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Discover LudwigThe phrase "a downgrading" is correct and usable in written English.
It can be used when referring to the act or process of reducing the quality, status, or importance of something.
Example: "The recent changes in the company's policy resulted in a downgrading of employee benefits."
Alternatives: "a reduction" or "a decline".
Exact(60)
But the Fitch statement said that a downgrading for Altria did not necessarily mean a downgrading for the tobacco industry as a whole and, therefore, the tobacco bonds.
For instance, a downgrading of A.I.G.'s own creditworthiness could prompt a big collateral call.
A downgrading could prove costly as investors demand higher returns to compensate for increased risk.
The alternative would have been to risk a downgrading by rating agencies.
This represents a downgrading of the original neocon vision of setting up a democratic state.
Those steps do not amount to a downgrading of the state's bonds.
Nor is it true that these show a downgrading of global warming.
The corollary of this allegedly Asian value system was a downgrading of the individual and of human rights.
If so, sortition did not necessarily entail a downgrading of the importance of the office of archon.
I would not be surprised if some time shortly thereafter there would be a downgrading of our financial rating.
Their brinkmanship over the debt ceiling was highly irresponsible, and led as feared to a downgrading of America's credit rating.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com