A.M. Best Withdraws Issuer Credit and Debt Ratings of Crum and Forster
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A.M. Best Co. has withdrawn the issuer credit rating of “bbb” and the debt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
Founded in 1899, A.M. Best Company is the world's oldest and most
authoritative insurance rating and information source. For more information,
Copyright © 2012 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
A.M. Best Co.
Darian Ryan, CPA, 908-439-2200, ext. 5449
Senior Financial Analyst
Michael J. Lagomarsino, CFA, 908-439-2200, ext. 5810
Assistant Vice President
Rachelle Morrow, 908-439-2200, ext. 5378
Senior Manager, Public Relations
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
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