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Fitch Affirms Motorola Solutions Ratings Following Tender Offer Announcement; Outlook Negative

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB' Issuer Default Rating (IDR) assigned to Motorola Solutions following the company's announced tender offer of up to $2 billion of share repurchases and $1 billion strategic investment from Silver Lake Partners (SLP). Fitch has revised the Rating Outlook to Negative from Stable. Fitch's actions affect approximately $6.5 billion of debt, including the company's undrawn $2 billion revolving credit facility (RCF) and pro forma for the $1

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