Moody's: Trustmark to stable

Moody's Investors Service said it changed the outlook for Trustmark Corp. and its operating bank subsidiary, Trustmark National Bank, to stable from negative.

Moody's also said it affirmed Trustmark's issuer rating at Baa1 and Trustmark National's long-term deposits rating at A3 and short-term rating at prime-2.

The outlook change is the result of Trustmark's relatively strong performance during the recession and a view that Trustmark can maintain its strong financial profile even if the economic environment worsened, the agency said.

Trustmark's asset quality performance has been better than expectations, particularly in light of the significant commercial real estate concentration that Trustmark entered the crisis with, Moody's said.

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