...April 10, 2023 NEW YORK (S&P Global Ratings) April 10, 2023--S&P Global Ratings today assigned its '###-' issue-level rating to global outsourced manufacturing services and solutions provider Jabil Inc.'s proposed senior unsecured notes. The company intends to use the proceeds from this issuance for general corporate purposes, including to repay its $300 million senior notes due 2023. The '###-' rating reflects the immaterial amount of priority and secured debt in Jabil's capital structure and the notes' unsecured senior ranking. All of our ratings on Jabil, including our '###-' long-term issuer credit rating and 'A-3' short-term and commercial paper ratings, are unchanged. The ratings reflect the company's leading market position, global manufacturing scale, and generally countercyclical cash flow generation. Our ratings also incorporate the company's focus on higher-margin and faster-growing markets, which supports the diversification of its end-market exposure. Its key credit risks include...
