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A.M. Best Comments That Ratings Are Unchanged For Alterra Capital Holdings Ltd. And Its Operating Subsidiaries

Alterra USA Holdings Limited (guaranteed by Alterra Capital Holdings Limited)

--“bbb” on $100 million 7.2% senior secured notes, due 2017

Alterra Finance, LLC (guaranteed by Alterra Capital Holdings Limited)

--“bbb” on $350 million 6.25% senior unsecured notes, due 2020

The following indicative ratings under the current shelf registration are unchanged:

Alterra Capital Holdings Limited—

--“bbb” on senior unsecured debt

--“bbb-” on subordinated debt

--“bb+” on preferred stock

Alterra USA Holdings Limited (guaranteed by Alterra Capital Holdings Limited)

--“bbb” on senior secured debt

--“bbb-” on subordinated debt

Alterra Capital Trust I (guaranteed by Alterra Capital Holdings Limited)

--“bb+” on preferred securities

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit

Copyright © 2012 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Copyright Business Wire 2010
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