NEW YORK (Standard&Poor's CreditWire) Aug. 1, 2001--Standard&Poor's today lowered its corporate credit rating on Coeur D'Alene Mines Corp. to 'SD' from double-'C' and lowered its ratings on the firm's 6-3/8% convertible subordinated notes due 2004 and its 7-1/4% convertible subordinated notes due 2005 to 'D' from single-'C'. The ratings are removed from CreditWatch where they were placed on June 28, 2001. Standard&Poor's triple-'C' rating on Coeur's 6% convertible subordinated notes due 2002 remains on CreditWatch with negative implications (see list below). The rating actions follow the company's recent completion of the exchange offer of its 6-3/8% and 7-1/4% convertible subordinated notes with new convertible subordinated notes that have a value significantly less than par.
