Fitch: Motorola unchanged

Fitch Ratings said that Motorola Inc.'s issuer default rating of BBB-, senior secured revolving credit facility of BBB, senior unsecured notes of BBB- and short-term issuer default rating and commercial paper program of F3 are unaffected by the proposed sale of its networks division.

The outlook is negative.

Pro forma for the results of the recently concluded tender offer, Motorola's total debt was $4.9 billion, including the assumption of a fully drawn $1.5 billion revolving credit facility, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.