Corporate Bond Trading Results on MICEX Exchange

15:09; 20 January 2026 year

### Most Liquid Corporate Bonds Traded on Moscow Exchange on Tuesday - **RSKH Bond Series BO-02-002R (ISIN: RU000A1068R1)**: -0.1% - **Polyus Bond Series PBO-04 (ISIN: RU000A108L81)**: +0.1% - **Borets Capital Bond Series 1R-01 (ISIN: RU000A105ZX2)**: +0.3% - **AFK Sistema Bond Series 14 (ISIN: RU000A101XN7)**: +0.1% **Russia uses a national credit rating scale.** - **AAA bonds**: The most reliable, issued by large systemically important companies, often with state participation. - **A- to AA+ bonds**: Reliable bonds, commonly invested in by pension funds and other institutional investors. - **BBB- to BBB+ bonds**: Transitional category, typically issued by companies that may be sensitive to adverse market or economic events (e.g., interest rate hikes). - **B- to BB+ bonds**: High-yield bonds (HY), higher risks and higher returns, often issued by small and medium-sized businesses operating in riskier sectors. - **CCC and D bonds**: On the brink of default, carry maximum risks. This overview was presented by Yulia Grishchenko, Ph.D. in Economics, Head of the Department of Financial and Investment Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation, and a member of the Expert Council on Listing at the Moscow Exchange.

Investment

Events

Niches and markets

Technologies and trends

Development infrastructure