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Keeley Webster

Senior reporter
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  • A firefighter searches a burned-out building in Paradise, California, U.S., on Thursday, Nov. 15, 2018.
    Ratings
    Near-certain default spurs downgrade of debt linked to fire-ravaged town

    Moody's dropped to Caa3 a pool of pension obligation bonds likely to be dragged down by wildfire damage to Paradise, California.

    By Keeley Webster
    January 28
  • Former Los Angeles Deputy Mayor Austin Beutner was named Los Angeles Unified School District's superintendent in May 2018.
    School bonds
    End of Los Angeles teacher strike leaves tough budget decisions

    The county school superintendent appointed a fiscal advisory team to help Los Angeles Unified close a structural deficit.

    By Keeley Webster
    January 24
  • Peter Baranoff, chief executive officer, of KPC Healthcare
    Not-for-profit healthcare
    Buyer emerges for hospitals of bankrupt California chain

    KPC Group has agreed to be a stalking horse bidder for Verity Health System's remaining four hospitals.

    By Keeley Webster
    January 22
  • 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 is expected to pay property taxes during bankruptcy

    Rating agencies don't expect major impacts to state and local governments from the troubled California utility's pending bankruptcy.

    By Keeley Webster
    January 18
  • Honolulu Authority for Rapid Transit train testing at the under-construction Pouhala station in May 2018.
    Primary bond market
    Honolulu rail project gets a scathing audit ahead of bond sale

    Honolulu plans to price $250 million in GOs for the 20-mile-long elevated rail project.

    By Keeley Webster
    January 17
  • Lt. Gov. Gavin Newsom speaks at a watch party during the 2018 governor's primary.
    Affordable housing bonds
    California leaders unveil new programs to tackle housing crisis

    California's Governor and San Diego's mayor launch separate efforts to combat housing crisis

    By Keeley Webster
    January 16
  • Teachers hold signs while marching a picket line during a teachers strike outside of John Marshall High School in Los Angeles, California, U.S., on Monday, Jan. 14, 2019.
    School bonds
    Los Angeles teacher strike won't trigger downgrades

    The LAUSD strike doesn't have an immediate rating impact, but analysts view it as a symptom of larger problems at the district.

    By Keeley Webster
    January 14
  • Deputy California Treasurer Tim Schaefer
    Career moves
    Schaefer continues in public finance role under new California treasurer

    Tim Schaefer will remain California's deputy director of public finance under Fiona Ma.

    By Keeley Webster
    January 14
  • Ricardo J. Bordallo Governor’s Complex in Hagatna, Guam
    Ratings
    Improved finances net Guam an improved Moody's outlook

    Guam made spending cuts and raised taxes to offset losses created by federal tax law changes passed in late 2017.

    By Keeley Webster
    January 11
  • Juan Redin was hired as senior counsel by Locke Lord in 2019.
    Career moves
    Locke Lord boosts West Coast public finance practice with new hire

    The law firm added Juan Redfin as senior counsel to its 125-year-old Public Finance Practice Group.

    By Keeley Webster
    January 8
  • San Francisco International Airport International Terminal
    Airport revenue bonds
    San Francisco airport bond sale spurred by soaring airline traffic

    San Francisco International Airport's bond sale helps fund $7.4 billion capital program.

    By Keeley Webster
    January 8
  • Circular windows cover the exterior of the Ramon C. Cortines School of Visual and Performing Arts in Los Angeles on Nov. 12, 2008.
    School bonds
    California's changes for fiscally distressed schools won't alter Fitch 'special revenue' ratings

    The Legislative Analyst's Office says the shift of the takeover role from the state to the county may weaken oversight.

    By Keeley Webster
    January 4
  • oakland port-tugboat
    Trade agreements
    West Coast ports may pay a delayed toll for U.S.-China trade war

    Port officials are concerned volume will drop in January and February after import volume surged to record levels.

    By Keeley Webster
    December 27
  • A cyclist rides past Google Inc. offices inside the Googleplex headquarters in Mountain View, California, U.S., on Thursday, Feb. 18, 2016.
    Ratings
    Silicon Valley's economic growth boosts county's rating

    Santa Clara County's decision to purchase two of the bankrupt Verity hospitals was factored into the upgrade.

    By Keeley Webster
    December 24
  • BB-122118-TREND-chart
    Bond counsel
    Charter school, Puerto Rico cases stir concern about perfecting liens

    Two recent cases saw bondholders take a hit because their liens were not considered to be perfected.

    By Keeley Webster
    December 20
  • Former Los Angeles Deputy Mayor Austin Beutner was named Los Angeles Unified School District's superintendent in May 2018.
    School bonds
    Labor conflict continues in Los Angeles school district

    A fact-finding report may not be the salve that Los Angeles Unified School District Superintendent Austin Beutner predicted.

    By Keeley Webster
    December 19
  • House Minority Leader Nancy Pelosi, a Democrat from California, speaks during a news conference on Capitol Hill in Washington, D.C., U.S., on Thursday, Dec. 13, 2018.
    Obamacare
    How ACA ruling may harm nonprofit hospitals

    A federal judge in Texas ruled that the Affordable Care Act is unconstitutional, which would affect nonprofit hospital credits if it withstands appeal.

    By Keeley Webster
    December 18
  • Patrick Soon-Shiong, founder and chief executive officer of NantHealth, during the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 27, 2015.
    Not-for-profit healthcare
    County steps in to buy two of bankrupt California chain's six hospitals

    A bankruptcy judge still has to review the sales agreement between Verity Health System and Santa Clara County.

    By Keeley Webster
    December 13
  • Hasan Ikhrata was named executive director of the San Diego Association of Governments in September 2018.
    Career moves
    New hand at the helm of San Diego region's transportation agency

    Hasan Ikhrato joins the San Diego Association of Governments, which has been without an executive director since Gary Gallegos stepped down amid scandal in 2017.

    By Keeley Webster
    December 10
  • Brown, Jerry Brown, governor of California
    Litigation
    California Supreme Court to hear potentially precedent-setting pension case

    The case may challenge the California Rule, which has thwarted efforts to cut pension benefits.

    By Keeley Webster
    December 4
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