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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 www.ambest.com/ratings/methodology.

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

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



Copyright Business Wire 2010
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