We are assigning our 'BBB/A-3' debt ratings to a new €3 billion EMTN program issued by Luxembourg-registered steel group ArcelorMittal. In addition, we are assigning our 'A-3' debt rating to ArcelorMittal's existing €3.0 billion CP program. We are also withdrawing our existing 'A-3' short-term corporate credit and debt ratings on subsidiary ArcelorMittal Finance at the parent company's request. The 'BBB' long-term corporate credit rating and negative outlook on ArcelorMittal and ArcelorMittal Finance, along with the 'A-3' short-term corporate credit rating on ArcelorMittal, are unchanged. LONDON (Standard&Poor's) Feb. 25, 2010--Standard&Poor's Ratings Services said today that it took the following rating actions on Luxembourg-registered steel group ArcelorMittal and its finance subsidiary ArcelorMittal Finance: ArcelorMittal Assigned its 'BBB' long-term
