The Prediction of Default of Russian Corporate Bond Issuers

Student: Mnoyan Gevork

Educational Programme: Economics (Bachelor)

Year of Graduation: 2017

This research analyzes Russian corporate bond issuers from 2008 to 2017. In this study 3 models were constructed based on which default predictions of corporate bonds can be made. This research considers the specificity of Russian market with his high level of volatility, unlike all the models, derived by foreign authors. Debt market is very volatile and unpredictable, so this study would be very useful as for investors, who make the decision to buy or not to buy the bond, and also for the corporations, with the help of this paper they will have the chance to estimate correctly firm’s trend direction and make the company much more successful.

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