Z F Steering Gear (India) announced that ICRA has placed the credit ratings of the company on 'rating watch' with developing implications.
Term loan (Rs 50 crore) - ICRA A+; placed on rating Watch with developing implication
Long term fund based (Rs 4 crore) - ICRA A+; placed on rating Watch with developing implication
Short term non fund based (Rs 11.6 crore) - ICRA A1+; placed on rating Watch with developing implication
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