Fairfax Financial Holdings Limited: Rating Report

On December 1, 2023, DBRS Limited (DBRS Morningstar) upgraded Fairfax Financial Holdings Limited’s (Fairfax or the Company) Issuer Rating to A (low) from BBB (high). DBRS Morningstar also upgraded the Issuer Rating and the Financial Strength Ratings of Fairfax’s subsidiaries Northbridge General Insurance Corporation and Federated Insurance Company of Canada to A (high). The trends on all ratings were changed to Stable from Positive.