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Prospect News home > News index > List of issuers F > Headlines for Fairfax Financial Holdings Ltd. > News item
Published on 8/6/2014 in the Prospect News Canadian Bonds Daily, Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

DBRS assigns BBB to Fairfax notes

DBRS said it assigned a provisional rating of BBB with a stable trend to the senior unsecured notes (guaranteed) due 2024 of Fairfax (US) Inc., an indirect subsidiary of Fairfax Financial Holdings Ltd. (BBB, stable).

The rating is equal to the senior unsecured debt of Fairfax Financial due to the guarantee that Fairfax Financial is providing to the issue DBRS has not assigned an issuer rating to the legal entity Fairfax (US).

The notes have a 10-year maturity and are pending final pricing. Proceeds will be used primarily to refinance existing debt and for general corporate purposes.


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