Thomson ReutersJanuary 11, 2013 12:15
* Junk ratings with Fitch, Moody's, S&P
* Moody's set $5 bln debt reduction target in Aug
* Moody's demands more debt cut to avoid further cut
* Fitch sees limited upgrade scope for two years
By Philip Blenkinsop
BRUSSELS, Jan 11 (Reuters) - Having danced to the credit rating agencies' tune to no avail, ArcelorMittal, the world's largest steelmaker, looks likely to ignore the chorus for more debt cuts, reconciled to its "junk" status for now.