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S&P puts Rosetta on positive watch
Standard & Poor's said it placed its ratings, including the BB- corporate credit rating, on Rosetta Resources Inc. on CreditWatch with positive implications.
"We expect to resolve the CreditWatch around the time of the acquisition's closing, which the companies expect to occur in the third quarter of 2015," S&P credit analyst Michael Tsai said in a news release.
The placement of Rosetta Resources on positive watch reflects the potential for an upgrade following the close of its acquisition by Noble Energy Inc.
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