RE:RE:RE:RE:RE:RE:RE:RE:Bidding warThis is story I came accross the other day . In case anyone missed it OLDWICK, N.J.--(BUSINESS WIRE)--Feb 25, 2021-- AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of bbb to the recently announced CAD 850 million, 3.95% senior unsecured notes, due March 2031, of Fairfax Financial Holdings Limiteds (Fairfax) (Toronto, Canada). The outlook assigned to the Credit Rating (rating) is stable. Fairfax intends to use the net proceeds of the offering to fund the redemption of its 5.84% senior unsecured notes, due 2022, and 4.50% senior unsecured notes, due 2023. Any remaining balance of the net proceeds will be used to refinance or repay outstanding debt or other corporate obligations of Fairfax and its subsidiaries and for general corporate purposes.