Kramatorsk was awarded sufficient credit rating

Краматорску присвоили достаточный рейтинг кредитоспособности

Rating Agency IBI-Rating has assigned to Kramatorsk, Donetsk region credit rating uaBBB+ with stable Outlook and the rating of investment attractiveness invВВВ.

Olfin about it it became known from the message of the Agency.

These ratings reflect a satisfactory capacity of the city to pay on its debt and sufficient investment attractiveness. The stable Outlook assumes the absence of reasons to change the rating during the year.

When you research the used materials of the city Council, including indicators of socio-economic development, statistical data, Treasury reporting, program materials, and other internal information and information from open sources.

In particular, it is noted that in 2016-2018, the volume of realized industrial output of the city increased by a third to UAH 26.3 billion (in per capita is 2.4 times higher than the national average), the city’s low unemployment, high wages and no debts on its payment. Today 40% of the city’s industry are machinery manufacturing, 10% – production of steel structures, is also actively developing trade and services.

This period saw the increase in receipts in the budget 1.5 times to UAH 2.4 bn. Own revenues of Kramatorsk increased 1.6% to UAH 1.1 bn. They are based on taxes, a fifth of which is formed by Novokramatorsk machine-building plant, which makes the budget sensitive to the activities of the enterprise.

Budget funds are mainly for protected articles. In addition, the growth in the analyzed period, funds for development of infrastructure, including jointly with international financial and humanitarian organizations. Low debt burden (about 2%) on the revenue side of the budget enables city authorities to attract additional funding, including for infrastructure projects. Security budget (UAH 5.8 thousand per person) the city is below the average for the country, but this difference is reduced.