State-controlled IDBI Bank on Thursday said that S&P Global Ratings has affirmed credit watch with negative implications on the long term and short term issuer credit ratings.
“S&P Global Ratings has vide their bulletin dated November 15, 2018 affirmed 'BB' long term and 'B' short term issuer credit ratings on the bank to remain on credit watch with negative implications due to uncertainty regarding the Bank's ability to meet its capital requirements in the near term as timing of LIC deal is still uncertain,” IDBI Bank said in a filing to the Bombay Stock Exchange.