Marc Joffe specializes in municipal and sovereign credit issues and also has a background in public policy as well as credit assessment technologies. In his nine years at Moody’s, Marc worked on a variety of software development projects benefiting both the Analytics and Ratings franchises. Prior to joining Moody’s, Marc had technology roles at CIBC, Dresdner Kleinwort and a number of other money center banks. In 2011 he researched and co-authored Kroll Bond Rating Agency’s inaugural Municipal Bond Default study – gathering data on thousands of defaults dating back to 1920. Marc’s research, and the development of his open-source credit model, has been funded by grants and honorariums from The Macdonald-Laurier Institute, Fraser Institute, Mercatus Center, National University of Singapore's Risk Management Institute, the California State Treasurer's Office and the Pew Charitable Trusts. Marc’s work is widely cited and his op-eds have appeared in Bloomberg View, The Guardian, The Fiscal Times and RealClearMarkets. Marc has an MBA in Finance from NYU’s Stern School of Business and an MPA from San Francisco State University.
Research Piece on Provincial Solvency and Federal Obligations
Assessing Municipal Bond Default Probabilities
Modeling State Credit Risks in Illinois and Indiana