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Banco G & T Continental 'BB-/B' Counterparty Credit Ratings And 'BBB-' Survivability Assessment Affirmed Mar 11
Standard & Poors, March 2011
Abstract
Despite good overall performance, G&T Continental has weak capitalization and double leverage, a dollarized balance sheet, and a still-limited NPA coverage. We are affirming our ratings on G&T Continental, including the 'BB-/B' foreign currency counterparty credit ratings and 'BBB-' local currency survivability assessment. The stable outlook reflects our expectation that the bank will maintain its financial profile in 2011, supported by additional capital. MEXICO CITY (Standard & Poor's) March 23, 2011--Standard & Poor's Ratings Services said today that it affirmed its ratings, including the 'BB-/B' foreign currency counterparty credit ratings, on Guatemala-based Banco G&T Continental S.A. We also affirmed our 'BBB-' survivability assessment on the bank. At the same time, we assigned global-scale local currency ratings of 'BB-/B'. The outlook...
Companies mentioned in this report are: Banco G & T Continental S.A.,International Finance Corp.
Action: Affirmed
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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