Home | Business News | Browse by Publication | B | Business Wire

Fitch Comments on the Absorption of Guatemala's Banco de Comercio by Banco Industrial.

Publication: Business Wire
Publication Date: 17-JAN-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MONTERREY & NEW YORK -- On Friday January 12th, the Guatemalan banking regulator ordered the suspension of activities of Banco de Comercio (Bancomer), a small-sized local bank which accounted for just over 1% of the system's assets, deposits and loans as of November 2006. On January 13, the regulator announced that Banco Industrial (BI) will absorb Bancomer's branch network and deposit base. Fitch Ratings maintains the following ratings on BI:

* Long-term Foreign and Local Currency Issuer Default Rating (IDR): 'BB';

* Short-term Foreign and Local Currency rating: 'B';

* Individual rating: 'D';

* Support rating: '3';

* National-scale ratings: 'AA-(gtm)' and 'F1(gtm)'.

* Outlook: Stable

With preliminary information as of...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from Business Wire
Principal Funds Debuts Larger, More Diverse Fund Offering with Complet..., January 17, 2007
Ohio Lt. Governor Lee Fisher To Speak in Cleveland Monday January 22 a..., January 17, 2007
Fitch Affirms Southwest Gas at 'BBB'; Outlook Stable., January 17, 2007
Mobile Ready Announces Acquisition of Branding Firm Complete Identity., January 17, 2007
J & J Snack Foods Schedules First Quarter Conference Call., January 17, 2007

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.