Strong business position, among the largest banks in the country; and Large and stable deposit base and manageable short-term obligations. Moderate capitalization; Higher level of dollarization in the loan portfolio than the average in the Guatemalan banking system and among regional peers; and Concentration in the commercial-corporate lending segment. Our stable outlook on Banco G&TC for the next 12 months mirrors that on the sovereign. The stable outlook also reflects manageable asset quality metrics as well as our expectation that the bank will maintain its moderate capital assessment through internal capital generation and lower dividend payments. We would lower the ratings on Banco G&TC in the next year if we were to take a similar action on the sovereign. An
