Investa Office Fund's credit quality could be adversely impacted if Blackstone Group LP's planned A$3.14 billion takeover of the Australian real estate investment pushes through, S&P Global Ratings said in a note.

As such, the rating agency placed the office-focused REIT's BBB+ issuer credit and issue ratings on CreditWatch with negative implications.

S&P Global Ratings added that the fund's likelihood of following a more aggressive financial policy will be raised if Blackstone becomes its financial sponsor.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.