Upgrading from Moody΄s, it can also lead the FTSE to open the Athens Stock Exchange road to developed markets
The recent upgrading of the Greek debt -based ratings House Moody’s paved the way for the return of the Athens Stock Exchange to mature markets, according to brokerage analysts.
In recent weeks, the market has been running with a key catalyst to upgrade its upgrade to developed and looking in the future, the possible upgrading of the ASE to a developed market could be transformative. But the new round of aggressive duties imposed by the US has escalated the World Trade War and triggered fears of economic slowdown and inflation and changing the international investment landscape, according to analysts.
Upgrading from Moody΄s, it can also lead the FTSE to open the Athens Stock Exchange’s path to developed markets. Next Tuesday, April 8, we will have the FTSE intermediate information on Greece’s possible movement to developed markets from emerging markets.
Such a development will confirm the progress that has been made in the critical figures of both the market and the Greek listed companies.
The Greek Stock Exchange is the only eurozone stock market that has been degraded since 2013 and was found by developed markets in emerging.
On Wednesday, June 12, 2013, the Hellenic Stock Exchange was downgraded by the most important rating index in the world, MSCI, with 12 trillion assets. dollars, watched by the largest international houses. There has been no such degradation for any other stock markets.
ATHEX’s return In developed markets it is a bet of great importance to the Greek Stock Exchange, which has lost, due to the great economic crisis and the degradation of the country’s degradation, its position in the indicators of developed markets, resulting in the Greek market only for the small market for the small lake and the lakes which adversely affects trading activity and shares’ valuations.
Upgrading will enhance the prestige and image of the ATHEX, attracting more investment funds. The listed ones will have access to more capital, investing in developed markets, enhancing the growth of the Greek economy.
The upgrade time appears to be counting now as FTSE is expected to give the signal for its return to developed capital markets on April 8, which will be a milestone for the influx of foreign investors. It is estimated that their amount will exceed 2 billion euros, giving another significant boost to the Greek stock market.
JP Morgan estimates that in the event of upgrading the Greek stock market, there will be $ 1.83 billion outflow due to exit from FTSE Emerging Market indicators and inflows of $ 1.75 billion due to entering the FTSEDEVELOPED Market indicators.
The positives of the upgrade is to mention the difference between the funds moving to the emerging and developed markets. In the first category there are about $ 2 trillion and in the developed about $ 15 trillion. So the “lake” of capital in developed markets is much larger.
FTSE and S&P have set it in the upgrade of developed markets in the developed markets, as they included it in the 2025 watchlist, when the final decision to return to the developed markets will be made. It should be noted that ATHEX. It receives evaluations from three houses, MSCI the FTSE House and S&P Evaluation House. Each sets its own conditions and conditions for integration into mature markets. In a recent evaluation, MSCI did not incorporate the Greek stock market into a “Watch List for upgrading”. It is worth noting that 70% of funds follow the MSCI indicators, making upgrading from MSCI critical factor.
Many discussions have caused some exhibitions of some houses, such as JP Morgan that Greece would be best to remain in emerging markets.
First in the village or last in the city? The “answer” of the CEO of the Athens Stock Exchange, Mr. G. Kontopoulos, which he likes to give is: “A Super League 2 team aimed at climbing the Super League 1”.
Source: Skai
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