LONDON (Standard&Poor's) Nov. 11, 2008--Standard&Poor's Ratings Services today said it had assigned its 'AAA' rating to the Kingdom of Denmark's upcoming 4.5% bullet loans due on Nov. 15, 2039. Details of the amounts offered will be announced on Nov. 14, 2008. The ratings on the Kingdom of Denmark reflect policymakers' longstanding commitment to fiscal discipline and the country's rich and diversified economy. We expect the general government, which posted a surplus of around 4.5% of GDP in 2007, to continue posting fiscal surpluses in the medium term. In the short term, the government is expected to increase consumption and investment as the rest of the economy slows alongside the developments in the housing market, while over
