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Keeley Webster

Recent Stories From this Author

Moody's Withdraws Rating on Tehachapi Health GOs
August 19, 2014 Moody's Investors Service on Tuesday withdrew its general obligation bond rating on Tehachapi Valley Healthcare District,...

California School Bond Bill Halved to $4.3 Billion in Committee
August 15, 2014 The Senate Appropriations Committee unanimously approved AB 2235, creating a bond for $4.3 billion - less than half of the $9...

Bankrupt San Bernardino Reaches Agreement with Police Union
August 15, 2014 San Bernardino has reached a tentative agreement with its police union just two months after it struck an agreement with the...

Far West Region Sees 25% Drop in Issuance
August 14, 2014 The Far West Region mirrored the U.S. with municipal bond sales dropping 24.8% during the first half of 2014 compared to the...

San Diego County Snares Triple-A Issuer Rating from Moody's
August 14, 2014 Moody's Investors Service on Thursday upgraded San Diego County's issuer rating to Aaa and bumped up its lease and pension...

Fate of California School Bond Measure in the Balance
August 13, 2014 The fate of a California state school facilities bond measure proposal, originally priced at $9 billion, could be decided...

Moody's: California Schools Face Challenge from New Pension Law
August 13, 2014 Changes to California's school pension contribution laws will create budgetary challenges for the state's school districts...

A West Coast Port Workers' Strike Could Harm U.S. Economy
August 12, 2014 A strike or work slowdown at U.S. West Coast ports could result in the loss of billions of dollars to the U.S. economy if...

Incumbent Hawaii Governor Defeated in Primary
August 11, 2014 Hawaii Sen. Brian Ige defeats Incumbent Gov. Neil Abercrombie in Saturday primary election.

Hawaii Targeting November for Green Energy Securitization
August 7, 2014 Hawaii plans to sell $150 million in bonds in November to fund a program that will provide low-interest loans targeting...


Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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