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Article: Duff & Phelps rates Southwest Gas Corp.'s debentures.
- Article from:
- PR Newswire
- Article date:
- August 18, 1986
CopyrightCOPYRIGHT 1986 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Aug. 18 /PRNewswire/ -- Duff & Phelps, the national credit rating agency, today rated the $245 million of debentures in a shelf registration by Southwest Gas Corp. as D&P-8 (high triple B).
This is the first rating of Southwest Gas fixed-income securities by Duff & Phelps.
"Southwest Gas plans to refinance or refund part of its currently outstanding long-term debt, and to acquire Nevada Savings and Loan Association," a D&P spokesman said.
"The first action will replace a significant portion of the company's bonds with new debentures. As long as any of the new debentures are outstanding, Southwest Gas will not issue additional ...