Fitch: Trustmark view negative

Fitch Ratings said it affirmed the long-term issuer default ratings for Trustmark Corp. and its banking subsidiary, Trustmark National Bank, at A-.

The outlook has been revised to negative from stable.

Fitch said this action follows the announcement that the company has entered into an agreement to acquire BancTrust Financial Group, Inc.

The agency said the outlook revision reflects Fitch's negative view of the acquisition's impact on the company's capital, earnings contribution and pricing.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.