Moody’s changes BlueFocus view

Moody's Investors Service said it changed BlueFocus Communication Group Co., Ltd.'s outlook to negative from stable and affirmed the company's B1 corporate family rating.

The agency also changed Blue Skyline Communication Ltd.’s outlook to negative from stable and affirmed the company's B1 senior unsecured rating.

"The change in outlook to negative reflects BlueFocus' weakened operating cash flow due to higher working capital needs, coupled with increased refinancing risks, amid tighter funding conditions," Gloria Tsuen, a Moody's vice president and senior analyst, said in a news release.

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