S&P rates Rosetta Resources B, notes B+

Standard & Poor's said it assigned its B corporate credit rating to Rosetta Resources Inc.

The agency said it also assigned a B+ issue-level rating to the proposed $200 million senior unsecured notes due 2018 along with a 2 recovery rating.

The outlook is stable.

"The ratings on Houston-based Rosetta Resources Inc. reflect the company's significant exposure to natural gas [88% of production], its relatively small size and scale of operations, and its reliance on one location [Eagle Ford] for much of its future growth," said credit analyst Marc Bromberg.

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