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 will continue to benefit from state guarantees on its debt issuance. We are therefore affirming our 'AA+/A-1+' ratings on ASFINAG. The stable outlook reflects that on Austria, and our view that there will be no significant changes to the likelihood that the Austrian government would offer support to ASFINAG if needed. On July 13, 2018, 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
