* * *downgrade down‧grade [ˈdaʊngreɪd] verb [transitive]1. to give something less importance, for example by spending less money on it or reducing its value:
• The drug company is planning to downgrade some of its products from prescription status.2. HUMAN RESOURCES to make someone's job less important or well-paid than it was before:
• Eighty-eight middle managers had been made redundant, downgraded or fired.
• Services have been reduced and temporary contracts are being used to downgrade or replace qualified staff.— compare upgrade13. ECONOMICS to reduce an amount or value that you had calculated or guessed:
• Analysts downgraded four-year profit projections and exposed the fledgling company to the harsher side of stockmarket life.
• The company's long-term debt-rating has been downgraded from triple-A to double-A-2.— compare upgrade1
* * *The reduction of credit rating for a borrowing institution or its debt instruments. Opposite to upgrade.
* * *Ⅰ.downgrade UK US /ˌdaʊnˈgreɪd/ US /ˈdaʊngreɪd/ verb [T]► FINANCE to state that something such as a company is likely to produce less profit or growth, to be less able to pay back debt, etc. than was previously thought: »
downgrade stocks/sharesdowngrade sth's rating/status »
Investment bank Merrill Lynch downgraded the company's status from 'buy' to 'neutral'.»
The Chancellor blamed higher oil prices for the downgraded growth forecast.► HR to make a job less senior, skilled, or important than before, or to put someone into a less senior or important job: »
The new contracts effectively downgraded their jobs to match their colleagues' lower pay.»
The agreement may lead to one in six staff being downgraded.Ⅱ.downgrade UK US /ˈdaʊnɡreɪd/ noun [C]► FINANCE a statement that something such as a company's profit, ability to pay back debt, etc. will be less than was expected: »
A credit rating downgrade would raise their cost of borrowing.
Financial and business terms. 2012.