We are raising our corporate credit and senior unsecured issue ratings on U.S. electronic manufacturing services (EMS) provider Jabil Circuit to 'BBB-' from 'BB+', reflecting its improved business risk profile. We are withdrawing our recovery ratings on all outstanding senior unsecured debt, reflecting our ratings criteria for investment-grade issuers. The stable outlook reflects our expectation that Jabil will sustain consistent profitability, with adjusted leverage below 2x over the intermediate term, and moderate financial policies. NEW YORK (Standard&Poor's) Dec. 10, 2012--Standard&Poor's Rating Services today raised its corporate credit and senior unsecured issue ratings on St. Petersburg, Fla.-based Jabil Circuit Inc. to 'BBB-' from 'BB+'. We also withdrew our recovery ratings on all outstanding senior unsecured debt. The
