... Banco Industrial S.A.'s (BI) issuer default ratings (IDRs) are driven by its strong franchise, sound asset quality, good profitability, ample deposit base and sound liquidity, which, in turn, are reflected in the bank's viability rating (VR). BI's ratings are limited by the moderate capitalization and the relatively high exposure of its investment portfolio to the local sovereign (BB/Stable). BI is the largest Guatemalan bank in terms of assets and deposits with a corporate orientation; it is also an important player in the wider region. Good Management and Moderate Risk Appetite: BI's management and corporate governance compares well with similarly rated entities. The bank has a good track of meeting its targets and financial objectives through different economic cycles with well-articulated strategies. The bank has maintained its dominant position and market share of around 28% by banking system assets since 2008. The bank's moderate risk...
