Credit rating firm Egan-Jones today downgraded its rating on U.S. government debt from AA to AA-, following the Federal Reserve’s announcement Thursday that it would begin a third round of stimulus spending, an open-ended plan to purchase $40 billion of mortgage debt a month.

In April, Egan-Jones had cut the U.S.’s credit rating from AA+ to AA, citing the rising national debt. While the president had rated himself a “solid B+” after his first 11 months in office, news of a second credit downgrade seems to have earned President Obama an “incomplete” at best and solidified the nickname “President Downgrade.”