S&P cuts Cott view to stable

Standard & Poor's said it revised its outlook on Cott Corp. to stable from positive and affirmed the ratings on the company.

S&P said the outlook revision follows Cott's recent announcement of its fourth-quarter 2004 financial performance, which was weaker than expected due to challenges with the company's U.S. business.

The ratings on Cott reflect its below-average business profile stemming from a narrow product portfolio, customer concentration, currently insufficient manufacturing capacity, and small size in a sector dominated by companies with substantially greater financial resources. These factors are partially offset by Cott's solid credit protection measures and good market position as a private label manufacturer and marketer of take-home carbonated soft drinks, the agency said.

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