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21.02.2015 00:18:00
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Fairfax Financial Holdings Limited -- Moody's affirms Fairfax Financial's debt ratings following announced acquisition of Brit PLC; outlook stable
Toronto, February 20, 2015 -- Moody's Investors Service has affirmed the Baa3 senior debt rating and Ba2 (hyb) preferred stock rating of Fairfax Financial Holdings Limited (Fairfax; TSX: FFH) following the company's announcement that it has entered into an agreement to acquire a majority interest in Brit PLC (Brit, unrated), a London-based specialty property and casualty (P&C) insurer and reinsurer. The outlook for the ratings is stable.
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