Bulletin: Dominion Energy Inc.'s Announced Sale Of Dominion Energy Questar Pipeline LLC Will Not Affect Its Credit Quality - S&P Global Ratings’ Credit Research

Bulletin: Dominion Energy Inc.'s Announced Sale Of Dominion Energy Questar Pipeline LLC Will Not Affect Its Credit Quality

Bulletin: Dominion Energy Inc.'s Announced Sale Of Dominion Energy Questar Pipeline LLC Will Not Affect Its Credit Quality - S&P Global Ratings’ Credit Research
Bulletin: Dominion Energy Inc.'s Announced Sale Of Dominion Energy Questar Pipeline LLC Will Not Affect Its Credit Quality
Published Oct 06, 2021
3 pages (1286 words) — Published Oct 06, 2021
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Abstract:

NEW YORK (S&P Global Ratings) Oct. 6, 2021--S&P Global Ratings today said that its view of Dominion Energy Inc.'s (DEI; BBB+/Positive/A-2) credit quality is unchanged following the company's announcement that it has entered into a definitive agreement to sell Dominion Energy Questar Pipeline LLC (DEQP) to Southwest Gas Holdings Inc. (SWX) for about $1.975 billion, including assumed debt of $430 million. We believe the sale will modestly improve DEI's business risk and expect its financial measures to remain in line with our expectations for the current rating. Therefore, all of our ratings on the company are unchanged. The sale of DEQP follows DEI's sale of Dominion Energy Gas Holdings LLC (DEGH) and continues to demonstrate its strategic shift toward its

  
Report Type:

Bulletin

Ticker
DNIRE
Issuer
GICS
Multi-Utilities (55103010)
Sector
Global Issuers, Structured Finance
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Dominion Energy Inc.'s Announced Sale Of Dominion Energy Questar Pipeline LLC Will Not Affect Its Credit Quality" Oct 06, 2021. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Dominion-Energy-Inc-s-Announced-Sale-Of-Dominion-Energy-Questar-Pipeline-LLC-Will-Not-Affect-Its-Credit-Quality-2733067>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Dominion Energy Inc.'s Announced Sale Of Dominion Energy Questar Pipeline LLC Will Not Affect Its Credit Quality Oct 06, 2021. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Dominion-Energy-Inc-s-Announced-Sale-Of-Dominion-Energy-Questar-Pipeline-LLC-Will-Not-Affect-Its-Credit-Quality-2733067>
  
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