According to CNBC:
Countries that have a king or queen as a head of state are on average more creditworthy and have stronger balance sheets than republics, new data shows.
Sovereigns with a monarchy have an average credit rating of ‘A-‘ according to a new report from one of the largest ratings agencies, Standard & Poors, which rates 129 countries, 39 of which have a ruling monarch.
Nations without a king or queen have an average rating of around ‘BBB’ to ‘BBB-‘ around 3 rungs below that of the average monarchy…
“There is no difference between constitutional and absolute monarchies in our assessment…
