Moody's: BlackBerry's troubles do not affect Jabil Circuit's and Brightstar's ratings

New York, October 07, 2013 -- A scenario in which BlackBerry Ltd. exits the smartphone handset market would be credit negative for its major manufacturing partner, Jabil Circuit Inc., and distributor, Brightstar Inc., but would not affect either of those company's ratings, Moody's Investors Service says in a new report. With Jabil looking to end its manufacturing relationship with BlackBerry and BlackBerry's reporting a $965 million net loss in the second quarter, and given that the handset market requires significant scale to be competitive, Moody's believes the probability that BlackBerry Ltd. will quit the handset market is growing.

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