- Language: English
- 774 Pages
- Published: October 2012
- Region: World
Research Update: Fairfax Financial Holdings Ltd. Outlook Revised To Positive; Ratings Affirmed
- Published: August 2005
- 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. 9, 2005, Standard & Poor's Ratings Services affirmed its 'BBB' counterparty credit and financial strength ratings on Fairfax Financial Holdings Ltd.'s (FFH) ongoing operating insurance companies (collectively, Fairfax). Standard & Poor's also affirmed its 'BB' counterparty credit ratings on FFH and Crum & Forster Holdings Corp. The outlook on these ratings has been revised to positive from stable. The positive outlook is due to FFH and its operating companies having shown substantial improvement in almost all of the major rating factors, and this is expected to continue. The ratings are based on improving competitive position, strong consolidated capitalization (even after adjustments for finite reinsurance), and improved financial flexibility. Offsetting these positives are reserves, which though not an immediate...
Action: Outlook: Positive
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