Russian Corporate Bonds Trade Lower on Moscow Exchange Wednesday

15:16; 22 July 2026 year

### Corporate Bonds Traded on Moscow Exchange on Wednesday Below is a list of corporate bonds traded on the Moscow Exchange (MosБиржа) on Wednesday: - **Polus (PBO-04)** (ISIN code: RU000A108L81) +0.8% - **Borets Capital Bond 001P-05** (ISIN code: RU000A10EK71) +0.6% - **AFK Sistema Issue 14** (ISIN code: RU000A101XN7) -0.6% All corporate bonds have a credit rating, which allows investors to 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. Generally, the higher the rating, the more reliable the issuer and, typically, the lower the yield on its bonds. - **AAA bonds** are the most reliable, issued by large systemically important companies, often with state participation. - **A- to AA+ bonds** are reliable securities, favored by pension funds and other institutional investors. - **BBB- to BBB+ bonds** are a transitional category, representing companies that may be sensitive to adverse market or economic events (e.g., an increase in the key interest rate). - **B- to BB+ bonds** are high-yield issuers (HY), with higher risks and yields, often issued by small or medium-sized businesses operating in risky sectors. - **CCC and D bonds** are on the brink of default, carrying the highest risks. This overview was presented by Alexey Grishchenko, Ph.D., Professor at the Department of Operational and Sectoral Management of the Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.

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