...Strengths: Weaknesses: + Almost certain likelihood of receiving timely and sufficient extraordinary support from the Austrian government if needed. + Continued monopoly position as Austria's road operation and construction company. + A euro medium-term note (EMTN) program that benefits from a full, explicit, unconditional, and irrevocable guarantee from the Austrian government. + Limited financial flexibility due to the government's tight legal, planning, and control framework. + High debt. Outlook The stable outlook on Autobahnen-und Schnellstrassen-Finanzierungs-AG (ASFINAG) reflects S&P Global Ratings' assessment of the creditworthiness of the company's sole owner and guarantor, the government of Austria. Any rating action on Austria would lead us to also reassess our rating on Asfinag. We also consider ASFINAG's strategic importance for the government and expect that neither the likelihood of extraordinary support, the guarantee, nor the legal framework for ASFINAG will change significantly....
