Credit Ratings
Fitch Ratings (as follows as at December 31, 2009:)
- Fairfax Financial Holdings Ltd. has an issuer default rating of: bbb (A.M.Best), BBB- (S&P), Ba1 (Moody's), BBB (DBRS).
- Crum & Forster Holdings Corp., Fairfax's subsidiary has an issuer default rating of: bbb (A.M.Best), BBB- (S&P), Ba1 (Moody's).
- Odyssey Re Holdings Corp., Fairfax's subsidiary has an issuer default rating of: bbb (A.M.Best), BBB- (S&P), Baa3 (Moody's).
During the year 2009, S&P’s upgraded the financial strength ratings of the Crum & Forster operating companies to an A– rating and upgraded the issuer credit rating to investment grade, a BBB– rating. Also, Moody’s upgraded Fairfax and Crum & Forster to a Ba1 rating.
Read more about this topic: Fairfax Financial
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