Fairfax Financial Holdings Limited: Rating Report

On December 21, 2018, DBRS Limited (DBRS) confirmed Fairfax Financial Holdings Limited’s (Fairfax or the Company) Issuer Rating at BBB (high), its Senior Unsecured Debt at BBB (high) and its Preferred Shares rating at Pfd-3 (high). DBRS also confirmed the rating of Fairfax (US) Inc.’s Senior Unsecured Notes, which are guaranteed by Fairfax, at BBB (high). In addition, DBRS confirmed the Issuer Rating and the Financial Strength Rating (FSR) of Northbridge General Insurance Corporation (Northbridge) as well as the FSR of Federated Insurance Company of Canada (Federated), the Canadian operating subsidiaries of Fairfax, at “A.” All trends are Stable.