Moody's Downgrades BB&T Debt (BBT)

Moody's Investors Services MCO cut the ratings of BB&T Corp. BBT debt to A2 from A1, citing concners as it shifts away from real estate into other asset classes. At last check, shares of BB&T were off 17 cents to $25.99, a loss of 0.65% on about 3.5 million shares.