12.11.2014 18:12:00
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BB&T Corporation -- Moody's affirms BB&T's ratings, but changes its outlook to negative; Susquehanna on review up
New York, November 12, 2014 -- Moody's Investors Service affirmed its ratings on BB&T Corporation (BB&T) and its bank subsidiary, Branch Banking and Trust Company, following BB&T's announcement that it has agreed to acquire Susquehanna Bancshares, Inc. (Susquehanna). BB&T is rated A2 for senior debt and its bank subsidiary is rated B- for standalone bank financial strength, mapping to an a1 baseline credit assessment, and A1 for long-term deposits. BB&T's Prime-1 ratings for short-term obligations, at both the bank and holding company, were affirmed. At the same time, Moody's changed BB&T's rating outlook to negative from stable.