Issuer rating of ArcelorMittal

Long-term rating

Short-term rating

Outlook

Moody’s

Baa2

P-2

Stable

Standard & Poor’s

BBB

A-2

Stable

Moody’s

Date

Title

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04.12.2025

Moody's Ratings upgrades ArcelorMittal to Baa2; stable outlook

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19.02.2024

ArcelorMittal outlook changed to positive from stable; ratings affirmed at Baa3

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29.07.2022

First half results and acquisition of Brazilian Companhia

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09.08.2021

Moody's upgrades ArcelorMittal's ratings to Baa3; stable outlook

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20.05.2021

Moody's changes outlook on ArcelorMittal's ratings to positive; affirms Ba1

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08.05.2020

Moody's downgrades ArcelorMittal to Ba1, outlook stable

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08.11.2019

ArcelorMittal outlook changed to negative from stable; ratings affirmed at Baa3

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22.06.2018

ArcelorMittal upgraded to Baa3; outlook stable

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07.12.2017

ArcelorMittal outlook changed to positive from stable; ratings affirmed at Ba1

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24.02.2017

ArcelorMittal upgraded to Ba1, outlook stable

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16.08.2016

ArcelorMittal outlook changed to stable from negative; ratings affirmed at Ba2

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12.11.2015

ArcelorMittal downgraded to Ba2, outlook negative

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06.11.2012

ArcelorMittal downgraded to Ba1 outlook negative

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02.08.2012

ArcelorMittal rating affirmed at Baa3/P3; outlook negative

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Standard & Poor’s

Date

Title

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09.06.2025

ArcelorMittal upgraded to BBB, outlook stable

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16.06.2023

ArcelorMittal outlook revised to Positive ; 'BBB-/A-3' rating affirmed

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11.02.2021

ArcelorMittal outlook lowered to Stable; 'BBB-/A-3' ratings unchanged

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04.10.2019

ArcelorMittal outlook changed to negative; ratings affirmed at BBB-

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01.02.2018

ArcelorMittal upgraded to BBB-, outlook stable

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20.11.2017

ArcelorMittal outlook changed to positive; ratings affirmed at BB+

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24.05.2017

ArcelorMittal upgraded to BB+, outlook stable

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17.11.2016

ArcelorMittal outlook revised to positive; ‘BB’ ratings affirmed on stronger operating results

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18.12.2015

ArcelorMittal outlook revised to negative on weak steel markets and credit metrics; 'BB' ratings affirmed

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03.02.2015

ArcelorMittal downgraded to BB; outlook stable

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02.08.2012

ArcelorMittal downgraded to BB+, based on revised macro; outlook negative

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Fitch

Date 

Title

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23.09.2021

Fitch Upgrades ArcelorMittal to 'BBB-'; Outlook Stable

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26.03.2021

Fitch Revises MT's Outlook to Positive; Affirms IDR at 'BB+'

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08.04.2020

Fitch Downgrades ArcelorMittal S.A. to 'BB+'; Outlook Negative

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11.11.2019

Fitch Revises ArcelorMittal's Outlook to Negative; Affirms IDR at 'BBB-'

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13.07.2018

ArcelorMittal upgraded to BBB-; outlook stable

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28.07.2017

Fitch Revises ArcelorMittal's Outlook to Positive; Affirms IDR at 'BB+'

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13.04.2017

ArcelorMittal outlook revised to Stable; ratings affirmed at BB+ IDR

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16.11.2015

ArcelorMittal outlook changed to negative; ratings affirmed at BB+

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21.12.2012

ArcelorMittal downgraded to 'BB+' from 'BBB-', and its Short-term IDR to 'B' from 'F3'. The Outlook on the Long-term IDR is Stable.

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08.08.2012

ArcelorMittal SA's Long-Term Issuer Default (IDR) and senior unsecured ratings downgraded from BBB to BBB- with negative outlook, on challenging short-term outlook for steel markets

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