NEW YORK (Standard&Poor's CreditWire) May 8, 2001--Standard&Poor's today assigned its double-'B'-minus rating to Jabil Circuits Inc.'s $300 million convertible subordinated note issue. In addition, Standard&Poor's affirmed its double-'B'-plus corporate credit and bank loan ratings on Jabil. The outlook is stable. Ratings on St. Petersburg, Fla.-based Jabil Circuits continue to reflect its top-tier industry position and moderate financial profile, offset by challenges associated with high customer concentration in the cyclical electronics industry. Jabil Circuits Inc. is a leading provider of electronic manufacturing services (EMS) to such leading original equipment manufacturers as Cisco Systems Inc., Dell Computer Corp., and Hewlett-Packard Corp. Jabil's emphasis on customer focus and strong customer relationships are key differentiators in its strategic
