The multiple benefits of investment grade

Markets are expecting Greece to regain investment grade soon after Sunday's general election, provided that a strong government comes out of the process. When Greek bonds emerge from the "junk status" they have been at for more than 12 years, they will not be the only ones to benefit.

The recovery of the investment grade will bring to the country a new audience of investors, with quality characteristics and a long-term horizon, while it will also support the upgrade of the Athens Stock Exchange to the category of developed markets, which, however, is not expected before the end of 2024 with the beginning of 2025.

This translates into an increase in the capitalization of ATHEX as a percentage of the gross domestic product thanks to rising valuations and in listing new companies - also thanks to the improvement in liquidity conditions, while Greek listed companies will...