Fitch has affirmed Bantrab Senior Trust's (BST) Long-Term Rating at 'B+'/'RR4'.
Bantrab has improved its risk controls by strengthening its internal management control framework.
is a private institution owned 99.9% by individual workers, with the government of Guatemala holding a 0.1% stake.
In line with the rating actions on Bantrab, Fitch has affirmed Bantrab Senior Trust's (BST) Long-Term Rating at 'B+'/'RR4'.
Fitch affirmed Fintrab's National scale ratings since they are driven by support from Bantrab.
Bantrab's risk appetite and capitalization highly influence its ratings.
In addition, Moody's affirmed the Ba3/Not Prime local and foreign currency deposit ratings of Bantrab. The bank's baseline credit assessment (BCA) is maintained at b1.
Ba3 foreign currency senior unsecured debt rating of Bantrab Senior Trust, a Cayman Island-based trust whose issuance of senior notes is guaranteed by Bantrab.
The following rating was assigned to Bantrab Capital Notes Trust:
Under the terms of the proposed offering memorandum, the notes will pay interest semi-annually in arrears equivalent to the amount due and owing from Bantrab under the senior loan.
Moody's said that the Ba3 foreign currency senior unsecured debt rating assigned to Bantrab Senior Trust's proposed notes is based on the bank's
Fitch believes that if Bantrab
's structural changes consolidate and yield positive, material and sustainable results in terms risk management, while maintaining its financial profile a positive rating action could be triggered.