Russian Corporate Bonds Trade Lower on Moscow Exchange Wednesday

15:54; 16 September 2026 year

### Corporate Bonds Traded on Moscow Exchange on Wednesday - **Polus (PBO-04)** (ISIN code: RU000A108L81) -0.2% - **Borets Capital Bond 001P-05** (ISIN code: RU000A10EK71) +0.1% - **AFK Sistema (Issue 14)** (ISIN code: RU000A101XN7) -0.3% 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, where the highest rating is "AAA" and the lowest is "C", with an additional "D" level indicating actual default. Generally, the higher the rating, the more reliable the issuer and the lower the bond yield. - **AAA-rated bonds** are the most reliable, typically issued by large systemically important companies, often with state participation. - **A- to AA+ rated bonds** are considered reliable and are favored by pension funds and other institutional investors. - **BBB- to BBB+ rated bonds** represent a transitional category, often issued by companies that are sensitive to adverse market or economic events (e.g., interest rate hikes). - **B- to BB+ rated bonds** are high-yield issuers (HY), carrying higher risks and higher yields. These are typically small and medium-sized businesses operating in riskier sectors. - **CCC and D rated bonds** are on the brink of default, carrying maximum risks. This overview was presented by Alexey Grishchenko, Ph.D., Professor 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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