Fairfax continues to successfully leverage its growing insurance business platform and related balance sheet assets to deliver above-average long-term investment performance for the consolidated organization. We believe the company's consolidated competitive profile is improving and better positioned to drive profitable future growth. Therefore, we are revising our outlook on ultimate parent Fairfax Financial Holdings and its core insurance and reinsurance companies to positive from stable. We are affirming our 'BBB-' counterparty rating on Fairfax Financial Holdings and its intermediary holding companies and our 'A-' financial strength ratings on its core insurance operating companies. TORONTO (Standard&Poor's) Oct. 28, 2011--Standard&Poor's Ratings Services said today that it affirmed its 'A-' counterparty credit and financial strength ratings on the core
