LONDON -- Standard & Poor's CreditWire 12/7/95 -- Standard & Poor's assigns its triple-`A' long-term rating to DFS Deutsche Flugsicherung GmbH's (DFS) DM750 million multi-currency debt issuance program. DFS is the Federal Republic of Germany's air traffic control organization. The rating is based on the support of Germany, DFS's sole owner, and the strategic importance of air traffic control to the country's economy, public safety, and defense. Although DFS debt is not guaranteed by the government, constitutionally, air traffic control is a sovereign function which by law must be provided by a 100% government- owned monopoly. DFS is responsible for both civil and military flights. The Federal Ministries of Defense, Transportation, and Finance are represented on DFS's supervisory board and
