AM Gives Outstanding Issue Credit Rating to Fairfax Financial Holdings Limited Senior Unsecured Notes; Comments on Reopening of Senior Unsecured Notes

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OLDWICK, NJ — AM Best assigned a Long-Term Credit Rating (IR Long-Term) of “a-” (Excellent) on newly issued CAD 400 million, 4.4% senior unsecured notes, due February 2036, at Fairfax Financial Holdings Limited (Fairfax) (Toronto, Canada) [TSX: FFH]. The outlook given for this Credit Rating (rating) is Stable. At the same time, AM Best noted that the Long-Term IR of “a-” (Excellent) on the CAD 300 million 5.1% senior unsecured notes, due August 2055, originally issued in August 2025 by Fairfax, remained unchanged despite the addition of additional notes as part of the same series. Fairfax announced that it has issued an additional CAD 250 million of senior unsecured notes, bringing the total to CAD 550 million. The outlook for this measure is stable.

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Fairfax’s Long-Term Issuer Credit Rating, as well as the ratings of its operating subsidiaries and all other debt issuances, is unchanged. Fairfax intends to use the net proceeds from the offering to refinance, repay or redeem outstanding debt, equity or other corporate obligations, pursue potential acquisitions or investment opportunities (which may include the acquisition of minority interests in its subsidiaries), and general corporate purposes.

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This press release relates to the credit ratings published on AM Best’s website. For all rating information related to exemptions and related disclosures, including office details

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responsible for issuing the individual ratings cited in this release, please refer to AM Best

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. For information on the best use of Best Credit Ratings, Best Performance Tests, Best First Credit Tests and AM Best’s press release, please view.

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AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Based in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit

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