We continue to equalize our ratings on Germany's air navigation service provider DFS Deutsche Flugsicherung with our ratings on Germany. This reflects our view of an almost certain likelihood of timely and sufficient extraordinary financial support from the state to DFS if needed. We are therefore affirming our 'AAA' long-term and 'A-1+' short-term ratings on DFS. The stable outlook reflects that on Germany. On July 27, 2018, S&P Global Ratings affirmed its 'AAA' long-term and 'A-1+' short-term issuer credit ratings on DFS Deutsche Flugsicherung GmbH (DFS), Germany's air navigation service (ANS) provider. The outlook is stable. We also affirmed our 'AAA' long-term issue rating on DFS's €500 million euro medium-term note program and our 'A-1+' short-term issue rating on its
