LONDON (Standard&Poor's) April 29, 2009--Standard&Poor's Ratings Services said today that it placed on CreditWatch with negative implications its 'BBB+' long-term corporate credit and debt ratings on Luxembourg-registered steel group ArcelorMittal and subsidiaries. At the same time, the 'BBB+' long-term and'A-2' short-term corporate credit ratings, and debt ratings, on finance subsidiary ArcelorMittal Finance were also placed on CreditWatch with negative implications. In addition, Standard&Poor's assigned its 'BBB+' senior unsecured debt rating to the €1.25 billion 7.25% convertible bond due April 1, 2014, issued by ArcelorMittal, and placed it on CreditWatch with negative implications. "The CreditWatch placement follows the publication by ArcelorMittal of extremely weak operating results for the three months to March 31, 2009," said
