S&P revises Southwest Gas Holdings, unit to stable

S&P said it affirmed its ratings on Southwest Gas Holdings Inc. (SWX), including the BBB+ issuer credit rating, and the ratings on subsidiary Southwest Gas Corp. (SWG), including the A- issuer credit rating.

At the same time, S&P said it affirmed its A- issue-level ratings on Southwest Gas Corp.’s senior unsecured notes.

S&P also revised the outlook on both entities to stable from negative.

On Sept. 23, Southwest Gas Corp. received a rate case decision in Nevada that S&P expects will support the company's overall credit quality.

“The revised outlooks for SWX and SWG incorporate our expectation that the parent will maintain its consolidated financial measures consistently above our downgrade threshold,” S&P said in a news release.

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