Fitch: Banco Industrial outlook stable

Fitch Ratings said it affirmed the BB long-term foreign- and local-currency issuer default ratings of Guatemala's Banco Industrial and revised the outlook to stable from positive.

Industrial maintains a robust franchise in Guatemala, low level of loan delinquency, improving efficiency and profitability, and adequate funding and liquidity, the agency said.

Ratings also factor in a tight capital position, limited and declining loan loss reserves and its modest revenue diversification, the agency noted.

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