Fitch Affirms Motorola Solutions' IDR At 'BBB'; Outlook Stable

(RTTNews) - Fitch Ratings said Tuesday that it has affirmed the Issuer Default Rating for Motorola Solutions, Inc. (MSI) at 'BBB'.

Fitch also rates the $1.4 billion senior notes issuance at 'BBB'.

The Rating Outlook is Stable.

Motorola Solutions will issue $1.4 billion of senior unsecured notes and use $1 billion of net proceeds for general corporate purposes, including funding pension obligations. The company will use the remaining net proceeds to redeem $400 million of 6% senior notes due 2017 under a make-whole provision.

Fitch said the ratings and Outlook reflect its expectations for more stable long-term operating performance pro forma for the Enterprise segment sale.