB Outlook Negative [Dec. 28,2005]

JA Bank Osaka : R&I Affirms A Outlook Stable [Dec. 28,2005]

Mitsubishi Paper Mills: R&I Downgrades to BB+ Outlook Stable [Dec. 27,2005]

Ukraine: R&I Affirms BB- Outlook Stable [Dec. 27,2005]

Hiroshima Bank, Ltd. Shelf Reg.: R&I Assigns A- Prelim [Dec. 27,2005]

Nippon Oil Corp: R&I Changes Rating Outlook to Positive [Dec. 27,2005]

R&I View: Shareholder Change Not affect Credia's Rating [Dec. 26,2005]

Ito-Yokado: R&I places on Rating Monitor view/ downgrading [Dec. 26,2005]

Fuji Heavy Ind.: R&I Downgrades to BBB+ Outlook Stable [Dec. 26,2005]

GS Yuasa Corp.: R&I Downgrades to a-3 [Dec. 26,2005]

City of Seville: R&I Cancels Rating [Dec. 22,2005]

Kokugakuin University Issuer Rating: R&I Assigns AA- Outlook Stable [Dec. 22,2005]

Rakuten KC Co., Ltd.: R&I Assigns BBB- Outlook Stable [Dec. 22,2005]

R&I View on Sanyo's Senior Stocks - R&I will Watch the Progress in the Structural Reform - [Dec. 21,2005]

Kajima Europe B.V. 8 Euro-yen Notes: R&I Assigns A- [Dec. 21,2005]

Tobu Railway Co., Ltd.: R&I Affirms BBB- Outlook Positive [Dec. 21,2005]

Mirai Co., Ltd.: R&I Cancels Rating [Dec. 21,2005]

R&I Ratings Affirmed - December 21, 2005 [Dec. 21,2005]

MTRC FC/ HKD Issuer Ratings: R&I Affirms AA-/ AA Outlook Stable [Dec. 20,2005]

Shinko Securities Self Reg.: R&I Assigns BBB Prelim [Dec. 20,2005]

CORRECTION: R&I Ratings and Their Relationship to Default [Dec. 19,2005]

Sumisho Lease: R&I Affirms A Outlook Stable [Dec. 19,2005]

Sumisho Auto Leasing Corp.: R&I Affirms A- Outlook Stable [Dec. 19,2005]

Diamond Lease Co., Ltd.: R&I Affirms A Outlook Stable [Dec. 19,2005]

R&I Places Kao Corp. on Rating Monitor view/ downgrading [Dec. 16,2005]

Kajima Corp & 2 Subsidiaries Joint-MTN: R&I Affirms A- [Dec. 16,2005]

Mitsubishi Syndicated Loan No. 3: R&I Assigns AA- Formal [Dec. 16,2005]

Senshu Bank, Ltd.: R&I Affirms BBB+ Outlook Stable [Dec. 15,2005]

Fujitsu Leasing Co., Ltd.: R&I Affirms a-2 [Dec. 14,2005]

Hitachi Capital Corp.: R&I Affirms AA-, a-1+ Outlook Stable [Dec. 14,2005]

R&I Ratings Affirmed - December 14, 2005 [Dec. 14,2005]

Noritsu Koki Co., Ltd.: R&I Cancels Rating [Dec. 14,2005]

Cosmo Oil Co., Ltd.: R&I Affirms BB+ Outlook Positive [Dec. 14,2005]

Republic of Croatia: R&I Affirms BBB Outlook Positive [Dec. 14,2005]

Kansai Urban Banking Corp: R&I Affirms BBB+ Outlook Stable [Dec. 14,2005]

Katokichi Co., Ltd.: R&I Affirms BBB+ Outlook Positive [Dec. 14,2005]

R&I View: Impact of the Errant Order by Mizuho Sec. [Dec. 13,2005]

Mitsubishi UFJ Financial Group SB Nos. 9 & 10: R&I Assigns A [Dec. 12,2005]

Shinko Electric Industries CP: R&I Cancels Ratings [Dec. 12,2005]

