Russian Corporate Bond Trading Dynamics on MICEX Thursday

15:10; 05 February 2026 year

### Corporate Bond Trading Dynamics on Thursday at Moscow Exchange The most liquid corporate bonds traded on the Moscow Exchange are listed below: - RSXB (ISIN: RU000A1068R1) +0.1% - Polyus PBO-04 (ISIN: RU000A108L81) +0.1% - Borets Capital 1R-01 (ISIN: RU000A105ZX2) +0.1% - AFK Sistema Series 14 (ISIN: RU000A101XN7) +0.7% All corporate bonds in Russia have a credit rating, which is measured on a national scale. The highest rating is "AAA", the lowest is "C", and the category "D" indicates a default. Higher-rated bonds are considered safer and typically offer lower yields. - **AAA**: The most reliable bonds issued by large systemically important companies, often with state participation. - **A- to AA+**: Reliable bonds often invested in by pension funds and other institutional investors. - **BBB- to BBB+**: Transitional category. These may be reliable companies but are sensitive to adverse market or economic events (e.g., an increase in the key interest rate). - **B- to BB+**: High-yielding bonds (HYBs). High risk, high return. These can be small or medium-sized businesses operating in risky sectors. - **CCC, D**: Bonds at the brink of default, with maximum risk. 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 Moscow Exchange Listing Expert Council.

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