Corporate Bonds on MICEX Majorly Rise

15:16; 03 February 2026 year

### Most Liquid Corporate Bonds Traded on Moscow Exchange Below is a list of the most liquid corporate bonds traded on the Moscow Exchange: - **RSKH Bond Series BO-02-002R (ISIN: RU000A1068R1)**: -0.1% - **Polyus Bond Series PBO-04 (ISIN: RU000A108L81)**: +1% - **Borets Capital Bond Series 1R-01 (ISIN: RU000A105ZX2)**: -0.1% - **AFK Sistema Bond Series 14 (ISIN: RU000A101XN7)**: -0.6% In Russia, national credit rating scales are used, with the following categories: - **AAA**: The most reliable bonds issued by large systemically important companies, often with state participation. - **A- to AA+**: Reliable bonds typically invested in by pension funds and other institutional investors. - **BBB+ to BBB+**: Transitional category, issued by companies that may be sensitive to adverse market or economic events (e.g., interest rate hikes). - **B+ to BB+**: High-yield bonds with higher risks and returns, often issued by small and medium-sized businesses in riskier sectors. - **CCC, D**: Bonds at the brink of default, carrying maximum risks. This overview was presented by Yulia Grishchenko, Ph.D. in Economics, Head of the Department of Financial and Investment Management at the Higher School of Management, Financial University under the Government of the Russian Federation, and a member of the Moscow Exchange Listing Expert Council.

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