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Keeley Webster

Senior reporter
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  • Photo of Marc Joffe
    Municipal disclosure
    Bill to set up XBRL study clears California Legislature

    Lawmakers sent Gov. Gavin Newsom a bill that would set up a commission to study if the state should require the machine-readable accounting program.

    By Keeley Webster
    September 13
  • Signage is displayed on the exterior of Pacific Gas and Electric Corp. (PG&E) headquarters in San Francisco, California, U.S., on Monday, Jan. 14, 2019.
    Bankruptcy
    PG&E exit plan means negotiations begin in earnest

    Some of the solutions contemplated to bring the investor-owned utility out of bankruptcy involve tapping the municipal bond market.

    By Keeley Webster
    September 12
  • charter-school-chart-091019
    School bonds
    Charter schools benefit as access to cheaper financing increases

    Expanded access to lower-cost borrowing is a credit positive for the charter school sector, according to Moody’s investors Service.

    By Keeley Webster
    September 11
  • thursby-katherine
    Career moves
    Fox Rothschild names Thursby as partner to strengthen public finance practice

    Thursby's addition grows the firm's number of public finance attorneys to 16.

    By Keeley Webster
    September 6
  • Fitch-sign-wide
    Downgrades
    Alaska's bond rating falls to AA-minus

    A multiple-year recession and state leaders' failure to adequately address it led to the Fitch Ratings downgrade.

    By Keeley Webster
    September 6
  • trans-alaska-pipeline-bl-2017
    M&A
    BP's exit marks turning point for oil-dependent Alaska

    The multinational is selling its Alaska assets to Hilcorp Energy.

    By Keeley Webster
    September 5
  • An LADWP employee gives a tour of the Scattergood Power Generating Station during an investor tour in 2016.
    Bond ratings
    FBI probe casts cloud on L.A. Water and Power's credit

    The FBI probe and churn in upper management may make future rate increases a tough sell, S&P analysts said.

    By Keeley Webster
    September 4
  • Gabriel Petek was named California's Legislative Analyst in 2019.
    State budgets
    California LAO outlines cash-management tools for state government

    California's Legislative Analyst's Office wants state lawmakers to have a framework to evaluate cash borrowing proposals.

    By Keeley Webster
    September 3
  • One of the tollways in Orange County, California.
    Ratings
    Orange County, Calif., toll road snags a positive outlook

    The Fitch Ratings outlook on the BBB San Joaquin Hills Transportation Corridor Agency is now positive.

    By Keeley Webster
    August 30
  • Boeing Co. 737 Max planes are seen at the company's manufacturing facility in Renton, Washington, U.S., on Tuesday, Mar. 12, 2019.
    Ratings
    Economic diversity positioned Washington for an upgrade

    Washington's overall economic strength and strong pension funding position outweighed troubles at Boeing as Moody's upgraded the state to Aaa.

    By Keeley Webster
    August 29
  • 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
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