S&P revises Banco Industrial, Banco G&T views to positive

S&P said it revised its outlook on Banco Industrial SA and Banco G&T Continental SA to positive from stable following a similar action by S&P on Guatemala.

The two rated banks in Guatemala operate with stand-alone credit profiles of bb, one notch above the BB- sovereign long-term foreign currency rating. In this sense, a potential upgrade of the sovereign would result in a similar action for both banks, S&P said.

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