Southwest Gas Corporation: Update following ratings affirmation
Our credit view of this issuer reflects its strong customer growth, offset by its temporarily weak credit metrics as a result of debt funded natural gas costs.Southwest Gas Holdings is a holding company. Through its subsidiaries, Southwest Gas Corporation and Centuri Group, Inc. (Centuri), the company operates two segments: Natural Gas Operations, which purchases and distributes or transports natural gas to residential, commercial, and industrial customers in Arizona, Nevada, and California; and Utility Infrastructure Services, which is engaged in the installation, replacement, repair, and maintenance of energy distribution systems, as well as developing industrial construction solutions, and the primary focus of Centuri operations is replacement of natural gas distribution pipe and electric service lines as well as new infrastructure installations.
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