Strong market position with a well-diversified base of customer deposits given its nationwide footprint; Adequate asset quality metrics; and Adequate risk-adjusted capitalization supported by its earnings capacity; Strong competition within the Salvadorian banking system which could set pressure on profitability levels; Poor economic performance persists in the country, besides the lower economic growth in the region. Our stable outlook on Banco Agricola reflects our expectation that it will maintain its leading market position in the Salvadorian banking system with good credit quality and "adequate" capital and earnings. The foreign currency ratings limit those on the bank, therefore, a positive rating action on the sovereign will lead to an upgrade if the bank's SACP remains unchanged. Likewise, negative rating action on
