Given the critical importance of accurately assessing the credit rating of the city of Odessa, the Finance Department of the Odessa City Council has partnered with rating agencies for over a decade.
On May 14, 2025, the independent rating agency «Credit-Rating» confirmed the long-term credit rating of Odessa at uaAA-, with a «stable» outlook.
This credit rating is based on the analysis of economic and financial indicators for 2024, as well as projected data for 2025, including demographic conditions, labor market status, debt obligations, municipal assets, and future plans.
Supporting factors for the credit rating:
• a high level of budget support: the ratio of general fund budget revenues per resident exceeds the average for local budgets at 105.4% for 2024;
• revenue growth in the community budget from 2014 to 2024 and strong liquidity indicators;
• diversification of the city's economic activities and low concentration of revenues from primary taxpayers;
• low level of consolidated budget debt and effective management of local debt by city authorities.
Limiting factors for the credit rating:
• negative effects of Russian military aggression on the financial market, overall economic conditions, and socio-economic development of communities;
• high need for additional financing for the restoration of city infrastructure and utilities.
