Marc Joffe, Senior Policy Analyst

Marc Joffe is the Principal Consultant at Public Sector Credit Solutions, where he researches government credit quality. Among his recent publications are studies of Illinois state debt, California municipalities and Canadian provinces. Before starting PSCS, Marc worked in credit technology roles at a number of major banks and as a product manager at Moody’s Analytics. He holds an MBA from New York University and an MPA from San Francisco State University.
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Recent Posts

Hospitals Under Pressure – Get the Latest on Bitvore

Back in June, we reported on the financial crisis at Crittenden Regional Hospital in West Memphis, AR. Despite receiving a voter-approved lifeline in the form of a special sales tax, the hospital was [...]

E-Cigarettes and Munis: The Good, The Bad and The Local

At Bitvore, we see a lot of news about electronic cigarettes (or e-cigs for short). Opinions about the nicotine delivery devices run the gamut: some see them as a way to reduce the incidence of [...]

State Credit Rating Downgrades: Could Hawaii Be Next?

Despite improving economic conditions, state credit ratings have remained under pressure in 2014.  Thus far, the states of Kansas and New Jersey have both been on the receiving end of several adverse [...]

The South Napa Quake and Munis

Shortly after the South Napa earthquake rattled my northern California neighborhood, I started wondering:  “what does this all mean for local municipal bonds?”  While a rational response to such a [...]

Desert Hot Springs: Serial Defaulter?

 

Carmen Reinhart and Kenneth Rogoff popularized the notion of sovereign serial defaulters – nations that repeatedly go through cycles of fiscal mismanagement, default and recovery. High profile [...]

Jobing.com arena risks Glendale AZ bonds

Stadiums and arenas often generate drama not just for sports fans, but for bondholders as well. For the Phoenix suburb of Glendale, the latest episode of stadium anxiety played out last week. Market [...]

Filling Your Pipeline with Bitvore

In the muni market, issuance is widely distributed around the country. Thus, local media often learn about potential bond issues before the financial press. By mining local media, Bitvore can help [...]

Atlantic City Declines: Will it End in a Municipal Bond Default?

The popular HBO series Boardwalk Empire portrays Atlantic City in the midst of its Prohibition-era heyday when tourists, booze and money were flowing liberally. The upcoming season will portray the [...]

False Claims Act / Stark Law Litigation Threatens Hospital Bondholders

Last week, Moody’s downgraded King’s Daughters Medical Center’s (KDMC’s) debt from A2 to A3. The agency cited “a large $40.9 million Department of Justice settlement” as one of the reasons for [...]

Crittenden Regional Hospital on the Edge - UPDATE

** UPDATE:  The hospital won’t reopen until July, but voters approved the 1% sales tax initiative thereby preserving the hospital and keeping creditors whole for the time being.

Source:  [...]