Shale's junk debt could get shaky if Fed raises rates

Independent oil, gas producers still dependent on the risks that come with speculative-grade bonds

June 27, 2014 | Updated: June 27, 2014 10:38pm

June 27, 2014 | Updated: June 27, 2014 10:38pm

Two years after natural gas prices collapsed, Chesapeake Energy's $12 billion in corporate debt last month nearly made it out of junk territory.