Southwest Gas Corp. announced the formation of a new holding company, Southwest Gas Holdings Inc. (SWGHI). SWGHI will serve as the holding company that owns subsidiaries Southwest Gas Corp. (SWGC) and Centuri Construction Group, separating SWGHI's unregulated businesses from SWGC, effectively making SWGC a fully regulated utility. We are assigning a 'BBB+' issuer credit rating to Southwest Gas Holdings Inc. The outlook is stable. We are affirming our ratings on SWGC, including the 'BBB+' issuer credit rating, and the 'BBB+' rating on its senior unsecured bonds. The outlook is stable. We are revising our stand-alone credit profile on SWGC to 'a-' from 'bbb+' The stable outlook on Southwest Gas Holdings Inc. reflects our expectations that its construction services business will
