Jul 23, 2026 – 5.00amA private credit fund run by major real estate investor Centuria Capital has been labelled uninvestable amid concerns that it breached its own rules when lending to troubled Sydney apartment developer Bathla.The Centuria Bass Credit Fund, which oversees some $300 million in investments, has been downgraded by SQM Research after the influential ratings agency, which is used by financial advisers in recommending products to clients, became alarmed at changes to its guidelines.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Bathla woes turn into a nightmare for Centuria Bass private credit fund
An influential ratings agency says it has concerns about the way that the private credit vehicle has changed its rules to accommodate the embattled developer.
97 words~1 min read
