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The ratings agency confirmed the United States' Aaa rating after congressional lawmakers agreed to raise the country's debt ceiling, which will allow the Treasury to keep servicing debt obligations.
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On Friday, the economy minister George Stathakis announced that Athens had "the internal resources" to rustle up a €305m (£220m) payment to the IMF on 5 June, but stopped short of saying it could service debt obligations scheduled later in the month.
Lagarde said: "A combined financing package of €10bn is designed to help Cyprus cover its financing needs, including to service debt obligations, while it implements the policies needed to restore the health of the economy and regain access to capital market financing".
"Corporates are bleeding operationally, and they have less and less money to service their debt obligations," he said.
(i) The means test is satisfied if the borrower has resources or revenue of its own sufficient to service its debt obligations.
The offering memorandum warns, in boldface type: "We may not be able to service our debt obligations if we do not increase cash flow".
As China's economy slows down, many firms cannot service their debt obligations.
Even if the bailout extension goes through, Greece still faces the huge task of trying to service its debt obligations.
PDVSA faces $10 bil. in interest and principal payments this year, but reports estimate that PDVSA only has $2 bil. in cash to service its debt obligations.
Tsipras, 40, and a former Communist party youth leader, has already warned Merkel that it would be impossible for cash-strapped Greece to service its debt obligations without a fresh injection of rescue aid.
Moody's, Standard & Poor's and Fitch have said they will downgrade the U.S. credit rating if failure to raise the nation's $14.3 trillion debt ceiling leaves the Treasury without cash to service its debt obligations in August.
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