FTSE Russell said on Tuesday that Greece will remain on the equity Watch List for possible reclassification from “advanced emerging” to “developed” market, adding that the next evaluation will take place in September.
There had been expectations for an upgrade to “developed” this time. According to FTSE Russell, the Greek stock market has been on the Watch List for possible reclassification since September 2024.
Now 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 ”high” gross national income (GNI) per capita; and an investment grade credit rating from the three major agencies.