NEW YORK (Standard&Poor's) Aug. 19, 2005--Standard&Poor's Ratings Services raised its corporate credit and senior unsecured ratings on St. Petersburg, Fla.-based Jabil Circuit Inc. to 'BBB-' from 'BB+'. The outlook is stable. The electronics manufacturing services provider had about $589 million in total debt outstanding, including operating leases and securitizations, at May 2005. "The upgrade is based on Jabil's sustained, stable operating performance and expectations for continued moderate financial policies," said Standard&Poor's Lucy Patricola. Despite highly competitive industry conditions, Jabil has continued to expand its revenue base by about 20% for the 12 months ended May 31, 2005, while sustaining EBITDA margins and generating free cash flow. The company's growth strategies are expected to remain
