NY -- Standard&Poor's CreditWire 10/14/97 -- Standard&Poor's today lowered its ratings on Coeur D'Alene Mines. The company's corporate credit rating has been lowered to single-'B' from single-'B'-plus, its subordinated debt rating to triple-'C'-plus from single-'B'-minus, and its preferred stock rating to triple-'C'-plus from single-'B'-minus. The ratings outlook is negative. These actions follow the company's recent announcement that it has issued $125 million in convertible subordinated debentures (today assigned a triple-'C'-plus rating), which increased debt leverage on a pro forma basis to an aggressive 47% from the 37% posted as of June 30, 1997. Moreover, the company's operating results, including production levels and cash costs, have continue to lag expectations. As a result, interest coverage measures are
