Moody’s says Greek election outcome is credit negative because it prolongs risks

Those risks being , financing, liquidity and economic growth

As we always say, markets hate uncertainty

The outcome of Sunday’s parliamentary elections in Greece throws into question the new government’s ability to renew Greece’s financial support programme with the Troika. The resulting 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. The uncertainty will hurt Greek banks’ ability to access funding and maintain liquidity

And talking of which, and elections, it’s only 100 days to go til the May 7 UK election!