NEW YORK (Standard&Poor's) Nov. 14, 2008--Standard&Poor's Ratings Service today placed its ratings, including its 'B–' corporate credit rating, on Coeur d'Alene, Idaho-based Coeur d'Alene Mines Corp. on CreditWatch with negative implications. "The CreditWatch placement follows our assessment that Coeur d'Alene's currently strained liquidity position will worsen dramatically over the next few quarters," said Standard&Poor's credit analyst Sherwin Brandford. "This will create a significant funding gap beginning in the first quarter of 2009 as the company continues to spend aggressively on the development of its new San Bartolome and Palmarejo mines." As a result, we expect the company's cash balances to decrease in the near term. In addition, the company's is in danger of being
