IBI-Rating has affirmed the credit rating and rating of investment attractiveness of Bila Tserkva city

National rating agency IBI-Rating informs on affirming of the credit rating of Bila Tserkva city at uaВВВ+ grade, with a «stable» outlook and the rating of investment attractiveness at invА- grade.

Such ratings grades represent the city’s high investment attractiveness and sufficient ability to pay off its financial commitments. The «stable» outlook, with the highest probability, implies immutability of the rating on the horizon for 12 months.

Were taken into account: the structure of the economic complex of the city and the dynamics of its key indicators, competitive advantages and disadvantages in comparison with other cities of the country, financial policy efficiency and the budget indicators, the sensitivity of the budget and the city economy to the impact of negative factors.

Bila Tserkva has a rather diversified economy, a powerful industrial complex, a developed trade network, excellent logistical and tourist potential. In the first half of 2019, compared to the corresponding period of the previous year, there was a further increase in a number of indicators of socio-economic development, so retail turnover at comparable prices increased by 18% to UAH 2.5 billion, the volume of construction works - by 86% to UAH 169.8 million. Debt load on the revenue side of the budget of Bila Tserkva city without transfers during 2015-2018 and the first half of 2019 was low. There are 2 industrial parks, with a total area of about 50 hectares, key regional institutions for the provision of administrative services are also located in the city (Center For The Provision Of Administrative Services) and the Kyiv Regional Chamber of Commerce. Competition for business and the cost of labor resources is moderate in comparison with Kyiv and some regional centers. At the same time, there is some competition for labor resources versus Kyiv, due to the relative proximity of the capital to Bila Tserkva.

According to the Agency, key city enterprises are still vulnerable to the configuration of open markets, and the need to upgrade the city's capital base remains significant, which may lead to increased activity of the city and utilities in the medium-term borrowing market.

In order to conduct the analytical research the materials obtained from Bila Tserkva city have been used, including: indicators of the social and economic development, statistical data, treasury statements, program materials, other necessary internal information, as well as the information from the public sources, which the Rating agency considers credible.

Municipal department
For more information please contact:
Press service of IBI-Rating
(044) 362-90-84