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Southwest Gas Corp. May 11 Product Image

Southwest Gas Corp. May 11

  • ID: 1783823
  • May 2011
  • Standard & Poors

Abstract
A low-risk monopoly gas distribution business; A supportive regulatory environment in California and Nevada; A large, stable residential and commercial customer base; Slower, somewhat muted customer growth prospects in Arizona, Nevada, and California; and Strong internal cash generation and adequate liquidity position. Improved, but still challenging, regulatory environment in Arizona; Absence of natural gas storage facilities in Arizona and southern Nevada; Limited geographic service territory; and Ownership of a small, unregulated construction and maintenance business. The ratings on Southwest Gas Corp. reflect an excellent business risk profile and an aggressive financial risk profile. Standard & Poor's bases the ratings on the consolidated credit profiles of its natural gas operations segment (about 90% of operating income) and its construction services business,...

Companies mentioned in this report are:
- Southwest Gas Corp.

Action: Review

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: Full Analysis

Note: Product cover images may vary from those shown

- Southwest Gas Corp.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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