MSCI to upgrade Greece to developed market in May 2027

Greek ⁠stocks will instrumentality to MSCI’s developed ⁠markets scale successful May 2027, ⁠according to Morgan Stanley’s announcement.

“Greece’s way from Emerging Market backmost to Developed Market status reflects some the advancement achieved by the Greek marketplace authorities and the evolving view among planetary organization investors that Developed Markets Europe operates arsenic a cohesive concern region,” said Raman Aylur Subramanian, Head of Market Classification and Taxonomies.

“Market participants recognized that Greece’s marketplace infrastructure has converged with Developed European standards and meets the criteria for Developed Markets. This reclassification determination follows sustained marketplace reforms and dialog betwixt marketplace authorities, the concern assemblage and MSCI.”

While supporting the reclassification, some marketplace participants noted considerations astir the implementation timeline. This feedback informed MSCI’s determination to instrumentality the reclassification astatine the May 2027 Index Review alternatively than the August 2026 Index Review.

As portion of the implementation plan:

– The reclassification will beryllium implemented successful 1 step crossed each MSCI Indexes, including standard, customized and derived indexes, astatine the May 2027 Index review.
– Once reclassified to Developed Markets, Greece will beryllium added to the Developed Europe single marketplace scale operation process for determining the MSCI Greece Indexes.
– Existing constituent rules will beryllium applied to minimize turnover astatine the clip of the reclassification.
– Snapshots of the simulated MSCI Europe Indexes, incorporating Greece arsenic a Developed Market, will beryllium provided arsenic portion of each Index Review anterior to the effectual reclassification day successful May 2027. This will support marketplace participants readying for the transition.

Camille Beudin, Chairman of the Athens Exchange Group, stated:

“This designation marks a important milestone for the Greek superior marketplace and reflects the substantial advancement achieved successful caller years. As the Athens Stock Exchange progresses with its integration into the Euronext Group, this improvement creates caller opportunities to deepen marketplace participation, support Greek companies successful accessing maturation capital, and further integrate the Greek marketplace within the European fiscal ecosystem. We stay committed to gathering connected this momentum, continuing to strengthen marketplace quality, transparency, and competitiveness successful the years to come.”

Yianos Kontopoulos, CEO of the Athens Exchange Group, commented:

“Following today’s determination by MSCI, the Athens Stock Exchange takes different important step toward its last reclassification arsenic a Developed Market. This milestone reflects a strong and increasing vote of assurance successful the maturation trajectory and organization maturity of the Greek superior market. With a steadfast committedness to enhancing trust and expanding the planetary entreaty of our market, we will proceed to physique connected this momentum to further strengthen our attractiveness to planetary investors.”