We consider that potential extraordinary government support for European banks will likely decrease as resolution frameworks are put in place. However, we believe these frameworks are less likely to impede the State of Upper Austria's willingness to provide extraordinary support to government-related entity, Oberoesterreichische Landesbank AG (HYPO OÖ), in case of need. We are affirming our 'A/A-1' counterparty credit ratings on HYPO OÖ. The stable outlook reflects that, over the next 24 months, our view of a high likelihood of extraordinary government support for HYPO OÖ is unlikely to weaken and that the bank will maintain an adequate capital buffer against risks. As previously announced on April 29, 2014, Standard&Poor's Ratings Services has affirmed its 'A/A-1' counterparty credit
