S&P rates Southwest Gas notes BBB

Standard & Poor's said it assigned a BBB rating to Southwest Gas Corp.'s proposed $125 million senior unsecured note offering due 2020.

The corporate credit rating is BBB.

The outlook is positive.

Proceeds will be used to repay about $75 million of its $200 million 8.375% senior unsecured notes due Feb. 15, 2011 and for general corporate purposes.

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