Published May 12, 2021, 3:12 PM Bank of Commerce (BankCom), the banking affiliate of San Miguel Corporation (SMC), was assigned an Issuer Credit Rating of PRS Aa (corp.), with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). A company rated PRS Aa (corp.) differs from the highest rated corporates only to a small degree, and has a strong capacity to meet its financial commitments relative to that of other Philippine corporates. A Stable Outlook indicates that a rating is likely to be maintained in the next 12 months. PhilRatings said the assigned issuer rating takes into account BankCom’s well-defined growth strategy, but which brings keen competition from bigger and more established rivals, while BankCom continues to be a mid-size bank.