Moody's: SunTrust Banks' efficiency gains lift profitability, but capital lags
New York, January 12, 2017-- SunTrust Banks, Inc. materially improved its efficiency ratio and boosted profitability to the level of similarly rated peers, although the improvements are not sufficient to boost SunTrust's standalone credit strength owing to below average capital ratios, Moody's Investors Service says in a new report. Moody's, which recently affirmed SunTrust's Baa1 debt rating and stable outlook, notes the bank has been more successful than most other large US...
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