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Prospect News home > News index > List of issuers A > Headlines for Arcelor Mittal > News item
Published on 5/31/2012 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

S&P affirms ArcelorMittal

Standard & Poor's said it affirmed its BBB-/A-3 long- and short-term corporate credit ratings on ArcelorMittal and its guaranteed subsidiaries.

The outlook is negative.

The agency said the affirmation reflects its expectation that ArcelorMittal will be able to deleverage to bring its fully adjusted ratio of funds from operations to debt to 25% by mid-2013, which is commensurate with the BBB- rating.


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