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MOODY'S ASSIGNS AAA RATING TO DENMARK'S 5-YEAR EURO-BENCHMARK ISSUE
Info-Prod Research (Middle East), March, 2004
Moody's Investors Service has assigned a rating of Aaa to the Kingdom of Denmark's forthcoming five-year euro-benchmark issue. The bond is expected to be issued within the near future. Moody's says that Denmark's Aaa/P-1 ratings and stable outlook reflect the country's consensus-based political system, its high average standard of living, large external surpluses, and a strong government balancesheet.
The government's relatively low debt and ongoing healthy finances already compare favorably with those of many other Aaa-rated countries, yet the further reduction of public debt to meet the demographic challenges posed by the ageing population remains a key priority for Danish policymakers. As far as recent developments, the rating agency points out that theDanish economy...
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