...- Southwest Gas Holdings Inc. (SWX) recently announced its intention to separate from its utility infrastructure services business under subsidiary Centuri Group Inc. - The separation of this higher-risk business could lower consolidated business risk, but its credit profile remains strained as it has yet to complete its planned large equity issuance to partially repay the short-term debt incurred in acquiring Questar Pipeline. - We placed all our long-term ratings on SWX, Southwest Gas Corp. (SWG), and Dominion Energy Questar Pipeline LLC, including the '###-' issuer credit rating on SWX and Questar Pipeline, our '###-' issue-level rating on Questar Pipeline's senior unsecured debt, our '###' issuer credit rating on SWG, and our '###' issue-level rating on SWG's senior unsecured debt on CreditWatch with developing implications. - The CreditWatch placement with developing implications reflects the planned separation of Centuri and the significant uncertainty around the separation strategy,...
