Ratings: Foreign and Local Currency: AAA/Stable/A-1+ For further details see ratings list. We expect Denmark's wealthy, competitive, and diversified economy will expand by 2% per year on average during 2017-2020. Denmark benefits from high institutional effectiveness, mature political and institutional frameworks that promote fiscal discipline, and a modest government debt burden. We are therefore affirming our 'AAA/A-1+' ratings on Denmark. The stable outlook reflects the depth of Denmark's economic, fiscal, external, and monetary buffers. On Sept. 15, 2017, S&P Global Ratings affirmed its 'AAA' long-term and 'A-1+' short-term foreign and local currency sovereign credit ratings on the Kingdom of Denmark. The outlook is stable. The stable outlook reflects our expectation that Denmark's strong economic, fiscal, external, and monetary credit measures
