Moody's Investors Service yesterday placed GPT Group on review for a possible ratings downgrade.

The move comes four months after it reaffirmed GPT's rating at Baa2, soon after a $1.6bn capital raising.

Moody's senior analyst Clement Chong told The Australian yesterday that since then 'certain things' had gone against the company.

Exchange movements were not considered at the time of the last rating and GPT had a bigger writedown than expected.

The Australian