Liquid Corporate Bonds Traded on Moscow Exchange on Thursday Listed Below

14:41; 24 September 2026 year

### Liquid Corporate Bonds Traded on Moscow Exchange on Thursday - **Polus PBO-04 bond (ISIN: RU000A108L81)**: -0.4% - **Borets Capital 001P-05 bond (ISIN: RU000A10EK71)**: -0.2% - **AFK Sistema Issue 14 bond (ISIN: RU000A101XN7)**: -0.3% All corporate bonds in Russia have a credit rating, which is assessed on a national scale. The highest rating is **"AAA"**, and the lowest is **"C"**, with the **"D"** rating indicating an actual default. Generally, the higher the rating, the more reliable the issuer and the lower the yield on its bonds. - **"AAA"**: The most reliable bonds issued by large systemically important companies, often with state participation. - **"A-" to "AA+"**: Reliable bonds typically invested in by pension funds and other institutional investors. - **"BBB-" to "BBB+"**: Transitional category, issued by companies that may be sensitive to adverse market or economic events (e.g., an increase in the key interest rate). - **"B-" to "BB+"**: High-yield bonds (HYBs) with high risks and high returns, often issued by small and medium-sized businesses operating in risky sectors. - **"CCC" and "D"**: Bonds on the brink of default, carrying maximum risks. This overview was presented by Alexey Grishchenko, Ph.D., Professor at the Department of Operational and Sectoral Management at the **Higher School of Management** of the Financial University under the Government of the Russian Federation.

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