Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for BankUnited, Inc. > News item |
Fitch lifts BankUnited view to stable
Fitch Ratings said it affirmed the long-term issuer default ratings of BankUnited, Inc. and BankUnited, NA at BBB.
The outlook was revised to stable from negative.
The bank's F2 short-term issuer default rating remains under criteria observation.
Fitch also said it revised the bank's outlook to stable from negative.
This outlook revision reflects the bank's significant moderation of loan growth over the last 18 months, which is viewed as prudent at this point in the credit cycle, the agency said.
The ratings are further supported by good core asset quality metrics in BankUnited's loan portfolio and solid execution by management against strategic goals, Fitch said.
These strengths are balanced by the bank's higher risk appetite in the investment portfolio and a relatively weak funding profile characterized by higher deposit costs than peers, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.