Good market position and long track record in the Guatemalan banking industry Liquidity supported by its large and well-diversified deposit base, and by long-term funding sources Maintenance of adequate profitability Deteriorating asset quality amid low reserves for nonperforming assets A high concentration in commercial business and in the small Guatemalan economy Capitalization and profitability limited by double leverage A challenging economy reflected in deteriorating asset quality, and strong competition Standard&Poor's Ratings Services' ratings on Guatemala-based Banco G&T Continental S.A. reflect the bank's high concentration in certain clients, its low coverage of nonperforming assets (NPAs), and its significant exposure to on-balance-sheet foreign-currency risk. Deteriorating asset quality and persistent double leverage limit the bank's adjusted capitalization and profitability and constrain
