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GreekReporter.comGreek NewsEconomyMoody's: Greek PM Tsipras' Resignation 'Credit Positive'

Moody's: Greek PM Tsipras' Resignation 'Credit Positive'

moody's“Last Thursday, Greece’s (Caa3 review for downgrade) Prime Minister Alexis Tsipras stepped down as head of government and called for snap elections.
The Prime Minister’s resignation is credit positive for the sovereign because it offers the possibility of a new, more cohesive government, which would improve prospects for implementing Greece’s third bailout package and reducing liquidity and funding risks,” the credit rating agency’s news and analysis report said on Monday.
According to Moody’s, the decision clears the way for a stronger and more effective government in Greece, “perhaps involving a more moderate SYRIZA party, governing alone or in a coalition with other pro-European parties.”
(Source: ana-mpa)

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