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Prospect News home > News index > List of issuers A > Headlines for ArcelorMittal SA > News item
Published on 5/14/2009 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

Fitch rates ArcelorMittal notes BBB+

Fitch Ratings said it assigned ArcelorMittal SA's prospective $2.25 billion unsecured unsubordinated note issues due 2015 and 2019 expected senior unsecured ratings of BBB+ and put the ratings on Rating Watch negative.

The long-term issuer default rating is BBB+. Ratings remain on Rating Watch negative.

Proceeds will be used to refinance and extend the tenor of existing group debt due over the next three years.


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