Shin Caterpillar Mitsubishi SB No. 10: R&I Assigns A- [Dec. 12,2005]

Kingdom of Morocco: R&I Cancels Rating [Dec. 12,2005]

Shimizu's subsidiaries Joint-MTN: R&I Cancels Rating [Dec. 12,2005]

Kowa Real Estate. Co., Ltd. Issuer Rating: R&I Assigns BBB Outlook Stable [Dec. 12,2005]

Sanyo Electric Co.: R&I Remains on the Rating Monitor [Dec. 12,2005]

Sanyo Electric Credit: R&I Remains on Rating Monitor [Dec. 12,2005]

R&I View: Errant Order of Mizuho Securities - R&I Watch Future Trends [Dec. 09,2005]

Toho Co., Ltd. CP: R&I Assigns a-1+ [Dec. 09,2005]

Credit Saison SB No. 26: R&I Assigns A+ [Dec. 09,2005]

Towa Corp.: R&I Cancels Rating [Dec. 09,2005]

JASME SB No. 22: R&I Assigns AA+ [Dec. 09,2005]

Tokyo Metropolitan Housing Supply Corp. FILP Bond No. 3: R&I Assigns AA- [Dec. 09,2005]

Pioneer Corp.: R&I Downgrades to (A-) [Dec. 08,2005]

Toyobo Co., Ltd.: R&I Affirms BBB Outlook Positive [Dec. 08,2005]

JFM FILP Bonds 20-year Bonds No. 15: R&I Assigns AAA [Dec. 08,2005]

Jaccs Co., Ltd. Shelf Reg.: R&I Assigns BBB+ Prelim [Dec. 08,2005]

Tokyo Electric Power SB No. 519: R&I Assigns AA+ [Dec. 08,2005]

CITIC Hong Kong: R&I Affirms BBB+ Outlook Stable [Dec. 07,2005]

R&I Ratings Affirmed - December 07, 2005 [Dec. 07,2005]

Mizuho Trust & Banking Sub-debt Nos. 1 & 2: R&I Assigns A- [Dec. 07,2005]

Ibiden Co., Ltd.: R&I Upgrades to A Outlook Stable [Dec. 07,2005]

Resona Holdings SB Nos. 4 & 5: R&I Assigns BBB [Dec. 07,2005]

JEHDRA FILP Bonds Nos. 1, 2 & 3: R&I Assigns AAA [Dec. 06,2005]

Shin Caterpillar Mitsubishi SB No. 9: R&I Assigns A- [Dec. 06,2005]

Chiba Bank, Ltd.: R&I Affirms A+ Outlook Stable [Dec. 06,2005]

Nihon University: R&I Affirms AA Stable [Dec. 05,2005]

Hokuriku Electric Power SB No. 279: R&I Assigns AA+ [Dec. 02,2005]

Victor Japan: R&I Downgrades to BBB- Outlook Stable [Dec. 02,2005]

Chubu Electric Power SB No. 473: R&I Assigns AA+ [Dec. 02,2005]

Mitsui Fudosan Shelf Reg. SB No. 24: R&I Assigns A- [Dec. 02,2005]

Renault Samurai Bonds Nos. 4 & 5: R&I Assigns A [Dec. 02,2005]

World Co., Ltd.: R&I Cancels Rating [Dec. 01,2005]

Sumitomo Corp. Shelf Reg: R&I Assigns A+ Prelim [Dec. 01,2005]

Itochu Corp.: R&I Affirms a-2 [Dec. 01,2005]

Sunshine City Corp. Issuer Rating: R&I Assigns BBB+ Outlook Stable [Dec. 01,2005]

R&I View: Rating of Government Financial Institutions [Nov. 30,2005]

Merrill Lynch Samurai Bonds No. 4 & 13: R&I Assigns AA [Nov. 30,2005]

National Hospital Organization Issuer Rating: R&I Assigns AAA Outlook Negative [Nov. 30,2005]

China CITIC Group: R&I Affirms BBB+ Outlook Stable [Nov. 30,2005]

