LONDON (Standard&Poor's) Feb. 10, 2004--Standard&Poor's Ratings Services said today it assigned its 'AAA' long-term senior unsecured debt rating to the Kingdom of Denmark's (AAA/Stable/A-1+) forthcoming 4% Bullet Loans due in 2015. "Prudent fiscal management and structural reform underpin Denmark's enviable track record of macroeconomic stability," said Standard&Poor's credit analyst David Cooling. Policymakers' longstanding commitment to fiscal discipline remains robust. With the general government accounts expected to remain in surplus for the eighth consecutive year, and for the foreseeable future, the general government debt burden is forecast to decline to 41% of GDP at year-end 2004, and 36% by year-end 2006. The sustained decline in the public debt burden, coupled with a robust pension system,
