U.S.-based Coeur Mining Inc. obtained a $100 million senior secured term loan maturing in 2020. The company will use the proceeds to repay an existing $50 million line of credit and for general corporate purposes. We are affirming our 'B' corporate credit rating on the company. We are assigning our 'BB-' issue-level rating to the proposed $100 million five-year term loan, with a recovery rating of '1'. At the same time, we are lowering our issue-level rating on the company's senior unsecured notes to 'B' from 'B+' and revising the recovery rating on the debt to '3' from '2'. The outlook remains stable based on the expectation that the company will maintain adequate liquidity over the next year. On June
