S&P upgrades Southwest Gas

S&P said it upgraded the ratings for Southwest Gas Corp. and its senior unsecured notes to A- from BBB+.

The upgrades come after S&P completed a review under revised criteria.

“Following our criteria review, we established that the cumulative value of SWG’s structural protections vis-à-vis parent Southwest Gas Holdings Inc. (SWX) are sufficient to insulate our issuer credit rating from SWX’s credit profile,” said S&P in a press release.

The outlook is negative.

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