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Fitch Affirms Rassini's IDRs at 'B+'; Outlook Revised to Positive

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed Rassini Automotriz, S.A. de C.V's (RA) foreign and local currency Issuer Default Ratings (IDRs) at 'B+'. The Rating Outlook was revised to Positive from Stable. The revision of the Outlook to Positive reflects Fitch's expectations for a further strengthening of RA's business profile over the intermediate term resulting from increased market penetration in both suspension systems and brakes. It also reflects a credit profile that should contin

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