Greece keeps grade but stays on FTSE watch- bourse CEO

The Greek stock market will keep its developed-market status but remain on index compiler FTSE's watchlist for a possible downgrade for another year, the chief executive of Hellenic Exchanges said on Wednesday. Greece, which gained mature market status in 2001 after joining the euro zone, has faced a possible change in classification to advanced emerging.
FTSE was set to annnounce the results of its annual country review on Thursday.
"Greece will remain in the developed market category but continue to be on FTSE's watchlist for another 12 months," Hellenic Exchanges CEO Spyros Capralos told Reuters.

news source: Reuters.com link: article