Considering the significant importance of a qualified credit rating assessment for Odessa, the Finance Department of the Odessa City Council has been collaborating with rating agencies for over a decade.

On May 14, 2025, the independent rating agency «Credit-Rating» confirmed Odessa's long-term credit rating at uaAA-, with a «stable» outlook.

This credit rating is based on an analysis of economic and financial indicators from 2024, alongside expected figures for 2025, demographic data, labor market conditions, information about the city’s debt obligations, available municipal assets, and future plans.

Factors Supporting the Credit Rating:
• a high level of budget security: the ratio of the general fund revenues per capita to the average of local budgets (excluding transfers) for 2024 was 105.4%;
• growth in community budget revenues (excluding transfers) from 2014 to 2024, along with solid liquidity indicators;
• diversification of the city’s economy and low concentration of budget revenues from main taxpayers;
• a low level of consolidated budget debt and effective municipal management of local debt to optimize its volume and structure.

Factors Limiting the Credit Rating:
• negative effects of Russian military aggression on the financial market, the overall economy, the socio-economic development of specific communities, and the state of public and local finances;
• a high demand for additional financing, including for the restoration of urban infrastructure and housing services.