Fitch Ratings blamed deteriorating credit quality in SunTrust's prime mortgage portfolio for downgrading the Atlanta bank's long-term issuer default ratings.

The rating agency dropped the company's IDR to 'A-' from 'A+'.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.