S&P Raises Coeur D'Alene Mines Sub Debts to `B-' - S&P Global Ratings’ Credit Research

S&P Raises Coeur D'Alene Mines Sub Debts to `B-'

S&P Raises Coeur D'Alene Mines Sub Debts to `B-' - S&P Global Ratings’ Credit Research
S&P Raises Coeur D'Alene Mines Sub Debts to `B-'
Published Dec 13, 1995
Published Dec 13, 1995
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Abstract:

NY -- Standard&Poor's CreditWire 12/13/95 -- Standard&Poor's raises its rating on Coeur D'Alene Mines Corp.'s subordinated debt to single-`B'-minus from triple-`C'-plus. The outlook is stable. The upgrade follows the company's announced intention to convert its $75 million 7% subordinated debentures due 2002 to common stock. As a result, debt leverage will be reduced from about 60% to a more moderate 42%. Interest expense will be lowered by $5.3 million, reducing total interest burden by nearly one third. Further, Coeur D'Alene Mines announced that production has begun at its Fachinal, Chile, gold/silver mine ahead of schedule and under budget. Should this project achieve full production, it would provide the company with significant production diversity to its main

  
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MLA:
S&P Global Ratings’ Credit Research. "S&P Raises Coeur D'Alene Mines Sub Debts to `B-'" Dec 13, 1995. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Raises-Coeur-D-Alene-Mines-Sub-Debts-to-B-76128>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Raises Coeur D'Alene Mines Sub Debts to `B-' Dec 13, 1995. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Raises-Coeur-D-Alene-Mines-Sub-Debts-to-B-76128>
  
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