LONDON (Standard&Poor's CreditWire) Feb. 27, 2001--Standard&Poor's today upgraded its long-term foreign currency issuer credit and senior unsecured ratings on the Kingdom of Denmark to triple-'A' from double-'A'-plus. The outlook is revised to stable from positive. At the same time, Standard&Poor's also affirmed its triple-'A' long-term local currency issuer credit and senior unsecured ratings and its 'A-1'-plus short-term local and foreign currency issuer credit and commercial paper ratings on Denmark. The outlook on the local currency ratings remains stable. The upgrade reflects Denmark's formidable track record of robust macroeconomic policies and structural reform. Years of prudent fiscal policies--sustaining general government surpluses and a declining debt burden--underpin Denmark's low inflation and stable currency. A general government
