We believe there is an almost certain likelihood of extraordinary government support for Autobahnen-und Schnellstrassen-Finanzierungs-AG (ASFINAG) from the Austrian government, and we assume that the company will retain its monopoly position as road operator and constructor, and that privatization is not an issue. All toll categories increased in 2014 against 2013, based on both price adjustments and volume increase, indicating some economic growth. We are therefore affirming our ratings on ASFINAG at 'AA+/A-1+'. The stable outlook reflects our view that there will be no meaningful changes to government support for the company. FRANKFURT (Standard&Poor's) July 28, 2015--Standard&Poor's Ratings Services today affirmed its 'AA+/A-1+' long- and short-term foreign and local currency credit ratings on Austrian road operator
