Sydney, November 19, 2013 -- "Commonwealth Property Office Fund (CPA; A3/stable) rating is not immediately affected by today's announcement by GPT Group (GPT;(A3/stable) that it has made an off market counter-offer for all the issued units in CPA", says Maurice O'Connell, a Moody's Vice President and Senior Analyst. "Moody's will closely monitor developments of the bid as well as the final capital structure at the CPA level in order to determine the impact, if any, on CPA's credit profile, should the GPT proposal proceed to completion," adds O'Connell.
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