The Alea Group Holdings Ltd. board of directors said today it is currently exploring strategic alternatives in the wake of and action by Standard & Poor's lowering its rating to "triple-B-plus" from "A-minus."
In a statement issued this morning, the Bermuda-based group said alternatives being considered include sale of the group, and there can be no assurance that any transaction will be concluded.
"Simultaneously, the group is developing a strategic approach to the repositioning of its business to reflect the lowered rating environment," the statement said.
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