Fitch: BBT unchanged

Fitch Ratings said news that BBT Corp. entered into a definitive agreement to acquire BankAtlantic, a wholly-owned bank subsidiary of BankAtlantic Bancorp, will not affect BBT's ratings.

The transaction fits with BBT's strategic plan to grow its presence in Florida, Fitch said.

The addition of the BankAtlantic franchise adds about 78 branches and augments BBT's deposit market share in Florida, the agency said, particularly in the Miami market.

The acquisition will have a minimal effect on BBT's capital position and does not add meaningful incremental risk to the balance sheet, Fitch added.

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