NY -- Standard&Poor's CreditWire 3/11/98 -- Standard&Poor's today placed the ratings of Fairfax Financial Holdings Ltd. and related entities on CreditWatch with negative implications. This follows the company's announcement that it has agreed to purchase Crum&Forster Holdings Inc. (see members below) from Talegen Holdings Inc. for $565 million plus the assumption of $115 million in debt. Concurrently, Standard&Poor's revised the CreditWatch implications of Crum&Forster Holdings Inc.'s related entities to negative from developing. Ratings were originally placed on CreditWatch when the company was made available for sale back in September of 1996. With over $5 billion in assets and over $940 million in total premium, Crum&Forster would represent approximately
