Corporate Bonds Traded on Moscow Exchange Featured in Review

16:56; 10 March 2026 year

### Most Liquid Corporate Bonds Traded on Moscow Exchange Below is a list of the most liquid corporate bonds currently traded on the Moscow Exchange: - **RSKH Bank Bond Series BO-02-002R (ISIN: RU000A1068R1)**: -0.1% - **Polyus Bond Series PBO-04 (ISIN: RU000A108L81)**: +0.5% - **Borets Capital Bond Series 1R-01 (ISIN: RU000A105ZX2)**: -0.1% - **AFK Sistema Bond Series 14 (ISIN: RU000A101XN7)**: +0.3% In Russia, a national rating scale is used. Here’s how it works: - **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 bonds, typically invested in by pension funds and other institutional investors. - **BBB+ to BBB+ rated bonds**: This is a transitional category, including reliable companies that may be sensitive to adverse market or economic events (e.g., a rise in the key interest rate). - **B+ to BB+ rated bonds**: These are high-yield issuers (HY) with high risks and high returns, typically small or medium-sized businesses operating in risky sectors. - **CCC and D rated bonds**: These bonds are on the brink of default, carrying the highest level of risk. 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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