Bulletin: Guatemala Positive Outlook Revision Won't Immediately Affect Banking Industry Country Risk Assessment And Rated Banks

This report does not constitute a rating action. MEXICO CITY (S&P Global Ratings) April 19, 2024--S&P Global Ratings said today that its Banking Industry Country Risk Assessment (BICRA) on Guatemala, as well as its ratings and outlooks on Guatemala-based banks Banco Industrial (BB/Stable/B) and Banco G&T Continental (BB/Stable/B), are not affected by the recent rating action on the sovereign. On April 18, 2024, we revised the outlook on Guatemala to positive from stable. The positive outlook indicates our expectation of an upgrade in the next six to 12 months if cautious macroeconomic policies prevail, despite somewhat higher fiscal deficits stemming from the planned rise in infrastructure spending. The positive outlook also reflects the country's strong external resilience despite long-standing institutional

...April 19, 2024 This report does not constitute a rating action. MEXICO CITY (S&P Global Ratings) April 19, 2024--S&P Global Ratings said today that its Banking Industry Country Risk Assessment (BICRA) on Guatemala, as well as its ratings and outlooks on Guatemala-based banks Banco Industrial (##/Stable/B) and Banco G&T Continental (##/Stable/B), are not affected by the recent rating action on the sovereign. On April 18, 2024, we revised the outlook on Guatemala to positive from stable. The positive outlook indicates our expectation of an upgrade in the next six to 12 months if cautious macroeconomic policies prevail, despite somewhat higher fiscal deficits stemming from the planned rise in infrastructure spending. The positive outlook also reflects the country's strong external resilience despite long-standing institutional challenges and episodes of political uncertainty. For more details, refer to "Guatemala Outlook Revised To Positive On Sustained Macroeconomic Resilience; '##/B' Ratings...

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