As reported by Reuters, here:
"On the other hand, lack of further deficit reduction measures could affect the rating negatively," Moody's said.
Moody's placed the U.S. credit rating on a negative outlook August 3, 2011 when the Congress and the White House wrestled over a relatively routine measure of raising the debt ceiling to the point where the United States was on the brink of default before hammering out a deal.
That political impasse and near financial calamity prompted rival rating agency Standard & Poor's to take the unprecedented move of cutting the U.S. credit rating to AA-plus from AAA.
