El Salvador-based Banco Agricola's strong business position, above-average diversification by business activities, and strong risk-adjusted capitalization support the ratings. We are affirming our 'BB-/B' issuer credit ratings on the bank. The stable outlook reflects our expectation that its leading position in El Salvador and strong capitalization levels will keep supporting Banco Agricola's stand-alone credit profile. MEXICO CITY (Standard&Poor's) Dec. 5, 2012--Standard&Poor's Ratings Services affirmed its 'BB-' long-term and 'B' short-term issuer credit ratings (ICR) on Banco Agricola. The bank's stand-alone credit profile (SACP) remains at 'bbb-'. The ratings on Banco Agricola reflect our view of its "strong" (as our criteria define the term) business position, "strong" capital and earnings, "adequate" risk position, and its "average" funding
