A.M. Best also has affirmed the Long-Term ICR of "bbb-" of Fidelis Insurance Holdings Limited [Bermuda], the ultimate holding company. Concurrently, A.M. Best has affirmed the Long-Term Issue Credit Rating of "bb" on Fidelis Insurance Holdings Limited's $304 million [$248.7 million currently outstanding] 9% cumulative preference shares, due 2050. The outlook of these Credit Ratings [ratings] is stable.