Dagong cited uncertainty in Greece’s political environment, the banking system’s declining liquidity, as well as impending recession and the risk of default as the main reasons behind its decision.
"Greece is very likely to default on its commercial debts," the agency said in a press release.
Although Greek Prime Minister Alexis Tsipras’ administration hailed Sunday’s plebiscite as a triumph for democracy, Eurogroup President Jeroen Dijsselbloem called its results "regrettable."
"Although the government is trying to prevent the financial system from collapsing by taking capital control, closing banks and capping residents’ withdrawal amount, the banking system, short of external liquidity support, is running out of liquidity," Dagong concluded.
Dijsselbloem’s spokesman announced an emergency Euro summit for Tuesday, following the results of the vote, while the country's outspoken Finance Minister Yanis Varoufakis has announced his resignation, to clear the way for possible future negotiations to progress further.
Starting time additional #eurogroup Tuesday 7 July at 1pm #Greece
— Jeroen Dijsselbloem (@J_Dijsselbloem) 6 июля 2015
Major banks, including Barclay’s, J.P. Morgan and Citi, are said to be bracing themselves for a possible Greek exit from the Eurozone.
