NY -- Standard&Poor's CreditWire 4/6/98 -- Standard&Poor's today affirmed the triple-'B'-plus senior debt and counterparty credit ratings of Fairfax Financial Holdings Ltd. (Fairfax) and the single-'A'-minus claims-paying ability and counterparty credit ratings of Fairfax's insurance subsidiaries (see list below). The ratings are removed from CreditWatch where they were placed March 11, 1998. Concurrently, Standard&Poor's lowered the claims-paying ability and counterparty credit ratings of the Crum&Forster (CFI) insurance group members to single-'A'-minus and removed the ratings from CreditWatch (see members below). CFI's outlook is stable. These ratings were placed on CreditWatch on March 11, 1998 following Fairfax's announcement that it was acquiring 100% of the outstanding stock of Crum&Forster Holdings Inc.
