Bank of Commerce , an affiliate of diversified conglomerate San Miguel Corporation , has been assigned an Issuer Credit Rating of PRS Aa plus , with a Stable Outlook, by Philippine Rating Services Corporation .
The Philippine Institute for Development Studies is backing the outgoing Duterte government’s fiscal consolidation program to bring back the debt-to-GDP ratio to its pre-pandemic level, and is recommending to the incoming administration to not reverse fiscal policies to ensure debt sustainability.
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