Downgrade
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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.
