The ratings on Agrícola are supported by its leading market position in El Salvador, adequate financial performance, and experienced management team. We are affirming our 'BB/B' counterparty credit ratings on Agrícola. The stable outlook reflects our opinion that Agrícola will be able to maintain its good financial performance, even in a more adverse economic and financial environment. MEXICO CITY (Standard&Poor's) Dec. 21, 2009--Standard&Poor's Ratings Services affirmed its 'BB/B' counterparty credit ratings on Banco Agrícola S.A. The outlook is stable. "The ratings on El Salvador-based Banco Agrícola S.A. are constrained by the country's relatively small size, limited diversification, low growth prospects, and strongly competitive banking system," said Standard&Poor's credit analyst Alfonso J. Novelo. "The ratings
