Good market position in Guatemala Stable and diversified deposit base Adequate financial performance Low adjusted capitalization, double leverage, and limited profitability Structural asset concentrations with low coverage of nonperforming assets (NPAs) U.S. dollar-denominated balance sheet Standard&Poor's Rating Services' ratings on Banco G&T Continental S.A. (G&T Continental) are limited by the bank's relatively low adjusted capitalization and double leverage, structural asset concentrations with low coverage of NPAs, and a dollarized balance sheet. The ratings reflect the bank's good market position in Guatemala, as well as its stable and diversified deposit base and improving financial performance. While the bank has taken some steps to strengthen its adjusted capitalization, this remains an area of weakness. As of Dec. 31, 2008, the
