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The rating of Odesa confirms at uaАА-31.03.2023 Today, Credit Rating Agency has confirmed a long-term credit rating of the city of Odesa at uaАА-. Rating placed on the CreditWatch. The ranking forecast has been changed from 'negative' to 'developing'. The change in the forecast is due to the city government's efficient policy of local debt management and a significant reduction in the debt burden on the community budget resulting from early repayment of loans taken by the city council. The credit rating is based on the results of the analysis of economic and financial indicators for the 1st-3rd quarters of 2023, information on the city’s demographic situation, labor market, debt obligations, available community property, and long-term plans for the future. An obligor or a debt liability withuaAAcredit rating is characterized with the VERY STRONG creditworthiness as compared to other Ukrainian obligors or debt liabilities. A plus"+"and a minus"-"signs indicate intermediary categoriescompared to the standard categories (grades). A Developing outlook indicates that there is a high possibility for a rating to be changed in the course of the year. Placement on theCreditWatchindicates that the agency is currently considering the rating change due to events or evolving trends which might significantly impact the creditworthiness of such obligor or debt liability. Factors supporting the credit rating:
Factors constraining the credit rating:
A full rating history of the city of Odesa may be found at the Agency’s website. Information on all credit-ratings, assigned by the Agency according to the National Rating Scale, may be found at www.credit-rating.ua as well as in REUTERS, BLOOMBERG, S&P Capital IQ and TRData information systems. For more information,
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