S&P sets Fairfax Financial notes BBB-

S&P said it gave its BBB- issue-level rating to Fairfax Financial Holdings Ltd.'s $600 million of 3.375% senior unsecured notes due 2031.

The BBB- rating is consistent with S&P’s ratings on Fairfax’s other senior unsecured notes.

Proceeds are expected to be used primarily to redeem debt and for general corporate purposes.

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