A.M. Best Affirms Rating of Fairfax (US) Inc.

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has affirmed the issuer credit rating of “bbb” of Fairfax (US) Inc. (incorporated in Delaware), a subsidiary of Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) (Toronto, Canada.) The outlook for the rating is stable.

Fairfax (US) Inc.’s rating reflects its position as an intermediate holding company in the Fairfax organization and the implicit and explicit benefits of being part of the Fairfax enterprise. Fairfax (US) Inc. is a holding company through which Fairfax owns the majority of its U.S.-based operating subsidiaries. In 2014, Fairfax (US) Inc. issued senior notes, which are fully guaranteed by Fairfax. Fairfax (US) Inc.’s and Fairfax’s financial leverage and coverage measures remain within A.M. Best’s guidelines for the assigned rating. A.M. Best’s ratings on Fairfax and its other subsidiaries remain unchanged.

This press release relates to rating(s) that have been published on A.M. Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please visit A.M. Best’s Ratings & Criteria Center.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

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A.M. Best
Darian Ryan, CPA, 908-439-2200, ext. 5449
Senior Financial Analyst
[email protected]
or
Michael Lagomarsino, CFA, FRM, 908-439-2200, ext. 5810
Vice President
[email protected]
or
Christopher Sharkey, 908-439-2200, ext. 5159
Manager, Public Relations
[email protected]
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
[email protected]

Source: A.M. Best Company, Inc.

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