Fitch rates Motorola notes BBB

Fitch Ratings said it assigned a BBB rating to Motorola Solutions, Inc.'s $500 million of 10-year senior notes offering.

Fitch's actions affect $3.9 billion of total debt, including the undrawn $1.5 billion revolving credit facility.

The outlook is stable.

Fitch said the ratings and outlook reflect its expectations for overall solid operating performance over the near term, despite macroeconomic headwinds.

Motorola Solutions is on track to achieve mid-single-digit annual revenue growth through the intermediate-term, driven by broad-based strength within the government segment, the agency said.

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