Southwest Gas's Ratings Raised To 'BBB+' On Good Financial Performance; Outlook Stable

Standard & Poors, April 2011

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
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Abstract
We are raising our corporate credit rating to 'BBB+' from 'BBB' and revising the outlook to stable from positive. The ratings action on U.S. natural gas distributor and construction services provider Southwest Gas Corp. reflects improved financial results, and our view that the business risk profile remains excellent given the utility's steady cash flow contribution. The stable outlook reflects our expectation that the company will maintain stable financial metrics. NEW YORK (Standard & Poor's) April 27, 2011--Standard & Poor's Ratings Services said today it raised its corporate credit and senior unsecured issue-level ratings on Las Vegas-based natural gas local distributor Southwest Gas Corp. to 'BBB+' from 'BBB' and revised the outlook to stable from positive. "The rating action reflects our...

Companies mentioned in this report are: Southwest Gas Corp.
Action: Affirmed
Action: Outlook: Stable
Action: Upgraded

Southwest Gas Corp.

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