NEW YORK (Standard&Poor's) Nov. 17, 2014--Standard&Poor's Ratings Services today affirmed its 'A/A-2' rating on Indiana Finance Authority's $38 million environmental improvement revenue refunding bonds series 2006 due Aug. 1, 2030, and removed it from CreditWatch, where it was placed with negative implications Oct. 17, 2014. Today's rating action reflects the Nov. 7, 2014 affirmation of our long- and short-term issuer credit ratings on ArcelorMittal ('BB+/B'), the obligor, and the removal of the long-term rating from CreditWatch with negative implications. The long- and short-term components of our rating on the bonds are based on the joint credit and liquidity support provided by Banco Bilbao Vizcaya Argentaria ('BBB/A-2'), the letter of credit (LOC) provider, and ArcelorMittal ('BB+/B'), assuming
