Moody's lifts Motorola view to stable

Moody's Investors Service said it affirmed Motorola Solutions, Inc.'s Baa3 senior unsecured rating and revised its outlook to stable from negative.

The ratings reflect an expectation that Motorola's solid operating performance will continue and the company will drive financial leverage to less than 3.5x by year-end 2019 through a combination of earnings growth and debt repayment, Moody's said.

Motorola is on track to fully repay the $800 million debt incurred to finance the March 2018 Avigilon acquisition, the agency said.

The ratings are supported by Motorola's very strong business profile, leading position in the communications equipment business, broad geographic and product diversification and solid cash generation, Moody's said.

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