Centuria Capital Group
CNI: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| c | LOCK|>w | LOCK|kMTX$m |
Centuria Capital Group: Discord on the Bass Line; Cutting Fair Value Estimate by 8% to AUD 2.10
Rating house SQM Research recently downgraded Centuria Bass Credit Fund, or CBCF, to non-investment grade. The rating agency cited concerns about the fund's overextended credit to a teetering residential developer, Bathla Group, and potential governance issues.