Kawasaki Kisen Kaisha, Ltd.: R&I Affirms a-1 [Nov. 30,2005]

Showa Aircraft Industry Co.: R&I Affirms BBB- Outlook Negative [Nov. 30,2005]

Kajima Corp. SB Nos. 29 & 30: R&I Assigns A- [Nov. 30,2005]

Mikuni Coca-Cola Bottling Co., Ltd: R&I Cancels Rating [Nov. 30,2005]

Mizuho Corporate Bank Shelf Reg: R&I Assigns A, A-, BBB+ Prelim [Nov. 30,2005]

R&I Ratings Affirmed - November 30, 2005 [Nov. 30,2005]

Hachijuni Bank, Ltd.: R&I Affirms A+ Outlook Stable [Nov. 30,2005]

Rokinren Bank Issuer Rating: R&I Assigns AA- Outlook Stable [Nov. 29,2005]

East Japan Railway SB No. 43: R&I Assigns AA+ [Nov. 29,2005]

Taiyo Nippon Sanso Corp.: R&I Affirms A-, a-1 Positive [Nov. 29,2005]

Kyodo Printing Co.: R&I Affirms BBB+ Outlook Negative [Nov. 29,2005]

Ube Industries: R&I Affirms BB+, Upgrades Issue Rating [Nov. 29,2005]

Credia Co., Ltd. Issuer Rating, CP: R&I Assigns BBB-, a-2 Stable [Nov. 28,2005]

Mitsubishi UFJ Financial Group, Inc. Shelf Reg: R&I Assigns A Prelim [Nov. 28,2005]

Resona Bank, Ltd. Shelf Reg.: R&I Assigns BBB+ Prelim [Nov. 28,2005]

Kansai Electric Power SB No. 445: R&I Assigns AA+ [Nov. 25,2005]

Alpine Electronics, Inc. : R&I Cancels Rating [Nov. 25,2005]

KEPCO, KHNP, KOWACO: R&I Affirms A Outlook Positive [Nov. 25,2005]

National Univ. Finance and Management Issuer Rating: R&I Assigns AA+ Outlook Stable [Nov. 25,2005]

Okinawa Electric Power SB No. 13: R&I Assigns AA+ [Nov. 25,2005]

Kyushu Electric Power SB No. 386: R&I Assigns AA+ [Nov. 24,2005]

Haseko Corp. Issuer Rating: R&I Assigns BBB Outlook Stable [Nov. 24,2005]

R&I Ratings Affirmed - November 24, 2005 [Nov. 24,2005]

Mitsubishi Chemical Corp. Shelf Reg.: R&I Assigns A- Prelim [Nov. 24,2005]

Mitsubishi Syndicated Loan No. 3: R&I Assigns AA- Prelim [Nov. 24,2005]

Sumitomo Chemical SB Nos. 32 & 33: R&I Assigns A+ [Nov. 22,2005]

Tohoku Electric Power SB Nos. 428 - 430: R&I Assigns AA+ [Nov. 22,2005]

Hokkaido Electric Power SB No. 289: R&I Assigns AA+ [Nov. 22,2005]

Ryobi Ltd. Issuer Rating: R&I Assigns BBB Outlook Stable [Nov. 21,2005]

Sanyo Electric Credit: R&I Downgrades to (BBB), (a-2) [Nov. 18,2005]

Sanyo Electric Co.: R&I Downgrades to (BBB), (a-2) [Nov. 18,2005]

Honda Finance SB No. 7: R&I Assigns AA [Nov. 18,2005]

Nissin Co., Ltd. : R&I Affirms a-2 [Nov. 18,2005]

Singapore Issuer Rating: R&I Affirms AAA Outlook Stable [Nov. 17,2005]

Thailand FC Issuer Rating: R&I Affirms BBB+ Outlook Stable [Nov. 17,2005]

Orix Corp. SB No. 103: R&I Assigns A+ [Nov. 17,2005]

