A.M. Best Withdraws Issuer Credit and Debt Ratings of Crum and Forster Holdings Corp.
A.M. Best Withdraws Issuer Credit and Debt Ratings of Crum and Forster Holdings Corp. Business Wire OLDWICK, N.J. -- July 30, 2012 A.M. Best Co. has withdrawn the issuer credit rating of “bbb” and the debt rating of “bbb” on the $330 million 7.75 % senior unsecured note due 2017 of Crum and Forster Holdings Corp. (Delaware), due to the early redemption and repayment of the note. Based on this redemption and this entity’s status as an intermediate holding company owned by Fairfax Financial Holdings Limited, the published ratings are no longer appropriate. The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology. Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com. Copyright © 2012 by A.M. Best Company, Inc. ALL RIGHTS RESERVED. Contact: A.M. Best Co. Darian Ryan, CPA, 908-439-2200, ext. 5449 Senior Financial Analyst email@example.com or Michael J. Lagomarsino, CFA, 908-439-2200, ext. 5810 Assistant Vice President firstname.lastname@example.org or Rachelle Morrow, 908-439-2200, ext. 5378 Senior Manager, Public Relations email@example.com or Jim Peavy, 908-439-2200, ext. 5644 Assistant Vice President, Public Relations firstname.lastname@example.org