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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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  • Traffic crosses over the Golden Gate Bridge as seen from Fort Scott in San Francisco.
    Public pensions
    San Francisco upgrade driven by pension management

    Moody's Investors Service upgraded San Francisco's general obligation bonds to Aaa.

    By Keeley Webster
    March 7
  • Dave Rudd, 280 CapMarkets
    Career moves
    Broker-dealer's rapid growth plan broadens fixed income reach

    280 CapMarkets' new hires strengthen its municipal sales team and expand into corporate bonds

    By Keeley Webster
    March 6
  • Guam Gov. Eddie Baza Calvo
    Budgets
    Revenue drop may drive Guam ratings further into junk territory

    Guam’s long- and short-term debt was placed on negative credit watch by S&P Global Ratings.

    By Keeley Webster
    March 5
  • California Treasurer John Chiang smiles during a Bloomberg Technology television interview in San Francisco, California, U.S., on Monday, Oct. 10, 2016.
    Green bonds
    Disclosure concerns cause some issuers to balk at green bond label

    The cost of certification and disclosure requirements over the life of the bonds are cited as potential holdups.

    By Keeley Webster
    March 2
  • Former San Jose Mayor Chuck Reed is a board member of the Retirement Security Initiative and special counsel at law firm Hopkins & Carley.
    Pension reform
    More briefs ask state Supreme Court to weaken 'California Rule' on pensions

    The amicus briefs ask the state's high court to weaken a rule that is believed to make future benefit reductions impossible.

    By Keeley Webster
    February 27
  • moodys-sign-bl-022112
    Public pensions
    New CalPERS repayment schedule brings some 'difficult budget adjustments'

    Moody's says CalPERS' faster debt repayment plan is credit positive despite the budget strain it will provoke.

    By Keeley Webster
    February 26
  • Construction of Honolulu's rail transit project.
    Infrastructure
    Honolulu rail project offers to return some federal funds in real estate misstep

    The director of the Honolulu transit project offered to forego $3.8 million.

    By Keeley Webster
    February 23
  • Ting-Phil-CA Assembly
    State budgets
    California's homelessness crisis drives call to tap surplus at expense of reserves

    California lawmakers introduced bills to spend one-fourth of the $6.1 billion surplus on programs for homeless people.

    By Keeley Webster
    February 22
  • Colin MacNaught founded BondLInk, a technology company to exclusively serve the needs of municipal issuers.
    Municipal disclosure
    With new investment and a big new client, disclosure platform BondLink aims high

    The firm announced a $10 million investment and landed California, the muni market's largest issuer, as a client.

    By Keeley Webster and Paul Burton
    February 22
  • moorlach-john-california
    Public pensions
    State lawmakers maneuver as CalPERS brings more change

    CalPERS' decision to shorten amortization period could further challenge local governments in California.

    By Keeley Webster
    February 21
  • Former San Jose Mayor Chuck Reed is a board member of the Retirement Security Initiative and special counsel at law firm Hopkins & Carley.
    Public pensions
    A legal plea to reject 'California rule' on pensions

    The California Supreme Court could upend legal assumptions about public employee pensions.

    By Keeley Webster
    February 20
  • California State Controller Betty Yee
    State tax revenues
    California tax revenues crush expectations for January

    Personal income tax and corporation tax receipts exceeded estimates by 16.9% and 62.1% respectively.

    By Keeley Webster
    February 15
  • Jase Wilson
    Blockchain
    Neighborly, Berkeley working toward a muni bond on the blockchain

    Berkeley, Calif., plans to issue the first bonds using blockchain technology in May.

    By Keeley Webster
    February 14
  • An anti-Delta California WaterFix tunnels sign in the Delta community of Rio Vista in August 2016.
    Infrastructure
    California agency begins selling downsized WaterFix proposal

    California's water agency says the downsized water tunnel project will still benefit cities and farmers.

    By Keeley Webster
    February 14
  • Colin MacNaught, CEO of BondLink.
    Sell side
    Las Vegas water agency wants to highlight disclosure with investor website

    BondLink's websites are designed to provide ongoing disclosure about issuers.

    By Keeley Webster
    February 13
  • Sam Kazman, general counsel with the Competitive Enterprise Institute, listens during a news conference in front of the U.S. Supreme Court in Washington, D.C. on Wednesday, March 4, 2015.
    SEC enforcement
    Advocates letter seeks SEC probe of climate change bond disclosures

    The Conservative Enterprise Institute sent a letter to the Securities and Exchange Commission.

    By Keeley Webster
    February 9
  • Matt Fabian, partner and president at Municipal Markets Analytics
    Bankruptcy
    Multiple factors drive upswing of bankruptcies, closures among rural hospitals

    Rural hospitals face financial challenges from shrinking populations and cuts to federal funding

    By Keeley Webster
    February 8
  • California State Treasurer John Chiang
    Green bonds
    California treasurer sees event as a spur for green bonds

    John Chiang will co-host a two-day green bond event later this month in Santa Monica.

    By Keeley Webster
    February 6
  • Oregon. Gov. Kate Brown
    State budgets
    Oregon's voter-approved tax hike to fund Medicaid buoys state budget

    Oregon voters upheld temporary taxes that support the state's ACA expansion

    By Keeley Webster
    February 5
  • Firefighters fought the December 2017 Skirball Fire in a Los Angeles suburb that destroyed four homes and burned 475 acres.
    Public pensions
    How a growing pension burden will press California city budgets

    Pensions in some California cities to grow to 21.5% of general fund in seven years.

    By Keeley Webster
    February 2
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