Moody's rates BB&T trust preferreds A2

Moody's Investors Service said it assigned a rating of A2 to BB&T Capital Trust VII's $325 million enhanced trust preferred securities. The rating is one notch lower than BB&T Corp.'s A1 senior unsecured debt rating.

The outlook is negative.

The agency said the A2 rating reflects the structure of the securities, which represent an interest in the assets of the issuing trust. The trust's only assets are junior subordinated debentures issued by BB&T.

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