The issuer credit ratings on Guatemala-based bank Banco G&T Continental S.A. (BG&TC) reflect its "strong" business position, our "moderate" capital and earnings assessment, "moderate" risk position, and "average" funding with "adequate" liquidity (as our criteria define these term). The bank's stand-alone credit profile (SACP) is 'bb+'. Our bank criteria uses the Banking Industry Country Risk Assessment's (BICRA) economic and industry risk scores to determine a bank's anchor, the starting point in assigning an issuer credit rating. The anchor for a commercial bank operating in Guatemala is 'bb+'. Our economic risk score of '7' on Guatemala reflects its limited fiscal flexibility stemming primarily from a low tax base, likely higher debt over the next several years, the absence of any measures
