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Fitch Affs BB&T's IDR at 'A+' Following Acq. of Colonial Bank Operations.

Publication: Investment Weekly News
Publication Date: 05-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Today, Fitch has affirmed the long-term and short-term Issuer Default Ratings (IDRs) of BB&T Corporation (BB&T) and its bank subsidiary, Branch Banking & Trust Company at 'A+' and 'F1', respectively, following its acquisition of the banking operations of Colonial BancGroup (CNB) through an FDIC assisted transaction. The Rating Outlook remains Negative. A complete list of ratings...

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