Daiwabo Information System Co., Ltd. Issuer Rating: R&I Assigns BBB Outlook Stable [Nov. 17,2005]

Kyushu Electric Power SB No. 385: R&I Assigns AA+ [Nov. 16,2005]

Seiko Epson Corp. SB Nos. 1 & 2: R&I Assigns A [Nov. 16,2005]

Yamatake Corp. : R&I Affirms A Outlook Stable [Nov. 16,2005]

Fuji Television Network Shelf Reg: R&I Assigns AA- Prelim [Nov. 16,2005]

TOA Corp.: R&I Upgrades to BBB+ Outlook Stable [Nov. 16,2005]

R&I Ratings Affirmed - November 16, 2005 [Nov. 16,2005]

Toppan Printing SB No. 4: R&I Assigns AA [Nov. 16,2005]

Nippon Seiki: R&I Upgrades to BBB+ Outlook Stable [Nov. 16,2005]

R&I View: SBI HLD Reorg. will not Affect Rating for Now [Nov. 15,2005]

Taiwan: R&I Affirms AA, a-1+ Outlook Stable [Nov. 14,2005]

Hokuriku Bank, Ltd.: R&I Affirms BBB- Outlook Stable [Nov. 14,2005]

R&I View: New Entrants to Mobile Phone Sector [Nov. 11,2005]

Mitsubishi Chemical Bond Programme: R&I Cancels Rating [Nov. 11,2005]

Marubeni and subsidiaries MTN: R&I Cancels Rating [Nov. 11,2005]

Gunze Ltd. CP: R&I Affirms a-1 [Nov. 11,2005]

R&I View: Will watch Seibu Railway Reorganization Plan [Nov. 10,2005]

Sumitomo Corp. SB No. 27: R&I Assigns A+ [Nov. 10,2005]

Kansai Paint: R&I Upgrades to A Outlook Stable [Nov. 10,2005]

Promise Co., Ltd. SB No. 35: R&I Assigns A [Nov. 10,2005]

Aiful Corp. SB No. 52: R&I Assigns A- [Nov. 10,2005]

Tokio Marine Financial Solutions MTN: R&I Affirms AA+ [Nov. 10,2005]

R&I View: Credit Saison's Downward Revision [Nov. 09,2005]

JRTT FILP Bonds Nos. 6 & 7: R&I Assigns AA [Nov. 09,2005]

JR Central SB Nos. 19 & 20: R&I Assigns AA [Nov. 09,2005]

All Nippon Airways SB No. 23: R&I Assigns BBB [Nov. 09,2005]

R&I Ratings Affirmed - November 09, 2005 [Nov. 09,2005]

Toyota Industries SB Nos. 14 & 15: R&I Assigns AA+ [Nov. 09,2005]

Japan Radio Co., Ltd.: R&I Places on Rating Monitor [Nov. 08,2005]

R&I View: JAL Announces Downward Revision [Nov. 08,2005]

R&I View: Konami Shifts to Holding Company [Nov. 08,2005]

Shigaku Jigyodan FILP Bond No. 5: R&I Assigns AA [Nov. 08,2005]

Teikoku Oil Co., Ltd.: R&I Places on Rating Monitor [Nov. 07,2005]

R&I View: Integration - Limited Affect on INPEX Rating [Nov. 07,2005]

Tohcello Co., Ltd.: R&I Upgrades to BBB Outlook Stable [Nov. 07,2005]

Acom Unsec SB No. 44: R&I Assigns A [Nov. 07,2005]

Fukuoka-ken Jyutaku Kyokyu Kousya Issuer Rating: R&I Assigns A+ [Nov. 04,2005]

Akebono Brake Industry Co., Ltd.: R&I Upgrades to BBB Outlook Stable [Nov. 04,2005]

Seiko Epson Corp. Issuer Rating: R&I Assigns A Outlook Stable [Nov. 04,2005]

Yuasa Funashoku Co., Ltd.: R&I Upgrades to a-2 [Nov. 02,2005]

Sony: R&I Downgrades to AA-/ Affirms Sony Life Insurance [Nov. 02,2005]

