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Discover Ludwig"downgrade of" is a correct and usable phrase in written English.
It is typically used to describe a decrease in status, rank, or value. Example: The company's financial troubles led to a downgrade of its credit rating, causing panic among investors.
Exact(60)
The figures represent a significant downgrade of expectations.
Intel's downgrade of its guidance was not entirely a surprise.
A downgrade of Spain's debt rating also weighed on investors.
shares, despite Moody's recent downgrade of its credit rating.
Moody's is considering another downgrade of Japan's credit rating.
But the downgrade of Britain comes as the pound continues to slide.
The stakes escalated with the Standard & Poor's downgrade of the U.S. credit rating on Friday.
She cannot loosen fiscal policy without precipitating a downgrade of Brazil's credit rating.
But it led to the temporary downgrade of the airfield to Category I.
So there is no reason to take Friday's downgrade of America seriously.
S&P's downgrade of a bunch of European sovereigns was no surprise.
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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