...Stand-Alone Profile: Banco de Desarrollo Rural, S.A.'s (Banrural) Issuer Default Ratings (IDRs) are driven by its Viability Rating (VR), which is highly influenced by a challenging operating environment and a relatively strong company profile in Guatemala. Ratings also reflect good liquidity levels, as well as sufficient profitability and capitalization levels in the context of increasing impaired loans. Negative Outlook: Banrural's Negative Rating Outlook is also aligned with Guatemala's Sovereign Rating Outlook given its high level of influence over the financial sector and the broader operating environment. Systemically Important: Fitch Ratings considers Banrural's systemic importance as the second largest Guatemalan bank given its size, geographical coverage, client segments and relevance in terms of remittances received. As of December 2018, Banrural accounted for 23% of total deposits and 17% of total loans. Lower Asset Quality: As of December 2018, past due loans over 90 days (PDLs)...
