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Market Intelligence:
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Keeley Webster

Senior reporter
Connect with Keeley
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  • Bond elections
    California stem cell agency's $5.5 billion bond measure qualifies for the ballot

    The California Institute for Regenerative Medicine, which has been on life support for years, is expected to close if the measure fails.

    By Keeley Webster
    June 24
  • Coronavirus
    California lawmakers bridge chasm to reach a budget agreement

    The governor largely agreed to abandon the steep cuts he proposed in his revised budget,.

    By Keeley Webster
    June 22
  • Airport revenue bonds
    Hertz bankruptcy underscores pressure on airport car rental bonds

    Most consolidated rent-a-car facility debt is structured with solid debt service reserves, a cushion for investors after the coronavirus halted travel.

    By Richard Williamson and Keeley Webster
    June 22
  • Coronavirus
    San Francisco's outlook revised to negative by Moody's

    San Francisco's ratings, economy challenged by coronavirus

    By Keeley Webster
    June 22
  • State budgets
    Passage of California budget legislation is only the beginning

    California legislators met the letter of the law in passing the budget by Monday's deadline, but the state is a long way from a final spending plan.

    By Keeley Webster
    June 18
  • Audit
    California water district says it was already fixing problems cited in audit

    The recently elected board president of the Western Valley Water District in Rialto says significant improvements are underway.

    By Keeley Webster
    June 18
  • Raymond James Financial
    Viral Black Lives Matter confrontation spurs firing of municipal bond banker

    Raymond James' Western region head Robert Larkins was part of a couple caught on video challenging a man for chalking the slogan in front of his own home.

    By Keeley Webster
    June 15
  • Audit
    California water district under fire for financial control failures

    California blasts West Valley Water District for financial control failures, including awarding contracts without a bidding process.

    By Keeley Webster
    June 12
  • State budgets
    California ratings hold, so far, as coronavirus smashes state budget

    Lawmakers have until June 15 to adopt a budget. Democratic leaders in the legislature have not embraced Gov. Gavin Newsom's proposed cuts.

    By Keeley Webster
    June 8
  • Ratings
    Nevada's rating outlook dropped to negative by Moody's

    Moody's action on Aa1-rated Nevada follows a Fitch Ratings outlook cut to negative three weeks ago as the coronavirus hammers a tourism based state economy.

    By Keeley Webster
    June 2
  • M&A
    Oppenheimer acquiring boutique San Francisco underwriting firm

    Oppenheimer will have its work cut out for it with the aim of being a major player in California's municipal banking business.

    By Keeley Webster
    June 2
  • Bankruptcy
    California regulator approves PG&E’s bankruptcy exit plan

    California Public Utilities Commission approval is one hurdle for PG&E, which must exit bankruptcy by June 30 to qualify for a $21 billion bond fund.

    By Keeley Webster
    May 29
  • Career moves
    Cain Brothers adds San Francisco public finance banker to healthcare group

    Joseph Pollock will be responsible for covering hospitals and healthcare systems across the United States.

    By Keeley Webster
    May 28
  • Pension obligation bond
    Bill to require voter approval of California pension bonds is shelved

    The bill was set aside as state lawmakers limit legislation to the issues of housing, wildfires and coronavirus. Meanwhile, more cities and counties issue POBs.

    By Keeley Webster
    May 28
  • Sell side
    LADWP water revs get negative outlook from Fitch ahead of bond sale

    Fitch Ratings affirmed its AA rating on the department's water system revenue bonds as it revised their outlook to negative.

    By Keeley Webster
    May 28
  • Coronavirus
    Facing a $1 billion budget gap, Hawaii prepares to reopen

    Hawaii struggles to close shortfall while crafting reopening plan.

    By Keeley Webster
    May 20
  • California
    Former California Gov. Jerry Brown talks COVID-19 as new biography released

    Former California Gov. Jerry Brown thinks the U.S. and Europe should have taken a page from Taiwan’s book in dealing with the coronavirus.

    By Keeley Webster
    May 14
  • Oregon
    Citing coronavirus, Oregon governor prepares to slash budget

    Kate Brown also joined with the other governors and officials of the western states to urge Congress and the Trump administration to approve $1 trillion in aid.

    By Keeley Webster
    May 12
  • Coronavirus
    Las Vegas takes ratings hit as coronavirus keeps tourists away

    Fitch Ratings downgraded Las Vegas a notch to AA-minus

    By Keeley Webster
    May 12
  • State budgets
    LAO predicts multi-year deficits for California

    Depending on recovery, state's deficit could soar to $126 billion.

    By Keeley Webster
    May 8
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