Story perspectives
Greece Upgraded to Developed Market, Driving Record €4.26B Trading
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Story summary
- FTSE Russell and STOXX reclassified Greece’s stock market as a developed market on Monday.
- The reclassification added 62 Greek stocks to FTSE’s developed-market indices.
- Index-tracking funds bought Greek shares, driving Athens trading volume to a record €4.26 billion.
- Moody’s upgraded Greece’s sovereign outlook to positive.
- Scope Ratings raised Greece’s rating to BBB+.