NEW YORK (Standard&Poor's) March 19, 2009--Standard&Poor's Ratings Services said today that it raised its issue-level rating on Coeur D'Alene Mines Corp.'s senior unsecured convertible notes due 2024 and 2028 to 'CCC-' (one notch below the corporate credit rating on the company) from 'CC' and revised the recovery rating to '5' from '6'. At the same time, we withdrew our ratings on the company's $60 million senior secured convertible notes ($60 million is the remaining balance of the notes after accounting for $15 million previously converted). The revised recovery rating indicates our expectation of modest (10% to 30%) recovery in the event of a payment default. (For the complete recovery analysis, see the recovery report on Coeur
