Strong business stability as a result of its large market share within Guatemalan financial system; and Large and stable deposit base aligned with adequate funding and liquidity ratios. Moderate capitalization; Higher level of dollarization on its loan portfolio compared with the Guatemalan banking system and other regional peers; and Concentration related to commercial exposure and the small size of the economy. Our stable outlook mirrors that on the sovereign as Banco G&TC's SACP remains at 'bb+'. Thus, the ratings will move in tandem with those on the sovereign. The stable outlook also reflects our expectation that the bank will maintain its moderate capital assessment through internal capital generation and lower dividend payments. Its strong business position bolsters our outlook. Given
