Oldwick, New Jersey, March 26, 2024–(Business Wire)–AM best has assigned a 'bbb+' (favorable) long-term issuance credit rating to the recently issued $1.0 billion 6.35% senior unsecured notes due March 2054 by Fairfax Financial Holdings Limited (Fairfax) (Toronto, Canada). (long-term IR). ) [TSX: FFH]. The outlook assigned to this credit rating (rating) is Stable.
Fairfax intends to use the net proceeds from the initial public offering for general corporate purposes. Fairfax's long-term issuer credit ratings, the ratings of its operating subsidiaries and all other debt issuances remain unchanged.
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