Moody’s affirms BankUnited

Moody’s Investors Service said it affirmed the ratings of BankUnited, Inc. and its bank subsidiary, BankUnited, NA, and also affirmed the bank's baa2 standalone baseline credit assessment.

The bank is rated A3/Prime-2 for long- and short-term deposits and the holding company is rated Baa3 for senior unsecured debt.

The outlook remains stable.

“The affirmation of BankUnited's baa2 BCA and ratings reflects the ongoing organic development of its direct banking franchise as well as its comparatively more expensive deposit funding profile and its pockets of asset risk, in both its loan and securities portfolios,” the agency said in a news release.

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