OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to the recently issued CAD 300 million, 5.1% senior unsecured notes, due August 2055, and CAD 400 million, 4.45% senior unsecured notes, due August 2035, of Fairfax Financial Holdings Limited (Fairfax) (Toronto, Canada) [TSX: FFH]. The outlook assigned to these Credit Ratings (rating) is stable. The Long-Term Issuer Credit Rating of Fairfax, as well as the ratings of its operating subsidiari
Related Questions
Are there any sector or macro‑economic factors that could amplify or mitigate the effect of this rating on Fairfax’s overall portfolio performance?
How will the “a‑” rating on Fairfax’s senior unsecured notes affect the market perception of Fairfax Financial Holdings Limited’s creditworthiness?
How do the yields (5.1% due 2055 and 4.45% due 2035) compare to comparable issuances from peer insurers and the broader market?
Will the rating influence demand for Fairfax’s notes in the secondary market and affect liquidity for these securities?
What are the potential implications for Fairfax’s future financing strategy and cost of capital?
What impact might the stable outlook and the new issue ratings have on Fairfax’s stock price and trading volume?
How might the rating affect the valuation of Fairfax’s existing debt and any potential refinancing plans?
Could the rating change trigger any covenants or trigger events in Fairfax’s existing debt agreements?
What is the expected impact on the yield curve positioning for Fairfax’s long‑dated 2055 notes versus the 2035 notes?
How does this rating compare to the credit ratings of Fairfax’s main competitors and could it shift relative credit spreads in the insurance sector?