AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb+” (Good) to the recently issued $600 million, 6.1% senior unsecured notes, due March 2055, of Fairfax Financial Holdings Limited (Fairfax) (Toronto, Canada). The outlook assigned to this Credit Rating (rating) is positive.

The Long-Term Issuer Credit Rating of Fairfax, as well as the ratings of its operating subsidiaries and all other debt issuances are unchanged. The company intends to use the net proceeds of this offering to redeem all of the outstanding $500 million aggregate principal amount of Allied World Assurance Company Holdings I, Ltd.’s outstanding 4.35% senior unsecured notes due 2025 and the remainder for general corporate purposes.

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