You are here

Post-election uncertainty 'negative' for Greek rating: Moody's

Tuesday, January 27, 2015 - 19:01

[LONDON] The uncertainty created by Syriza's Greek election victory is negative for the country's credit rating, Moody's said on Tuesday, a day after a similar message from Standard and Poor's.

The "prolonged financial uncertainty is credit negative for Greece because it intensifies the country's refinancing and liquidity risks, undermines depositor confidence and has an adverse effect on economic growth prospects," Moody's said.

The firm currently rates Greece at Caa1 with a stable outlook. That is two notches below both S&P and Fitch which have it at B.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom