NY -- Standard&Poor's CreditWire 10/6/95 -- Standard&Poor's affirms its triple-`B'-plus senior debt (Rule 415 shelf drawdown) rating of Fairfax Financial Holdings Ltd., a financial services holding company with key subsidiaries that offer property and casualty insurance, investment management services, and claims management. This rating action is in response to Fairfax's recent issuance of US$100 million of unsecured notes at 8.25% with a maturity of 20 years. Total debt as of Oct. 3, 1995 was approximately C$300 million. The affirmation reflects Standard&Poor's belief that Fairfax's debt servicing capability will benefit from a broader diversification of earnings with the 1994 acquisition of Continental Insurance Co. of Canada. Other factors supporting the rating include strong management, solid
