...+ 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 '###+' issuer credit rating to Southwest Gas Holdings Inc. The outlook is stable. + We are affirming our ratings on SWGC, including the '###+' issuer credit rating, and the '###+' rating on its senior unsecured bonds. The outlook is stable. + We are revising our stand-alone credit profile on SWGC to 'a-' from '###+' + The stable outlook on Southwest Gas Holdings Inc. reflects our expectations that its construction services business will reflect no more than 25% of the consolidated company's earnings, and that the company's core credit ratios will consistently reflect funds from operations (FFO) to debt that ranges from 23% to 25%. NEW...
