Moody’s says Fairfax’s senior unsecured notes rating remains unchanged at Baa2 following announcement of incremental issuance
Toronto , January 10, 2024 – Moody's Investors Service (Moody's) said the Baa2 senior unsecured notes rating of Fairfax Financial Holdings Limited (Fairfax) remains unchanged following the company's announcement that it plans to issue an incremental $200 million of 10-year senior unsecured notes. Th...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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