Global Business & Emerging Markets

Downgrade of Portugal kills revival in corporate issuance.

Rollover would trigger default, S&P says, but it might be temporary.

Rollover would trigger default, S&P says, but it might be temporary.

Loans to local governments may weigh on banks, Moody's say.

Loans to local governments may weigh on banks, Moody's say.

Risk of default recedes on passage of austerity plan.