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Published on 6/30/2009 in the Prospect News Investment Grade Daily.

Fitch affirms First Horizon

Fitch Ratings said it has affirmed the ratings of First Horizon National Corp. and lead bank First Tennessee Bank, NA.

The outlook remains negative.

Although the economic environment continues to be extremely challenging, Fitch said it anticipates that First Horizon's solid capital position and high level of loan loss reserves will provide an adequate buffer against losses.


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