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.

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