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Those developments heightened concerns about the country's ability to meet refinancing obligations.
"It removes the short-term risk from Petra given that it was previously unable to meet refinancing requirements," they added.
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Warning of a "very challenging" 2009, Hans Wijers, chief executive, insisted that the group's fundamentals remained sound and it could meet its refinancing needs.
The Bank of England estimates that British banks will need to issue £25 billion in bonds every month to meet their refinancing needs, which the central bank puts at £800 billion, or $1.2 trillion.
Unable to issue more debt to private investors or financial markets, Catalonia was forced last month to request $6.5 billion in emergency aid from Madrid in order to meet its refinancing obligations.
Portugal has already received about 20 billion euros ($28.4 billion) of the bailout financing, which the previous Socialist government requested in April to meet debt refinancing obligations and avoid a default.
But a series of mistimed and expensive deals, particularly in the Spanish television market, made Prisa open its doors to outside investors to meet the refinancing demands of an army of creditors, led by Santander and HSBC.
However, he then remained at the controls of a caretaker government that was forced to request and then negotiate a bailout package with the European Union and the International Monetary Fund because of the country's inability to meet its refinancing obligations.
Fitch also said that the development did not change the facts that the Greek government must make tough spending cuts, and must return to the market to meet its refinancing needs and to make up the difference between revenue and spending.
Mr. Sócrates has since remained at the helm of a caretaker government that was forced to request and then negotiate a bailout package with the European Union and the International Monetary Fund because of the country's inability to meet its refinancing obligations.
He also suggests that borrowers examine the new lender's commitment letter, so they understand the stipulations that need to be met for refinancing.
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