Sorta.

Moody’s — one of the two international credit rating agencies — has said that its “margin of error has substantially decreased” in measuring America’s creditworthiness, which is still AAA (its highest rating).

Essential that means America is now AAA-with-an-asterisk: they’re highly rated, but that rating is no longer a “no brainer”.

This is interesting politically. Moody’s, part of the Wall Street elite, might be subtly threatening Obama: “Pass health care and bank reform and we’ll fire a nuclear torpedo at the economy. Try to spin that, you communist nazi.”

Maybe.