LONDON (Standard&Poor's) April 11, 2002--Standard&Poor's said today it has assigned its triple-'A' senior unsecured debt rating to the Kingdom of Denmark's (AAA/Stable/A-1+) new €1.5 billion 4.875% Eurobond due 2007, reflecting the sovereign's extremely strong credit standing. "The rating reflects Denmark's enviable track record of macroeconomic stability, underpinned by prudent fiscal management and structural reform," said Standard&Poor's credit analyst David Cooling. Fiscal flexibility is substantial, reflecting budget surpluses, the concomitant decline in the debt burden, and a robust pension system. Renewed growth in employment is expected to give Denmark additional fiscal room for maneuver in the medium term. The wealth and diversity of the Danish economy, coupled with its integration into the European economy, outweigh
