LONDON (Standard&Poor's CreditWire) April 28, 1999--Standard&Poor's today affirmed its triple-'A' long-term local currency issuer credit and senior unsecured ratings, and its double-'A'-plus long-term foreign currency issuer credit and senior unsecured ratings on the Kingdom of Denmark. Standard&Poor's also affirmed its 'A-1'-plus short-term issuer credit and foreign currency commercial paper ratings on the Kingdom. The local currency outlook is stable, and the foreign currency outlook is positive. The ratings reflect Denmark's: -- Sustained commitment to fiscal prudence and budget discipline. Denmark fully complies with the Maastricht criteria for European Economic and Monetary Union (EMU), and the EU's Growth and Stability Pact. The general government budget surplus is forecast to rise to 2.4% of GDP in
