Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
An important disclaimer is at the bottom of this article.
Moscow Exchange became one of the first issuers to receive a non-credit rating from the National Credit Ratings Agency (NCR). MOEX shares have a target price of 226 rubles, representing a 39% return potential.yu1sch until the end of 2026, including dividends. The calculation is based on fundamental analysis.
The National Committee of the Russian Stock Exchange (NCR) noted Moscow Exchange's leading position in the Russian capital market, the stability and diversification of its business model, the active development of new products, and its proven dividend history. The NCR also highly praised the Exchange's investor protection, reflecting the quality of its corporate governance.
Anton Terentyev, Director of Investor Relations at Moscow Exchange:
"The rating represents a nearly 40% return potential for Moscow Exchange shares, confirming the sustainability and viability of our business model. We are pleased that, as a result of our proactive work and ongoing dialogue with the investment community, Moscow Exchange is among the first few companies to receive non-credit ratings. By participating in the new ratings system, the exchange has sent a positive signal to investors and set a benchmark for other Russian issuers."
The methodology for assigning the NCR non-credit rating to public company shares has been approved by the Bank of Russia. The scale was developed to help investors better navigate securities on the Russian market. For issuers, the rating also serves as a signal for improving corporate governance and adhering to investor protection practices.
Non-credit ratings became a logical continuation Shareholder Value Creation Programs, which was launched in 2025 by the Bank of Russia jointly with the Moscow Exchange. As part of the program, the exchange calculates and publishes Moscow Exchange Value Creation Index, including securities of issuers with high growth potential.
Moscow Exchange is Russia's largest exchange and the only multifunctional platform for trading stocks, bonds, derivatives, currencies, money market instruments, and commodities. The Moscow Exchange Group includes a central depository and a clearing center that acts as a central counterparty in the markets, enabling Moscow Exchange to provide its clients with a full range of trading and post-trading services.
yu1sch Relative to the closing price on January 16, 2026. Media contact: 7 (495) 363-3232PR@moex.com
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.