Coca-Cola Exit May Speed Greece’s Decline to Emerging Market

MSCI says it may reclassify Greek stock market from developed to emerging.

Coca-Cola Hellenic Bottling Co. SA’s decision to leave its home equity market in Athens for London increases the chance that Greece will be demoted to an emerging market next year, MSCI Inc. said.

The index provider put Greece’s stock market under review for downgrade from developed status on June 20 and will make a final decision as part of its annual reclassification in June next year. The MSCI Greece Index consists of just two companies, with the world’s second-largest Coca-Cola bottler accounting for 75 percent by weight.

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