For over ten years, the Financial Department of Odessa City Council has been collaborating with rating agencies to evaluate the city's credit rating.
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 rating is based on an analysis of economic and financial indicators from 2024, as well as forecasts for 2025, including demographic data, labor market conditions, information on the city’s debt obligations, and future development plans.
Supporting factors for the credit rating:
• a high level of budget security: the ratio of the general fund income per capita to the average local budget indicator was 105.4% for 2024;
• growth in the municipality's budget income (excluding transfers) from 2014 to 2024, as well as high liquidity indicators;
• diversification of the city’s economic activities and low concentration of tax revenues;
• a low level of consolidated debt burden and effective local debt management policies.
Limiting factors for the credit rating:
• the negative impact of Russian military aggression on Ukraine's financial market and overall economy;
• a high demand for additional funding, particularly for restoring municipal infrastructure and housing services.