Rosetta Resources warns on risk from Calpine creditors

摘要

New York-With loss-plagued US independent power giant Calpine finally in Chapter 11 bankruptcy,Wall Street's junk-bond vultures could soon be circling its still-healthy upstream natural gas spinoff,Rosetta Resources.Though supposedly cleanly separated from staggering parent Calpine last July in a l-bil management buyout,the California and Gulf Coast E&P operation disclosed last week in an amended securities filing it faces a real risk its assets could be clawed back to help satisfy Calpine's 17-bil of debts.