Coeur D'Alene Mines Corp. Ratings Raised After Debt Restructuring; Outlook Negative - S&P Global Ratings’ Credit Research

Coeur D'Alene Mines Corp. Ratings Raised After Debt Restructuring; Outlook Negative

Coeur D'Alene Mines Corp. Ratings Raised After Debt Restructuring; Outlook Negative - S&P Global Ratings’ Credit Research
Coeur D'Alene Mines Corp. Ratings Raised After Debt Restructuring; Outlook Negative
Published Nov 21, 2002
Published Nov 21, 2002
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Nov. 21, 2002--Standard&Poor's Ratings Services said today that it has raised its corporate credit rating on silver and gold mining company Coeur D'Alene Mines Corp. to 'CCC' from 'SD' (selective default), following the completion of the company's debt restructuring and Standard&Poor's subsequent review. Standard&Poor's said that at the same time it has raised its ratings on the company's 6.375% and 7.25% convertible subordinated debentures to 'CCC' from 'D'. The current outlook is negative. Since beginning its debt restructuring, Coeur has reduced its debt by $80 million to $105 million at Sept. 30, 2002. "However," said Standard&Poor's credit analyst Paul Vastola, "refinancing risk is significant, as the company

  
Report Type:

Ratings Action

Ticker
Issuer
Sector
Global Issuers
Country
Region
Format:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Coeur D'Alene Mines Corp. Ratings Raised After Debt Restructuring; Outlook Negative" Nov 21, 2002. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Coeur-D-Alene-Mines-Corp-Ratings-Raised-After-Debt-Restructuring-Outlook-Negative-277100>
  
APA:
S&P Global Ratings’ Credit Research. (). Coeur D'Alene Mines Corp. Ratings Raised After Debt Restructuring; Outlook Negative Nov 21, 2002. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Coeur-D-Alene-Mines-Corp-Ratings-Raised-After-Debt-Restructuring-Outlook-Negative-277100>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.