Moody's Downgrades ViaSat on Rising Spending, Declining Earnings

Moody's downgraded its ratings outlook on ViaSat from positive to negative, citing lack of clarity about when its earnings decline turns around. Moody's also said Wednesday it expects ViaSat to be "significantly cash flow negative" in FY 2019 as it ramps up spending on two ViaSat-3 satellites while its commercial networks operation still struggles. The company didn't comment.