NEW YORK (Standard&Poor's) Nov. 17, 2014--Standard&Poor's Ratings Services today lowered its rating on Indiana Finance Authority's $51.48 million environmental improvement revenue refunding bonds series 2005 due June 1, 2035 to 'AA/A-1+' from 'AA+/A-1+'. The rating was removed from CreditWatch, where it was placed with negative implications on Oct. 17, 2014. Today's rating action reflects the Nov. 4, 2014 lowering of our long- and short-term issuer credit ratings on Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. ("Rabobank Nederland") (New York Branch), the letter of credit (LOC) provider, to 'A+/A-1' from 'AA-/A-1+', and 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
