NEW YORK (S&P Global Ratings) Aug. 9, 2016--S&P Global Ratings today raised its issue-level rating on Coeur Mining Inc.'s senior unsecured notes to 'BB-' from 'B+'. We revised the recovery rating on the notes to '2' from '3'. The '2' recovery rating indicates our expectation for substantial (70% to 90%; higher end of the range) recovery of principal and interest in the event of a payment default. The recovery rating revision reflects the company's $100 million debt repayment on its senior secured term loan due 2020 using proceeds from its recent $75 million equity offering as well as cash on hand. In conjunction with this rating action, we will withdraw our rating on the company's senior secured term loan. For
