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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (33560)	11/23/2002 11:47:39 AM
From: Malyshek	Respond to of 59879

CDE debt--item taken from link to "News" on CDE thread on Lycos (Raging Bull). FYI. (The following statement was released by the rating agency) NEW YORK, Nov 21 - Standard & Poor's Ratings Services said today that it has raised its corporate credit rating on silver and gold mining company Coeur D'Alene Mines Corp. (NYSE:CDE) to 'CCC' from 'SD' (selective default), following the completion of the company's debt restructuring and Standard & Poor's subsequent review. Standard & Poor's said that at the same time it has raised its ratings on the company's 6.375% and 7.25% convertible subordinated debentures to 'CCC' from 'D'. The current outlook is negative. Since beginning its debt restructuring, Coeur has reduced its debt by $80 million to $105 million at Sept. 30, 2002. "However," said Standard & Poor's credit analyst Paul Vastola, "refinancing risk is significant, as the company faces maturities in January 2004 and October 2005 on portions of the debt that was not subject to exchange." Standard & Poor's said that its ratings on Coeur reflect its limited liquidity, near-term refinancing risk and its high cost position. Complete ratings information is available to subscribers of RatingsDirect, Standard & Poor's Web-based credit analysis system, at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com; under Fixed Income in the left navigation bar, select Credit Ratings Actions. Copyright 2002, Reuters News Service