"About Dynamics of Trading Corporate Bonds on the MICEX"

16:33; 03 December 2025 year

Below are the most liquid corporate bonds traded on the Moscow Exchange: - RSXH Bank Bond Issue B0-02-002R (ISIN code - RU000A1068R1) -0.1%; - Polyus PBO-04 Bond (ISIN code - RU000A108L81) +0.5%; - Boretz Capital 1R-01 Bond (ISIN code - RU000A105ZX2) +0.1%; - AFK System Issue 14 Bond (ISIN code - RU000A101XN7) -0.1%. All corporate bonds have a rating, which allows investors to quickly assess the credit quality of the issuer. In Russia, national rating scales are used. The highest rating is "AAA", the lowest is "C", and there is also the "D" step, which means a real default. The higher the rating, the more reliable the issuer and, as a rule, the lower the yield of its bonds. "AAA" bonds are the most reliable. These are usually large system-forming companies with state participation. Bonds from "A-" to "AA+" are reliable papers. They are invested in by pension funds and other institutional investors. Bonds from "BBB+-" to "BBB+" are a transitional category. These can be reliable companies that are sensitive to adverse market and economic events (for example, an increase in the key rate). Bonds from "B+-" to "BB+" are high-yield issuers (HY). Risks are high, as is the yield. These can be small and medium-sized businesses operating in risky areas. Bonds "CCC", "D" are on the verge of default. These papers have the highest risks. The review was presented by Yulia Grishchenko, a member of the Moscow Exchange Listing Expert Council, PhD in Economics, head of the Financial and Investment Management Department at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.

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