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
Famous quotes containing the word credit:
“Gratitude among friends is like credit among tradesmen: it keeps business up, and maintains commerce. And we pay not because it is just to discharge our debts, but that we might the more easily find lenders on another occasion.”
—François, Duc De La Rochefoucauld (1613–1680)