Research Update: Cott Corp. Downgraded To 'B' From 'B+' On Expected DSS Group Inc. Acquisition And Associated Financing - S&P Global Ratings’ Credit Research

Research Update: Cott Corp. Downgraded To 'B' From 'B+' On Expected DSS Group Inc. Acquisition And Associated Financing

Research Update: Cott Corp. Downgraded To 'B' From 'B+' On Expected DSS Group Inc. Acquisition And Associated Financing - S&P Global Ratings’ Credit Research
Research Update: Cott Corp. Downgraded To 'B' From 'B+' On Expected DSS Group Inc. Acquisition And Associated Financing
Published Dec 03, 2014
8 pages (2893 words) — Published Dec 03, 2014
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We are lowering our ratings on Cott Corp., including our long-term corporate rating on the company to 'B' from 'B+', reflecting the expected acquisition of DSS Group Inc. (parent of DS Services of America Inc.; B/Stable/--) and associated financing. At the same time, we are removing all our ratings on the company from CreditWatch where they had been placed with negative implications Nov. 6, 2014. We are also assigning our 'B-' issue-level rating and '5' recovery rating to Cott's proposed US$615 million unsecured notes due 2019. The ratings reflect our view of the company's modest positions in the mature carbonated soft drink and juice markets and good market positions in U.S. home and office water delivery from the expected acquisition

  
Brief Excerpt:

...We are lowering our ratings on Cott Corp., including our long-term corporate rating on the company to 'B' from 'B+', reflecting the expected acquisition of DSS Group Inc. (parent of DS Services of America Inc.; B/Stable/--) and associated financing....

  
Report Type:

Research Update

Ticker
BCB@CN
Issuer
Cott Corp.
GICS
Soft Drinks (30201030)
Sector
Global Issuers
Country
Canada
Region
Canada
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Cott Corp. Downgraded To 'B' From 'B+' On Expected DSS Group Inc. Acquisition And Associated Financing" Dec 03, 2014. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Cott-Corp-Downgraded-To-B-From-B-On-Expected-DSS-Group-Inc-Acquisition-And-Associated-Financing-1372876>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Cott Corp. Downgraded To 'B' From 'B+' On Expected DSS Group Inc. Acquisition And Associated Financing Dec 03, 2014. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Cott-Corp-Downgraded-To-B-From-B-On-Expected-DSS-Group-Inc-Acquisition-And-Associated-Financing-1372876>
  
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