LOS ANGELES — Moody’s Investors Service downgraded Ontario International Airport’s revenue bonds to Baa1 from A3 affecting $67.1 million in outstanding bonds. The outlook is stable.

Ontario officials have been battling with Los Angeles World Airports for the past three years in efforts to regain local control of the airport. LAWA, a Los Angeles city agency, controls the Ontario airport, Los Angeles International Airport and two other regional airports in Los Angeles County.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

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