S&P Expects To Rate Bank Debt Guaranteed By Danish State Scheme 'AAA/A-1+' - S&P Global Ratings’ Credit Research

S&P Expects To Rate Bank Debt Guaranteed By Danish State Scheme 'AAA/A-1+'

S&P Expects To Rate Bank Debt Guaranteed By Danish State Scheme 'AAA/A-1+' - S&P Global Ratings’ Credit Research
S&P Expects To Rate Bank Debt Guaranteed By Danish State Scheme 'AAA/A-1+'
Published Jan 06, 2009
774 words — Published Jan 06, 2009
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About This Report

  
Abstract:

LONDON (Standard&Poor's) Jan. 6, 2009--Standard&Poor's Ratings Services said today that it has assessed the Credit Guarantee Scheme (Guarantee Scheme) of The Kingdom of Denmark and concluded that it qualifies for rating substitution treatment. From discussion and correspondence with the Ministry of Economic and Business Affairs, Standard&Poor's understands that the Kingdom intends to make payments under the Guarantee Scheme within the grace periods of any bank debt issued under the Guarantee Scheme. In our view, the Guarantee is irrevocable and unconditional and it appears that guaranteed debt will not become "unguaranteed" prior to the expiry of the Guarantee Scheme without creditors' consent. We will equalize the ratings on debt issued by Danish banks participating in

  
Brief Excerpt:

RESEARCH S&P Expects To Rate Bank Debt Guaranteed By Danish State Scheme '###/A-1+' Publication date: 06-Jan-2009 Primary Credit Analyst: Ana Mates, London (44) 20-7176-7109; ana_mates@standardandpoors.com Secondary Credit Analyst:...

  
Report Type:

News

Ticker
1271Z@DC
Issuer
Denmark (Kingdom of)
Sector
Global Issuers, Structured Finance
Country
Denmark
Region
Europe, Middle East, Africa
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "S&P Expects To Rate Bank Debt Guaranteed By Danish State Scheme 'AAA/A-1+'" Jan 06, 2009. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Expects-To-Rate-Bank-Debt-Guaranteed-By-Danish-State-Scheme-AAA-A-1-694612>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Expects To Rate Bank Debt Guaranteed By Danish State Scheme 'AAA/A-1+' Jan 06, 2009. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Expects-To-Rate-Bank-Debt-Guaranteed-By-Danish-State-Scheme-AAA-A-1-694612>
  
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