Standard&Poor's has placed its 'AAA' long-term sovereign credit rating on the Republic of Austria on CreditWatch with negative implications. We equalize the ratings on Autobahnen- und Schnellstrassen-Finanzierungs-Aktiengesellschaft (ASFINAG) with those on the Republic of Austria, reflecting our opinion that there is an "almost certain" likelihood that ASFINAG would receive timely and sufficient extraordinary support from the Austrian government in case of need. Consequently, we are placing our 'AAA' long-term ratings on ASFINAG on CreditWatch with negative implications. The 'A-1+' short-term rating is affirmed. FRANKFURT (Standard&Poor's) Dec. 7, 2011--Standard&Poor's Ratings Services today placed its 'AAA' long-term issuer credit ratings on Autobahnen- und Schnellstrassen-Finanzierungs-Aktiengesellschaft (ASFINAG) on CreditWatch with negative implications. RATIONALE The CreditWatch placement reflects a