Remy International, Inc. Announces S&P rating upgrade -, NewsCenter17, StormCenter17, Central Illinois News-

Remy International, Inc. Announces S&P rating upgrade

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact

SOURCE Remy International, Inc.

PENDLETON, Ind., May 9, 2014 /PRNewswire/ -- Remy International, Inc. (NASDAQ: REMY) announced today that Standard & Poor's (S&P) Ratings Services has upgraded Remy's corporate credit rating from B+ to BB- on improved financial metrics.  S&P cited, "Remy International, Inc.'s financial metrics continue to improve, reflecting its leading position in North America as a supplier of starters and alternators to original equipment manufacturers and the aftermarket."

"We are pleased that S&P recognized the significant progress Remy made in strengthening its cash metrics, acknowledged its leading market positions and supported its key growth strategies,"  said Jay Pittas, president and chief executive officer of Remy.

About Remy International, Inc.

Founded by the Remy Brothers in 1896, Remy International, Inc. is a leading global manufacturer and remanufacturer of alternators, starter motors and electric traction motors. Headquartered in Pendleton, IN, with global operations across five continents and 10 countries, Remy International markets products under the Delco Remy®, Remy®, World Wide Automotive® and USA Industries® brands. Known for innovation, efficiency, quality, and best-in-class customer service and support, Remy International's products are integrated by leading industrial, specialty, automotive and heavy-duty OEMs, and aftermarket providers worldwide. We Start the World & Keep It RunningTM.

Contact:  Fred Knechtel, 765-778-6871,

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow

904 South Side Drive
Decatur, IL 62521
Primary Phone: 217-424-2500
Primary Email:

All content © Copyright 2000 - 2014, WorldNow and WAND. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms