NEW YORK (Standard&Poor's) Nov. 15, 2006--Standard&Poor's Ratings Services said today that its ratings on St. Petersburg, Fla.-based Jabil Circuit Inc. (BBB-/Stable/--) currently are not affected by the company's announcement that it has not met its filing deadline for its 2006 10-K, and that it will restate its 2005 financial statements because of ongoing special reviews of stock option granting practices. Jabil's liquidity, with cash balances of $855 million as of May 31, 2005 exceeding total funded debt of $331 million, should cushion any risks from delayed filings. Still, should Jabil be unable to file within the filing extension, or if restatements are material, the rating could be placed on CreditWatch with negative implications for further review.
