Ignorance is bliss.

Christy Clark, in her year end interview with Michael Smyth, yesterday blames the media for.. well… everything :

“If you read the papers, you would think British Columbia was in really tough shape,” she said. “People need to know that British Columbia is stable and growing.”

In the papers today, Moody’s Investor Ratings  downgrades B.C.’s credit rating and paints a different picture of the provinces fiscal and economic position.

From Moody’s:

Moody’s Revises British Columbia’s Outlook to Negative from Stable on Aaa rating

 Global Credit Research – 12 Dec 2012

 Toronto, December 12, 2012 — Moody’s Investors Service has revised the outlook on the Province  of British Columbia’s Aaa issuer and debt ratings to negative from  stable, affecting approximately CAD39.8 billion in debt securities.


“The negative outlook reflects Moody’s assessment of the risks  to the province’s ability to reverse the recent accumulation in  debt with the softened economic outlook, weaker commodity prices  and continued expense pressures,” said Moody’s Assistant  Vice President Jennifer Wong, lead analyst for the province