BY JOHN KELL
Moody's Investors Service slashed Greece's government-bond ratings by four notches to "junk" territory, saying there was "considerable" uncertainty surrounding the timing and impact of support measures on the country's economic growth.
The ratings agency cut the rating to Ba1, which is the highest junk-level rating, a level that reflects Moody's analysis of the balance of strengths and risks associated with a joint support package from the European Union and International Monetary Fund.
Markets reacted relatively modestly to the downgrade, which came after European markets had closed. The euro held onto most of the day's gains, which came on strong euro-zone ...
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