BankUnited Receives Investment Grade Rating

For the first time, Moody's Investors Service has assigned ratings for BankUnited, NA. in an announcement that noted "BankUnited's financial metrics are superior to those of similarly-rated U.S. banks." Describing BankUnited's rating outlook as stable, Moody's ratings translate into a baseline credit assessment for BankUnited of Baa3.

The announcement is the latest in a series of industry acknowledgements for BankUnited. Since the bank was established, BankUnited has earned four consecutive superior five-star ratings from the independent bank research firm BauerFinancial. In addition, in its annual survey of the largest U.S. banks released in July 2012, Bank Director magazine included 467 institutions and ranked BankUnited number 2 in the $5 billion to $50 billion category based on a combination of profitability, capitalization and asset quality.

BankUnited (NYSE: BKU), headquartered in Miami Lakes, Fla., provides a wide range of commercial and consumer banking services to businesses and consumers in 15 Florida counties through more than 95 branches. For additional information, call (877) 779-2265 or visit

Copyright Business Wire 2010