NEW YORK (Standard&Poor's) Oct. 25, 2007--Standard&Poor's Ratings Services said today it has revised its outlook on Fairfax Financial Holdings Ltd. (FFH), FFH's operating insurance companies (collectively, Fairfax), and Crum&Forster Holdings Corp.(Crum&Forster) to stable from negative. At the same time, Standard&Poor's affirmed its 'BB' counterparty credit ratings on FFH and Crum&Forster and its 'BBB' counterparty credit and financial strength ratings on Fairfax. "The stable outlook is based on the view that FFH's earnings in 2007 and 2008 will remain consistent with the rating, and may improve prospectively," said Standard&Poor's credit analyst Damien Magarelli. "The stable outlook is further supported by a good competitive position." Standard&Poor's
