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Market Intelligence:
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Legal
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Market Data

Keeley Webster

Senior reporter
Connect with Keeley
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  • Bond ratings
    Colorado River water users' ratings safe for now, S&P says

    A draft environmental report released by a federal agency could threaten California and Arizona's water supply, if the states don't reach an agreement on their own to protect the Colorado River.

    By Keeley Webster
    May 1
  • newsom-tulare-lake
    Disaster planning
    Storm-ravaged California weighs flood-control bond measures

    A series of atmospheric rivers and cyclone bomb storms in California have resulted in billions in damage. Lawmakers look to bond measures to help prevent future problems.

    By Keeley Webster
    April 27
  • Climate change
    Supreme Court rejects bid to move climate change lawsuits

    The oil companies had petitioned the justices to have climate change lawsuits brought by state and local governments heard in federal courts instead of state courts.

    By Keeley Webster
    April 26
  • Hospitals and clinics
    Hearing delayed for bill challenging Calif. AG's oversight of hospital sales

    Attorney General Rob Bonta faces criticism for restrictions that caused the collapse of a proposed buyout of a troubled Central Valley hospital.

    By Keeley Webster
    April 14
  • ESG
    Faster electric vehicle adoption may accelerate credit risk, Moody's says

    Moody's Investors Service ran a series of stress tests on $38 billion in state highway revenue bonds it rates to gauge the risk to fuel-tax backed bonds.

    By Keeley Webster
    April 10
  • Ratings
    Providence St. Joseph Health downgraded for third time in three weeks

    Moody's Investors Service downgraded Providence St. Joseph Health a notch to A2, following similar moves by S&P Global Ratings and Fitch Ratings.

    By Keeley Webster
    April 4
  • California
    California treasurer to cover bond payments for flood-damaged Tulare lab

    The Tulare lab is not required to make lease payments that pay the debt if the building is rendered inoperable.

    By Keeley Webster
    April 3
  • Primary bond market
    Irvine, California, to weigh $455M in bonds for Great Park

    The City Council will vote Tuesday night on whether to approve bonds for the formerly stalled project.

    By Keeley Webster
    March 27
  • Washington
    Washington Senate's budget leaves out governor's housing bond proposal

    Gov. Jay Inslee's plan to put a $4 billion housing bond before voters was discarded by budget writers in the state Senate.

    By Keeley Webster
    March 22
  • moodys-sign-bl-022112
    School bonds
    Downgrade to junk for a Northern California charter school group

    Redwood City-based Summit Public Schools had its bond rating downgraded to Ba3 from Baa3 by Moody's and its outlook revised to negative.

    By Keeley Webster
    March 21
  • Private activity bonds
    Cascade County, Montana, to sell bonds for waste-to-diesel plant

    The $250 million in debt being issued for Montana Renewables is equal to nearly half the state's issuance for last year.

    By Keeley Webster
    March 20
  • Banking Crisis 2023
    Municipal market contemplates fallout from banking crisis

    The collapse of Silicon Valley Bank and Signature Bank clouds the economic landscape and complicates monetary policy decisions but it's a long way off from the troubles banks and broker-dealers faced in the 2008 financial crisis.

    By Yvette Shields, Christine Albano, Chip Barnett, Caitlin Devitt, Connor Hussey, Jessica Lerner, Thomas Nocera, Gary Siegel and Keeley Webster
    March 17
  • California
    No California RANs this year despite income tax filing extension

    The income tax filing deadline for 51 of California's 58 counties was moved to October, which means the usual April read on revenues may be less informative.

    By Keeley Webster
    March 9
  • Career moves
    Nossaman expands pension practice with new partner

    Nossaman renames its pension practice to reflect a broader service offering as Michelle McCarthy comes on board.

    By Keeley Webster
    March 8
  • Ratings
    Judge orders North Idaho College president reinstated

    Turmoil at the community college has placed its accreditation in jeopardy and resulted in a rating downgrade.

    By Keeley Webster
    March 6
  • ESG
    Idaho, Wyoming propose bank ban bills for oil, gun boycotts

    Idaho and Wyoming have joined other red states in introducing legislation that would ban from state business banks that have engaged in so-called boycotts of energy and gun companies.

    By Keeley Webster
    March 2
  • Obituaries
    Iconic California bond attorney Fritz Stradling has died

    The co-founder of the public finance practice at the firm that still bears his name has died at 96. He helped set the firms on its path to success.

    By Keeley Webster
    February 28
  • Los Angeles County Metropolitan Transportation Authority passengers waiting to board at Union Station.
    California
    Fare-dependent transit agencies face tougher recovery from pandemic

    The San Francisco Bay Area Rapid Transit District relied on fare revenue before the pandemic. Ridership has lagged since COVID, and so have revenues.

    By Keeley Webster
    February 23
  • California Sen. Dave Min, D-Costa Mesa
    California
    California bill would bar banks with firearms ties from bond work

    A bill introduced by Sen. Dave Min would prohibit banks that invest in gunmaking from working on any aspect of state public finances, including bond sales.

    By Keeley Webster
    February 21
  • Bond volume
    Fall in new money deals gives Far West worst volume year in a decade

    A substantial drop in new money volume sets California and the Far West apart from the the country.

    By Keeley Webster
    February 16
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