Fitch affirms BB&T

Fitch Ratings said it affirmed the long-term and short-term issuer default ratings of BB&T Corp. and its bank subsidiary Branch Banking & Trust Co. at A+ and F1, respectively.

The outlook was revised to stable from negative.

The affirmation reflects that BB&T's strong fundamentals remain intact despite increased credit pressure that has caused performance metrics to trend lower, the agency said.

BB&T's ratings are supported by the strength of its significant regional franchise, which spans the Southeast and Mid-Atlantic states, as well as the company's good liquidity position and solid core funding base, the agency noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.