Strong explicit and implicit government support from the Republic of Austria. Monopoly position as constructor and operator of the Austrian network of motorways and high-speed roads. Strategic importance and political consensus protecting the company from privatization risk. Strong dependence on sovereign support. The ratings on Autobahnen- und Schnellstrassen-Finanzierungs-Aktiengesellschaft (ASFINAG) reflect its monopoly position as constructor and operator of the Austrian motorway and high-speed road network, strong explicit and implicit government support ensured by the company's strategic importance to the Republic of Austria (AAA/Stable/A-1+), its sole shareholder, and a tight legal framework defining the government's role in ASFINAG's operations. ASFINAG is responsible for the financing, construction, maintenance, and operation of the entire Austrian network of motorways and high-speed roads. Although the
