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Market Intelligence:
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Legal
Research
Market Data

Keeley Webster

Senior reporter
Connect with Keeley
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  • farwest-stats-082418
    Statistics reports
    Volume slump hits Far West hard in first half

    Issuance was down 27% in the region from the first half of 2017, and almost 30% in California, its largest market.

    By Keeley Webster
    August 23
  • Milken Institute Senior Economist Kevin Klowden speaks with participants at the Institute's California Policy Summit in Sacramento on Aug. 7, 2018.
    State budgets
    California split roll proposal draws a skeptic

    The measure, which may be on the ballot in 2020, would lift the Proposition 13 limit on commercial property tax assessments.

    By Keeley Webster
    August 21
  • San Diego Mayor Kevin Faulconer
    Public pensions
    San Diego pension ruling could have implications for other cities

    A State Supreme Court ruling jeopardizes San Diego’s pension reform measures, exposing the city to millions in unanticipated costs.

    By Keeley Webster
    August 17
  • California's State Capitol in Sacramento
    State tax revenues
    California revenues miss expectations for July

    California revenues came in $178 million below forecast.

    By Keeley Webster
    August 16
  • california-fires-graphic-081018
    Natural disasters
    How California's epic wildfires impact muni credits

    Federal disaster relief mitigates the credit impact of fires and other catastrophes, rating agencies say.

    By Keeley Webster
    August 9
  • Los Angeles County Metropolitan Transportation Authority light rail vehicles.
    Green bonds
    California's Chiang unveils a plan to boost green bond issuance

    The state treasurer released a multifaceted green bond proposal at Milken's California Policy Summit.

    By Keeley Webster
    August 7
  • Napa wildfire
    Natural disasters
    California braces for another devastating fire season

    Though fires wreak havoc causing property damage and loss of life, the hit to local economies — and their bonds — tends to be ameliorated by state and federal funding.

    By Keeley Webster
    July 31
  • water from a faucet
    Ratings
    Downgrade, negative outlook for a Los Angeles County water district

    The Central Basin Municipal Water District was downgraded three notches to Baa1 by Moody's, which assigns a negative outlook.

    By Keeley Webster
    July 23
  • moodys-sign-bl-022112
    Ratings
    California economy and finances cited in Moody's outlook boost

    Moody's changed the outlook on its Aa3 rating to positive from stable.

    By Keeley Webster
    July 23
  • Jeffrey S. Gerardo, is a managing direcgtor in Kutak Rock's Los Angeles and Irvine offices as of 2018.
    Career moves
    California public finance attorney Reyes moves to Kutak Rock

    Albert Reyes will work out of the firm’s Los Angeles and Irvine offices.

    By Keeley Webster
    July 17
  • Fitch-sign-wide
    Ratings
    Once-bankrupt San Diego-area toll road gets rating affirmation

    Fitch Ratings affirmed its A-minus rating and positive outlook for toll revenue bonds issued for the South Bay Expressway.

    By Keeley Webster
    July 16
  • Gurinder Ahluwalia-280 CapMarkets
    Broker dealers
    280 CapMarkets expands taxable and institutional sales team

    The San Francisco-based broker-dealer is expanding its offerings into taxables, coinciding with an increase in issuance in that space.

    By Keeley Webster
    July 13
  • orange county water district-071318-OCWD
    Infrastructure
    How WIFIA is surviving the EPA firestorm

    Orange County, California. Water District expects to be third water agency to close on a WIFIA loan by month's end.

    By Keeley Webster
    July 12
  • San Diego Mayor Kevin Faulconer
    Refunding bonds
    San Diego enjoys payoff for series of refundings

    A large share of the refundings that saved the city hundreds of millions of dollars wouldn't be possible now that advance refundings are eliminated, a city official said.

    By Keeley Webster
    July 10
  • fiona-ma-california-treasurer-candidate
    Election 2018
    After primary, favorite is clear in California treasurer's race

    Democrat Fiona Ma rung up more than twice as many votes as Republican Greg Conlon, who will face her in November.

    By Keeley Webster
    June 28
  • California Gov. Jerry Brown speaks at a groundbreaking ceremony for a transit station in Torrance that would be funded with money from the SB 1 gas tax.
    Transportation industry
    A California gas tax repeal would halt thousands of projects

    A ballot measure in November will ask voters to reverse the tax increase and construction package lawmakers approved in 2017.

    By Keeley Webster
    June 14
  • Voters cast their ballots at a polling location during the primary election in Las Vegas, Nevada, U.S., on Tuesday, June 12, 2018.
    Election 2018
    Laxalt, Sisolak will face off in open Nevada governor's race

    Democrat Zach Conine, a Las Vegas businessman, will face Republican Bob Beers in the open-seat state treasurer’s race.

    By Keeley Webster
    June 13
  • Voters look over their voter registration forms at the City Hall polling station in San Francisco, California, U.S., on Tuesday, June 5, 2018.
    Budgets
    Voters help two Southern California cities dodge budget gaps

    Long Beach and Burbank voters approved measures that allow municipal utilities to transfer revenue to their general funds.

    By Keeley Webster
    June 8
  • Lava from fissures on the Kīlauea volcano advances on Leilani Avenue on Hawaii's Big Island, May 27, 2018.
    Natural disasters
    Why the volcanic eruption is unlikely to dent Hawaii County's ratings

    The Big Island's tourism-driven economy is likely to experience short-term shocks, Fitch Ratings said.

    By Keeley Webster
    May 30
  • Ricardo J. Bordallo Governor’s Complex in Hagatna, Guam
    Litigation
    Lawsuit creates credit challenge for Guam's airport

    A judge had previously ruled that the airport should void a retail contract, putting its revenues at risk.

    By Keeley Webster
    May 21
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