Russian Corporate Bond Trading Shows Mixed Dynamics on MICEX Thursday

14:46; 29 October 2026 year

### Liquid Corporate Bonds Traded on Moscow Exchange on Thursday - **Polus PBO-04 bond (ISIN code: RU000A108L81)** +0.1% - **Borets Capital 001P-05 bond (ISIN code: RU000A10EK71)** -0.5% - **AFK Sistema bond series 14 (ISIN code: RU000A101XN7)** -0.2% All corporate bonds listed on the Moscow Exchange 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" category, which indicates a default. The higher the rating, the more reliable the issuer and, generally, the lower the yield on its bonds. - **"AAA" bonds** are the most reliable. These are usually large systemically important companies, often with state participation. - **Bonds rated from "A-" to "AA+"** are considered reliable. They are typically invested in by pension funds and other institutional investors. - **Bonds rated from "BBB-" to "BBB+"** are transitional. These can be reliable companies that are sensitive to adverse market and economic events (e.g., an increase in the key interest rate). - **Bonds rated from "B-" to "BB+"** are high-yield issuers (HY). The risks are high, as is the yield. These may be small or medium-sized businesses operating in risky sectors. - **"CCC" and "D" rated bonds** are on the brink of default. The risks associated with these bonds are maximum. This overview was prepared by Alexey Grishchenko, Doctor of Economics, Professor at the Department 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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