S&P lowers ratings on Regions, BB&T, Fifth Third, Synovus, others - San Francisco Business Times:

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The actions reflect S&P’s belief that operating conditions for the bankingf industry will become less favorable than they were in the past with greatee volatility in financial markets during credit cycles and tightetregulatory supervision, the ratings agench said in a “The industry is now in a transitiomn and likely will undergo material structurao changes; the loss content of loan portfolios should but recent capital rebuilding should help banks defragy these losses; stress tests point to more pain in the we don’t view regional banksa as being highly systemically important; and potential losses could increase beyoned our current expectations,” the S&P release Such a transition period justifies lower Rodrigo Quintanilla, S&P’s credit analyst, said in the • .
(NYSE: BBT) from A+/Watch Neg/A-q to A/Stable/A-1 • • • •