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