Moody's confirms SunTrust

Moody's Investors Service said it confirmed the Baa2 ratings on trust preferred stock issued by subsidiaries of SunTrust Banks, Inc. as well as the Ba2 rating on SunTrust's preferred stock and the Baa3 rating on SunTrust Real Estate Investment Corp.'s REIT preferred stock.

All of the impacted ratings had been on review for possible downgrade since May 14, Moody's said, noting that none of SunTrust's other ratings were affected by's rating action.

Following the review, Moody's added that its outlook on SunTrust and its subsidiaries remains negative.

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