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Published on 6/12/2009 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

Fitch rates ArcelorMittal bond BBB

Fitch Ratings said it assigned ArcelorMittal SA's euro-denominated bond issues final senior unsecured ratings of BBB. The aggregate amount of €2.5 billion is split into two issues: €1.5 billion due in 2013 and €1 billion due in 2016. The ratings are in line with the company's long-term issuer default rating of BBB.

The outlook is stable.


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