ATHEX on its way back to the developed markets’ fold

FTSE Russell announced late on Tuesday it has included the Athens Stock Exchange in the shortlist for upgrading, with the aim of returning it to the category of developed markets

Greece will be added to the Watch List for a possible upgrade from "Advanced Emerging" to "Developed Market" status.

According to the rating agency, Greece meets the following requirements for obtaining Developed Market status:

• The twenty-two quality criteria of the FTSE markets.
• The minimum market capitalisation and number of securities requirements, based on data as of June 28
• It has a 'High' rating of Gross National Income (GNI) per capita.

This development is excellent news for Greece, the Minister of National Economy and Finance Kostis Hatzidakis pointed out in a statement, emphasising that "it is a result of the positive developments in the...