Sanden Corp.: R&I Downgrades to BBB Outlook Stable [Nov. 02,2005]

Honda Finance Shelf Reg.: R&I Assigns AA Prelim [Nov. 02,2005]

R&I View: Nippon Sheet Glass TOB [Nov. 01,2005]

Fuji Heavy Ind. Shelf Reg.: R&I Assigns A- Prelim [Nov. 01,2005]

Yamato Holdings Corp.: R&I Affirms AA- Outlook Stable [Nov. 01,2005]

Sagami Chain Co.: R&I Affirms BBB- Outlook Negative [Nov. 01,2005]

NEC Networks & System Integration Corp: R&I Affirms a-2 [Nov. 01,2005]

Sanyo Shinpan Finance MTN: R&I Cancels Rating [Oct. 31,2005]

Waseda University: R&I Affirms AA+, Outlook Stable [Oct. 31,2005]

SMBC Leasing Co., Ltd. MTN: R&I Assigns A [Oct. 31,2005]

Shikoku Electric Power SB No. 260: R&I Assigns AA+ [Oct. 31,2005]

Daiken Corp.: R&I Upgrades to BBB, Outlook Stable [Oct. 31,2005]

Nippon Yusen K.K. : R&I Affirms a-1+ [Oct. 31,2005]

Toyota Tsusho Corp.: R&I Places on Rating Monitor [Oct. 28,2005]

Wood One Co.: R&I Downgrades to BBB-, Outlook Stable [Oct. 28,2005]

JFM FILP Bonds No. 17: R&I Assigns AAA [Oct. 28,2005]

JSF Trust & Banking: R&I Upgrades to A+/ Affirms JSF AA- [Oct. 28,2005]

NHK: R&I Affirms AAA, Outlook Negative [Oct. 28,2005]

Hitachi Maxell: R&I Downgrades to A, Outlook Stable [Oct. 28,2005]

Hokkaido Electric Power SB No. 288: R&I Assigns AA+ [Oct. 28,2005]

WAM FILP Bonds Nos. 7 & 8: R&I Assigns AA [Oct. 27,2005]

Mitsui & Co. & Subsidiaries Euro MTN: R&I Affirms AA- [Oct. 27,2005]

NEC Electronics Corp.: R&I Places on Rating Monitor [Oct. 26,2005]

R&I Ratings Affirmed - October 26, 2005 [Oct. 26,2005]

Hanwa Co., Ltd. SB No. 19: R&I Assigns BBB [Oct. 26,2005]

Komatsu Ltd.: R&I Affirms A, a-1, Outlook Positive [Oct. 26,2005]

Hitachi Construction Machinery: R&I Upgrades to A-, a-1 [Oct. 26,2005]

Mitsui Mining & Smelting Shelf Reg.: R&I Assigns BBB+ Prelim [Oct. 26,2005]

JASME SB No. 21: R&I Assigns AA+ [Oct. 26,2005]

Iyo Bank, Ltd. Issuer Rating: R&I Assigns AA-, Outlook Stable [Oct. 25,2005]

Shiga Bank, Ltd.: R&I Affirms A, Outlook Stable [Oct. 25,2005]

J-POWER CP: R&I Affirms a-1+ [Oct. 25,2005]

JR Central Shelf Reg.: R&I Assigns AA Prelim [Oct. 25,2005]

Fuji Electric Holdings Shelf Reg: R&I Assigns BBB+ Prelim [Oct. 25,2005]

SMBC Leasing Co., Ltd. Issuer Rating, CP: R&I Assigns A, a-1, Outlook Stable [Oct. 24,2005]

Pioneer Corp.: R&I Places on Rating Monitor [Oct. 21,2005]

WAM: R&I Affirms AA, Outlook Stable [Oct. 21,2005]

AIG Star Life CPA : R&I Downgrades to AA, Outlook Negative [Oct. 21,2005]

ERCA FILP Bonds No. 2: R&I Assigns AA- [Oct. 21,2005]