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The phrase "any downgrading of the" is correct and usable in written English.
It can be used when discussing a reduction in quality, status, or importance of something.
Example: "The report highlighted any downgrading of the project's objectives as a significant concern for the stakeholders."
Alternatives: "any reduction in the" or "any decline in the".
Exact(2)
He led the session on Wednesday and suggested that the group move in as little as 48 hours to get a deal done ahead of any downgrading of the bond guarantors by credit ratings firms.
President-elect George W. Bush has come under pressure to maintain cabinet rank for his top trade official, with lawmakers and business leaders arguing in unusually strong language that any downgrading of the position might cripple the nation's chief trade negotiator at a critical time.
Similar(58)
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.
Any further downgrading of the US credit rating, while making more US borrowing more expensive, would also be a matter of concern to Beijing.
Ratings agencies warned of a downgrade of the bank's credit rating.
Standard & Poor's was considering a downgrade of the company's debt.
Not even as Standard & Poor's chose to announce its slight downgrading of the Spanish debt the very day after doing a severe downgrading of Greece's.
The coarsening of his character is part of the general downgrading of the show.
The regrettable legacy was a tacit downgrading of the gravity of passing information for reward.
One result has been the effective downgrading of the Palestinian issue.
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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