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Keeley Webster

Senior reporter
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  • idaho-highway-AdobeStock_136488323
    Litigation
    Legal settlement a plus for city in Idaho

    Pocatello agreed to a $4.5 million settlement in the class action lawsuit about utility fees.

    By Keeley Webster
    August 27
  • davidson_duane_washington
    Ratings
    Washington gets an upgrade to triple-A

    It's Moody's first upgrade of the state since 1997.

    By Keeley Webster
    August 23
  • Los Angeles County Supervisor Shiela Kuehl
    Sell side
    Los Angeles County drafting policy to encourage diversity on bond teams

    County supervisors gave the treasurer and tax collector 180 days to come back with recommendations for a public finance diversity and inclusion initiative.

    By Keeley Webster
    August 23
  • A firefighter searches a burned-out building in Paradise, California, U.S., on Thursday, Nov. 15, 2018.
    Ratings
    Fire-ravaged California town's pension bonds snag an upgrade

    The bonds sold for Paradise, the town nearly leveled by a 2018 fire, remain at speculative grade.

    By Keeley Webster
    August 22
  • Far West-Stats-Chart-8-2019
    Statistics reports
    Refunding retreat sends Far West to first-half drop in muni issuance

    Issuers in the nine-state Far West region sold $34.6 billion of municipal bonds in 2019's first six months.

    By Keeley Webster
    August 22
  • California State Treasurer Fiona Ma speaks at the Ceres sustainability conference in San Francisco on April 30, 2019.
    Enforcement actions
    California drops IFS Securities from deal in fallout over trading improprieties

    Market participants are questioning IFS' future and how a rogue trader engaged in unsupervised trades.

    By Yvette Shields
    August 21
  • Gavin Newsom, Democratic candidate for governor of California, gestures as he speaks during a primary election watch party in San Francisco, California, U.S., on Tuesday, June 5, 2018. He was elected governor in November.
    Water bonds
    California board approves $1.3 billion to tackle drinking water problems

    The funds will be used to help local water systems provide safe drinking water.

    By Keeley Webster
    August 21
  • The new Gerald Desmond Bridge is being built alongside the existing bridge at the Port of Long Beach, California.
    Career moves
    Long Beach, California, city manager makes his exit

    After 39 years in the public sector, Pat West will become a consultant.

    By Keeley Webster
    August 20
  • California Treasurer Fiona Ma during an interview in San Francisco, California, U.S., on Tuesday, Dec. 18, 2018. She will be sworn in as state treasurer on Jan. 7, 2019.
    Sell side
    California's big bond calendar buoyed by Fitch upgrade

    Fitch Ratings upgraded California general obligation bonds to AA from AA-minus, the state's first upgrade in three years.

    By Keeley Webster
    August 16
  • Xavier Becerra, a Democrat who was then a U.S. Representative from California, speaks in Washington, D.C. on April 6, 2016. He became California attorney general in January 2017.
    Utilities
    Economics likely to trump laws and regulations as fight over coal continues

    California joined 21 other states and seven local governments to sue the federal government in an effort to overturn what they see as pro-coal rulemaking.

    By Keeley Webster
    August 15
  • southwest-plane-bl.jpg
    Ratings
    Hawaii airport deal scores a positive outlook ahead of pricing

    Southwest Airlines' decision to enter the Hawaii market helped spur a positive outlook from Moody's.

    By Keeley Webster
    August 12
  • William Cox is a Senior Managing Director at Kroll Bond Rating Agency, where he leads the Funds group and is senior leader of the Public Finance team.
    Ratings
    Why the troubled Los Angeles schools got an upgrade to triple-A

    A review after the Puerto Rico special revenues court ruling led Kroll Bond Rating Agency to upgrade the Los Angeles Unified School District's GO bonds.

    By Keeley Webster
    August 8
  • San Francisco International Airport construction of an extension to the AirTrain people mover in 2019.
    Primary bond market
    San Francisco airport will price into market hungry for California paper

    The airport will sell $1.2 billion of revenue bonds as it proceeds with more than $7 billion of capital improvements.

    By Keeley Webster
    August 8
  • Voting in San Francisco
    Litigation
    San Francisco judge's tax ruling viewed favorably by Moody's

    Moody's deemed the ruling a credit positive, because it provides more flexibility to raise taxes.

    By Keeley Webster
    August 2
  • State Controller Betty Yee at the 2019 California Democratic Party State Convention at the George R. Moscone Convention Center in San Francisco, California on June 1, 2019.
    State budgets
    Finger-pointing on California's late CAFR as investors shrug

    The state auditor raised questions about how the state controller reported California's OPEB liability in the report, which took 11 months to release.

    By Keeley Webster
    August 1
  • Michael Dunleavy, governor of Alaska, speaks during the 2019 CERAWeek by IHS Markit conference in Houston, Texas, U.S., on Friday, March 15, 2019
    State budgets
    Budget cuts drive University of Alaska to consolidate its campuses

    University of Alaska President Jim Jensen has six weeks to craft a plan to consolidate three universities.

    By Keeley Webster
    July 31
  • A firefighter searches a burned-out building in Paradise, California, U.S., on Thursday, Nov. 15, 2018.
    Utilities
    California's wildfire fund is positive for state and localities, Moody's says

    A new state law established the wildfire fund to provide a financial buffer for claims against utilities.

    By Keeley Webster
    July 26
  • Construction of SANDAG's Mid-Coast Transit Project, a San Diego Trolley extension to La Jolla reached its halfway point in spring 2019 and service is anticipated to begin in late 2021.
    Primary bond market
    San Diego agency brings $331 million in green bonds, including turbos

    The San Diego Association of Governments deal, backed by a federal capital grant, is structured to allay investor concerns about funding delays.

    By Keeley Webster
    July 25
  • Mike Dunleavy is sworn in as Alaska's governor on December 3, 2018 in Kotzebue.
    Higher education bonds
    State cuts push University of Alaska toward extreme downsizing

    Facing Gov. Mike Dunleavy's 40% cut in state funding, the regents passed a measure allowing it to lay off tenured professors and close campuses.

    By Keeley Webster
    July 23
  • Dan Morissette, chief financial officer of CommonSpirit Health at its 2019 creation. Before that he was CFO of Dignity Health, which merged into CommonSpirit
    Sell side
    Muni market expected to easily absorb enormous healthcare deal

    CommonSpirit Health will sell $2.7 billion of taxable bonds and $3.1 billion of tax-exempt debt, with BBB-plus ratings, into a supply-starved market.

    By Keeley Webster
    July 18
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