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. On Dec. 10, 2012, Standard&Poor's Rating Services 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 outlook is stable. The
