Leading position in the Guatemalan banking system as the largest bank in the country, and among the leading franchises in Central America. Large and stable deposit base, which represents 71% of the total funding base. Strong asset quality and reserve coverage, with the lowest non-performing ratios in Guatemala's banking sector. High level of dollarization in its loan portfolio--59% as of September 2018; and Stalled credit growth due to the political climate and ongoing corruption scandals in Guatemala. Our stable outlook on Banco Industrial for the next 12 months mirrors that on the sovereign. It also reflects our belief that the entity will maintain its financial and operating performance, according to our base-case expectations. We could lower the ratings on BI
