The Alea Group Holdings Ltd. board of directors said today it iscurrently exploring strategic alternatives in the wake of andaction by Standard & Poor's lowering its rating to"triple-B-plus" from "A-minus."

In a statement issued this morning, the Bermuda-based group saidalternatives being considered include sale of the group, and therecan be no assurance that any transaction will be concluded.

"Simultaneously, the group is developing a strategic approach tothe repositioning of its business to reflect the lowered ratingenvironment," the statement said.

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