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Moody's affirms ratings of BB&T

Moody's affirmed BB&T Corp.'s senior unsecured and subordinated debt ratings at A2 and noncumulative preferred stock at Baa1(hyb), among other ratings.

The rating agency also affirmed BB&T subsidiary Branch Banking and Trust Co.'s issuer rating and senior unsecured debt rating at A1, long-term deposit rating at Aa1 and short-term deposit rating at P-1, among other ratings.

The affirmation is based on BB&T's "continued risk discipline and healthy financial fundamentals," according to Moody's. The company "has a diverse revenue stream, limited concentration risk, a granular loan portfolio and deposit base, and minimal leveraged lending exposure," the rating agency added.