MOSCOW (Standard&Poor's) Feb. 12, 2009--Standard&Poor's Ratings Services said today it revised its outlook on Luxembourg-registered steel group ArcelorMittal to negative from stable, following the sharp deterioration of conditions in the steel industry. The 'BBB+' long-term corporate credit rating was affirmed. "The outlook revision reflects our view that the current macroeconomic and steel industry environment increases the company's downside risks," said Standard&Poor's credit analyst Elena Anankina. The global industry environment remains challenging, and ArcelorMittal is not immune to industry pressures. In the fourth quarter of 2008, the company cut production by 33% across all regions, and its EBITDA fell significantly to $2.8 billion compared with $8.7 billion in third-quarter 2008 at the peak of the
