NEW YORK (Standard&Poor's) June 18, 2014--Standard&Poor's Ratings Services today raised its rating on Indiana Finance Authority's $38 million environmental improvement revenue refunding bonds series 2006 (for the Mittal Steel USA Inc. project) due Aug. 1, 2030, to 'A/A-2' from ' A-/A-2'. Today's rating actions reflect the June 4, 2014, raising of our long- and short-term issuer credit ratings on Banco Bilbao Vizcaya Argentaria S.A. to 'BBB/A-2' from 'BBB-/A-3'. The long- and short-term components of our rating on the bonds are based on the joint support provided by Banco Bilbao Vizcaya Argentaria S.A., the letter of credit (LOC) provider, and ArcelorMittal ('BB+/B'), the obligor, assuming a low correlation level between the LOC provider and obligor. The long-term
