Leading manufacturer of retailer brand (private label) soft drinks Solid credit protection measures Integrated solution for retailers Decline in operating margin due to weakened operating performance Narrow product portfolio Customer concentration with top customer accounting for more than 40% of sales Seasonal sales Acquisitive Intense competition The ratings on Cott Corp. reflect its below-average business profile stemming from a narrow product portfolio, customer concentration, and small size in a sector dominated by companies with substantially greater financial resources. Furthermore, the company has experienced weaker-than-expected operating performance due to challenges with the company's U.S. business, which has resulted in a decline in operating margin. These factors are partially offset by Cott's solid credit protection measures and good market position as a