Liquid Corporate Bonds Traded on Moscow Exchange on Thursday Listed Below

15:41; 20 August 2026 year

### Liquid Corporate Bonds Traded on Moscow Exchange on Thursday - Polus PBO-04 bond (ISIN code: RU000A108L81) +0.4% - Borets Capital 001P-05 bond (ISIN code: RU000A10EK71) +0.2% - AFK Sistema Issue 14 bond (ISIN code: RU000A101XN7) +0.1% It is worth noting that all corporate bonds have a credit rating. In Russia, a national rating scale is used, where the highest rating is "AAA" and the lowest is "C". 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"** – The most reliable bonds. These are large systemically important companies, usually with state participation. - **"A-" to "AA+"** – Reliable bonds. These are invested in by pension funds and other institutional investors. - **"BBB-" to "BBB+"** – Transitional category. These may be reliable companies that are sensitive to adverse market and economic events (e.g., an increase in the key interest rate). - **"B-" to "BB+"** – High-yield issuers (HY). Risks are high, as is the yield. These can be small and medium-sized businesses operating in risky sectors. - **"CCC" and "D"** – Bonds on the brink of default. The risks for these bonds are maximum. This overview was presented by Alexey Grishchenko, Doctor of Economics, 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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