Almost certain likelihood of Autobahnen-und Schnellstrassen-Finanzierungs-AG (ASFINAG) receiving timely and sufficient extraordinary support from the Austrian government if needed. ASFINAG will retain its monopoly position as Austria's road operation and construction company and continue to benefit from state guarantees on its debt issuance. Issuances benefit from government guarantees. Limited financial flexibility due to the government's tight legal, planning, and control framework. High debt. The stable outlook on ASFINAG reflects that on Austria. Therefore, any rating action on the sovereign would result in a corresponding action on ASFINAG. The outlook also reflects S&P Global Ratings' assessment that, given ASFINAG's strategic importance to the Austrian government, there will be no significant changes to extraordinary government support for the company, state guarantees, or
