Fairfax Financial Holdings Ltd. And Subsidiaries Ratings Affirmed On Criteria Review; Outlook Revised To Stable From Pos Jul 13
- Language: English
- Published: July 2013
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Product Type: Research Update
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On March 16, 2006, Standard & Poor's Ratings Services placed its 'A-' insurer financial strength rating on Falcon Insurance Co. (Hong Kong) Ltd. (Falcon HK) on CreditWatch with negative implications. The CreditWatch placement follows similar rating actions on Odyssey America Reinsurance Corp. (Odyssey America Re), Clearwater Insurance Co., Hudson Specialty Insurance Co., and Odyssey Re Holdings Corp. (ORH). The rating on Falcon HK reflects explicit support provided in the form of a guarantee by Odyssey America Re, a subsidiary of Falcon HK's ultimate parent, Fairfax Financial Holdings Ltd. The ratings on the wider group were placed on CreditWatch negative in response to an announcement that ORH intends to file notice with the SEC that it will delay the filing of...
Companies mentioned in this report are: Falcon Insurance Co. (Hong Kong) Ltd.,Clearwater Insurance Co.,Odyssey Reinsurance Company,Odyssey Re Holdings Corp.,Hudson Specialty Insurance Co.,Fairfax Financial Holdings Ltd.
Action: On CreditWatch:Negative
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Falcon Insurance Co. (Hong Kong) Ltd.,Clearwater Insurance Co.,Odyssey Reinsurance Company,Odyssey Re Holdings Corp.,Hudson Specialty Insurance Co.,Fairfax Financial Holdings Ltd.