Banco Agricola maintains its leading position in El Salvador and its adequate financial profile. We are affirming our 'BB/B' counterparty credit ratings on Banco Agricola. The stable outlook reflects our expectations that Banco Agricola's business profile and financial performance will remain unchanged in 2011. MEXICO CITY (Standard&Poor's) Dec. 21, 2010--Standard&Poor's Ratings Services said today that it affirmed its 'BB' long-term and 'B' short-term counterparty credit ratings on Banco Agricola S.A. (Agricola). The outlook is stable. "The ratings on El Salvador-based Agricola reflect the country's relatively small size, minimum growth prospects, and strong competition within the banking system," said Standard&Poor's credit analyst Elena Enciso Benoit. However, Agricola's efficient strategy, reflected in a strong market position
