Greek government-debt crisis timeline

Despite expectations that Moody's would declare Greece's debt outlook positive, the credit rating agency has kept it stable. As expected, Moody's kept Greece's debt rating at B1, four notches below investment grade.

Citibank expects credit rating agency Moody's to keep its rating on Greece's debt steady at B1 while improving its outlook from stable to positive.
Moody's, along with Standard & Poor's, rates Greece's debt four levels below investment grade, while Fitch rates Greece a level above.

Fitch Ratings retained Greece's credit rating at 'BB-' and its outlook at "stable" on Friday, a few weeks after the latest Greek foray in the money markets with a seven-year bond.

Last February Fitch had also kept Greece's rating at 'BB-', and the outlook "stable".

Fitch Ratings is waiting for the tax bill the new government will submit on July 23 to make any decisions regarding Greece's credit rating and announce it on August 2, the international agency said in a report.

Greeks voted on Sunday in the second round of local elections that are expected to show the conservative opposition party consolidating gains ahead of a snap general election next month.

Greece's new fiscal package increases uncertainty about the country's medium-term policy stance and is set to generate tensions with Greece's European creditors, Fitch Ratings said on Monday.

Standard & Poor's rating agency affirmed on Friday Greece's credit rating at B+, with a positive outlook, as the market anticipates the first bond issue by Greece after almost a year.

German Chancellor Angela Merkel has arrived in Greece amid tight security on Thursday, looking to turn the page on the biting austerity measures that sparked major protests during her last official visit to Athens in 2014, reported Al Jazeera. 

The International Monetary Fund (IMF) stuck to its guns concerning Greece's planned pension cuts on Thursday, saying that they should be implemented to "improve the country's long-term prospects" and send a "clear signal" to investors that the government remains committed to agreed reforms.

The International Monetary Fund (IMF) stuck to its guns concerning Greece's planned pension cuts on Thursday, saying that they should be implemented to "improve the country's long-term prospects" and send a "clear signal" to investors that the government remains committed to agreed reforms.