Standard&Poor's recently lowered its corporate credit rating on Coeur D'Alene Mines Corp. to 'SD' and lowered its ratings on the firm's 6-3/8% convertible subordinated notes due 2004 and its 7-1/4% convertible subordinated notes due 2005 to 'D'. Standard&Poor's triple-'C' rating on Coeur's 6% convertible subordinated notes due 2002 remains on CreditWatch with negative implications. The rating actions followed the company's recent completion of the exchange offer of its 6-3/8% and 7-1/4% convertible subordinated notes with new convertible subordinated notes that have a value significantly less than par. As a result of the exchange offer, the company has reduced its outstanding long-term debt by approximately $40.6 million. Standard&Poor's is reassessing Coeur's credit quality by considering
