Moody's upgrades Atradius Reinsurance Ltd to A2 with stable outlook

Amsterdam/Dublin 16 February 2007 , Friday, 16 February, 2007.  Earlier this week Moody’s concluded their assessment of Atradius Reinsurance Ltd with an upgrade from Baa1 to A2, bringing the Atradius Reinsurance rating in line with the other rated entities of the Atradius Group.

The upgrade was motivated by the material importance and strategic fit of the company within the Atradius Group as well as its improved stand-alone credit fundamentals in recent years.

Atradius’ Acting CEO, Peter Ingenlath, commented; “Moody’s upgrade is a direct reflection of the increased strategic importance and confidence we have placed in our Reinsurance operations since our restructuring two years ago. It highlights the strength of our operating plan as well as our success in managing this business. Our experience and proficiency in managing and insuring risks is now being recognised throughout the Atradius Group.”

Moody’s complete press release can be found on the Atradius Website.

About Atradius:
Atradius is a leading credit insurer with total revenues of around EUR 1.3 billion and a 24% share of the world credit insurance market. It insures approximately EUR 350 billion of world trade annually against non-payment and provides a comprehensive range of risk transfer, financing and trade receivables management services. With 3,400 staff and more than 90 offices in 40 countries, Atradius has access to credit information on 45 million companies world-wide and makes more than 12,000 credit limit decisions daily. It is “A” rated by Standard & Poor’s (outlook stable) and A2 by Moody’s (outlook stable).

For further information:
Atradius Corporate Finance
Mr Alberto Mastrolilli
Phone: +31 20 553 2275
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Ms Janet Zidorava
Phone: +31 20 553 2683
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Atradius Corporate Communications
Mr John Blackwell
Phone: +31 20 553 2003
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