BankUnited Financial ratings affirmed with stable outlook - Fitch |
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Published
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Mon, 10 Sep 2007 18:41
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MUMBAI (Thomson Financial) - Fitch Ratings said it affirmed BankUnited Financial Corp's long-term issuer default rating 'BB+' and short-term IDR at 'B' with stable outlook.Fitch said the rating affirmation reflects BankUnited's solid capital position, stable funding and liquidity sources and historically sound asset quality.However, limited revenue diversity, loan product and geographic concentration, and a significant level of parental debt constrain the ratings, Fitch said.tfn.newsdesk@thomson.comnet/ssaCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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