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

Research Update: Cott Corp. Remains On Watch Negative On Weak Operations And Revised Strategy

Published Jun 26, 2008

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Abstract:

On June 26, 2008, Standard&Poor's Ratings Services 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. 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 requires more detailed information about how this plan will be implemented and its

Report Type:

Research Update

Ticker

BCB@CN

Issuer

Cott Corp.

GICS

Soft Drinks (30201030)

Sector

Global Issuers

Country

Canada

Region

Canada

Format:

HTML

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Research Update: Cott Corp. On CreditWatch Negative On Potential Decline In U.S. Carbonated Soft Drink Sales – 2008/02/26 – US$ 225.00

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

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: Cott Corp. Remains On Watch Negative On Weak Operations And Revised Strategy" Jun 26, 2008. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Cott-Corp-Remains-On-Watch-Negative-On-Weak-Operations-And-Revised-Strategy-656424>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Cott Corp. Remains On Watch Negative On Weak Operations And Revised Strategy Jun 26, 2008. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Cott-Corp-Remains-On-Watch-Negative-On-Weak-Operations-And-Revised-Strategy-656424>

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