The ratings on Guatemala-based universal bank BI continue to reflect its strong business position and adequate liquidity with average funding, compared with other Guatemalan and Latin American banks. The bank continues to show moderate risk-adjusted capitalization, which constrains the rating. We affirmed our 'BB' long term rating and 'B' short-term rating on BI. The stable outlook reflects our expectation that the bank will maintain its current performance and remain as the leading bank in Guatemala. MEXICO CITY (Standard&Poor's) March 14, 2013--Standard&Poor's Ratings Services affirmed its 'BB' long-term and 'B' short-term issuer credit ratings on Banco Industrial S.A. (BI). The bank's stand-alone credit profile (SACP) is 'bb+'. The outlook is stable. The ratings on BI reflect its
