Moody's boosts Banco Industrial

Moody's Investors Service said it upgraded Banco Industrial SA's long-term foreign-currency deposit rating to Ba2 from Ba3, following a similar action on the Guatemalan country ceiling for deposits. The rating remains constrained by the country ceiling.

This action does not affect the bank's D bank financial strength rating, Baa3/prime-3 long- and short-term local-currency deposit ratings, or the B1 foreign-currency subordinated debt rating for the bank's tier one capital notes.

The outlook remains stable.

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