Fitch rates Motorola notes BBB-

Fitch Ratings said it assigned a BBB- rating to Motorola Solutions. Inc.'s senior unsecured debt issuance.

The outlook is stable.

Motorola announced a tender offer and associated $650 million 4.60% senior unsecured 10-year issuance for higher coupon and near-dated securities, Fitch said.

To the extent issuance proceeds are used to pay premiums on tendered higher coupon securities, the transaction will be modestly leveraging, the agency said.

However, Motorola's leverage profile has continued to moderate given repayment of debt associated with its acquisition of Avigilon and solid operating performance, Fitch said.

The company has a BBB- issuer default rating and issue ratings.

The ratings reflect the company's operational performance, which has been in line with expectations, the agency said.

The ratings also consider the company's delivery on its commitment to repay acquisition debt associated with the Avigilon transaction, Fitch said.

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