11.11.2013 05:06:00

Dexus Property Group -- Moody's says DEXUS' rating review is unaffected by revised bid for CPA

Sydney, November 11, 2013 -- Moody's Investors Service has said that DEXUS Property Group's ("DEXUS") revised proposal to acquire all the issued units in Commonwealth Property Office Fund in conjunction with Canada Pension Plan Investment Board, will have a modest incremental impact on its financial profile, compared to the original bid. As such, its Baa1 senior unsecured rating remains on review for possible upgrade, initiated on 11 October 2013 when the original bid was announced.

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