MEXICO CITY (Standard&Poor's) May 16, 2007-Standard&Poor's Ratings Services said today that it affirmed its 'BB-/B' foreign currency counterparty and CD ratings on Banco G&T Continental S.A. (G&T Continental). The outlook remains stable. At the same time, we affirmed our 'BBB-' Survivability Assessment on G&T Continental. "The affirmation reflects our expectations that G&T Continental's acquisition of Banco de Exportación S.A. will be funded with a prudent amount of equity and equity-like capital that will maintain capitalization levels adequate for the rating category," said Standard&Poor's credit analyst Leonardo Bravo. We expect that current and expected net capital injections, as well as the issuance of hybrid instruments with strong equity content, should be enough to improve the
