China Banking Corp. (China Bank) secured its highest credit rating of PRS Aaa from the Philippine Rating Services Corp. (PhilRatings) on Wednesday, a day after Fitch Ratings lowered its credit outlook from stable to negative, despite affirming the bank’s “BB+” rating. In a statement disclosed by the Sy-led lender, PhilRatings explained that “a company rated PRS Aaa (corp.) has a very strong capacity to meet its financial commitments relative to that of other Philippine corporates.” The rating, it said, carries has a stable outlook, which indicates that it is likely to be maintained in the next 12 months. The local credit rater added that the rating took into account, among others, “China Bank’s established track record in the banking industry, and strong and experienced owners who have navigated the bank through various changes in the economic environment” China Bank shares dropped by 4 centavos or 0.20 percent to close at P19.68 each on Wednesday.