NEW YORK (Standard&Poor's) Feb. 5, 2013--Standard&Poor's Ratings Services said today that its 'BBB-' corporate credit and other ratings and stable outlook on St. Petersburg, Fla.-based Jabil Circuit Inc. remain unchanged following the company's recent announcement that it has agreed to acquire Nypro Inc. for approximately $665 million. Nypro manufactures precision plastic products in the healthcare, packaging, and consumer electronics industries. We view this acquisition as consistent with Jabil's strategic goal of expanding its presence in the healthcare market. The current rating incorporates our expectation that Jabil will use cash balances and cash flow primarily to invest in growth opportunities. As of Nov. 30, 2012, Jabil had cash balances of $1.0 billion. Although the proposed acquisition may
