Fitch shifts Banco Industrial view to stable

Fitch Ratings said it revised the outlook to stable from negative and affirmed Banco Industrial, SA's foreign-and local-currency long-term issuer default ratings at BB-. Fitch also affirmed Industrial’s national ratings of at AA(gtm) as well as those of its subsidiaries and sister companies.

“The outlook revision of Industrial and related entities' long-term ratings to stable is mainly driven by the outlook revision to stable from negative of Fitch's assessment of the operating environment (OE) faced by Guatemalan banks,” the agency said in a press release.

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