DBRS: SunTrust unchanged

DBRS said SunTrust Banks, Inc.'s issuer and senior debt rating of A (low) remain unchanged following the release of its fourth quarter 2011 financial results.

The trend remains stable.

The company reported net income available to common shareholders of $152 million, which declined 28% from the $211 million reported in the prior quarter, but improved 33% from $114 million recorded in the fourth quarter of 2010, the agency said.

Despite exhibiting sound underlying fundamentals in each of its business lines, SunTrust's financial results were negatively impacted by costs related to its mortgage business, DBRS said.

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