Fitch Assigns 'AAA/F1+' To SunTrust's FDIC TLGP Debt

Fitch Ratings has assigned an 'AAA F1+' rating to debt issued by SunTrust Banks, Inc. (STI) through the FDIC Temporary Liquidity Guarantee Program (TLGP). Specifically, STI issued $576 million of senior unsecured debt maturing May 2012 under the TLGP. Obligations

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Fitch Ratings has assigned an ‘AAA/F1+’ rating to debt issued by SunTrust Banks, Inc. (STI) through the FDIC Temporary Liquidity Guarantee Program (TLGP). Specifically, STI issued $576 million of senior unsecured debt maturing May 2012 under the TLGP.

Obligations under the TLGP bear the full faith and credit of the U.S. Government. The maximum amount eligible under the TLGP is 125% of senior, unsecured debt outstanding at 30 September 2008 and scheduled to mature by 30 June 2009. The FDIC guarantees expire at the earlier of the instrument’s maturity or June 30, 2012. Notes can be issued in U.S. Dollars or foreign currency.

Fitch assigns the following ratings to STI debt issued under the FDIC TLGP:

-Long-term FDIC guaranteed debt ‘AAA’;

-Short-term FDIC guaranteed debt ‘F1+’.

Outstanding debt issued by STI or its subsidiaries, or debt issued outside the TLGP, will continue to bear the relevant ratings currently assigned by Fitch.

L.D.

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