Home Credit Ratings and Research S&P Global Ratings’ Credit Research Cott Corp.

Research Update: Cott Corp. On CreditWatch Developing On Its Possible Participation In Industry Consolidation

Published Apr 16, 2007

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Abstract:

On April 16, 2007, Standard&Poor's Ratings Services placed its 'B+' long-term corporate credit and 'B-' subordinated debt ratings on Toronto-based beverage provider Cott Corp. on CreditWatch with developing implications. Developing implications mean that the ratings could be raised, lowered, or affirmed, depending on the outcome of Standard&Poor's review. The CreditWatch listing follows Cott's decision to explore its possible participation in industry consolidation. Although a potential suitor for Cott has not been named, the company's announcement followed the recent statement by Cadbury Schweppes PLC (BBB/Watch Dev/A-2) regarding the separation of its confectionary and Americas Beverages businesses to maximize shareholder value. Even though the combination of the two companies' beverage businesses has been speculated on by outside parties,

Report Type:

Research Update

Ticker

BCB@CN

Issuer

Cott Corp.

GICS

Soft Drinks (30201030)

Sector

Global Issuers

Country

Canada

Region

Canada

Format:

HTML

Cott Corp. Remains On Watch Developing On Weak Second-Quarter Results – 2007/07/20 – US$ 150.00

Research Update: Cott Corp. Still On CreditWatch Developing On Weak Second-Quarter Results – 2007/07/20 – US$ 225.00

Cott Corp. CreditWatch To Negative From Developing On Expected Weak 2007 Operating Income – 2007/10/02 – US$ 150.00

Research Update: Cott Corp. CreditWatch Placement Revised To Negative On Expected Weak 2007 Operating Income – 2007/10/02 – US$ 225.00

Cott Corp. Off Watch, CCR Lowered To 'B' On Weak Financial Performance; Outlook Negative – 2007/10/25 – US$ 150.00

Cott Corp. Ratings On Watch Developing On Potential Participation In Industry Consolidation – 2007/04/16 – US$ 150.00

Cott Corp. – 2007/04/10 – US$ 500.00

Summary: Cott Corp. – 2007/04/10 – US$ 225.00

Cott Corp. Downgraded On Challenges Including Lower Profitability And Inefficient Operations – 2007/02/02 – US$ 150.00

Research Update: Cott Corp. Ratings Lowered On Challenges Including Lower Profitability, Inefficient Operations – 2007/02/02 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: Cott Corp. On CreditWatch Developing On Its Possible Participation In Industry Consolidation" Apr 16, 2007. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Cott-Corp-On-CreditWatch-Developing-On-Its-Possible-Participation-In-Industry-Consolidation-573120>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Cott Corp. On CreditWatch Developing On Its Possible Participation In Industry Consolidation Apr 16, 2007. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Cott-Corp-On-CreditWatch-Developing-On-Its-Possible-Participation-In-Industry-Consolidation-573120>

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