LIVE MARKETS-Greece stocks take another step closer to potential rating upgrade
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Greece's stock market is nearing a potential upgrade to developed-market status, according to MSCI's annual market accessibility review. The index provider noted improvements in Greece's economic fundamentals and market reforms, which have been validated by participants. Moody's recently upgraded Greece's debt rating to investment grade, reflecting progress in debt sustainability. Athens equities have surged over 100% since 2021, outperforming European indices. Other index providers are also considering Greece for a potential upgrade, with MSCI's report due on June 24 being closely watched by fund managers.
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