Russian Corporate Bonds Trade Lower on Moscow Exchange Wednesday

15:19; 18 February 2026 year

### Corporate Bonds Traded on Moscow Exchange on Wednesday - **RSKH (ISIN: RU000A1068R1)**: Russian Agricultural Bank (BO-02-002R) -0.1% - **Polyus (ISIN: RU000A108L81)**: Polyus Gold (PBO-04) -0.4% - **Borets Capital (ISIN: RU000A105ZX2)**: Borets Capital (1R-01) +0.1% - **AFK Sistema (ISIN: RU000A101XN7)**: AFK Sistema (Issue 14) +0.2% All corporate bonds have a credit rating, which helps investors quickly assess the creditworthiness of the issuer. In Russia, a national rating scale is used. The highest rating is "AAA", the lowest is "C", and there is also a "D" rating, which indicates an 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**: These are the most reliable bonds, issued by large systemically important companies, often with state participation. - **A- to AA+ rated bonds**: These are reliable securities, invested in by pension funds and other institutional investors. - **BBB- to BBB+ rated bonds**: This is a transitional category. These may be reliable companies that are sensitive to adverse market and economic events (for example, an increase in the key interest rate). - **B- to BB+ rated bonds**: These are high-yield issuers (HYE). Risks are high, as is the yield. These can be small and medium-sized businesses operating in risky sectors. - **CCC and D rated bonds**: These bonds are on the brink of default. The risks for such securities are maximum. This overview was presented by Alexey Grishchenko, Ph.D., Professor of the Department of Operational and Sectoral Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.

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