12:54 PM EDT, 03/20/2024 (MT Newswires) -- Fitch Ratings said Wednesday that it has assigned a BBB rating to the $1 billion 6.35% senior notes due 2054 issued by Fairfax Financial Holdings Ltd. ( FRFHF ) .

The new issuance ranks equally with Fairfax's currently outstanding senior notes, and are thus rated equivalently, the rating agency said.

The company plans to use the net proceeds from the offering for general corporate purposes.

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