downgrade 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. The new contracts effectively downgraded their jobs to match their colleagues ' lower pay. The agreement may lead to one in six staff being downgraded. More @Wikipedia
Hover over any link to get a description of the article. Please note that search keywords are sometimes hidden within the full article and don't appear in the description or title.