KYIV, Nov 1 – The international rating agency S&P Global Ratings has affirmed the Long-term Issuer Credit Rating of Kyiv at "B" with a stable outlook.

Kyiv will be able to maintain strong financial performance in 2021-2023, economic recovery will support income growth, make high cost growth manageable, the agency said in its statement.

It explained the stable outlook with expectations that more favorable economic conditions would directly influence the Ukrainian capital's strong financial performance in 2021-2023, with the deficit amounting to an average of 1.2% of the city's budget.