NEW YORK (Standard&Poor's) Jan. 27, 2009-- Standard&Poor's Ratings Services said today that it lowered its ratings on Coeur D'Alene, Idaho-based Coeur D'Alene Mines Corp. The corporate credit rating was lowered to 'CCC' from 'B-'. In addition, Standard&Poor's lowered the issue-level rating on the company's $60 million senior secured convertible notes to 'CCC' (at the same level as the 'CCC' corporate credit rating) from 'B', and revised the recovery rating on this debt to '3', indicating our expectation of meaningful (50% to 70%) recovery in the event of a payment default, from '2'. Standard&Poor's also lowered the issue-level rating on the company's $180 million and $230 million senior unsecured convertible notes to 'CC'
