Mr. Darian Ryan of A.M. Best reports
A.M. BEST AFFIRMS RATING OF FAIRFAX (US) INC.
A.M. Best has affirmed the issuer credit rating of bbb of Fairfax
(US) Inc. (incorporated in Delaware), a subsidiary of Fairfax
Financial Holdings Ltd. 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 its website.
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