Post by Eric Gajewski on Aug 19, 2015 16:00:40 GMT
TradCatKnight: Monarchy Better For the Economy
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, the S&P report revealed.