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Summary: Ratings On Three BB&T Municipal Trust Issues Lowered To ?AA+/A-1? And ?AA+?; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds Jan 12
Standard & Poors, January 2012
Standard & Poor's Ratings Services lowered its ratings on three BB&T Municipal Trust issues to 'AA+/A-1' and 'AA+' from 'AAA/A-1' and 'AAA', respectively. These actions follow Standard & Poor's Dec. 6, 2011, downgrade of its rating on Branch Banking & Trust Co. to 'A/A-1' from 'A+/A-1' (please see "Standard & Poor's Applies Its Revised Bank Criteria To 31 North American Regional Banks And Their Subsidiaries," published Dec. 6, 2011, on RatingsDirect on the Global Credit Portal). The long-term component of the rating is based jointly on the ratings on the obligors and the letter of credit facilities provided by Branch Banking & Trust Co. The short-term components of the ratings are based on liquidity provided by Branch Banking & Trust...
Companies mentioned in this report are: Anaheim,BB&T Muni Tr
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Anaheim,BB&T Muni Tr