Fitch rates ArcelorMittal notes BBB

Fitch Ratings said it assigned ArcelorMittal SA's $1 billion 30-year notes issue a final senior unsecured rating of BBB.

The outlook is negative.

This follows a review of final documents. The rating is in line with the company's long-term issuer default rating and senior unsecured ratings of BBB.

The company plans to use the net proceeds for general corporate purposes and to extend the tenor of existing group debt, Fitch said.

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