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A.M. Best on May 13 upgraded the financial strength ratings to A from A- and issuer credit ratings to "a" from "a-" of the operating units of Alterra Capital Holdings Ltd. following its merger with Harbor Point Ltd.
The rating agency also upgraded Alterra Capital's issuer credit rating to "bbb" from "bbb-" and upgraded all of its debt ratings.
A.M. Best removed all of these ratings from under review with positive implications and assigned a stable outlook.
The units of Alterra Capital include...