Japan Hotel Reit Investment CorporationTSE: 8985

Notice Concerning the Change of Credit Rating

· Issued by Japan Hotel REIT Investment Corporation


This English translation is provided for information purposes only. If any discrepancy is identified between this translation and the Japanese original, the Japanese original shall prevail.

May 13, 2026

REIT Issuer:

Japan Hotel REIT Investment Corporation (TSE code: 8985) Kaname Masuda, Executive Director

Asset Management Company:

Japan Hotel REIT Advisors Co., Ltd. Hiroyuki Aoki, President & CEO Contact:

Noboru Itabashi

Director of the Board, Managing Director Head of Corporate Division

TEL: +81-3-6422-0530

‌Notice Concerning the Change of Credit Rating

Japan Hotel REIT Investment Corporation (hereinafter called "JHR") informs you that Japan Credit Rating Agency, Ltd. (hereinafter called "JCR"), from which JHR receives its credit rating, has today publicly announced that it has changed the JHR's rating as follows.

1. Details of the Change

Before

After

Issuer Rating

A+

AA-

Rating Outlook

Positive

Stable

Name

Before

After

Seventh unsecured investment corporation bonds of JHR

A+

AA-

Eighth unsecured investment corporation bonds of JHR

A+

AA-

Tenth unsecured investment corporation bonds of JHR

A+

AA-

Eleventh unsecured investment corporation bonds of JHR

A+

AA-

Fourteenth unsecured

investment corporation bonds of JHR (Green Bond)

A+

AA-

Fifteenth unsecured investment corporation bonds of JHR

A+

AA-

  • ‌For details, please refer to the News Release and the JCR website.

    ‌Website of JCR: https://www.jcr.co.jp/en/

  • ‌Website of Japan Hotel REIT Investment Corporation: https://www.jhrth.co.jp/en/

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