Moody’s Ratings rates Fairfax’s senior unsecured notes Baa2
New York , November 19, 2024 – Moody's Ratings (Moody's) has assigned a Baa2 rating to senior unsecured notes due in 2034 and 2054 to be issued by Fairfax Financial Holdings Limited (Fairfax). Fairfax plans to use the net proceeds from the offering to redeem some of its preferred shares and the rema...Fairfax Financial Holdings is a financial services holding company. Through its subsidiaries, Co. is engaged in property and casualty insurance and reinsurance and investment management. Co.'s insurance and reinsurance companies operate on a decentralized basis, with autonomous management teams applying a focused underwriting strategy to their markets. Co.'s investments are centrally managed for all the Co.'s group of companies by Hamblin Watsa Investment Counsel Ltd. Co. operates four main operating segments: Insurance, Reinsurance, Reinsurance and Insurance - Other, and Runoff.
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