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La Plata Tops Municipal Credit Rankings With A- Long, A2 Short From Fix SA

The Fitch‑affiliated assessment cites improved finances and transparency following payroll cuts, biometric controls and audits.

Overview

  • La Plata was rated A- for long term and A2 for short term by Fix SA, placing it first nationally among municipalities.
  • The city leads the long‑term ranking ahead of Mendoza, Rosario, Río Cuarto and Comodoro Rivadavia, and ties Mendoza for the top short‑term spot.
  • Officials reported a 27% rise in cash availability in 2024 and said financial autonomy increased from 46% in 2023 to 53% in 2024, with a goal of 59% this year.
  • The administration attributes the fiscal turnaround to a near‑50% staff reduction, biometric attendance controls and internal and external audits, alongside stronger own‑revenue collections.
  • La Plata also received top marks in the provincial Transparency and Visibility Index, with local authorities saying a national transparency score moved from 0 to 100.