Recent acquisitions and cost reductions have led to improved prospects for Coeur Mining Inc.'s cash flow generation and liquidity profile, despite lower metals prices. As a result, we are revising our assessment of Coeur Mining Inc.'s liquidity to strong from adequate. We are upgrading Coeur Mining Inc. to 'B+' from 'B' to reflect the company's strong liquidity assessment. At the same time, we are raising our issue-level rating on the company's senior secured debt to 'BB' from 'BB-'. The '1' recovery rating on the senior secured notes is unchanged. We are also raising our issue-level rating on the company's senior unsecured debt to 'B+' from 'B'. The '3' recovery rating on the senior unsecured notes is unchanged. The outlook is
