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Market Intelligence:
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Keeley Webster

Senior reporter
Connect with Keeley
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  • Mayor Karen Bass speaks in Los Angeles on April 15, 2023.
    California
    Los Angeles warned of widening budget deficit

    A report the by the city administrative officer about the city's looming deficit underscores challenges facing Los Angeles Mayor Karen Bass.

    By Keeley Webster
    December 13
  • Trucks arriving from Mexico waiting for inspection at Otay Mesa point of entry in San Diego
    Trends in the Regions
    Border states weigh risks from Trump's threatened tariffs

    Border cities like San Diego have obvious concerns about the impact of a trade war, but the ripples would extend into the South and Midwest, analysts say.

    By Keeley Webster
    December 13
  • California's State Capitol in Sacramento
    Ratings
    California rating outlook raised to stable by Moody's

    The rating agency cited an easing of the state's fiscal challenges for lifting the outlook on the state's Aa2 rating to stable from negative.

    By Keeley Webster
    December 10
  • 586553307-bb_podcast_1080x1920_1.png
    Public finance
    California Treasurer talks bonds, housing and lieutenant governor bid

    Bond Buyer senior reporter Keeley Webster hosted a wide-ranging discussion on the state's fall bond slate, housing, and second-term priorities with California Treasurer Fiona Ma and Deputy Treasurer of Public Finance John Sheldon.

    By Keeley Webster
    December 10
  • Palomar Health's Palomar Medical Center Escondido, in Escondido, California.
    Downgrades
    California health district's financial woes could lead to bond covenant breaches

    The San Diego County-based healthcare district is at risk of "breaching financial covenants which, absent lender cooperation, could lead to acceleration of all of Palomar's outstanding revenue debt," Moody's Ratings analysts wrote.

    By Keeley Webster
    December 9
  • Massive fires burning in northern California and Oregon in September blanketed San Francisco with smoke.
    Trends in the Regions
    California's climate resilience fund takes aim at state's wildfire scourge

    California's IBank has partnered with an insurer and fire resilience fund to pay for fire resilience programs.

    By Keeley Webster
    December 6
  • Aerial view of Alameda and Oakland, California
    Downgrades
    Oakland receives Fitch downgrade as city flirts with insolvency

    The trifecta of sports team exits, homelessness and city leadership turnover has placed the San Francisco Bay area city on shaky fiscal ground.

    By Keeley Webster
    December 3
  • Bankruptcy
    Fitch: Spirit Airlines bankruptcy won't impact airport ratings

    The Fitch Ratings commentary considered ratings of airports in Florida, Nevada and South Carolina, which are most dependent on the airline for passenger traffic.

    By Keeley Webster
    November 25
  • The Victory Pass and Arica solar and battery storage project in Riverside County, California
    Anatomy of a Deal
    Anatomy of a deal: California Community Choice authority's ESG winner

    The prepaid electricity bond deal issued by the California Community Choice Financing Authority for the Clean Power Allliance was record-setting in size.

    By Keeley Webster
    November 22
  • Gabriel Petek was named California's Legislative Analyst in 2019.
    State budgets
    AI-driven stock market boost sets California up for a balanced budget

    AI champ Nvidia and three other tech companies are driving a stock market surge resulting in California revenues coming out $7 billion above expectations set when the 2024-25 budget was approved in July.

    By Keeley Webster
    November 21
  • Eric Hoffmann, associate managing director, Moody's Ratings
    Bond ratings
    CDIAC panel drills down into ratings landscape

    Credit ratings and the role of rating agencies have changed in response to an evolving market over the past 16 years, according to speakers during an online California Debt and Investment Advisory Commission.

    By Keeley Webster
    November 20
  • Hawaii Gov. Josh Green consults with officials in Maui on Aug. 10, 2023, after a deadly wildfire
    Hawaii
    Hawaii plans to price $750 million in GOs in early December

    The Aloha State received three rating affirmations as it prepares to sell $750 million of taxable general obligation bonds.

    By Keeley Webster
    November 15
  • Students at James Monroe High School in Los Angeles Unified School District.
    Anatomy of a Deal
    Anatomy of a deal: Los Angeles Unified's Far West winner

    The Los Angeles school district was at the forefront of a Build America Bond refunding wave with its $2.9 billion deal.

    By Keeley Webster
    November 15
  • University of California, Berkeley buildings
    Trends in the Regions
    Headwinds buffet California's public university systems

    Pressure on the state budget level is being felt by both the University of California and California State University systems.

    By Keeley Webster
    November 1
  • Shelby-San-Vicente-BAM
    Trends in the Regions
    Despite budget issues, California school deal generates strong orders

    Build America Mutual insured the majority of the maturities in the West Contra Costa Unified School District GO deal.

    By Keeley Webster
    October 25
  • Vacant storefront in San Francisco
    Ratings
    San Francisco loses Aaa rating to Moody's downgrade

    San Francisco's slow recovery from the pandemic and continued financial pressures drove the downgrade, Moody's analysts said.

    By Keeley Webster
    October 24
  • Signage stands outside the offices of the California Public Employees' Retirement System (CalPERS) in Sacramento on Sept. 13, 2010
    Trends in the Regions
    Behemoth CalPERS sets the tone for public pension funds

    A preliminary 9.3% return on investments in the year ending June 30 brought CalPERS' funded ratio to 75%, the public pension fund reported.

    By Keeley Webster
    October 18
  • California federal and state lawmakers break ground for a 750-acre project to restore the Salton Sea
    ESG
    California federal and state lawmakers laud progress on Salton Sea project

    The state received $250 million in federal funding to expand a Salton Sea restoration project in Imperial County, near the Mexican border.

    By Keeley Webster
    October 16
  • Chip Barnett and John Hallacy
    Obituaries
    Former Bond Buyer reporter Chip Barnett dies at 67

    Mr. Barnett, whose journalism career stretched nearly half a century, was a "consummate professional," who was well-liked by colleagues and muni industry professionals.

    By Keeley Webster
    October 11
  • Michael S.F. Burger, a director in Fitch's U.S. Public finance, not-for-profit Healthcare division.
    Ratings
    California hospital receives rating outlook boost to positive

    Fitch revised upward its outlook for Marin General Hospital and affirmed its revenue bonds at BBB, and general obligation bonds at AA-minus.

    By Keeley Webster
    October 9
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