S&P revises Fairfax Financial view to positive

S&P said it revised its outlook to positive from stable on Fairfax Financial Holdings Ltd. and its operating subsidiaries and affirmed its BBB- long-term issuer credit rating. Concurrently, S&P affirmed its A- long-term issuer credit ratings on Fairfax's core operating companies.

“The positive outlook reflects our expectation of strengthening in Fairfax's competitive position supported by operating earnings expansion, improving capitalization supporting robust growth, and a moderating financial leverage profile,” S&P said in a press release.

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