S&P affirms Rosetta

Standard & Poor's said it affirmed its BB- issue rating on Rosetta Resources Inc.'s $200 million senior unsecured notes after the company increased its borrowing base on its senior secured revolving credit facility to $625 million from $325 million.

The recovery rating remains 2.

The agency said its ratings on Rosetta reflect its assessment of the company's weak business risk and aggressive financial risk.

Ratings also incorporate the company's small-proved reserve base relative to peers, its aggressive growth strategy and its reliance on one location for much of its future growth, the agency said.

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