Motorola Solutions (MSI) Tops Q2 EPS by 14c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 11/5/2026
Go back to Motorola Solutions (MSI) Tops Q2 EPS by 14c
August 5, 2015 11:23 AM EDT
Moody's Investors Service ("Moody's") downgraded Motorola Solutions (NYSE: MSI) senior unsecured rating to Baa3 from Baa2. The downgrade was driven by the proposed $1 billion increase in debt and $2 billion share repurchase plan. The ratings outlook was changed to negative from stable.
Ratings Rationale
The Baa3 senior unsecured rating reflects high leverage pro forma for the convertible note issuance and relatively aggressive financial policies . The rating is supported by MSI's very strong business profile which to some degree mitigates the high leverage. MSI's pro forma leverage would however be an outlier among Baa rated... More
August 5, 2015 7:09 AM EDT
Motorola Solutions (NYSE: MSI) announced that Silver Lake, the global leader in technology investing, will make a $1 billion investment in Motorola Solutions. The company expects to use the Silver Lake investment to accelerate growth in its smart public safety solutions and services businesses through new partnerships, investments and acquisitions.
Silver Lake has a proven track record of creating value by partnering with leading technology companies around the world, said Greg Brown, chairman and CEO of Motorola Solutions. This strategic partnership and investment combine Silver Lakes expertise in technology... More
