Article: RAM Holdings Ltd. Comments on Moody's Ratings Action.

HAMILTON, Bermuda -- RAM Holdings Ltd. (Nasdaq:RAMR) responded today to Moody's Investors Service (Moody's) ratings action. Moody's downgraded to A3, from Aa3, the insurance financial strength rating of RAM Reinsurance Company Ltd. (RAM Re). In the same rating action, Moody's also downgraded the rating of the preference shares of RAM Holdings Ltd. to Ba1 and the rating of Blue Water Trust, a related contingent capital facility, to Baa3. Moody's stated that its rating action reflects Moody's views on RAM Re's overall credit profile in the current environment, including increased expected and stress loss projections among its mortgage-related risk exposures relative to previous ...

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