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Research Update: ArcelorMittal Downgraded To 'BBB-' On Weak Credit Metrics; Outlook Stable

Published Nov 02, 2010

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About This Report

Abstract:

The recovery in the steel sector appears to have stalled, in our view, and the prospects for further improvements in the credit metrics of Luxembourg-registered steel group ArcelorMittal are less likely. We are lowering our long-term corporate credit ratings on ArcelorMittal and subsidiaries to 'BBB-' from 'BBB'. We are affirming our short-term ratings on ArcelorMittal at 'A-3'. The stable outlook reflects our opinion that ArcelorMittal's financial risk profile will not deteriorate further as steel markets have stabilized. On Nov. 2, 2010, Standard&Poor's Ratings Services lowered to 'BBB-' from 'BBB' its long-term corporate credit and issue ratings on Luxembourg-registered steel group ArcelorMittal and its guaranteed subsidiaries. At the same time, we affirmed the short-term ratings on ArcelorMittal at 'A-3'.

Report Type:

Research Update

Ticker

IST@NA

Issuer

ArcelorMittal

GICS

Steel (15104050)

Sector

Global Issuers, Structured Finance

Country

Luxembourg

Region

United States

Format:

HTML

ArcelorMittal – 2010/11/24 – US$ 500.00

Summary: ArcelorMittal – 2010/11/24 – US$ 225.00

Summary: ArcelorMittal – 2011/05/13 – US$ 225.00

Steel Group ArcelorMittal Outlook Revised To Negative On Weak Credit Metrics; 'BBB-/A-3' Ratings Affirmed – 2011/11/08 – US$ 150.00

Research Update: Steel Group ArcelorMittal Outlook Revised To Negative On Weak Credit Metrics; 'BBB-/A-3' Ratings Affirmed – 2011/11/08 – US$ 225.00

ArcelorMittal Downgraded To 'BBB-' On Weak Credit Metrics; Outlook Stable – 2010/11/02 – US$ 150.00

ArcelorMittal's New €3 Billion EMTN Program And Existing €3 Billion CP Program Rated 'BBB/A-3' And 'A-3', Respectively – 2010/02/25 – US$ 150.00

Research Update: ArcelorMittal's New €3 Billion EMTN Program And Existing €3 Billion CP Program Rated 'BBB/A-3' And 'A-3', Respectively – 2010/02/25 – US$ 225.00

ArcelorMittal Assigned 'A-3' Short-Term Rating; Long-Term Rating Unchanged At 'BBB'; Outlook Negative – 2010/02/19 – US$ 150.00

Research Update: ArcelorMittal Assigned 'A-3' Short-Term Rating; Long-Term Rating Unchanged At 'BBB'; Outlook Negative – 2010/02/19 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: ArcelorMittal Downgraded To 'BBB-' On Weak Credit Metrics; Outlook Stable" Nov 02, 2010. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ArcelorMittal-Downgraded-To-BBB-On-Weak-Credit-Metrics-Outlook-Stable-829266>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: ArcelorMittal Downgraded To 'BBB-' On Weak Credit Metrics; Outlook Stable Nov 02, 2010. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ArcelorMittal-Downgraded-To-BBB-On-Weak-Credit-Metrics-Outlook-Stable-829266>

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