On the Dynamics of Trading Corporate Bonds

16:40; 04 December 2025 year

Below are the most liquid corporate bonds traded on the Moscow Exchange: - RSXH Bank Bond Issue B02-002R (ISIN code - RU000A1068R1) +0.1%; - Polyus PBO-04 Bond (ISIN code - RU000A108L81) -0.3%; - Borets Capital 1R-01 Bond (ISIN code - RU000A105ZX2) +0.1%; - AFK System Issue 14 Bond (ISIN code - RU000A101XN7) -0.1%. It should be noted that all corporate bonds have a rating. This rating allows investors to quickly assess the credit quality of the issuer. In Russia, the national rating scale is used. The highest rating is "AAA", the lowest is "C", and there is also the "D" category, which means actual default. The higher the rating, the more reliable the issuer and, as a rule, the lower the yield on its bonds. "AAA" rated bonds are the most reliable. These are large system-forming companies, usually with state participation. Bonds from "A-" to "AA+" are reliable. These 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 interest 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 sectors. Bonds "CCC", "D" are on the verge of default. These securities have the highest risks. The review was presented by Yulia Grishchenko, a member of the listing expert council of the Moscow Exchange, 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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