Kyowa Hakko Kirin Co., Ltd. Credit Rating

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Date	Document Type	Title	Source
22 Sep 2008	Announcement	Moody's views global pharmaceutical sector outlook as negative	Moody's Investors Service
01 Apr 2008	Rating Action	Moody's upgrades Kyowa Hakko's rating to Aa3; Outlook stable	Moody's Investors Service
01 Apr 2008	Credit Opinion	Kyowa Hakko Kogyo Co., Ltd	Moody's Investors Service
10 Dec 2007	Rating Action	Moody's upgrades Kyowa Hakko's rating to A2 and continues review for possible upgrade	Moody's Investors Service
09 Nov 2007	Announcement	Moody's continues to review Kirin for possible downgrade	Moody's Investors Service
22 Oct 2007	Rating Action	Moody's reviews Kyowa Hakko's A3 rating for possible upgrade	Moody's Investors Service
22 Oct 2007	Rating Action	Moody's reviews Kirin Holdings for possible downgrade	Moody's Investors Service
08 Jun 2006	Rating Action	MOODY'S CHANGES OUTLOOK OF KYOWA HAKKO'S A3 RATING TO POSITIVE FROM STABLE	Moody's Investors Service
09 May 2006	Announcement	MOODY'S REPORTS: JAPANESE PHARMACEUTICAL OUTLOOK STABLE AS FOCUS SHIFTS OVERSEAS	Moody's Investors Service
31 Mar 2004	Rating Action	MOODY'S UPGRADES KYOWA HAKKO'S SERIES 15, 16 AND 17 BONDS TO A3 FROM Baa2, OUTLOOK IS STABLE	Moody's Investors Service
03 Feb 2004	Rating Action	MOODY'S SAYS RATING OUTLOOK FOR JAPAN'S PHARMACEUTICAL SECTOR STABLE	Moody's Investors Service
24 Oct 2003	Financial Statement Ratios	Kyowa Hakko Kogyo Co., Ltd	Moody's Investors Service
21 Mar 2001	Rating Action	MOODY'S UPGRADES SERIES 14 BOND OF KYOWA HAKKO TO A3 FROM Baa2	Moody's Investors Service
24 Mar 1998	Rating Action	MOODY'S ASSIGNS Baa2 RATING TO KYOWA HAKKO KOGYO'S LONG-TERM DEBT	Moody's Investors Service

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