Centuria Capital Group

CNI: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Centuria Capital Group: Discord on the Bass Line; Cutting Fair Value Estimate by 8% to AUD 2.10

Yingqi Tan

Jul 27, 2026

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.

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