Downgrade

1. Credit rating.

A worsening in a credit rating assessment.

For example, Standard & Poor re-rated Walt Disney downward in April 2020.

The rating was REDUCED to A-.

This was mainly due to the effects of COVID-19 on Disney's theme parks, TV and film businesses.

2.

More generally, a worsening in any assessment including (but not necessarily) a credit assessment.

See also

• Credit rating
• De-listing
• Notch
• Upgrade