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BRIEF-Moody's downgrades Synovus (subordinate B3)
April 22, 2010 / 10:52 PM / in 8 years

BRIEF-Moody's downgrades Synovus (subordinate B3)

Apr 22 (Reuters) - Synovus (SNV.N):

Moody’s Investors Service downgraded the long-term ratings of Synovus Financial Corporation (subordinate debt to B3 from B2) and its subsidiary banks, Columbus Bank & Trust and First Commercial Bank (bank financial strength rating to D- from D; deposits to Ba3 from Ba2).

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