Credit Rating Assessment of Odessa in 2025

Recognizing the critical importance of a qualified credit rating assessment, the Finance Department of Odessa City Council has collaborated 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-, maintaining a «stable» outlook.

The credit rating is based on an analysis of economic and financial metrics for 2024 and anticipated indicators for 2025, demographic data, labor market status, and information regarding the city's debt obligations.

Supporting factors for the credit rating:
• high budget sufficiency: the ratio of the community's general fund revenues per capita to the average for local budgets was 105.4% in 2024;
• growth in community budget revenues (excluding transfers) from 2014 to 2024;
• diversification of the city's economic activities and low concentration of budget revenues from major taxpayers;
• low consolidated debt burden and effective local debt management policies, alongside a strong credit history.

Limiting factors for the credit rating:
• negative effects of Russian military aggression on the financial market and the overall economy of Ukraine;
• high demand for additional funding, particularly for the restoration of urban infrastructure.