Moody's eyes BankUnited for upgrade

Moody's Investors Service said it placed the long-term ratings and assessments of BankUnited, Inc. and its subsidiaries on review for upgrade. BankUnited is rated Baa3 for long-term senior unsecured and subordinated debt. The outlook was stable.

“The review for upgrade reflects BankUnited's improved core deposit funding, reduced asset-risk concentrations and embrace of technological change in a rapidly evolving environment. During the review, Moody's will assess whether these positive credit trends are sustainable and unlikely to be reversed,” the agency said in a press release.

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