TORONTO (Standard&Poor's) June 26, 2008--Standard&Poor's Ratings Services today said it kept its ratings, including the 'B' long-term corporate credit rating, on Mississauga, Ont.-based beverage manufacturer Cott Corp. on CreditWatch with negative implications. The ratings were placed on CreditWatch Feb. 26. "We are keeping the ratings on CreditWatch because of Cott's weak operating performance and its recent announcement that its business strategy will now refocus on private label retailer brands," said Standard&Poor's credit analyst Lori Harris. In addition, management has announced changes to the board of directors and its expectation of C$39 million-C$43 million in cost savings from reduced headcount and lower operating expenses. While these actions should positively affect Cott's EBITDA, Standard&Poor's
