New York, January 24, 2013 -- Moody's Investors Service assigned shelf ratings and a non-cumulative preferred stock rating to First Horizon National Corporation (FHN; senior unsecured of Baa2 negative). The following shelf ratings were assigned: senior unsecured of (P)Baa2, junior subordinate of (P)Ba1, cumulative preferred stock of (P)Ba1, and non-cumulative preferred stock of (P)Ba2. Moody's assigned a rating of Ba2 (hyb) to FHN's non-cumulative perpetual preferred stock. The outlook on the preferred stock rating is negative, consistent with the outlook on the debt ratings of FHN and its lead bank, First Tennessee Bank (standalone bank financial strength rating/baseline credit assessment of C-/baa1, deposit ratings of Baa1/Prime-2).

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