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World

Greece: Fitch ratings agency warns uncertainty could hurt country's credit grade

Associated Press
Published | Updated
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    Greece's Prime Minister Antonis Samaras, left, listens to Greece's President Karolos Papoulias during their meeting at the Presidential Palace in Athens, Tuesday, Dec. 30, 2014. Parliament failed to elect a new Greek president after three rounds of voting, triggering an early general election on Jan. 25, which could see a pro-bailout coalition lose power. (AP Photo/Eurokinissi, Giorgos Kontarinis) GREECE OUT (The Associated Press)

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    Greece's Prime Minister Antonis Samaras, center, leaves his office for a meeting with Greek President Karolos Papoulias in Athens, Tuesday, Dec. 30, 2014. Parliament failed to elect a new Greek president after three rounds of voting, triggering an early general election on Jan. 25, which could see a pro-bailout coalition lose power. (AP Photo/Thanassis Stavrakis) (The Associated Press)

  • 6cee7956-
    Image 3 of 3

    Greece's Prime Minister Antonis Samaras leaves Presidential Palace after a meeting with Greek President Karolos Papoulias in Athens, Tuesday, Dec. 30, 2014. Parliament failed to elect a new Greek president after three rounds of voting, triggering an early general election on Jan. 25, which could see a pro-bailout coalition lose power. (AP Photo/Thanassis Stavrakis) (The Associated Press)

ATHENS, Greece – The credit rating agency Fitch has warned that prolonged political uncertainty in Greece could hurt the country's sovereign rating, after a snap general election was called for Jan. 25.

The agency said Tuesday it is unclear whether any single party would be able to form a government alone, a stalemate that would "increase the risks to Greece's creditworthiness." It also cited risks of further delays to bailout negotiations and a potential drop in bank deposits.

Conservative Prime Minister Antonis Samaras on Tuesday requested that parliament be dissolved following the failure by lawmakers to elect Greece's new president after three rounds of voting.

An opinion poll published late Monday gave the anti-bailout Syriza party a 3-point lead over the conservatives, indicating that neither leading party could govern without forming a coalition.