Moody Investors Service has lowered the long-term debt rating of Motorola Inc and its subsidiaries to Baa from Baa2, and pegged the outlook for the global major at negative. Motorola's international market share of the wireless handsets has halved, down to approximately 15 percent by mid-year 2003 from the nearly 30 percent in 1997. The downslide reflects the significant operating and marketing challenges the company continues to face. The action will affect $8 billion of debt and preferred securities.
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