Fitch Takes Rating Actions on Guatemalan Largest Banks Following Peer Review

NEW YORK--(BUSINESS WIRE)-- Following its peer review of the largest Guatemalan banks, Fitch Ratings has affirmed the ratings for the following financial institutions:

--Banco Industrial, S.A.;

--Banco G&T Continental, S.A.;

--Banco de Desarrollo Rural, S.A.;

--Banco Agromercantil de Guatemala, S.A.;

--Banco de los Trabajadores;

--Banco de America Central, S.A.;

--Contecnica, S.A.;

--Financiera Industrial, S.A.;

--Westrust Bank (International) Limited;

--Industrial Senior Trust;

--Industrial Subordinated Trust;

--G&T Conticredit, S.A.;

--Financiera G&T Continental, S.A.;

--GTC Bank, Inc.;

--Financiera G&T Continental Costa Rica, S.A.

--Financiera Rural, S.A.;

--Mercom Bank Limited;

--Agromercantil Senior Trust;

--Financiera de los Trabajadores, S.A.;

--Bantrab Senior Trust;

--Credomatic de Guatemala, S.A.;

--Transcom Bank (Barbados) Limited;

--BAC Bank, Inc.

--Financiera de Capitales, S.A.

Fitch has published Rating Action Commentaries (RACs) for each of these banks, which are available at www.fitchratings.com and www.fitchcentroamerica.com. These RACs include each issuer's key rating drivers and sensitivities, as well as a list of all rating actions taken.

Additional information is available at 'www.fitchratings.com' and 'www.fitchcentroamerica.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160516005871/en/

Fitch Ratings
Mark Narron (Primary Analyst, Banco Industrial, Industrial Senior Trust, Industrial Subordinated Trust, Banco G&T Continental, Banco de Desarrollo Rural and Banco de los Trabajadores)
Director
+1-212-612-7898
Fitch Ratings, Inc.
33 Whitehall St.
New York, NY 10004
or
Bertha Perez (Primary Analyst, Banco Agromercantil)
Associate Director
+52 (81) 8399-9161
or
Rolando Martinez (Secondary Analyst Banco G&T Continental, Mercom Bank, Banco de America Central, Credomatic de Guatemala,Transcom Bank, BAC Bank, Financiera de Capitales, Conticredit, Financiera G&T, GTC Bank and Financiera G&T Costa Rica)
Director
+503 2516 6619
or
Marcela Galicia (Secondary Analyst, Banco de Desarrollo Rural, Financiera Industrial, Contecnica and Westrust Bank)
Director
+503 2516 6616
or
Francesca Cedrola (Primary Analyst Mercom Bank and Secondary Analyst Banco Agromercantil and Agromercantil Senior Trust)
Associate Director
+503 2516 6619
or
Alvaro Castro (Primary Analyst Financiera de los Trabajadores and Secondary Analyst, Banco de los Trabajadores and Bantrab Senior Trust)
Associate Director
+503 2516 6615
or
Jose Berrios (Primary Analyst Banco de America Central, Credomatic de Guatemala,Transcom Bank, BAC Bank, Financiera de Capitales)
Analyst
+503 2516 6612
or
Paolo Sasmay (Primary Analyst Conticredit, Financiera G&T, GTC Bank and Financiera G&T Costa Rica)
Analyst
+503 2516 6613
or
Francesco Dell'Arciprete (Primary Analyst Financiera Industrial, Contecnica and Westrust Bank)
Analyst
+503 2516 6613
or
Media Relations:
Alyssa Castelli, +1 212-908-0540
[email protected]

Source: Fitch Ratings

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