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Banco G&T Continental S.A. Feb 09
Standard & Poors, Feb 2009
Abstract
Good market position in Guatemala Stable and diversified deposit base Adequate financial performance Low adjusted capitalization, double leverage, and limited profitability Structural asset concentrations with low coverage of nonperforming assets (NPAs) U.S. dollar-denominated balance sheet Standard & Poor's Rating Services' ratings on Banco G&T Continental S.A. (G&T Continental) are limited by the bank's relatively low adjusted capitalization and double leverage, structural asset concentrations with low coverage of NPAs, and a dollarized balance sheet. The ratings reflect the bank's good market position in Guatemala, as well as its stable and diversified deposit base and improving financial performance. While the bank has taken some steps to strengthen its adjusted capitalization, this remains an area of weakness. As of Dec. 31, 2008, the...
Companies mentioned in this report are: Banco G & T Continental S.A.,International Finance Corp.,Guatemala (Republic of)
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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