We see an almost certain likelihood of Autobahnen-und Schnellstrassen-Finanzierungs-AG (ASFINAG) receiving timely and sufficient extraordinary support from the Austrian government if needed. In our opinion, ASFINAG will retain its monopoly position as Austria's road operation and construction company and continue to benefit from a favorable tariff framework. We are therefore affirming our 'AA+/A-1+' ratings on ASFINAG. The stable outlook reflects that on Austria as well as our view that there will be no significant changes to the likelihood of government support for ASFINAG from the sovereign. On July 14, 2017, S&P Global Ratings affirmed its 'AA+/A-1+' long- and short-term foreign and local currency issuer credit ratings on Austrian road operator Autobahnen-und Schnellstrassen-Finanzierungs-AG (ASFINAG). The outlook is stable. At the same
