Moody's: BB&T view negative

Moody's Investors Service said it changed the outlook on BB&T Corp. and its subsidiaries to negative from stable while affirming all of its ratings, including the holding company's A2 senior debt rating and the lead bank's deposit rating of A1 and baseline credit assessment of A1.

The outlook change follows the unexpected disclosure in its 2012 10-K filing that BB&T needed to adjust its calculation of risk-weighted assets related to unfunded lending commitments. This reflects weaker internal controls than Moody's expected for a bank with BB&T's strong track record.

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