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The word "downgraded" is correct and usable in written English.
You can use it when you want to describe a situation in which something has been made less important, valuable, or powerful. For example, "The team's performance has been downgraded since the last quarter."
Dictionary
downgraded
verb
Past of downgrade
Exact(60)
Guardian Australia reported last year that government efforts to ensure the reef's world heritage status is not downgraded are being coordinated by a special unit called the Great Barrier Reef taskforce.
The camera can also be downgraded, removing features, or, if a malicious third party gets sufficient access, the app can be turned against you, secretly taking pictures and/or videos and collecting data.
Politicians sometimes argue that historic comparisons are not fair because many A roads have been "de-trunked" - that is downgraded from the Highways Agency to local councils.
The ambitions of march organisers have already been significantly downgraded.
Credit rating agency Moody's, which downgraded its outlook for the company's ability to repay its debts last week, said Phones 4u had £205m in notes due by 2019, £430m due in 2018, and a £125m revolving credit facility.
The report, ordered by Gove and leaked to the Guardian, will highlight that one of the reasons the school will be downgraded to inadequate was that teachers had not received enough training in the government's anti-extremism Prevent programme.
Last October, Standard and Poors (S&P) downgraded Spain's sovereign ratings to BBB-, just one grade above junk status.
Then we found out they couldn't get the five-star hotels they had promised, and we were being downgraded.' After learning that their trip was cancelled, Nayyar and 60 other pilgrims who had been let down were told the firm had no assets left to refund them, although he eventually recovered his money through Go4 Hajj's Atol cover.
The surge in borrowing expectations came hand in hand with downgraded forecasts for growth in gross domestic product (GDP), with the OBR now predicting a 0.9% rise this year (down from 1.7% in March), 0.7% in 2012 (down from 2.5 % and 2.1% in 2013 (from 2.9%).
Creativity and the arts have been decimated in many schools; citizenship abolished, vocational subjects downgraded.
Goldman Sachs, Bank of America, Stand & Poor and others downgraded the company to "underperform" and "negative" ratings.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com