AM Best Assigns Issue Credit Rating to Fairfax Financial Holdings Limitedâs Senior Unsecured Notes
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Long-Term Issue Credit Rating of âa-â (Excellent) to the recently issued CAD 300 million, 5.1% senior unsecured notes, due August...
How does this rating compare to the credit ratings of Fairfaxâs main competitors and could it shift relative credit spreads in the insurance sector?
What is the expected impact on the yield curve positioning for Fairfaxâs longâdated 2055 notes versus the 2035 notes?
Could the rating change trigger any covenants or trigger events in Fairfaxâs existing debt agreements?
12 days ago