MSCI Upgrades Greece to Developed Market in Recovery Boost

Greece’s stocks were upgraded to developed-market status by MSCI Inc., marking a milestone in the country’s recovery from a debt crisis that at the time was a key threat to the euro-area economy.

The reclassification will be made during an index review in May 2027 rather than the one in August 2026, MSCI said in a statement. The firm launched a consultation in January and said the majority of global participants in a consultation favored the proposed upgrade.