DBRS Discontinues Ratings of BB&T Trust Preferred Securities

DBRS Inc. (DBRS) has today discontinued the ratings of BB&T Capital Trust I, BB&T Capital Trust II, BB&T Capital Trust IV, BB&T Capital Trust V, BB&T Capital Trust VI and BB&T Capital Trust VII, all of which have been redeemed.

BB&T Corporation’s ratings, including its Issuer & Senior Debt rating of A (high) are unaffected by today’s ratings action. The trend for all ratings is Stable.

Notes:
All figures are in U.S. Dollars unless otherwise noted.

The principal applicable methodology is the Global Methodology for Rating Banks and Banking Organizations. Other methodologies used include the DBRS Criteria – Intrinsic and Support Assessments. Both can be found on the DBRS website under Methodologies.

The sources of information used for this rating include company documents, the Federal Reserve, the Federal Deposit Insurance Corporation and SNL Financial. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Lead Analyst: Mark Nolan
Approver: William Schwartz
Initial Rating Date: 19 December 2005
Most Recent Rating Update: 23 February 2012

For additional information on this rating, please refer to the linking document under Related Research.