FTSE Russell said that Greece will remain on the equity watch list for possible reclassification from "advanced emerging" to "developed market", while the next evaluation will take place in September.
According to the announcement by FTSE Russell, the Greek stock market is classified as an advanced emerging market and has been added to the Watch List for possible reclassification from Emerging to Developed from September 2024.
Having been placed on the Watch List, the Greek market must meet the following requirements for a developed market:
-the 22 quality criteria of the FTSE markets.
-the minimum market capitalization and number of securities requirements based on the closing figures on December 31, 2024 and June 30, 2025;
-a Gross National Income (GNI) per capita of "High" and
-an investment grade credit rating from the three major credit rating agencies.
Greece meets the 22 FTSE market quality criteria, the minimum investable capitalisation and number of securities requirement based on data as of the close on 31 December 2024 and has a GNI rating of "High".
The current "investment grade" credit rating for Greece is under review following the recent upgrade of Greece by one of the major rating agencies (Moody's).
In addition, the minimum capitalisation and number of securities requirements for Greece will be assessed based on data as of the close on 30 June 2025.