Strong business position within the Guatemalan financial system. Large and stable deposit base aligns with its adequate funding and liquidity ratios. Higher level of dollarization in its loan portfolio than the Guatemalan banking system and other regional peers. Moderate capitalization. Loan portfolio concentrated in commercial segment. The negative outlook on Banco G&T Continental S.A. reflects that of the sovereign. The negative outlook on Banco G&TC reflects S&P Global Ratings' view that if we downgrade the sovereign in the next 12 months, we will take the same action on the bank even if its stand-alone credit profile is unchanged. Such a potential rating action on Banco G&TC would reflect our belief that if a financial institution has more than
