Very strong capitalization Low credit loss experience Small market position and susceptibility to ongoing competitive pressures Funding profile vulnerable to competitive funding pressure, particularly in a stressed operating environment The stable outlook on G&C Mutual Bank Ltd. (G&C) reflects S&P Global Ratings' view that G&C will retain its focus on providing well-secured residential mortgage loans to its customer base and maintain its operating performance. G&C has strengthened the stability of its credit profile at the current rating level through continued balance sheet growth supported by the evolution of its product suite, the bank's sharpened focus on origination activities with its government linked member base, and the establishment of a range of loan origination partnerships. Also supporting the ratings is G&C's
