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Fitch: SunTrust unchanged
Fitch Ratings said ratings for SunTrust Banks, Inc. are not impacted by the recent announcement regarding the sale of the company's Coca-Cola shares or the charges related to mortgage repurchases, loans being moved to held-for-sale or the community development investment.
The company's long-term issuer default rating is BBB+ with a stable outlook.
Together, these four actions will contribute a modest 10 bps improvement to tier 1 common under Basel I as of June 30, the agency noted.
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