Moody's assigns FNB preferreds Ba3

Moody's Investors Service said it assigned a Ba3 (hyb) rating to the non-cumulative perpetual preferred stock issued by F.N.B. Corp.

The outlook on the preferred stock rating is stable, consistent with the outlook on the debt ratings of FNB and its lead bank, First National Bank of Pennsylvania (standalone bank financial strength rating/baseline credit assessment of C-/baa2 and long-term/short-term deposit ratings of Baa2/Prime-2).

Moody's said the non-cumulative perpetual preferred stock rating reflects the rating agency's normal notching practices.

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