Kroll Bond Rating Agency affirmed BankUnited Inc.'s senior unsecured debt rating of A-, subordinated debt rating of BBB+ and short-term debt rating of K2.
The rating agency also affirmed the deposit and senior unsecured debt ratings of A, subordinated debt rating of A-, and short-term deposit and debt ratings of K1 for BankUnited NA, the lead subsidiary of the Miami Lakes, Fla.-based company.
The outlook for all long-term ratings is stable.
The ratings are supported by BankUnited's management team, which Kroll described as experienced and cohesive. The rating agency noted that it positively views management's strategy to improve the mix of commercial business.
