A student in traditional outfit walks past a graffiti alluding to the financial crisis outside the University of Coimbra, after Brazil’s former president Luis Inacio Lula da Silva, not seen, being granted the title of doctor Honoris Causa, Wednesday in Coimbra, Portugal. Brazil on Tuesday promised to help the beleaguered economy of Portugal, its former colonial power, which now risks needing an international financial bailout. Lula da Silva also advised Portugal to resist the pressure of applying for a bailout from the European Union and the International Monetary Fund (IMF). Standard & Poor’s downgraded its credit rating on Portugal’s bonds to BBB-, just one notch above junk status on Tuesday. The agency said Portugal’s high debt load and poor growth prospects make it likely the country will need a financial rescue.