NEW YORK (Standard&Poor's) Nov. 6, 2009--Standard&Poor's Ratings Services said today that it raised its issue-level rating on Coeur D'Alene Mines Corp.'s (B-/Positive/--) senior unsecured notes due 2024 and 2028 to 'B-' (the same as the corporate credit rating) from 'CCC+'. At the same time, Standard&Poor's revised the recovery rating on the notes to '4' from '5', indicating our expectation of average (30%-50%) recovery in the event of a payment default. The upgrade of the issue-level rating follows our latest assessment of the company's net enterprise value using our recovery rating methodology. Factoring in the combination of the value we believe is now attributable to the fully permitted Kensington mine and the improved reserve profile
