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Rating Agency Reports

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Moody's Investor Services

PDF Document  Moody's downgrades RAM Re's rating to A3 and reviews for further possible downgrade - Published 2008, August 7th

Standard & Poor's

PDF Document  S&P Report: RAM Re Lowered to ‘AA’ Outlook Negative - Published June 4th, 2008

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By following any of the links, you will be leaving RAM Holdings' website. RAM Holdings did not prepare the information on the following websites, nor does it monitor or endorse the content of the linked site. RAM Holdings is not responsible for the information found on any linked site, including any information that may be about RAM Holdings. The links are provided only as citations and aids to help you locate and identify other Internet resources that may be of interest. These links are not intended to state or imply that RAM Holdings has sponsored, approved, or adopted any materials on the linked sites or that it is legally authorized to use any trade name, trademark, logo, seal or copyrighted information reflected in the linked sites.

Information on the most current rating is available at www.standardandpoors.com or from Standard & Poor's at (212) 438-2400. Ratings are not a guarantee of an insurer's financial strength nor a recommendation as to the insurer.

Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., provides independent financial information, analytical services, and credit ratings to the world’s financial markets. For more information on Standard & Poor’s, visit http://www.standardandpoors.com