- Language: English
- 774 Pages
- Published: October 2012
- Region: Global
Research Update: Fairfax Financial Holdings Ltd.
- Published: August 2003
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
On Aug. 26, 2003, Standard & Poor's Ratings Services revised its outlook on Fairfax Financial Holdings Ltd. (NYSE:FFH) and related entities (see list) to stable from negative. At the same time, Standard & Poor's affirmed its ratings on these companies. These actions are based on Standard & Poor's ongoing surveillance of the organization's liquidity management, underwriting results, and reserve adequacy. The decision to revise the outlook to stable was primarily driven by Fairfax's management's ability to adequately address Standard & Poor's previous concerns about liquidity. In the second quarter of 2003, Fairfax raised about C$643 million of proceeds from the IPO of its majority-owned subsidiary, Northbridge Financial Corp., and the issuance of debt from its wholly owned subsidiary, Crum &...
Action: Outlook Revised
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