Deteriorating asset quality, insufficient coverage of nonperforming assets, and maintenance of double leverage is pressuring G&T Continental's financial profile. However, the bank's good market position, long track record, and adequate funding access through a large deposit base and access to long-term wholesale funds support the rating. We are affirming our ratings on G&T Continental, including the 'BB-/B' foreign currency counterparty credit ratings and 'BBB-' local currency survivability assessment. The stable outlook reflects our expectation that the bank will maintain its adequate financial profile in 2010 despite challenging economic conditions. On March 3, 2010, Standard&Poor's Ratings Services affirmed its ratings, including the 'BB-/B' foreign currency counterparty credit ratings, on Guatemala-based Banco G&T Continental S.A. The outlook is stable. At
