Fitch affirms Motorola Solutions at 'BBB'; outlook stable

Fitch Ratings has affirmed Motorola Solutions, Inc.'s Issuer Default Rating (IDR) at 'BBB,' with a revised outlook designated as positive, reflecting improved financial metrics and operational performance. The rating agency cited the company's strong market position in mission-critical communications and public safety solutions, alongside disciplined capital allocation and consistent free cash flow generation, as key factors supporting the affirmation. Fitch noted that Motorola Solutions' leverage ratios have trended below its three-year average, aligning with its target of maintaining a debt-to-EBITDA ratio below 2.5x. While the company faces moderate exposure to macroeconomic and supply-chain risks, its diversified end markets and robust order backlog provide resilience. The positive outlook underscores Fitch's expectation of further credit profile strengthening, contingent on sustained profitability and prudent debt management. Investors are advised to monitor the company's progress in executing strategic initiatives and navigating sector-specific challenges, including regulatory shifts and competitive dynamics in the public safety technology space.