NEW YORK (Standard&Poor's) Oct. 11, 2012--Standard&Poor's Ratings Services said today that it has assigned its 'BBB-' global scale ratings to Toronto-based Fairfax Financial Holdings Ltd.'s (Fairfax) pending issuance of up to C$200 million in 10-year fixed-rate senior unsecured debt. Fairfax intends to issue the senior notes from its current $2 billion universal shelf filing. We believe the company will use the proceeds to pay down outstanding debt of similar amount. We do not expect this issuance to have any major impact on financial leverage and coverage ratios. On a pro forma basis, as of June 30, 2012, Fairfax's total financial leverage was about 31%, which is in line within our expectations. In the first six months
