Wed Mar 30, 2011 1:08pm BST
ATHENS (Reuters) - Fitch is likely to cut Portugal's credit rating soon if it does not ask for an EU/IMF bailout, while the EU's new bailout fund puts increased pressure on Greece's junk rating, the firm said on Wednesday.
In a report assessing the rating implication of last week's EU summit, Fitch also said that the main short-term risks to Ireland's sovereign rating remained the recession and possible additional bank support costs.
(Reporting by Ingrid Melander)
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