NY -- Standard&Poor's CreditWire 6/5/97 -- Standard&Poor's today has assigned its single-'B'-plus rating to Cott Corp.'s US$125 million senior unsecured notes due 2007. The majority of proceeds from this financing are expected to be used for equipment purchases, plant building, and bank debt refinancing. Also, Standard&Poor's has affirmed its double-'B'-minus corporate credit rating and single-'B'-plus senior unsecured debt rating on the company. The rating outlook is stable. Total debt outstanding at Jan. 25, 1997 was about C$300 million. Ratings reflect the Canadian-based Cott's below average business risk profile, participation in the somewhat mature and highly competitive soft drink markets, and high debt leverage appropriate for the rating category. Cott is the leading supplier and
