NEW YORK (Standard&Poor's CreditWire) June 28, 2001--Standard&Poor's today lowered its corporate credit rating for Coeur D'Alene Mines Corp. to double-'C' from single-'B'-minus and lowered its ratings on the firm's 6.375% convertible subordinated notes due 2004 and 7.25% convertible subordinated notes due 2005 to single-'C' from triple-'C'. In addition, Standard&Poor's affirmed its triple-'C' rating on Coeur D'Alene's 6% convertible subordinated notes due 2002. At the same time, Standard&Poor's placed all of its ratings on the company on CreditWatch with negative implications (see list below). These actions follow the company's recent filing of a proposal to exchange its 6.375% and 7.25% convertible subordinated notes for new convertible subordinated notes that have a par value
