S&P affirms OeBB-Infrastruktur

S&P said it affirmed its AA+/A-1+ long- and short-term issuer credit ratings on OeBB-Infrastruktur AG.

The outlook is stable.

The ratings on OeBB-Infrastruktur reflect an opinion that there is an almost certain likelihood that Austria (AA+/stable/A-1+) would provide timely and sufficient extraordinary support to the company in the event of financial distress, the agency explained.

S&P said the view is based on OeBB-Infrastruktur's critical role for the government as the owner, constructor and operator of most of the Austrian rail network, and its integral link with the government, owing to the state's indirect full ownership of OeBB-Infrastruktur, which subjects the company to tight legal, planning and operational controls, as well as a strong support framework.

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