Moody's might up Rosetta

Moody's Investors Service said it placed Rosetta Resources Inc.'s corporate family rating, probability of default rating and senior note ratings on review for upgrade.

With 49% of its production comprised of oil and natural gas liquids, Moody's said Rosetta is well positioned to enjoy robust cash flow generation for at least the next few years based on the agency's expectation for a sustained high oil price environment.

The review also considers Rosetta's declining leverage, increasing scale, strengthening full cycle metrics and more established track record in the Eagle Ford, Moody's said.

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