S&P Dow Jones puts Indonesia, Turkey on watchlist for market downgrade

MSCI

08/07/2026 24:25

    SINGAPORE, July 8 (Reuters) - Global index provider S&P Dow Jones Indices SPGI.N warned that Turkey and Indonesia risk a downgrade to frontier from emerging status over market transparency and other issues, echoing similar moves at rival MSCI MSCI.N.
Both markets were added to a watchlist for potential inclusion in next year's market review process, S&P DJI said in a statement late on Tuesday. Nigeria was also on the list for a potential upgrade to frontier from standalone status.
Indonesia has been placed under review by MSCI since January and the risk of a downgrade has tanked an equity market that was once the toast of emerging market fund managers - leaving it down more than 30%, or 35% in dollar terms, for the year so far.

 (Reporting by Tom Westbrook; Editing by Jacqueline Wong)
 ((tom.westbrook@tr.com; +65 6973 8284;))