Fitch affirms BB&T

Fitch Ratings said it affirmed the long-term and short-term issuer default ratings of BB&T Corp. and its subsidiaries at A+ and F1, respectively.

The outlook is stable.

The affirmation of BB&T's ratings largely reflects the consistency of its performance throughout the credit cycle, the agency added, stating that credit trends have been trending positively and the company has been successful in reducing its higher risk exposures, mainly its residential acquisition, development, and construction portfolio.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.