Portugal Added to FTSE Index, South Korea and India Held Off

FTSE Russell has announced the addition of Portugal to the FTSE World Government Bond Index effective November, following upgrades to its credit rating. The decision to hold off on including South Korea and India for at least six more months was also made, indicating a potential waiting period for investors. Portugal's rating upgrade to 'A' by S&P due to steep deleveraging has played a significant role in this move. Additionally, Switzerland has been removed from the upgrade watch list. This decision by the index provider reflects the evolving global economic landscape and its impact on bond markets.