Guatemala-based Banco G&T Continental has maintained its strong business stability and its moderate capitalization levels, supported by internal capital generation and shareholders' capital injections. We are affirming our 'BB' long-term and 'B' short-term issuer credit ratings on the bank. The outlook is stable. The stable outlook mirrors that on the sovereign, as Banco G&TC's SACP remains 'bb+'; thus, the ratings on Banco G&TC will move in tandem with those on Guatemala (foreign currency: BB/Stable/B). On Feb. 29, 2016, Standard&Poor's Ratings Services affirmed its 'BB/B' counterparty credit ratings on Guatemala-based Banco G&T Continental S.A. The stand-alone credit profile (SACP) remains at 'bb+'. The outlook is stable. The ratings reflect Banco G&T's strong business position, considering its high market penetration
