Russian Corporate Bonds Trade Lower on Moscow Exchange Wednesday

16:13; 21 October 2026 year

### Corporate Bonds Traded on Moscow Exchange Wednesday - **Polus (PBO-04)** (ISIN code: RU000A108L81) -0.3% - **Borets Capital Bond 001P-05** (ISIN code: RU000A10EK71) -0.5% - **AFK Sistema (Issue 14)** (ISIN code: RU000A101XN7) +0.2% All corporate bonds have a credit rating that 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 the "D" rating indicating actual default. The higher the rating, the more reliable the issuer and, typically, the lower the bond yield. - **AAA-rated bonds** are the most reliable, issued by large systemically important companies, often with state participation. - **A- to AA+ rated bonds** are reliable securities, typically invested in by pension funds and other institutional investors. - **BBB- to BBB+ rated bonds** are transitional category, representing companies that may be sensitive to adverse market and economic events (e.g., interest rate hikes). - **B+ to BB+ rated bonds** are high-yielding issuers (HY), with higher risks and higher yields, often issued by small and medium-sized businesses operating in risky sectors. - **CCC and D rated 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 "Higher School of Management" Faculty at the Financial University under the Government of the Russian Federation.

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