S&P: Greece unaffected

Standard & Poor's said its sovereign credit ratings and outlook on Greece are not affected by the outcome of the general elections.

According to S&P, provisional results indicate that the center-right new democracy party won about 30% of votes, followed by the left Syriza coalition with about 27% and center-left panhellenic socialist movement party with about 12%. The parties are now negotiating the formation of a coalition government to achieve the parliamentary majority needed to govern.

The agency said it expects the parties' goal to be to modify Greece's current program of external financial support from the troika, made up of the International Monetary Fund, members of the European Economic and Monetary Union and the European Central Bank. The agency said it expects the government to attempt to renegotiate program terms with the troika.

However, S&P said the likelihood of further easing of the program conditions is constrained by opposition from several euro zone members.

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