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23.04.2015 03:04:00
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Fairfax Financial Holdings Limited -- Moody's rates Fairfax's senior note Baa3, preferred shares Ba2(hyb); assigns shelf ratings
Toronto, April 22, 2015 -- Moody's Investors Services has assigned a Baa3 rating to CAD350 million of senior unsecured notes and a Ba2(hyb) rating to CAD200 million of Series M preferred shares being issued by Fairfax Financial Holdings Limited (Fairfax; TSE: FFH). Proceeds from the senior notes offering and Series M preferred shares offering are expected to be used to partially fund the previously announced proposed acquisition of Brit plc. The rating outlook for Fairfax is stable.
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