An agreement last week that calls for major airlines to pay higher landing fees at Loss Angeles International Airport could help move Standard & Poor's Corp. a step closer toward resolving the airport's CreditWatch listing, a rating agency official said.

In September, Standard & Poor's placed $317 million of Los Angeles Department of Airports revenue bonds on CreditWatch with negative implications, citing concern over the refusal of various airlines to pay the landing fee increase.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.