DBRS confirms BB&T

DBRS said it confirmed BB&T Corp.'s issuer and senior debt rating at A (high) and short-term instruments rating at R-1 (low).

The agency also confirmed all of the ratings of its principal operating bank subsidiary, Branch Banking and Trust Co., including its AA (low) deposits and senior debt rating.

The trend is stable.

The ratings reflect BB&T's well established super-regional banking franchise that is located in geographically appealing states, the agency said, and underpinned by the sixth largest branch network in the country.

Although pressured by the slow growth economy, regulatory headwinds and the costs associated with its expedited troubled asset disposition strategy, BB&T's resilient earnings power reflects its high net interest margin, diverse revenue streams and well controlled expense base, DBRS said.

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